Bulgaria: Zinc Market 2024

Zinc Market Size in Bulgaria

In 2022, the Bulgarian zinc market increased by X% to $X, rising for the second year in a row after two years of decline. In general, consumption enjoyed a strong expansion. Zinc consumption peaked in 2022 and is likely to see steady growth in the immediate term.

Zinc Production in Bulgaria

In value terms, zinc production contracted modestly to $X in 2022 estimated in export price. Overall, production recorded buoyant growth. The pace of growth appeared the most rapid in 2016 when the production volume increased by X% against the previous year. Over the period under review, production attained the maximum level at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Zinc Exports

Exports from Bulgaria

In 2022, exports of unwrought zinc from Bulgaria shrank slightly to X tons, reducing by X% on the previous year. In general, exports, however, saw a modest increase. The most prominent rate of growth was recorded in 2016 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, zinc exports soared to $X in 2022. Overall, total exports indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in years to come.

Exports by Country

Turkey (X tons), Slovakia (X tons) and Greece (X tons) were the main destinations of zinc exports from Bulgaria, with a combined X% share of total exports. Austria, Romania, Serbia, North Macedonia and Italy lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Serbia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), Slovakia ($X) and Greece ($X) appeared to be the largest markets for zinc exported from Bulgaria worldwide, together accounting for X% of total exports. Austria, Romania, Serbia, North Macedonia and Italy lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, Serbia, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average zinc export price amounted to $X per ton, picking up by X% against the previous year. Over the period under review, export price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, zinc export price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2017 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the maximum in 2022 and is expected to retain growth in years to come.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Romania ($X per ton) and North Macedonia ($X per ton), while the average price for exports to Serbia ($X per ton) and Slovakia ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Austria (X%), while the prices for the other major destinations experienced more modest paces of growth.

Zinc Imports

Imports into Bulgaria

In 2022, overseas purchases of unwrought zinc decreased by X% to X tons, falling for the second year in a row after two years of growth. Over the period under review, imports continue to indicate a deep setback. The growth pace was the most rapid in 2014 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons. From 2015 to 2022, the growth of imports failed to regain momentum.

In value terms, zinc imports reduced remarkably to $X in 2022. In general, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of X%. As a result, imports reached the peak of $X. From 2018 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Spain (X tons), Germany (X tons) and Italy (X tons) were the main suppliers of zinc imports to Bulgaria, together accounting for X% of total imports.

From 2012 to 2022, the biggest increases were recorded for Germany (with a CAGR of X%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest zinc suppliers to Bulgaria were Spain ($X), Germany ($X) and Italy ($X), with a combined X% share of total imports.

Among the main suppliers, Germany, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average zinc import price stood at $X per ton in 2022, increasing by X% against the previous year. Over the period under review, import price indicated a buoyant expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, zinc import price increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 an increase of X%. The import price peaked in 2022 and is expected to retain growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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