Bulgaria - Aluminum (Unwrought, Not Alloyed) - Market Analysis, Forecast, Size, Trends And Insights
Report Update: Apr 1, 2024

Bulgaria - Aluminum (Unwrought, Not Alloyed) - Market Analysis, Forecast, Size, Trends And Insights

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Aluminium Price in Bulgaria - 2023

Contents:

  1. Aluminium Price in Bulgaria (CIF) - 2023
  2. Aluminium Price in Bulgaria (FOB) - 2023
  3. Aluminium Imports in Bulgaria
  4. Aluminium Exports in Bulgaria

Aluminium Price in Bulgaria (CIF) - 2023

In June 2023, the average aluminium import price amounted to $2,577 per ton, declining by -2.6% against the previous month. Over the period under review, the import price showed a slight curtailment. The most prominent rate of growth was recorded in August 2022 when the average import price increased by 11% month-to-month. Over the period under review, average import prices reached the peak figure at $3,215 per ton in June 2022; however, from July 2022 to June 2023, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In June 2023, the country with the highest price was Bahrain ($2,635 per ton), while the price for Turkey ($2,552 per ton) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Bahrain (0.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Aluminium Price in Bulgaria (FOB) - 2023

In April 2023, the average aluminium export price amounted to $2,843 per ton, waning by -2.3% against the previous month. Overall, the export price continues to indicate a pronounced slump. The pace of growth appeared the most rapid in December 2022 when the average export price increased by 49% m-o-m. Over the period under review, the average export prices hit record highs at $4,776 per ton in June 2022; however, from July 2022 to April 2023, the export prices remained at a lower figure.

Average prices varied noticeably for the major overseas markets. In April 2023, the country with the highest price was Romania ($2,855 per ton), while the average price for exports to Hungary amounted to $2,832 per ton.

From May 2022 to April 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (0.0%), while the prices for the other major destinations experienced mixed trend patterns.

Aluminium Imports in Bulgaria

In 2022, overseas purchases of aluminum (unwrought, not alloyed) decreased by -3.5% to 63K tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +4.4% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The pace of growth was the most pronounced in 2021 with an increase of 15%. As a result, imports attained the peak of 65K tons, and then fell modestly in the following year.

In value terms, aluminium imports skyrocketed to $194M in 2022. Overall, imports, however, continue to indicate a significant increase. The pace of growth appeared the most rapid in 2021 when imports increased by 64% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in years to come.

Import of Aluminium in Bulgaria (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Russia87.688.511912913.8%
South KoreaN/AN/AN/A23.60%
Turkey0.80.50.619.1187.9%
KazakhstanN/AN/AN/A16.30%
South Africa12.6N/AN/AN/A0%
Saudi ArabiaN/AN/A12.3N/A0%
Others5.213.235.85.30.6%
Total10610216819422.3%

Top Suppliers of Aluminium to Bulgaria in 2022:

  1. Russia (40.4K tons)
  2. South Korea (8.2K tons)
  3. Turkey (7.4K tons)
  4. Kazakhstan (5.0K tons)

Aluminium Exports in Bulgaria

In 2022, shipments abroad of aluminum (unwrought, not alloyed) decreased by 0% to 4.8K tons for the first time since 2019, thus ending a two-year declining trend. In general, exports posted significant growth. The smallest decline of 99.9% was in 2020. The exports peaked in 2022 and are likely to continue growth in years to come.

In value terms, aluminium exports totaled $15M in 2022. Overall, exports saw a significant expansion. The smallest decline of 99.9% was in 2020. Over the period under review, the exports attained the peak figure in 2022 and are likely to see steady growth in the immediate term.

Export of Aluminium in Bulgaria (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
RomaniaN/AN/AN/A14.30%
GermanyN/AN/AN/A0.60%
OthersN/AN/AN/AN/A0%
TotalN/AN/AN/A14.90%

Top Export Markets for Aluminium from Bulgaria in 2022:

  1. Romania (4.5K tons)
  2. Germany (0.2K tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the aluminium 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 2030.

Product coverage:

  • Prodcom 24421130 - Unwrought non-alloy aluminium (excluding powders and flakes)

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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS
  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030
  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT
  5. 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
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES
  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS
  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023
  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023
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