Bulgaria: Market for Instrument Panel And Wall Clocks 2022

Market Size for Instrument Panel And Wall Clocks in Bulgaria

After three years of growth, the Bulgarian market for instrument panel and wall clocks decreased by -X% to $X in 2020. In general, consumption showed a perceptible curtailment. The pace of growth was the most pronounced in 2014 when the market value increased by X% year-to-year. As a result, consumption reached the peak level of $X. from 2015 to 2020, the growth of the market failed to regain the momentum.

Production of Instrument Panel And Wall Clocks in Bulgaria

In value terms, instrument panel and wall clock production shrank to $X in 2020 estimated in export prices. Overall, production continues to indicate a mild curtailment. The most prominent rate of growth was recorded in 2008 with an increase of X% year-to-year. As a result, production reached the peak level of $X. from 2009 to 2020, production growth remained at a lower figure.

Exports of Instrument Panel And Wall Clocks

Exports from Bulgaria

For the seventh consecutive year, Bulgaria recorded growth in shipments abroad of instrument panel and wall clocks, which increased by X% to X tons in 2020. In general, exports recorded a strong increase. As a result, exports reached the peak and are likely to continue growth in the immediate term.

In value terms, instrument panel and wall clock exports surged to $X in 2020. Over the period under review, exports showed a buoyant increase. The growth pace was the most rapid in 2008 when exports increased by X% y-o-y. Over the period under review, exports hit record highs in 2020 and are expected to retain growth in the immediate term.

Exports by Country

Romania (X tons), Austria (X tons) and Greece (X tons) were the main destinations of instrument panel and wall clock exports from Bulgaria, together comprising X% of total exports.

From 2007 to 2020, the biggest increases were in Romania (+X% per year), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Romania ($X), Austria ($X) and Greece ($X) were the largest markets for instrument panel and wall clock exported from Bulgaria worldwide, with a combined X% share of total exports.

Greece (+X% per year) saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for instrument panel and wall clocks stood at $X per ton in 2020, reducing by -X% against the previous year. Overall, the export price showed a perceptible reduction. The pace of growth appeared the most rapid in 2009 when the average export price increased by X% against the previous year. As a result, export price reached the peak level of $X per ton. from 2010 to 2020, the growth in terms of the average export prices remained at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Greece ($X per ton), while the average price for exports to China ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to China, while the prices for the other major destinations experienced a decline.

Imports of Instrument Panel And Wall Clocks

Imports into Bulgaria

In 2020, purchases abroad of instrument panel and wall clocks increased by X% to X tons, rising for the second year in a row after two years of decline. Overall, imports, however, continue to indicate a perceptible downturn. The growth pace was the most rapid in 2014 with an increase of X% y-o-y. Imports peaked at X tons in 2007; however, from 2008 to 2020, imports failed to regain the momentum.

In value terms, instrument panel and wall clock imports reduced to $X in 2020. Over the period under review, imports, however, showed a slight shrinkage. The most prominent rate of growth was recorded in 2014 with an increase of X% y-o-y. As a result, imports reached the peak of $X. from 2015 to 2020, the growth imports failed to regain the momentum.

Imports by Country

In 2020, China (X tons) constituted the largest supplier of instrument panel and wall clock to Bulgaria, accounting for a X% share of total imports. Moreover, instrument panel and wall clock imports from China exceeded the figures recorded by the second-largest supplier, Poland (X tons), sevenfold. The third position in this ranking was occupied by Germany (X tons), with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume from China totaled -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+X% per year) and Germany (+X% per year).

In value terms, China ($X) constituted the largest supplier of instrument panel and wall clock to Bulgaria, comprising X% of total imports. The second position in the ranking was occupied by Germany ($X), with a X% share of total imports. It was followed by Poland, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value from China amounted to -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+X% per year) and Poland (+X% per year).

Import Prices by Country

In 2020, the average import price for instrument panel and wall clocks amounted to $X per ton, shrinking by -X% against the previous year. Over the period under review, import price indicated modest growth from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 when the average import price increased by X% year-to-year. The import price peaked at $X per ton in 2019, and then declined markedly in the following year.

Prices varied noticeably by the country of origin; the country with the highest price was Greece ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Greece, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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