Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Bulgaria - 2024
Contents:
- Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Bulgaria (FOB) - 2024
- Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Bulgaria (CIF) - 2024
- Exports of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Bulgaria
- Imports of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Bulgaria
Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Bulgaria (FOB) - 2024
The average export price for iron or non-alloy steel wire, plated or coated with zincs stood at $957 per ton in January 2024, growing by 2.1% against the previous month. In general, the export price, however, recorded a slight descent. The growth pace was the most rapid in April 2023 an increase of 7.1% against the previous month. As a result, the export price attained the peak level of $1,153 per ton. From May 2023 to January 2024, the the average export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was North Macedonia ($1,398 per ton), while the average price for exports to Serbia ($868 per ton) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was recorded for supplies to Bosnia and Herzegovina (-0.9%), while the prices for the other major destinations experienced a decline.
Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Bulgaria (CIF) - 2024
The average import price for iron or non-alloy steel wire, plated or coated with zincs stood at $1,342 per ton in January 2024, rising by 34% against the previous month. In general, the import price, however, saw a slight decrease. Over the period under review, average import prices reached the peak figure at $1,563 per ton in January 2023; however, from February 2023 to January 2024, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In January 2024, the country with the highest price was China ($1,171 per ton), while the price for Turkey totaled $1,090 per ton.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by Albania (+1.5%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Bulgaria
In 2022, shipments abroad of iron or non-alloy steel wire, plated or coated with zincs decreased by -8.3% to 18K tons, falling for the second year in a row after two years of growth. Overall, exports continue to indicate a deep setback. The pace of growth was the most pronounced in 2020 with an increase of 10%. As a result, the exports reached the peak of 23K tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of iron or non-alloy steel wire, plated or coated with zincs reached $22M in 2022. The total export value increased at an average annual rate of +9.5% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 18% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the immediate term.
| Export of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Bulgaria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Romania | 3.4 | 5.8 | 5.8 | 6.5 | 24.1% |
| Poland | 0.7 | 0.5 | 1.5 | 4.9 | 91.3% |
| Italy | 2.4 | 2.1 | 2.3 | 3.5 | 13.4% |
| Greece | 0.6 | 1.1 | 1.9 | 1.2 | 26.0% |
| Belgium | 1.0 | 2.6 | 3.3 | 1.2 | 6.3% |
| Hungary | 0.8 | 0.3 | 0.7 | 0.9 | 4.0% |
| Serbia | 3.1 | 2.6 | 1.9 | 0.8 | -36.3% |
| Netherlands | 0.8 | 0.1 | N/A | 0.5 | -14.5% |
| Czech Republic | 0.9 | N/A | 1.2 | 0.5 | -17.8% |
| Bosnia and Herzegovina | 0.7 | 1.0 | 0.4 | N/A | -24.4% |
| Croatia | 0.6 | 0.8 | 0.5 | N/A | -8.7% |
| Others | 1.6 | 1.0 | 1.6 | 1.4 | -4.4% |
| Total | 16.5 | 18.0 | 21.3 | 21.7 | 9.6% |
Top Export Markets for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc from Bulgaria in 2022:
- Romania (5.5K tons)
- Poland (3.9K tons)
- Italy (2.9K tons)
- Greece (1.0K tons)
- Belgium (0.9K tons)
- Hungary (0.8K tons)
- Serbia (0.6K tons)
- Netherlands (0.4K tons)
- Czech Republic (0.4K tons)
Imports of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Bulgaria
Imports of iron or non-alloy steel wire, plated or coated with zincs into Bulgaria soared to 5.1K tons in 2022, with an increase of 31% against 2021 figures. In general, total imports indicated a perceptible increase from 2019 to 2022: its volume increased at an average annual rate of +4.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +55.9% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of iron or non-alloy steel wire, plated or coated with zincs surged to $6.9M in 2022. Overall, imports showed buoyant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 64%. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Bulgaria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 1,322 | 939 | 1,893 | 3,620 | 39.9% |
| Albania | N/A | N/A | 331 | 619 | 87.0% |
| Germany | 432 | 326 | 378 | 493 | 4.5% |
| Czech Republic | 120 | 97.2 | 105 | 356 | 43.7% |
| Poland | 91.6 | 179 | 499 | 349 | 56.2% |
| Slovakia | 163 | 222 | 175 | 315 | 24.6% |
| Romania | 524 | 181 | 134 | 193 | -28.3% |
| Austria | 38.2 | 103 | 244 | 185 | 69.2% |
| Italy | 221 | 115 | 249 | 134 | -15.4% |
| North Macedonia | 24.5 | 16.3 | 98.6 | 96.1 | 57.7% |
| China | 137 | 121 | 75.7 | 87.8 | -13.8% |
| Ukraine | 599 | 530 | 132 | 77.9 | -49.3% |
| Spain | 90.8 | 125 | 537 | 51.1 | -17.4% |
| Others | 305 | 218 | 349 | 352 | 4.9% |
| Total | 4,070 | 3,172 | 5,201 | 6,929 | 19.4% |
Top Suppliers of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc to Bulgaria in 2022:
- Turkey (3234.5 tons)
- Albania (537.4 tons)
- Germany (179.2 tons)
- Poland (172.1 tons)
- Slovakia (166.2 tons)
- Czech Republic (163.2 tons)
- Romania (101.6 tons)
- North Macedonia (82.5 tons)
- Italy (69.3 tons)
- China (55.8 tons)
- Ukraine (45.5 tons)
- Austria (39.7 tons)
- Spain (23.8 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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This report provides an in-depth analysis of the market for iron and steel wire in Bulgaria.
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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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