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Bulgaria - Hot-Rolled Bars in Bearing Steels - Market Analysis, Forecast, Size, Trends and Insights
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View PricingBulgaria: Market for Hot-Rolled Bars In Bearing Steels 2024
Market Size for Hot-Rolled Bars In Bearing Steels in Bulgaria
In 2023, the Bulgarian hot-rolled bearing steel bar market decreased by X% to $X for the first time since 2020, thus ending a two-year rising trend. In general, consumption saw a pronounced setback. As a result, consumption reached the peak level of $X, and then shrank rapidly in the following year.
Production of Hot-Rolled Bars In Bearing Steels in Bulgaria
In value terms, hot-rolled bearing steel bar production declined to $X in 2023 estimated in export price. In general, production posted a buoyant expansion. The pace of growth was the most pronounced in 2014 with an increase of X%. Over the period under review, production attained the peak level at $X in 2018; however, from 2019 to 2023, production remained at a lower figure.
Exports of Hot-Rolled Bars In Bearing Steels
Exports from Bulgaria
In 2023, after two years of growth, there was decline in overseas shipments of hot-rolled bars in bearing steels, when their volume decreased by X% to X tons. Overall, exports, however, saw a significant increase. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2023, the exports stood at a somewhat lower figure.
In value terms, hot-rolled bearing steel bar exports fell markedly to $X in 2023. In general, exports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2022, and then fell rapidly in the following year.
Exports by Country
Romania (X tons) was the main destination for hot-rolled bearing steel bar exports from Bulgaria, with a X% share of total exports. Moreover, hot-rolled bearing steel bar exports to Romania exceeded the volume sent to the second major destination, Serbia (X tons), fourfold. Germany (X tons) ranked third in terms of total exports with a X% share.
From 2012 to 2023, the average annual rate of growth in terms of volume to Romania totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Serbia (X% per year) and Germany (X% per year).
In value terms, Romania ($X) remains the key foreign market for hot-rolled bars in bearing steels exports from Bulgaria, comprising X% of total exports. The second position in the ranking was held by Serbia ($X), with an X% share of total exports. It was followed by Germany, with an X% share.
From 2012 to 2023, the average annual growth rate of value to Romania amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Serbia (X% per year) and Germany (X% per year).
Export Prices by Country
In 2023, the average hot-rolled bearing steel bar export price amounted to $X per ton, with a decrease of X% against the previous year. Over the period under review, the export price, however, continues to indicate a notable increase. The pace of growth appeared the most rapid in 2022 an increase of X%. As a result, the export price attained the peak level of $X per ton, and then dropped in the following year.
Average prices varied somewhat for the major external markets. In 2023, amid the top suppliers, the countries with the highest prices were Poland ($X per ton) and Hungary ($X per ton), while the average price for exports to Turkey ($X per ton) and Serbia ($X per ton) were amongst the lowest.
From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Poland (X%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Hot-Rolled Bars In Bearing Steels
Imports into Bulgaria
In 2023, after two years of growth, there was significant decline in overseas purchases of hot-rolled bars in bearing steels, when their volume decreased by X% to X tons. In general, imports, however, recorded a noticeable expansion. The growth pace was the most rapid in 2022 when imports increased by X%. As a result, imports attained the peak of X tons, and then contracted notably in the following year.
In value terms, hot-rolled bearing steel bar imports contracted notably to $X in 2023. Over the period under review, imports, however, recorded a temperate expansion. The growth pace was the most rapid in 2022 when imports increased by X%. As a result, imports attained the peak of $X, and then reduced rapidly in the following year.
Imports by Country
China (X tons), Turkey (X tons) and Germany (X tons) were the main suppliers of hot-rolled bearing steel bar imports to Bulgaria, with a combined X% share of total imports. India, Romania, Ukraine, Poland and Sweden lagged somewhat behind, together accounting for a further X%.
From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.
In value terms, China ($X), Germany ($X) and Turkey ($X) appeared to be the largest hot-rolled bearing steel bar suppliers to Bulgaria, together comprising X% of total imports. Ukraine, India, Romania, Poland and Sweden lagged somewhat behind, together accounting for a further X%.
Among the main suppliers, India, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.
Import Prices by Country
The average hot-rolled bearing steel bar import price stood at $X per ton in 2023, picking up by X% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the average import price increased by X%. Over the period under review, average import prices reached the maximum in 2023 and is expected to retain growth in years to come.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Ukraine ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.
From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Ukraine (X%), while the prices for the other major suppliers experienced more modest paces of growth.
Source: IndexBox Platform
This report provides an in-depth analysis of the market for hot-rolled bearing steel bar in Bulgaria. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 24106630 - Hot-rolled bars in bearing steels
Country coverage:
- Bulgaria
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Bulgaria
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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