Bulgaria: Appliance Part Brush Market 2024

Appliance Part Brush Market Size in Bulgaria

The Bulgarian appliance part brush market dropped to $X in 2022, with a decrease of -7.2% against the previous year. Over the period under review, the total consumption indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +7.3% 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 contracted in the following year.

Appliance Part Brush Production in Bulgaria

In value terms, appliance part brush production shrank to $X in 2022 estimated in export price. Over the period under review, production, however, saw a strong increase. The pace of growth appeared the most rapid in 2014 with an increase of 153% against the previous year. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Appliance Part Brush Exports

Exports from Bulgaria

For the third consecutive year, Bulgaria recorded decline in overseas shipments of brushes constituting parts of appliances, which decreased by -12.9% to X units in 2022. In general, exports, however, posted a resilient increase. The growth pace was the most rapid in 2014 when exports increased by 155%. Over the period under review, the exports reached the maximum at X units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, appliance part brush exports declined to $X in 2022. Over the period under review, exports, however, continue to indicate a remarkable increase. The growth pace was the most rapid in 2014 with an increase of 97% against the previous year. Over the period under review, the exports reached the maximum at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

Germany (X units) was the main destination for appliance part brush exports from Bulgaria, accounting for a 78% share of total exports. Moreover, appliance part brush exports to Germany exceeded the volume sent to the second major destination, Italy (X units), more than tenfold. The third position in this ranking was taken by Hong Kong SAR (X units), with a 4.1% share.

From 2012 to 2022, the average annual growth rate of volume to Germany totaled +7.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+9.2% per year) and Hong Kong SAR (-10.6% per year).

In value terms, Germany ($X) remains the key foreign market for brushes constituting parts of appliances exports from Bulgaria, comprising 75% of total exports. The second position in the ranking was taken by Italy ($X), with a 5.8% share of total exports. It was followed by Hong Kong SAR, with a 3.5% share.

From 2012 to 2022, the average annual growth rate of value to Germany amounted to +9.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+11.5% per year) and Hong Kong SAR (-11.1% per year).

Export Prices by Country

The average appliance part brush export price stood at $X per unit in 2022, growing by 8.6% against the previous year. Overall, export price indicated a tangible increase from 2012 to 2022: its price increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, appliance part brush export price increased by +41.1% against 2018 indices. The most prominent rate of growth was recorded in 2021 an increase of 43% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the near future.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Germany ($X per unit) and Portugal ($X per unit), while the average price for exports to Italy ($X per unit) and Hong Kong SAR ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+2.2%), while the prices for the other major destinations experienced mixed trend patterns.

Appliance Part Brush Imports

Imports into Bulgaria

Appliance part brush imports into Bulgaria fell to X units in 2022, reducing by -5.5% compared with 2021 figures. Overall, imports, however, posted a resilient increase. The most prominent rate of growth was recorded in 2014 with an increase of 79% against the previous year. Over the period under review, imports attained the peak figure at X units in 2021, and then declined in the following year.

In value terms, appliance part brush imports shrank to $X in 2022. Over the period under review, imports, however, recorded buoyant growth. The growth pace was the most rapid in 2021 when imports increased by 55% against the previous year. As a result, imports attained the peak of $X, and then shrank in the following year.

Imports by Country

China (X units), Germany (X units) and Turkey (X units) were the main suppliers of appliance part brush imports to Bulgaria, together accounting for 81% of total imports. Poland, Italy and the Czech Republic lagged somewhat behind, together comprising a further 10%.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +52.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of brushes constituting parts of appliances to Bulgaria, comprising 48% of total imports. The second position in the ranking was held by China ($X), with a 15% share of total imports. It was followed by Turkey, with an 8% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany amounted to +8.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+17.4% per year) and Turkey (+15.3% per year).

Import Prices by Country

In 2022, the average appliance part brush import price amounted to $X per unit, surging by 4.7% against the previous year. Overall, the import price, however, showed a noticeable shrinkage. The growth pace was the most rapid in 2015 an increase of 45%. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per unit), while the price for China ($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 (+2.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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