Bulgaria: Gravimetric Filling Machine Market 2024

Gravimetric Filling Machine Market Size in Bulgaria

In 2022, the Bulgarian gravimetric filling machine market decreased by -46.5% to $X, falling for the third consecutive year after four years of growth. In general, consumption, however, recorded strong growth. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market remained at a lower figure.

Gravimetric Filling Machine Production in Bulgaria

In value terms, gravimetric filling machine production soared to $X in 2022 estimated in export price. Overall, production, however, enjoyed a strong increase. The pace of growth appeared the most rapid in 2017 when the production volume increased by 131% against the previous year. Gravimetric filling machine production peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Gravimetric Filling Machine Exports

Exports from Bulgaria

In 2022, the amount of automatic gravimetric filling machines exported from Bulgaria skyrocketed to X units, increasing by 912% compared with the year before. Overall, exports posted a significant expansion. The pace of growth was the most pronounced in 2021 when exports increased by 1,600%. Over the period under review, the exports attained the maximum in 2022 and are likely to see steady growth in years to come.

In value terms, gravimetric filling machine exports soared to $X in 2022. In general, exports recorded a buoyant increase. The pace of growth appeared the most rapid in 2019 when exports increased by 3,081% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to see steady growth in years to come.

Exports by Country

The United Arab Emirates (X units) was the main destination for gravimetric filling machine exports from Bulgaria, accounting for a 72% share of total exports. Moreover, gravimetric filling machine exports to the United Arab Emirates exceeded the volume sent to the second major destination, Italy (X units), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United Arab Emirates totaled +51.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+1,200.0% per year) and Iraq (0.0% per year).

In value terms, the United Arab Emirates ($X) emerged as the key foreign market for automatic gravimetric filling machines exports from Bulgaria, comprising 74% of total exports. The second position in the ranking was taken by Iraq ($X), with an 18% share of total exports.

From 2012 to 2022, the average annual growth rate of value to the United Arab Emirates amounted to +58.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iraq (0.0% per year) and Italy (+79.1% per year).

Export Prices by Country

In 2022, the average gravimetric filling machine export price amounted to $X per unit, dropping by -44.2% against the previous year. Overall, the export price continues to indicate a pronounced reduction. The pace of growth appeared the most rapid in 2019 when the average export price increased by 1,172%. As a result, the export price attained the peak level of $X per unit. From 2020 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Iraq ($X per unit), while the average price for exports to Italy ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Moldova (+26.1%), while the prices for the other major destinations experienced mixed trend patterns.

Gravimetric Filling Machine Imports

Imports into Bulgaria

In 2022, after two years of decline, there was growth in supplies from abroad of automatic gravimetric filling machines, when their volume increased by 2.2% to X units. Over the period under review, imports showed a strong expansion. The pace of growth was the most pronounced in 2017 with an increase of 210%. Over the period under review, imports hit record highs at X units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, gravimetric filling machine imports plummeted to $X in 2022. In general, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of 169% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

Germany (X units), the Netherlands (X units) and China (X units) were the main suppliers of gravimetric filling machine imports to Bulgaria, with a combined 81% share of total imports. Poland and Turkey lagged somewhat behind, together comprising a further 15%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +45.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest gravimetric filling machine suppliers to Bulgaria were China ($X), the Netherlands ($X) and Germany ($X), together accounting for 73% of total imports. Poland and Turkey lagged somewhat behind, together comprising a further 15%.

Poland, with a CAGR of +39.5%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average gravimetric filling machine import price stood at $X per unit in 2022, waning by -24.7% against the previous year. In general, the import price continues to indicate a abrupt curtailment. The pace of growth was the most pronounced in 2014 when the average import price increased by 105% against the previous year. As a result, import price attained the peak level of $X per unit. From 2015 to 2022, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+10.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :