Aluminium Wire Price in Bulgaria - 2023
Contents:
- Aluminium Wire Price in Bulgaria (CIF) - 2023
- Aluminium Wire Price in Bulgaria (FOB) - 2022
- Aluminium Wire Imports in Bulgaria
- Aluminium Wire Exports in Bulgaria
Aluminium Wire Price in Bulgaria (CIF) - 2023
In July 2023, the average aluminium wire import price amounted to $3,074 per ton, dropping by -5.2% against the previous month. Overall, the import price continues to indicate a mild descent. The pace of growth appeared the most rapid in May 2023 when the average import price increased by 11% month-to-month. The import price peaked at $3,703 per ton in July 2022; however, from August 2022 to July 2023, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In July 2023, the country with the highest price was Turkey ($3,207 per ton), while the price for Romania stood at $2,927 per ton.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Hungary (+0.9%), while the prices for the other major suppliers experienced a decline.
Aluminium Wire Price in Bulgaria (FOB) - 2022
The average aluminium wire export price stood at $2,680 per ton in 2022, waning by -35.3% against the previous year. Overall, the export price, however, enjoyed measured growth. The growth pace was the most rapid in 2021 an increase of 75%. As a result, the export price attained the peak level of $4,140 per ton, and then reduced rapidly in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Serbia ($13,742 per ton), while the average price for exports to Greece ($1,310 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 Serbia (+20.0%), while the prices for the other major destinations experienced mixed trend patterns.
Aluminium Wire Imports in Bulgaria
In 2022, overseas purchases of aluminium wires decreased by -3.7% to 4.6K tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +5.4% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 13%.
In value terms, aluminium wire imports shrank rapidly to $12M in 2022. In general, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +10.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +34.0% against 2019 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 58% against the previous year. As a result, imports reached the peak of $15M, and then shrank significantly in the following year.
Import of Aluminium Wire in Bulgaria (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Turkey | 1.6 | 0.9 | 3.0 | 10.1 | 84.8% |
Romania | 6.8 | 7.8 | 10.1 | 0.6 | -55.5% |
Greece | N/A | 0.1 | 0.5 | 0.5 | 123.6% |
Spain | 0.2 | 0.2 | 0.6 | 0.4 | 26.0% |
Hungary | 0.1 | 0.1 | 0.2 | 0.3 | 44.2% |
Croatia | N/A | N/A | N/A | 0.1 | 0% |
Others | 0.5 | 0.4 | 0.6 | 0.4 | -7.2% |
Total | 9.2 | 9.5 | 15.1 | 12.3 | 10.2% |
Top Suppliers of Aluminium Wire to Bulgaria in 2022:
- Turkey (3825.1 tons)
- Romania (264.8 tons)
- Greece (173.1 tons)
- Spain (95.2 tons)
- Croatia (92.1 tons)
- Hungary (91.7 tons)
Aluminium Wire Exports in Bulgaria
In 2022, the amount of aluminium wires exported from Bulgaria surged to 469 tons, growing by 212% compared with the previous year. Overall, exports recorded prominent growth.
In value terms, aluminium wire exports skyrocketed to $1.3M in 2022. Over the period under review, exports saw a relatively flat trend pattern.
Export of Aluminium Wire in Bulgaria (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Austria | 374 | 481 | 395 | 1,101 | 43.3% |
Greece | 1.8 | N/A | N/A | 68.6 | 236.5% |
Germany | 1.2 | N/A | 6.2 | 28.5 | 187.4% |
Serbia | 809 | 1,403 | N/A | 4.2 | -82.7% |
Others | 40.3 | 8.2 | 220 | 54.1 | 10.3% |
Total | 1,226 | 1,892 | 622 | 1,257 | 0.8% |
Top Export Markets for Aluminium Wire from Bulgaria in 2022:
- Austria (388.1 tons)
- Greece (52.4 tons)
- Germany (14.9 tons)
- Serbia (0.3 tons)
This report provides an in-depth analysis of the aluminium alloy wire market in Bulgaria.
This report provides an in-depth analysis of the global aluminium alloy wire market.
This report provides an in-depth analysis of the aluminium alloy wire market in Bulgaria.
Global Non-Alloy Aluminium Wire Market Report 2018. This report provides an in-depth analysis of the global non-alloy aluminium wire market.
This report provides an in-depth analysis of the global aluminium alloy wire market.
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