Price for Non-Electric Iron or Steel Central Heating Radiator Other than of Cast Iron in Bulgaria - 2023

Contents:

  1. Price for Non-Electric Iron or Steel Central Heating Radiator Other than of Cast Iron in Bulgaria (FOB) - 2023
  2. Price for Non-Electric Iron or Steel Central Heating Radiator Other than of Cast Iron in Bulgaria (CIF) - 2022
  3. Exports of Non-Electric Iron or Steel Central Heating Radiator Other than of Cast Iron in Bulgaria
  4. Imports of Non-Electric Iron or Steel Central Heating Radiator Other than of Cast Iron in Bulgaria

Price for Non-Electric Iron or Steel Central Heating Radiator Other than of Cast Iron in Bulgaria (FOB) - 2023

In November 2023, the average export price for non-electric iron or steel central heating radiators other than of cast iron amounted to $2.3 per unit, picking up by 2.8% against the previous month. Over the period under review, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in August 2023 when the average export price increased by 13% against the previous month. As a result, the export price reached the peak level of $2.3 per unit; afterwards, it flattened through to November 2023.

Prices varied noticeably by the country of destination: the country with the highest price was Armenia ($10.0 per unit), while the average price for exports to Ukraine ($2.4 per unit) was amongst the lowest.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Bosnia and Herzegovina (+1.7%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Non-Electric Iron or Steel Central Heating Radiator Other than of Cast Iron in Bulgaria (CIF) - 2022

The average import price for non-electric iron or steel central heating radiators other than of cast iron stood at $1.6 per unit in 2022, increasing by 12% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.2%. The growth pace was the most rapid in 2021 when the average import price increased by 25%. Over the period under review, average import prices reached the maximum in 2022 and is likely to see steady growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Czech Republic ($4.4 per unit), while the price for Iran ($1.1 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+8.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Non-Electric Iron or Steel Central Heating Radiator Other than of Cast Iron in Bulgaria

In 2022, exports of non-electric iron or steel central heating radiators other than of cast iron from Bulgaria fell notably to 14M units, with a decrease of -24.6% on 2021. Over the period under review, exports saw a deep slump. The most prominent rate of growth was recorded in 2021 when exports increased by 16%. As a result, the exports attained the peak of 19M units, and then reduced dramatically in the following year.

In value terms, exports of non-electric iron or steel central heating radiators other than of cast iron shrank to $29M in 2022. The total export value increased at an average annual rate of +5.1% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when exports increased by 44%. As a result, the exports reached the peak of $33M, and then contracted in the following year.

Export of Non-Electric Iron or Steel Central Heating Radiator Other than of Cast Iron in Bulgaria (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Czech Republic15.516.024.523.615.0%
Romania3.43.02.21.3-27.4%
Hungary2.11.02.21.3-14.8%
Greece0.20.61.00.965.1%
Ukraine2.42.02.30.7-33.7%
KosovoN/AN/A0.20.4100.0%
Others1.60.30.61.2-9.1%
Total25.223.033.129.35.2%

Top Export Markets for Non-Electric Iron or Steel Central Heating Radiator Other than of Cast Iron from Bulgaria in 2022:

  1. Czech Republic (11.7M units)
  2. Romania (0.6M units)
  3. Hungary (0.6M units)
  4. Greece (0.4M units)
  5. Ukraine (0.3M units)
  6. Kosovo (0.3M units)

Imports of Non-Electric Iron or Steel Central Heating Radiator Other than of Cast Iron in Bulgaria

In 2022, supplies from abroad of non-electric iron or steel central heating radiators other than of cast iron decreased by -40.2% to 4.7M units for the first time since 2018, thus ending a three-year rising trend. Overall, imports continue to indicate a deep setback. The most prominent rate of growth was recorded in 2021 with an increase of 20% against the previous year. As a result, imports attained the peak of 7.8M units, and then shrank significantly in the following year.

In value terms, imports of non-electric iron or steel central heating radiators other than of cast iron contracted dramatically to $7.6M in 2022. Over the period under review, total imports indicated a moderate expansion from 2019 to 2022: its value increased at an average annual rate of +2.9% 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 +9.0% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 49%. As a result, imports reached the peak of $11M, and then reduced dramatically in the following year.

Import of Non-Electric Iron or Steel Central Heating Radiator Other than of Cast Iron in Bulgaria (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Turkey4.95.17.44.3-4.3%
Iran0.40.61.31.140.1%
Italy0.60.80.90.75.3%
Czech Republic0.60.50.80.60.0%
Germany0.20.30.60.535.7%
Romania0.10.10.10.10.0%
Others0.20.20.30.20.0%
Total6.97.511.37.63.3%

Top Suppliers of Non-Electric Iron or Steel Central Heating Radiator Other than of Cast Iron to Bulgaria in 2022:

  1. Turkey (3083.7K units)
  2. Iran (999.3K units)
  3. Italy (192.5K units)
  4. Czech Republic (135.7K units)
  5. Germany (120.3K units)
  6. Romania (73.0K units)

Source: IndexBox Market Intelligence Platform

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