The casting of iron market in Bulgaria witnessed fluctuating growth in the past decade. The market value peaked in 2015 followed by a downward trend until 2020, attributed mainly to industrial challenges and economic fluctuations, reaching a low in 2020. A recovery phase began in 2021 but slowed down slightly again by 2023 with a market value of 20.165 million euros. Year-on-year changes have been inconsistent, with significant decreases in 2020 and slight declines in recent years. Meanwhile, the CAGR over the last five years stands at -2.17% per annum.
Future trends to watch for include:
- Potential growth driven by increased demand in construction and automotive sectors.
- Adoption of sustainable and efficient casting technologies.
- Government policies impacting industrial growth and investment in Bulgaria.
How does Bulgaria rank in Casting of Iron Market Size Value?
| # | 11 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 7,474,000,000 | 2023 | -1.03% | -2.53% | View data |
| 2 | 2 Italy | 1,829,900,000 | 2023 | -1.59% | -1.79% | View data |
| 3 | 3 Spain | 1,721,800,000 | 2023 | +1.13% | +0.83% | View data |
| 4 | 4 France | 1,247,600,000 | 2023 | +0.12% | -0.85% | View data |
| 5 | 5 United Kingdom | 608,130,000 | 2023 | +0.73% | +0.16% | View data |
| 8 | 8 Sweden | 85,059,000 | 2023 | -1.51% | -1.35% | View data |
| 9 | 9 Croatia | 83,193,000 | 2023 | +1.36% | +1.55% | View data |
| 10 | 10 Bulgaria | 20,165,000 | 2023 | -1.64% | -2.17% | |
| 11 | 11 Lithuania | 5,963,200 | 2023 | -3.92% | -4.27% | View data |
