Bulgaria: Blow-Moulding Machine Market 2024

Blow-Moulding Machine Market Size in Bulgaria

The Bulgarian blow-moulding machine market skyrocketed to $X in 2022, rising by 477% against the previous year. Over the period under review, consumption showed prominent growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Blow-Moulding Machine Production in Bulgaria

In value terms, blow-moulding machine production shrank notably to $X in 2022 estimated in export price. Over the period under review, the total production indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +52.2% against 2015 indices. The most prominent rate of growth was recorded in 2021 with an increase of 45% against the previous year. As a result, production reached the peak level of $X, and then contracted rapidly in the following year.

Blow-Moulding Machine Exports

Exports from Bulgaria

In 2022, the amount of blow-moulding machines for working rubber or plastics exported from Bulgaria soared to X units, with an increase of 443% compared with the year before. In general, exports recorded a noticeable expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, blow-moulding machine exports skyrocketed to $X in 2022. Over the period under review, exports saw a moderate expansion. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

Turkey (X units) was the main destination for blow-moulding machine exports from Bulgaria, with a 89% share of total exports. Moreover, blow-moulding machine exports to Turkey exceeded the volume sent to the second major destination, South Africa (X units), more than tenfold. Romania (X units) ranked third in terms of total exports with a 2.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Turkey totaled +11.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Africa (+7.2% per year) and Romania (0.0% per year).

In value terms, Poland ($X) emerged as the key foreign market for blow-moulding machines for working rubber or plastics exports from Bulgaria, comprising 62% of total exports. The second position in the ranking was taken by Turkey ($X), with a 21% share of total exports. It was followed by Romania, with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Poland totaled +340.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (+9.4% per year) and Romania (+43.1% per year).

Export Prices by Country

The average blow-moulding machine export price stood at $X per unit in 2022, rising by 65% against the previous year. Over the period under review, the export price, however, showed a slight setback. The pace of growth appeared the most rapid in 2017 when the average export price increased by 173%. The export price peaked at $X per unit in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Poland ($X per unit), while the average price for exports to Turkey ($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 Poland (+340.2%), while the prices for the other major destinations experienced mixed trend patterns.

Blow-Moulding Machine Imports

Imports into Bulgaria

In 2022, overseas purchases of blow-moulding machines for working rubber or plastics decreased by -28.1% to X units, falling for the second year in a row after two years of growth. Over the period under review, imports, however, enjoyed strong growth. The pace of growth was the most pronounced in 2013 with an increase of 329%. Imports peaked at X units in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, blow-moulding machine imports soared to $X in 2022. Overall, imports, however, enjoyed a strong expansion. The most prominent rate of growth was recorded in 2016 when imports increased by 238%. Imports peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest supplier of blow-moulding machine to Bulgaria, with a 48% share of total imports. Moreover, blow-moulding machine imports from China exceeded the figures recorded by the second-largest supplier, Japan (X units), threefold. Turkey (X units) ranked third in terms of total imports with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +27.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+18.9% per year) and Turkey (+13.0% per year).

In value terms, Italy ($X), Japan ($X) and Germany ($X) were the largest blow-moulding machine suppliers to Bulgaria, with a combined 79% share of total imports. Turkey, China, France and North Macedonia lagged somewhat behind, together accounting for a further 21%.

China, with a CAGR of +34.8%, recorded the highest growth rate of 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

In 2022, the average blow-moulding machine import price amounted to $X per unit, increasing by 146% against the previous year. Overall, the import price, however, saw a slight descent. The pace of growth appeared the most rapid in 2016 an increase of 278%. Over the period under review, average import prices hit record highs at $X per unit in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per unit), while the price for North Macedonia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+11.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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