Price for Nickel; Tube and Pipe Fittings in Bulgaria - 2023

Contents:

1. Price for Nickel; Tube and Pipe Fittings in Bulgaria (CIF) - 2022
2. Price for Nickel; Tube and Pipe Fittings in Bulgaria (FOB) - 2022
3. Imports of Nickel; Tube and Pipe Fittings in Bulgaria
4. Exports of Nickel; Tube and Pipe Fittings in Bulgaria

Price for Nickel; Tube and Pipe Fittings in Bulgaria (CIF) - 2022

In 2022, the average import price for nickel; tube and pipe fittingses amounted to $18,667 per ton, surging by 18% against the previous year. Overall, the import price, however, showed a abrupt downturn. The pace of growth was the most pronounced in 2017 an increase of 73% against the previous year. Over the period under review, average import prices attained the peak figure at $65,586 per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($141,962 per ton), while the price for the Czech Republic ($17,193 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+22.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Nickel; Tube and Pipe Fittings in Bulgaria (FOB) - 2022

In 2022, the average export price for nickel; tube and pipe fittingses amounted to $14,692 per ton, remaining relatively unchanged against the previous year. Overall, the export price continues to indicate a slight increase. The pace of growth was the most pronounced in 2017 an increase of 989%. As a result, the export price attained the peak level of $147,456 per ton. From 2018 to 2022, the average export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Georgia.

From 2016 to 2022, the rate of growth in terms of prices for Romania amounted to +13,055.7% per year.

Imports of Nickel; Tube and Pipe Fittings in Bulgaria

In 2022, approx. 3.3 tons of nickel; tube and pipe fittingses were imported into Bulgaria; which is down by -12.7% against 2021 figures. Over the period under review, total imports indicated a pronounced increase from 2019 to 2022: its volume increased at an average annual rate of +4.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +32.0% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 51% against the previous year. As a result, imports reached the peak of 3.8 tons, and then declined in the following year.

In value terms, nickel; tube and pipe fittings imports reached $62K in 2022. Overall, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +15.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +55.1% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 50%. Imports peaked in 2022 and are expected to retain growth in years to come.

Top Suppliers of Nickel; Tube and Pipe Fittings to Bulgaria in 2022:

1. Czech Republic (2866.0 kg)
2. France (283.0 kg)
3. Italy (105.0 kg)
4. Germany (26.0 kg)

Exports of Nickel; Tube and Pipe Fittings in Bulgaria

For the third consecutive year, Bulgaria recorded decline in overseas shipments of nickel; tube and pipe fittingses, which decreased by 0% to 3 tons in 2022. In general, exports saw a significant expansion. The smallest decline of -57.1% was in 2020. Over the period under review, the exports reached the peak figure in 2022 and are likely to see gradual growth in the immediate term.

In value terms, nickel; tube and pipe fittings exports totaled $44K in 2022. Overall, exports posted a significant expansion. The smallest decline of -62.9% was in 2020. The exports peaked in 2022 and are expected to retain growth in years to come.

Top Export Markets for Nickel; Tube and Pipe Fittings from Bulgaria in 2022:

1. Georgia (3.0 tons)

Source: IndexBox Market Intelligence Platform