Price for Stainless Steel Bars and Rods, Angles, Shapes and Sections in Bulgaria - 2023

Contents:

1. Price for Stainless Steel Bars and Rods, Angles, Shapes and Sections in Bulgaria (CIF) - 2023
2. Price for Stainless Steel Bars and Rods, Angles, Shapes and Sections in Bulgaria (FOB) - 2022
3. Imports of Stainless Steel Bars and Rods, Angles, Shapes and Sections in Bulgaria
4. Exports of Stainless Steel Bars and Rods, Angles, Shapes and Sections in Bulgaria

Price for Stainless Steel Bars and Rods, Angles, Shapes and Sections in Bulgaria (CIF) - 2023

In October 2023, the average import price for stainless steel bars and rods, angles, shapes and sectionses amounted to $3,442 per ton, falling by -41% against the previous month. In general, the import price continues to indicate a perceptible downturn. The most prominent rate of growth was recorded in May 2023 when the average import price increased by 28% month-to-month. Over the period under review, average import prices attained the peak figure at $6,128 per ton in November 2022; however, from December 2022 to October 2023, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In October 2023, the country with the highest price was Turkey ($4,220 per ton), while the price for India totaled $3,374 per ton.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Italy (+3.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Stainless Steel Bars and Rods, Angles, Shapes and Sections in Bulgaria (FOB) - 2022

The average export price for stainless steel bars and rods, angles, shapes and sectionses stood at $4,850 per ton in 2022, increasing by 69% against the previous year. Overall, export price indicated a prominent expansion from 2012 to 2022: its price increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 an increase of 112%. As a result, the export price attained the peak level of $4,904 per ton. From 2018 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($5,586 per ton), while the average price for exports to Italy ($2,480 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 Croatia (+11.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Stainless Steel Bars and Rods, Angles, Shapes and Sections in Bulgaria

In 2022, the amount of stainless steel bars and rods, angles, shapes and sectionses imported into Bulgaria contracted to 4.1K tons, declining by -6% compared with the previous year's figure. The total import volume increased at an average annual rate of +2.2% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The growth pace was the most rapid in 2021 when imports increased by 14% against the previous year. As a result, imports attained the peak of 4.4K tons, and then fell in the following year.

In value terms, imports of stainless steel bars and rods, angles, shapes and sectionses surged to $22M in 2022. Over the period under review, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +16.6% 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 +72.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 49% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Top Suppliers of Stainless Steel Bars and Rods, Angles, Shapes and Sections to Bulgaria in 2022:

1. Germany (1217.3 tons)
2. India (892.3 tons)
3. Italy (765.4 tons)
4. Turkey (564.7 tons)
5. Austria (212.7 tons)
6. Poland (154.3 tons)
7. Netherlands (106.0 tons)

Exports of Stainless Steel Bars and Rods, Angles, Shapes and Sections in Bulgaria

In 2022, exports of stainless steel bars and rods, angles, shapes and sectionses from Bulgaria reduced markedly to 783 tons, waning by -28.4% compared with the year before. Over the period under review, total exports indicated a temperate expansion from 2019 to 2022: its volume increased at an average annual rate of +3.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +15.2% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 61%. As a result, the exports attained the peak of 1.1K tons, and then declined sharply in the following year.

In value terms, exports of stainless steel bars and rods, angles, shapes and sectionses soared to $3.8M in 2022. In general, exports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 60% against the previous year. Over the period under review, the exports of attained the peak figure in 2022 and are expected to retain growth in the near future.

Top Export Markets for Stainless Steel Bars and Rods, Angles, Shapes and Sections from Bulgaria in 2022:

1. Romania (426.3 tons)
2. Germany (82.3 tons)
3. Austria (59.1 tons)
4. Slovenia (48.6 tons)
5. Croatia (38.9 tons)
6. North Macedonia (32.5 tons)
7. Italy (26.7 tons)
8. Greece (20.8 tons)
9. Serbia (19.4 tons)

Source: IndexBox Market Intelligence Platform