Price for Iron and Non-Alloy Steel in Ingot in Bulgaria - 2023
Contents:
- Price for Iron and Non-Alloy Steel in Ingot in Bulgaria (CIF) - 2022
- Price for Iron and Non-Alloy Steel in Ingot in Bulgaria (FOB) - 2022
- Imports of Iron and Non-Alloy Steel in Ingot in Bulgaria
- Exports of Iron and Non-Alloy Steel in Ingot in Bulgaria
Price for Iron and Non-Alloy Steel in Ingot in Bulgaria (CIF) - 2022
The average import price for iron and non-alloy steel in ingots stood at $2,657 per ton in 2022, increasing by 28% against the previous year. In general, the import price posted a prominent increase. The most prominent rate of growth was recorded in 2014 an increase of 128%. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain growth in the near future.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Turkey ($3,655 per ton), while the price for Germany stood at $2,586 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Greece (+21.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Iron and Non-Alloy Steel in Ingot in Bulgaria (FOB) - 2022
In 2022, the average export price for iron and non-alloy steel in ingots amounted to $39 per ton, reducing by -91.8% against the previous year. In general, the export price showed a dramatic contraction. The pace of growth appeared the most rapid in 2019 an increase of 31% against the previous year. As a result, the export price attained the peak level of $1,114 per ton. From 2020 to 2022, the average export prices remained at a somewhat lower figure.
Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($542 per ton), while the average price for exports to Greece totaled $409 per ton.
From 2015 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Greece (-12.1%).
Imports of Iron and Non-Alloy Steel in Ingot in Bulgaria
In 2022, supplies from abroad of iron and non-alloy steel in ingots decreased by -63.2% to 25 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, saw a significant increase. The growth pace was the most rapid in 2021 when imports increased by 194%. As a result, imports reached the peak of 67 tons, and then declined sharply in the following year.
In value terms, imports of iron and non-alloy steel in ingots declined sharply to $65K in 2022. Overall, imports, however, showed a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 264% against the previous year.
| Import of Iron and Non-Alloy Steel in Ingot in Bulgaria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | N/A | N/A | 53.9 | 61.4 | 13.9% |
| Turkey | 14.3 | 7.2 | 1.0 | 2.7 | -42.6% |
| Spain | N/A | 9.5 | N/A | N/A | 0% |
| Czech Republic | N/A | 23.6 | 72.8 | N/A | 208.5% |
| Romania | N/A | 11.3 | 9.6 | N/A | -15.0% |
| Others | 0.8 | 3.3 | 0.7 | 1.1 | 11.2% |
| Total | 15.1 | 54.9 | 138 | 65.2 | 62.8% |
Top Suppliers of Iron and Non-Alloy Steel in Ingot to Bulgaria in 2022:
- Germany (23.8 tons)
- Turkey (0.7 tons)
Exports of Iron and Non-Alloy Steel in Ingot in Bulgaria
Exports of iron and non-alloy steel in ingots from Bulgaria stood at 177 tons in 2022, with an increase of 9.2% against 2021. In general, exports continue to indicate significant growth. The pace of growth was the most pronounced in 2021 when exports increased by 977% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are likely to see gradual growth in the immediate term.
In value terms, exports of iron and non-alloy steel in ingots fell remarkably to $6.8K in 2022. Overall, exports, however, saw a sharp decline. The growth pace was the most rapid in 2021 with an increase of 633% against the previous year.
| Export of Iron and Non-Alloy Steel in Ingot in Bulgaria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Greece | 24.9 | 10.3 | 67.1 | 6.4 | -36.4% |
| Germany | N/A | N/A | N/A | 0.4 | 0% |
| North Macedonia | 18.8 | N/A | N/A | N/A | 0% |
| Italy | 44.6 | N/A | 8.7 | N/A | -55.8% |
| Others | 0.3 | N/A | N/A | N/A | 0% |
| Total | 88.6 | 10.3 | 75.9 | 6.8 | -57.5% |
Top Export Markets for Iron and Non-Alloy Steel in Ingot from Bulgaria in 2022:
- Greece (15.6 tons)
- Germany (0.7 tons)
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