Bulgaria: Market for Vacuum Pumps and Air or Gas Compressors 2024

Market Size for Vacuum Pumps and Air or Gas Compressors in Bulgaria

In 2022, the Bulgarian market for vacuum pumps and air or gas compressors decreased by -19.4% to $X for the first time since 2019, thus ending a two-year rising trend. Over the period under review, the total consumption indicated pronounced growth from 2012 to 2022: its value increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2021, and then dropped rapidly in the following year.

Production of Vacuum Pumps and Air or Gas Compressors in Bulgaria

In value terms, production of vacuum pumps and air or gas compressors rose slightly to $X in 2022 estimated in export price. Overall, production, however, recorded a significant increase. The growth pace was the most rapid in 2014 with an increase of 154%. Over the period under review, production of attained the maximum level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of Vacuum Pumps and Air or Gas Compressors

Exports from Bulgaria

In 2022, shipments abroad of vacuum pumps and air or gas compressors decreased by -19.9% to X units, falling for the third consecutive year after eight years of growth. Overall, exports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2013 with an increase of 986%. The exports peaked at X units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, exports of vacuum pumps and air or gas compressors declined notably to $X in 2022. In general, exports, however, enjoyed a prominent expansion. The growth pace was the most rapid in 2016 with an increase of 65%. Over the period under review, the exports of reached the maximum at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X units) was the main destination for exports of vacuum pumps and air or gas compressors from Bulgaria, accounting for a 91% share of total exports. It was followed by Romania (X units), with a 1.8% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Germany totaled +73.1%.

In value terms, Germany ($X) remains the key foreign market for vacuum pumps and air or gas compressors exports from Bulgaria, comprising 52% of total exports. The second position in the ranking was taken by Romania ($X), with a 2.7% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany stood at +50.3%.

Export Prices by Country

In 2022, the average export price for vacuum pumps and air or gas compressors amounted to $X per unit, with a decrease of -3.1% against the previous year. Overall, the export price saw a sharp decrease. The pace of growth appeared the most rapid in 2021 when the average export price increased by 25% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Romania ($X per unit), while the average price for exports to Germany totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (-13.2%).

Imports of Vacuum Pumps and Air or Gas Compressors

Imports into Bulgaria

In 2022, purchases abroad of vacuum pumps and air or gas compressors decreased by -7.4% to X units, falling for the second year in a row after five years of growth. The total import volume increased at an average annual rate of +3.7% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 22% against the previous year. As a result, imports reached the peak of X units. From 2021 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of vacuum pumps and air or gas compressors declined markedly to $X in 2022. Over the period under review, imports, however, showed a measured increase. The pace of growth appeared the most rapid in 2020 with an increase of 145%. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports of failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest vacuum pump and air or gas compressor supplier to Bulgaria, with a 72% share of total imports. Moreover, imports of vacuum pumps and air or gas compressors from China exceeded the figures recorded by the second-largest supplier, Germany (X units), sevenfold. The third position in this ranking was held by Italy (X units), with a 5.7% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +17.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+0.5% per year) and Italy (-17.8% per year).

In value terms, China ($X) constituted the largest supplier of vacuum pumps and air or gas compressors to Bulgaria, comprising 43% of total imports. The second position in the ranking was taken by Germany ($X), with an 18% share of total imports. It was followed by Italy, with a 12% share.

From 2012 to 2022, the average annual growth rate of value from China totaled +25.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+5.5% per year) and Italy (-12.5% per year).

Import Prices by Country

The average import price for vacuum pumps and air or gas compressors stood at $X per unit in 2022, declining by -8.7% against the previous year. Over the period under review, the import price showed a mild reduction. The growth pace was the most rapid in 2020 an increase of 102% against the previous year. The import price peaked at $X per unit in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Poland ($X per unit), while the price for the Czech Republic ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+7.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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