Bulgaria - Ferro-Chromium - Market Analysis, Forecast, Size, Trends And Insights
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View PricingFerro-Chromium Price in Bulgaria - 2023
Contents:
- Ferro-Chromium Price in Bulgaria (CIF) - 2023
- Ferro-Chromium Price in Bulgaria (FOB) - 2022
- Ferro-Chromium Imports in Bulgaria
- Ferro-Chromium Exports in Bulgaria
Ferro-Chromium Price in Bulgaria (CIF) - 2023
The average ferro-chromium import price stood at $1,781 per ton in July 2023, which is down by -7.9% against the previous month. In general, the import price recorded a abrupt descent. The most prominent rate of growth was recorded in January 2023 when the average import price increased by 77% against the previous month. Over the period under review, average import prices hit record highs at $4,841 per ton in March 2023; however, from April 2023 to July 2023, import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for Finland.
From July 2022 to July 2023, the rate of growth in terms of prices for Slovakia amounted to +5.9% per month.
Ferro-Chromium Price in Bulgaria (FOB) - 2022
In 2022, the average ferro-chromium export price amounted to $4,131 per ton, increasing by 52% against the previous year. In general, export price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, ferro-chromium export price increased by +53.9% against 2020 indices. The pace of growth was the most pronounced in 2014 an increase of 66% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is likely to see gradual growth in the immediate term.
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 Romania ($6,229 per ton), while the average price for exports to the Netherlands ($1,207 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 Romania (+19.5%).
Ferro-Chromium Imports in Bulgaria
In 2022, the amount of ferro-chromium imported into Bulgaria soared to 1.2K tons, rising by 140% compared with the previous year. Over the period under review, imports recorded a resilient expansion. The pace of growth was the most pronounced in 2021 when imports increased by 228%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.
In value terms, ferro-chromium imports soared to $1.6M in 2022. Overall, imports saw moderate growth. The most prominent rate of growth was recorded in 2021 with an increase of 181%. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Ferro-Chromium in Bulgaria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 208 | 43.5 | 34.5 | 348 | 18.7% |
| Slovakia | N/A | N/A | N/A | 311 | 0% |
| Italy | 180 | N/A | 181 | 189 | 1.6% |
| Finland | N/A | N/A | 117 | 143 | 22.2% |
| Czech Republic | 108 | 75.1 | 93.0 | 132 | 6.9% |
| Turkey | 423 | 169 | 134 | 131 | -32.3% |
| Poland | 36.9 | 22.9 | 100 | 106 | 42.2% |
| India | 239 | N/A | 22.0 | 0.6 | -86.4% |
| China | 136 | N/A | N/A | N/A | 0% |
| Others | 160 | 11.4 | 225 | 244 | 15.1% |
| Total | 1,490 | 322 | 906 | 1,605 | 2.5% |
Top Suppliers of Ferro-Chromium to Bulgaria in 2022:
- Finland (605.4 tons)
- Italy (231.2 tons)
- Slovakia (125.9 tons)
- Netherlands (115.4 tons)
- Poland (36.4 tons)
- Turkey (26.3 tons)
- Czech Republic (21.5 tons)
- India (4.1 tons)
Ferro-Chromium Exports in Bulgaria
In 2022, ferro-chromium exports from Bulgaria soared to 11 tons, picking up by 193% against 2021. In general, exports continue to indicate significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, ferro-chromium exports soared to $47K in 2022. Overall, exports enjoyed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Ferro-Chromium in Bulgaria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Romania | N/A | N/A | N/A | 31.7 | 0% |
| France | N/A | N/A | N/A | 9.8 | 0% |
| Netherlands | N/A | 9.4 | 10.5 | 5.2 | -25.6% |
| Montenegro | 11.5 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 11.5 | 9.4 | 10.5 | 46.7 | 59.5% |
Top Export Markets for Ferro-Chromium from Bulgaria in 2022:
- Romania (5.1 tons)
- Netherlands (4.3 tons)
- France (1.9 tons)
This report provides an in-depth analysis of the ferro-chromium 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:
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
383
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