Bulgaria: Unwrought Aluminium Alloys Market 2021

Unwrought Aluminium Alloys Market Size in Bulgaria

In 2020, the Bulgarian unwrought aluminium alloys market decreased by -X% to $X, falling for the second year in a row after two years of growth. In general, consumption, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2011 when the market value increased by X% year-to-year. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2020, consumption stood at a somewhat lower figure.

Unwrought Aluminium Alloys Production in Bulgaria

In value terms, unwrought aluminium alloys production reduced markedly to $X in 2020 estimated in export prices. Overall, production showed a deep downturn. The most prominent rate of growth was recorded in 2017 with an increase of X% year-to-year. Unwrought aluminium alloys production peaked at $X in 2007; however, from 2008 to 2020, production remained at a lower figure.

Unwrought Aluminium Alloys Exports

Exports from Bulgaria

In 2020, approx. X tons of unwrought aluminium alloys were exported from Bulgaria; picking up by X% on the previous year. In general, exports, however, continue to indicate a pronounced reduction. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. Over the period under review, exports reached the maximum at X tons in 2007; however, from 2008 to 2020, exports failed to regain the momentum.

In value terms, unwrought aluminium alloys exports skyrocketed to $X in 2020. Overall, exports, however, continue to indicate a noticeable reduction. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Exports peaked at $X in 2007; however, from 2008 to 2020, exports failed to regain the momentum.

Exports by Country

Romania (X tons), Greece (X tons) and Slovakia (X tons) were the main destinations of unwrought aluminium alloys exports from Bulgaria, with a combined X% share of total exports.

From 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Greece, while exports for the other leaders experienced more modest paces of growth.

In value terms, Romania ($X), Greece ($X) and Slovakia ($X) constituted the largest markets for unwrought aluminium alloys exported from Bulgaria worldwide, with a combined X% share of total exports.

Among the main countries of destination, Greece 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

In 2020, the average unwrought aluminium alloys export price amounted to $X per ton, falling by -X% against the previous year. In general, the export price saw a slight decrease. The growth pace was the most rapid in 2008 when the average export price increased by X% year-to-year. As a result, export price attained the peak level of $X per ton. from 2009 to 2020, the growth in terms of the average export prices remained at a somewhat lower figure.

Average prices varied somewhat for the major external markets. In 2020, the countries with the highest prices were Greece ($X per ton) and Italy ($X per ton), while the average price for exports to Romania ($X per ton) and the Czech Republic ($X per ton) were amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Italy, while the prices for the other major destinations experienced a decline.

Unwrought Aluminium Alloys Imports

Imports into Bulgaria

In 2020, purchases abroad of unwrought aluminium alloys decreased by -X% to X tons for the first time since 2015, thus ending a four-year rising trend. Overall, imports, however, recorded noticeable growth. The most prominent rate of growth was recorded in 2010 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2019, and then fell rapidly in the following year.

In value terms, unwrought aluminium alloys imports shrank remarkably to $X in 2020. In general, imports, however, showed a moderate increase. The most prominent rate of growth was recorded in 2011 when imports increased by X% year-to-year. Imports peaked at $X in 2018; however, from 2019 to 2020, imports stood at a somewhat lower figure.

Imports by Country

Greece (X tons), Russia (X tons) and Turkey (X tons) were the main suppliers of unwrought aluminium alloys imports to Bulgaria, together comprising X% of total imports. Romania, the United Arab Emirates, India and Slovakia lagged somewhat behind, together accounting for a further X 2007 to 2020, the biggest increases were in the United Arab Emirates (+X% per year), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest unwrought aluminium alloys suppliers to Bulgaria were Greece ($X), Russia ($X) and Turkey ($X), with a combined X% share of total imports. These countries were followed by Romania, India, the United Arab Emirates and Slovakia, which together accounted for a further X United Arab Emirates (+X% per year) recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average unwrought aluminium alloys import price stood at $X per ton in 2020, waning by -X% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton. from 2012 to 2020, the growth in terms of the average import prices remained at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2020, the highest prices were recorded for prices from Greece ($X per ton) and Slovakia ($X per ton), while the price for the United Arab Emirates ($X per ton) and Romania ($X per ton) were amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by India, while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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