The market size of iron or non-alloy steel wire containing less than 0.25% of carbon in Bulgaria reached 25.823 million Euros in 2023. The market showed steady growth, with the highest value recorded in 2023, indicating a consistent upward trend. Over the past five years, the compound annual growth rate (CAGR) was 1.09%, reflecting moderate but persistent growth. In terms of year-on-year changes, the market observed a 4.01% increase in 2023 and a 4.22% rise in 2022, following a pattern of gradual expansion.
Future trends to watch for include:
- Potential impact of global economic conditions on the steel industry, affecting both supply and demand.
- Technological advancements in manufacturing processes that could enhance production efficiency.
- Shifts in environmental regulations and sustainability practices influencing market operations.
- Developments in regional infrastructure projects driving demand for steel products.
How does Bulgaria rank in Iron or Non-Alloy Steel Wire Containing Less than 0.25% of Carbon Market Size Value?
| # | 8 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 955,110,000 | 2023 | +1.26% | -0.44% | View data |
| 2 | 2 France | 578,400,000 | 2023 | +5.6% | +1.9% | View data |
| 3 | 3 Poland | 418,390,000 | 2023 | +5.52% | +1.38% | View data |
| 4 | 4 Belgium | 224,660,000 | 2023 | -2.13% | -1.76% | View data |
| 5 | 5 Hungary | 43,691,000 | 2023 | +1.93% | +1.83% | View data |
| 6 | 6 Lithuania | 33,905,000 | 2023 | -2.75% | -2.66% | View data |
| 7 | 7 Bulgaria | 25,823,000 | 2023 | +4.01% | +1.09% | |
| 8 | 8 Finland | 22,587,000 | 2023 | -0.17% | -2.63% | View data |
