Bulgaria: Market for Chain Scoops, Sliders, Runners, End Pieces And Narrow Strips 2024

Market Size for Chain Scoops, Sliders, Runners, End Pieces And Narrow Strips in Bulgaria

In 2022, after two years of growth, there was significant decline in the Bulgarian chain scoops and sliders market, when its value decreased by -15.1% to $X. The market value increased at an average annual rate of +2.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Exports of Chain Scoops, Sliders, Runners, End Pieces And Narrow Strips

Exports from Bulgaria

Chain scoops and sliders exports from Bulgaria amounted to X tons in 2022, with an increase of 13% against the year before. Overall, total exports indicated a modest increase from 2012 to 2022: its volume increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +85.1% against 2018 indices. The growth pace was the most rapid in 2019 with an increase of 45%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, chain scoops and sliders exports skyrocketed to $X in 2022. In general, exports, however, showed a abrupt setback. The pace of growth was the most pronounced in 2017 when exports increased by 46% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Serbia (X tons) was the main destination for chain scoops and sliders exports from Bulgaria, accounting for a 68% share of total exports. Moreover, chain scoops and sliders exports to Serbia exceeded the volume sent to the second major destination, Greece (X tons), sixfold. The third position in this ranking was held by Bosnia and Herzegovina (X tons), with a 10% share.

From 2012 to 2022, the average annual growth rate of volume to Serbia amounted to +5.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Greece (+6.6% per year) and Bosnia and Herzegovina (+0.1% per year).

In value terms, the largest markets for chain scoops and sliders exported from Bulgaria were Serbia ($X), Greece ($X) and Bosnia and Herzegovina ($X), together accounting for 75% of total exports. Germany, North Macedonia, Italy and Romania lagged somewhat behind, together comprising a further 14%.

In terms of the main countries of destination, Germany, with a CAGR of +9.7%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average chain scoops and sliders export price amounted to $X per ton, picking up by 4.8% against the previous year. Overall, the export price, however, saw a deep reduction. The most prominent rate of growth was recorded in 2018 when the average export price increased by 17% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2019 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 North Macedonia ($X per ton), while the average price for exports to Serbia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Greece (+1.7%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Chain Scoops, Sliders, Runners, End Pieces And Narrow Strips

Imports into Bulgaria

In 2022, supplies from abroad of chain scoops, sliders, runners, end pieces and narrow strips decreased by -14.5% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, total imports indicated a resilient increase from 2012 to 2022: its volume increased at an average annual rate of +5.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when imports increased by 41% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2021, and then fell in the following year.

In value terms, chain scoops and sliders imports reduced to $X in 2022. Over the period under review, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when imports increased by 37%. Imports peaked at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Italy (X tons), Turkey (X tons) and Poland (X tons) were the main suppliers of chain scoops and sliders imports to Bulgaria, with a combined 66% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +38.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X) constituted the largest supplier of chain scoops, sliders, runners, end pieces and narrow strips to Bulgaria, comprising 36% of total imports. The second position in the ranking was held by Turkey ($X), with a 15% share of total imports. It was followed by Poland, with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Italy amounted to -1.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+2.5% per year) and Poland (+27.1% per year).

Import Prices by Country

The average chain scoops and sliders import price stood at $X per ton in 2022, surging by 1.8% against the previous year. In general, the import price, however, saw a abrupt downturn. The most prominent rate of growth was recorded in 2017 an increase of 51% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 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 France ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+8.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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