Bulgaria’s steel trade booms in 2024 despite shrinking market value
Bulgaria’s flat-rolled steel market witnessed varied trends in 2024. While imports surged and exports soared, the overall market value dipped. Key trading partners such as Germany and Turkey played a significant role in driving these changes.
Imports of flat-rolled steel products into Bulgaria increased in 2024. The volume rose by X% to X tons, extending a steady growth trajectory seen since 2012. Germany, Slovakia, and Turkey remained the top suppliers, collectively accounting for a combined X% of total imports. However, the average import price fell by X% to $X per ton, reflecting substantial price disparities among supplying countries.
Exports from Bulgaria also climbed sharply. The volume jumped by X% to X tons, with export revenue reaching $X. Turkey emerged as the leading destination, capturing a X% share of total exports. Meanwhile, Germany stood out as the primary export market for Bulgarian flat-rolled steel products.
Despite these trade movements, the domestic market contracted. Total consumption had grown at an average annual rate of X% from 2012 to 2024, but the market value fell by X% in 2024, settling at $X.
The data underscores the contrasting developments in Bulgaria’s steel sector. Import volumes and export figures both rose, yet decreasing prices and a smaller market value indicated challenges. Trade relationships with Germany and Turkey remained pivotal to the country’s steel trade dynamics.
