Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Bulgaria - 2024
Contents:
- Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Bulgaria (FOB) - 2022
- Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Bulgaria (CIF) - 2022
- Exports of Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Bulgaria
- Imports of Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Bulgaria
Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Bulgaria (FOB) - 2022
In 2022, the average export price for iron or non-alloy steel wire, plated or coated with non-zinc base metalses amounted to $2,313 per ton, jumping by 28% against the previous year. Overall, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 42% against the previous year. The export price peaked in 2022 and is expected to retain growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belgium ($2,429 per ton), while the average price for exports to Turkey ($1,044 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 Belgium (+34.8%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Bulgaria (CIF) - 2022
In 2022, the average import price for iron or non-alloy steel wire, plated or coated with non-zinc base metalses amounted to $2,089 per ton, with an increase of 21% against the previous year. Overall, import price indicated a buoyant increase from 2012 to 2022: its price increased at an average annual rate of +7.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for iron or non-alloy steel wire, plated or coated with non-zinc base metalses increased by +27.4% against 2020 indices. The most prominent rate of growth was recorded in 2018 an increase of 35%. Over the period under review, average import prices reached the peak figure in 2022 and is likely to see steady growth in the near future.
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 China ($7,028 per ton), while the price for Romania ($1,151 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+18.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Bulgaria
In 2022, after three years of growth, there was significant decline in overseas shipments of iron or non-alloy steel wire, plated or coated with non-zinc base metalses, when their volume decreased by -20.7% to 714 tons. In general, exports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 260% against the previous year.
In value terms, exports of iron or non-alloy steel wire, plated or coated with non-zinc base metalses stood at $1.7M in 2022. Over the period under review, exports, however, enjoyed a significant increase. The pace of growth appeared the most rapid in 2020 when exports increased by 231%. Over the period under review, the exports of attained the peak figure in 2022 and are expected to retain growth in the immediate term.
| Export of Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Bulgaria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | N/A | 300 | 903 | 1,378 | 114.3% |
| Netherlands | 100 | 167 | 186 | 166 | 18.4% |
| Turkey | N/A | N/A | N/A | 51.0 | 0% |
| Germany | 67.0 | 84.1 | 74.1 | 34.6 | -19.8% |
| Austria | N/A | N/A | 457 | N/A | 0% |
| Others | 3.1 | 12.9 | N/A | 22.6 | 93.9% |
| Total | 170 | 564 | 1,621 | 1,652 | 113.4% |
Top Export Markets for Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals from Bulgaria in 2022:
- Belgium (567.2 tons)
- Netherlands (68.4 tons)
- Turkey (48.8 tons)
- Germany (21.4 tons)
Imports of Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Bulgaria
In 2022, after three years of growth, there was significant decline in overseas purchases of iron or non-alloy steel wire, plated or coated with non-zinc base metalses, when their volume decreased by -8.2% to 503 tons. In general, imports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 78% against the previous year. As a result, imports reached the peak of 548 tons, and then fell in the following year.
In value terms, imports of iron or non-alloy steel wire, plated or coated with non-zinc base metalses expanded sharply to $1.1M in 2022. Over the period under review, imports, however, saw a significant expansion. The growth pace was the most rapid in 2021 with an increase of 88% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Bulgaria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 38.9 | 63.5 | 356 | 433 | 123.3% |
| China | 181 | 137 | 295 | 287 | 16.6% |
| Czech Republic | 21.4 | 46.1 | 77.5 | 134 | 84.3% |
| Luxembourg | N/A | N/A | N/A | 76.5 | 0% |
| Belgium | N/A | N/A | N/A | 38.5 | 0% |
| Poland | 70.2 | 17.5 | 9.8 | 29.8 | -24.8% |
| Romania | 114 | 140 | 48.5 | 11.9 | -52.9% |
| Turkey | 10.2 | 20.9 | 42.0 | 8.6 | -5.5% |
| Italy | 4.4 | 14.2 | 44.6 | 3.8 | -4.8% |
| Others | 11.2 | 65.2 | 76.4 | 27.1 | 34.3% |
| Total | 452 | 504 | 950 | 1,051 | 32.5% |
Top Suppliers of Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals to Bulgaria in 2022:
- Germany (277.6 tons)
- Luxembourg (62.8 tons)
- Czech Republic (52.3 tons)
- China (40.9 tons)
- Belgium (31.6 tons)
- Poland (12.7 tons)
- Romania (10.3 tons)
- Turkey (7.0 tons)
- Italy (1.9 tons)
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This report provides an in-depth analysis of the market for iron and steel wire in Bulgaria.
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