Bulgaria: Market for Tube Or Pipe Fittings (Of Iron Or Steel) 2024

Market Size for Tube Or Pipe Fittings (Of Iron Or Steel) in Bulgaria

In 2022, after three years of growth, there was significant decline in the Bulgarian market for tube or pipe fittings (of iron or steel), when its value decreased by X% to $X. Over the period under review, consumption showed a mild decline. Iron or steel tube fitting consumption peaked at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Production of Tube Or Pipe Fittings (Of Iron Or Steel) in Bulgaria

In value terms, iron or steel tube fitting production declined dramatically to $X in 2022 estimated in export price. Overall, production showed a perceptible decrease. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, production reached the peak level of $X, and then declined remarkably in the following year.

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Exports of Tube Or Pipe Fittings (Of Iron Or Steel)

Exports from Bulgaria

In 2022, approx. X tons of tube or pipe fittings (of iron or steel) were exported from Bulgaria; which is down by X% against the year before. Overall, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of X%. As a result, the exports attained the peak of X tons. From 2019 to 2022, the growth of the exports remained at a lower figure.

In value terms, iron or steel tube fitting exports skyrocketed to $X in 2022. Over the period under review, total exports indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Italy (X tons), Germany (X tons) and Poland (X tons) were the main destinations of iron or steel tube fitting exports from Bulgaria, with a combined X% share of total exports. Greece, Spain, Romania, Croatia, Austria, the United Arab Emirates, Finland, Ireland, France and Turkey lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for the United Arab Emirates (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for iron or steel tube fitting exported from Bulgaria were the United Arab Emirates ($X), Italy ($X) and Germany ($X), with a combined X% share of total exports.

In terms of the main countries of destination, the United Arab Emirates, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for tube or pipe fittings (of iron or steel) stood at $X per ton in 2022, picking up by X% against the previous year. In general, export price indicated a strong expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, iron or steel tube fitting export price increased by X% against 2015 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Ireland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Tube Or Pipe Fittings (Of Iron Or Steel)

Imports into Bulgaria

In 2022, the amount of tube or pipe fittings (of iron or steel) imported into Bulgaria rose significantly to X tons, with an increase of X% on the previous year. Over the period under review, imports posted a buoyant increase. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, iron or steel tube fitting imports expanded significantly to $X in 2022. In general, imports showed resilient growth. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports failed to regain momentum.

Imports by Country

China (X tons), France (X tons) and Spain (X tons) were the main suppliers of iron or steel tube fitting imports to Bulgaria, together comprising X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by France (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), China ($X) and Italy ($X) were the largest iron or steel tube fitting suppliers to Bulgaria, together comprising X% of total imports. Turkey, Germany, France, Poland, Hungary, Greece and Romania lagged somewhat behind, together comprising a further X%.

Among the main suppliers, Poland, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for tube or pipe fittings (of iron or steel) stood at $X per ton in 2022, shrinking by X% against the previous year. Overall, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 an increase of X% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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