Key Market Indicators
**Decline in Bulgarian Metal Products Sales Projected by 2028** Bulgarian metal products sales are expected to experience a decline, dropping from approximately €424 million in 2023 to around €360 million by 2028. This represents an annual decrease of 2.4% in compound annual growth rate (CAGR). The downward trend has been consistent since 2013, with the market shrinking by 4.7% each year. In 2023, Bulgaria was ranked 29th in the global metal products sales market. Latvia surpassed Bulgaria with sales reaching the same €424 million mark. Leading the ranking were Italy, France, and Poland, occupying the second, third, and fourth positions, respectively. **Exports on the Rise** Conversely, Bulgarian metal products exports are forecasted to grow, reaching approximately $62 million by 2028 from about $55 million in 2023. This growth translates to an average annual increase of 1.9% in exports. Since 2001, the country's metal products supply has consistently risen by 2.4% annually. **Imports Also Increasing** Bulgarian metal products imports are also predicted to rise, increasing from roughly $137 million in 2023 to around $157 million by 2028. This growth rate stands at 2.2% annually. The demand for metal products in Bulgaria has been on an upward trajectory since 2001, with an annual increase of 2.5%. These trends highlight the changing dynamics of Bulgaria's metal products market, with a notable decline in domestic sales but a rise in both exports and imports.
