Copper; Master Alloys Price in Bulgaria - 2023

Contents:

1. Copper; Master Alloys Price in Bulgaria (CIF) - 2022
2. Copper; Master Alloys Price in Bulgaria (FOB) - 2022
3. Copper; Master Alloys Imports in Bulgaria
4. Copper; Master Alloys Exports in Bulgaria

Copper; Master Alloys Price in Bulgaria (CIF) - 2022

The average copper; master alloys import price stood at $9,289 per ton in 2022, increasing by 3.2% against the previous year. Overall, import price indicated a slight expansion from 2012 to 2022: its price increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, copper; master alloys import price increased by +35.5% against 2019 indices. The pace of growth was the most pronounced in 2021 when the average import price increased by 29%. The import price peaked in 2022 and is likely to continue growth in the near future.

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 France ($15,081 per ton), while the price for Belgium ($8,030 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+26.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Copper; Master Alloys Price in Bulgaria (FOB) - 2022

In 2022, the average copper; master alloys export price amounted to $40,754 per ton, picking up by 9.3% against the previous year. In general, the export price showed a strong expansion. The pace of growth was the most pronounced in 2021 an increase of 181% against the previous year. The export price peaked in 2022 and is likely to see steady growth in years to come.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Armenia ($66,337 per ton), while the average price for exports to Greece totaled $27,284 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Armenia (+40.9%).

Copper; Master Alloys Imports in Bulgaria

Copper; master alloys imports into Bulgaria declined markedly to 300 tons in 2022, which is down by -26% on 2021 figures. In general, imports, however, posted a buoyant increase. The pace of growth was the most pronounced in 2021 when imports increased by 114% against the previous year. As a result, imports reached the peak of 406 tons, and then shrank notably in the following year.

In value terms, copper; master alloys imports dropped markedly to $2.8M in 2022. Over the period under review, imports, however, continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 176%. As a result, imports attained the peak of $3.7M, and then dropped dramatically in the following year.

Top Suppliers of Copper; Master Alloys to Bulgaria in 2022:

1. Netherlands (179.2 tons)
2. South Korea (44.0 tons)
3. Japan (30.0 tons)
4. Belgium (23.0 tons)
5. Poland (12.5 tons)
6. France (11.7 tons)

Copper; Master Alloys Exports in Bulgaria

For the third year in a row, Bulgaria recorded decline in shipments abroad of copper; master alloyses, which decreased by -4.4% to 1.5 tons in 2022. Overall, exports continue to indicate a significant contraction. The smallest decline of -2.9% was in 2021.

In value terms, copper; master alloys exports expanded modestly to $62K in 2022. Over the period under review, exports saw a sharp shrinkage. The growth pace was the most rapid in 2021 when exports increased by 173%.

Top Export Markets for Copper; Master Alloys from Bulgaria in 2022:

1. Greece (999.0 kg)
2. Armenia (526.0 kg)

Source: IndexBox Market Intelligence Platform