Bulgaria: Non-Electric Chainsaw Market 2024

Non-Electric Chainsaw Market Size in Bulgaria

In 2022, the Bulgarian non-electric chainsaw market increased by 54% to $X, rising for the second year in a row after two years of decline. In general, consumption showed a prominent increase. Over the period under review, the market hit record highs in 2022 and is likely to see steady growth in the immediate term.

Non-Electric Chainsaw Exports

Exports from Bulgaria

In 2022, the amount of chainsaws with a self-contained non-electric motor exported from Bulgaria soared to X units, picking up by 17% compared with the previous year. Overall, exports, however, recorded a perceptible decline. The growth pace was the most rapid in 2020 with an increase of 359% against the previous year. Over the period under review, the exports reached the peak figure at X units in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, non-electric chainsaw exports rose to $X in 2022. Over the period under review, exports enjoyed a mild increase. The pace of growth was the most pronounced in 2020 with an increase of 206% against the previous year. As a result, the exports attained the peak of $X. From 2021 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Germany (X units) was the main destination for non-electric chainsaw exports from Bulgaria, with a 56% share of total exports. Moreover, non-electric chainsaw exports to Germany exceeded the volume sent to the second major destination, Romania (X units), fourfold. The third position in this ranking was taken by France (X units), with a 10% share.

From 2012 to 2022, the average annual growth rate of volume to Germany totaled -2.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (-10.3% per year) and France (+101.0% per year).

In value terms, Germany ($X) emerged as the key foreign market for chainsaws with a self-contained non-electric motor exports from Bulgaria, comprising 36% of total exports. The second position in the ranking was held by France ($X), with a 17% share of total exports. It was followed by Romania, with a 14% share.

From 2012 to 2022, the average annual growth rate of value to Germany totaled -4.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+98.2% per year) and Romania (-0.0% per year).

Export Prices by Country

In 2022, the average non-electric chainsaw export price amounted to $X per unit, shrinking by -11.4% against the previous year. Over the period under review, the export price, however, posted perceptible growth. The most prominent rate of growth was recorded in 2015 when the average export price increased by 194%. The export price peaked at $X per unit in 2019; however, from 2020 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 Greece ($X per unit), while the average price for exports to Germany ($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 Bosnia and Herzegovina (+15.6%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Electric Chainsaw Imports

Imports into Bulgaria

In 2022, non-electric chainsaw imports into Bulgaria skyrocketed to X units, rising by 56% on 2021. Over the period under review, imports saw a resilient increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, non-electric chainsaw imports skyrocketed to $X in 2022. In general, total imports indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +7.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +93.5% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X units) constituted the largest non-electric chainsaw supplier to Bulgaria, with a 86% share of total imports. Moreover, non-electric chainsaw imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), more than tenfold. The third position in this ranking was taken by Sweden (X units), with a 3.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +11.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+3.4% per year) and Sweden (-1.0% per year).

In value terms, China ($X), Germany ($X) and Sweden ($X) appeared to be the largest non-electric chainsaw suppliers to Bulgaria, together comprising 86% of total imports.

China, with a CAGR of +16.5%, recorded the highest rates of growth with regard to the value of imports, in terms of 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 non-electric chainsaw import price amounted to $X per unit, with a decrease of -5.2% against the previous year. Overall, the import price saw a mild decline. The pace of growth was the most pronounced in 2015 an increase of 29%. Over the period under review, average import prices hit record highs at $X per unit in 2018; however, from 2019 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 Germany ($X per unit), while the price for China ($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 (+4.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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