Price for Powders of Pig Iron in Bulgaria - 2023

Price for Powders of Pig Iron in Bulgaria (CIF) - 2022

The average powders of pig iron import price stood at $4,050 per ton in 2022, waning by -29.3% against the previous year. In general, the import price, however, showed a resilient increase. The pace of growth was the most pronounced in 2020 when the average import price increased by 187% against the previous year. As a result, import price reached the peak level of $6,520 per ton. From 2021 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($15,114 per ton), while the price for India ($1,002 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+17.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Powders of Pig Iron in Bulgaria (FOB) - 2022

In 2022, the average powders of pig iron export price amounted to $28,241 per ton, remaining relatively unchanged against the previous year. In general, the export price, however, posted strong growth. The growth pace was the most rapid in 2021 an increase of 407%. Over the period under review, the average export prices reached the maximum at $388,989 per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($38,144 per ton), while the average price for exports to Romania ($5,936 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 Italy (+7.5%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Powders of Pig Iron in Bulgaria

In 2022, powders of pig iron imports into Bulgaria surged to 127 tons, increasing by 214% on the year before. Overall, imports showed strong growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, powders of pig iron imports skyrocketed to $515K in 2022. In general, imports continue to indicate significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Powders of Pig Iron in Bulgaria (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Hungary	N/A	N/A	N/A	185	0%
Germany	64.4	110	144	151	32.9%
China	9.5	0.3	6.2	39.6	60.9%
United States	26.8	N/A	34.5	32.0	6.1%
Sweden	16.2	N/A	N/A	30.8	23.9%
Romania	51.0	6.1	12.8	15.1	-33.3%
Austria	10.5	N/A	N/A	12.3	5.4%
India	8.5	4.9	13.2	11.8	11.6%
Ukraine	2.6	N/A	N/A	11.4	63.7%
Others	13.7	14.2	21.3	25.2	22.5%
Total	203	136	232	515	36.4%

Top Suppliers of Powders of Pig Iron to Bulgaria in 2022:

Hungary (42.0 tons)
China (21.8 tons)
Sweden (12.2 tons)
India (11.8 tons)
Ukraine (10.0 tons)
Germany (10.0 tons)
Austria (9.1 tons)
United States (4.5 tons)
Romania (2.4 tons)

Exports of Powders of Pig Iron in Bulgaria

In 2022, approx. 555 kg of powders of pig ira were exported from Bulgaria; shrinking by -49.3% against 2021 figures. Over the period under review, exports recorded a precipitous descent. The growth pace was the most rapid in 2021 with an increase of 2,230% against the previous year.

In value terms, powders of pig iron exports contracted notably to $16K in 2022. Overall, exports faced a sharp downturn. The pace of growth was the most pronounced in 2021 when exports increased by 11,724% against the previous year.

Export of Powders of Pig Iron in Bulgaria (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Greece	51.1	N/A	N/A	6.2	-50.5%
Italy	82.3	N/A	N/A	5.2	-60.2%
Turkey	1.0	N/A	30.8	1.7	19.3%
Georgia	N/A	N/A	N/A	1.1	0%
United States	N/A	N/A	N/A	0.3	0%
Romania	0.2	0.3	0.3	N/A	22.5%
Others	8.7	N/A	N/A	1.2	-48.3%
Total	143	0.3	31.1	15.7	-52.1%