Iron or steel reservoirs and tanks with capacity >300 l market in Bulgaria

Earlier Report Observations

The Bulgarian market for iron or steel reservoirs and tanks with capacity over 300 l showed significant volatility from 2018 to 2023. Consumption peaked at 10 199 t in 2019, rising from 9 090 t the previous year, before falling sharply to 6 110 t in 2020. After a partial recovery to 7 425 t in 2022, market volume contracted again to 5 396 t in 2023.

In 2024, the market reversed its four-year downward trend, entering a recovery phase with its value reaching $47 million. This upturn followed a period of markedly lower consumption after the 2019 peak.

Production iron or steel reservoirs and tanks with capacity >300 l in Bulgaria

In value, 2017-2020, K $ US

Bulgaria's production of iron or steel reservoirs and tanks with a capacity exceeding 300 liters declined for the third consecutive year. In 2020, output was valued at 35 629 thousand US dollars, marking a significant decrease of 16.5% compared to 2019. Over the period from 2017 to 2020, production fell by 20.5%, which translates to an annualized decline rate of 7.4%.

Annual dynamics of production in Bulgaria in value, 2017-2020, K $ US

In kind, 2017-2020, t

Bulgaria's production volume of iron or steel reservoirs and tanks with a capacity exceeding 300 liters declined for the third year in a row. In 2020, the country produced 9 338 tons, representing a drop of 16.7% from the previous year. From 2017 to 2020, production decreased by 28.5%, with a compound annual growth rate of -10.6%.

Annual dynamics of production in Bulgaria in kind, 2017-2020, t

Exports iron or steel reservoirs and tanks with capacity >300 l from Bulgaria

Exports in kind, t

After two years of growth, exports of iron or steel reservoirs and tanks with a capacity exceeding 300 liters from Bulgaria declined. In 2020, exports totaled 4 687 tons, down by 10.4% compared to 2019. Over the period from 2017 to 2020, exports increased by 12.6%, equating to an annualized growth rate of 4.0%. The highest export volume was recorded in 2019 at 5 233 tons, while the largest increase occurred in 2018 with a rise of 15.0%.

Annual dynamics of product's exports from Bulgaria in kind, 2017-2020, t

From 2017 to 2020, Germany, Romania, and France emerged as the main markets for Bulgaria's exports in kind of iron or steel reservoirs and tanks with a capacity exceeding 300 liters. Germany accounted for 34.5% of exports, Romania for 14.7%, and France for 7.6%, together representing 56.8% of total export flows.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Bulgaria in kind, 2017-2020

Exports in value, K $ US

Following a two-year rise, the value of exported iron or steel reservoirs and tanks with a capacity exceeding 300 liters from Bulgaria declined. In 2020, Bulgaria exported 34 958 thousand US dollars worth of these products, reflecting a decrease of 4.7% from 2019. Over the period from 2017 to 2020, exports increased by 28.4%, with a compound annual growth rate of 8.7%. The peak value was recorded in 2019 at 36 674 thousand US dollars, and the largest increase occurred in 2018 with a rise of 16.3%.

Annual dynamics of product's exports from Bulgaria in value, 2017-2020, K $ US

From 2017 to 2020, the distribution of export values was relatively scattered. Germany accounted for 26.5% of exports in value terms, Romania for 13.6%, and Belgium for 7.9%, together making up 48.1% of total flows. No single partner stood out as clearly dominant in this period.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Bulgaria in value, 2017-2020

Imports iron or steel reservoirs and tanks with capacity >300 l to Bulgaria

Imports in kind, t

The import market showed signs of volatility during the observed period. In 2020, cross-border shipments of iron or steel reservoirs and tanks with a capacity exceeding 300 liters to Bulgaria amounted to 1 459 tons, down by 65.5% compared to 2019. The highest import volume was recorded in 2019 at 4 229 tons, with the largest increase of 101.3% also occurring in that year. From the peak in 2019 to the trough in 2020, imports changed by a factor of 2.9.

Annual dynamics of product's imports to Bulgaria in kind, 2017-2020, t

From 2017 to 2020, Turkey, Russia, and Hungary remained the principal suppliers of iron or steel reservoirs and tanks with a capacity exceeding 300 liters to Bulgaria. Turkey accounted for 26.7% of imports in kind, Russia for 20.2%, and Hungary for 12.0%, jointly making up 58.8% of total imports.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Bulgaria in kind, 2017-2020

Imports in value, K $ US

The import market exhibited an unstable trend throughout the timeframe. In 2020, imported volumes of iron or steel reservoirs and tanks with a capacity exceeding 300 liters to Bulgaria totaled 4 663 thousand US dollars, marking a dramatic decrease of 65.9% compared to the previous year. The highest import value was recorded in 2017, while the lowest was in 2020, reflecting a 10.6-fold gap between these years. The largest decline occurred in 2018 with a drop of 86.8%, and the largest increase was in 2019 with a rise of 109.4%.

Annual dynamics of product's imports to Bulgaria in value, 2017-2020, K $ US

From 2017 to 2020, three principal markets—Russia, Turkey, and Hungary—together accounted for 77.1% of total imports in value terms of iron or steel reservoirs and tanks with a capacity exceeding 300 liters to Bulgaria.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Bulgaria in value, 2017-2020