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Bulgaria - Iron Ores - Market Analysis, Forecast, Size, Trends and Insights
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Iron Ore Market Size in Bulgaria
In 2019, the Bulgarian iron ore market increased by X% to $X, rising for the fourth year in a row after two years of decline. In general, consumption, however, saw a sharp curtailment. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Iron ore consumption peaked at $X in 2008; however, from 2009 to 2019, consumption remained at a lower figure.
Iron Ore Production in Bulgaria
In value terms, iron ore production fell modestly to $X in 2019 estimated in export prices. In general, production continues to indicate a abrupt decrease. The pace of growth was the most pronounced in 2017 when the production volume increased by X% year-to-year. Iron ore production peaked at $X in 2009; however, from 2010 to 2019, production remained at a lower figure.
Iron Ore Exports
Exports from Bulgaria
In 2019, approx. X tons of iron ores were exported from Bulgaria; falling by -X% compared with 2018 figures. In general, exports, however, showed a strong expansion. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, exports reached the peak figure at X tons in 2015; however, from 2016 to 2019, exports failed to regain the momentum.
In value terms, iron ore exports contracted to $X in 2019. Over the period under review, exports, however, continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. Over the period under review, exports reached the peak figure at $X in 2007; however, from 2008 to 2019, exports stood at a somewhat lower figure.
Exports by Country
Slovakia (X tons) was the main destination for iron ore exports from Bulgaria, accounting for a X% share of total exports. Moreover, iron ore exports to Slovakia exceeded the volume sent to the second major destination, Hungary (X tons), sevenfold.
From 2007 to 2019, the average annual rate of growth in terms of volume to Slovakia amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (+X% per year) and the Czech Republic (+X% per year).
In value terms, Slovakia ($X) remains the key foreign market for iron ore exports from Bulgaria, comprising X% of total exports. The second position in the ranking was occupied by Hungary ($X), with a X% share of total exports.
From 2007 to 2019, the average annual rate of growth in terms of value to Slovakia stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (-X% per year) and the Czech Republic (+X% per year).
Export Prices by Country
The average iron ore export price stood at $X per ton in 2019, picking up by X% against the previous year. Overall, the export price, however, continues to indicate a abrupt descent. The pace of growth appeared the most rapid in 2017 when the average export price increased by X% against the previous year. Over the period under review, average export prices hit record highs at $X per ton in 2007; however, from 2008 to 2019, export prices stood at a somewhat lower figure.
Average prices varied noticeably for the major overseas markets. In 2019, the country with the highest price was Hungary ($X per ton), while the average price for exports to Slovakia ($X per ton) was amongst the lowest.
From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to the Czech Republic, while the prices for the other major destinations experienced a decline.
Iron Ore Imports
Imports into Bulgaria
Iron ore imports into Bulgaria contracted to X tons in 2019, reducing by -X% on the year before. Over the period under review, imports saw a sharp shrinkage. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Imports peaked at X tons in 2007; however, from 2008 to 2019, imports failed to regain the momentum.
In value terms, iron ore imports reduced to $X in 2019. Overall, imports recorded a dramatic setback. The pace of growth appeared the most rapid in 2017 with an increase of X% y-o-y. Over the period under review, imports reached the peak figure at $X in 2007; however, from 2008 to 2019, imports remained at a lower figure.
Imports by Country
In 2019, Serbia (X tons) constituted the largest supplier of iron ore to Bulgaria, with a X% share of total imports. Moreover, iron ore imports from Serbia exceeded the figures recorded by the second-largest supplier, Romania (X tons), threefold. The third position in this ranking was occupied by Ukraine (X tons), with a X% share.
From 2007 to 2019, the average annual rate of growth in terms of volume from Serbia amounted to -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Romania (-X% per year) and Ukraine (-X% per year).
In value terms, the largest iron ore suppliers to Bulgaria were Romania ($X), Serbia ($X) and Ukraine ($X), with a combined X% share of total imports. These countries were followed by Russia, which accounted for a further X saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced a decline.
Import Prices by Country
The average iron ore import price stood at $X per ton in 2019, remaining constant against the previous year. In general, the import price saw a abrupt slump. The growth pace was the most rapid in 2013 an increase of X% against the previous year. The import price peaked at $X per ton in 2007; however, from 2008 to 2019, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2019, the country with the highest price was Romania ($X per ton), while the price for Serbia ($X per ton) was amongst the lowest.
From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Romania, while the prices for the other major suppliers experienced mixed trend patterns.
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Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the iron ore market 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 2025.
Product coverage:
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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