Bulgaria: Cylindrical Roller Bearing Market 2024

Cylindrical Roller Bearing Market Size in Bulgaria

In 2022, the Bulgarian cylindrical roller bearing market decreased by -4.8% to $X, falling for the third year in a row after three years of growth. Over the period under review, consumption enjoyed resilient growth. Bulgaria consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Cylindrical Roller Bearing Exports

Exports from Bulgaria

In 2022, overseas shipments of cylindrical roller bearings decreased by -40.4% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, exports, however, showed a tangible increase. The most prominent rate of growth was recorded in 2021 when exports increased by 397%. As a result, the exports reached the peak of X tons, and then contracted markedly in the following year.

In value terms, cylindrical roller bearing exports dropped to $X in 2022. Over the period under review, exports, however, enjoyed resilient growth. The pace of growth appeared the most rapid in 2014 when exports increased by 1,742%. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

The biggest shipments were from Germany (X tons), China (X tons) and Japan (X tons), together accounting for 53% of total export. Romania (X tons) ranks next in terms of the total exports with a 7.7% share, followed by Slovakia (5.6%). Taiwan (Chinese) (X tons), Kazakhstan (X tons), Canada (X tons), Russia (X tons), Hong Kong SAR (X tons), Poland (X tons), France (X tons) and Italy (X tons) held a relatively small share of total exports.

From 2012 to 2022, the biggest increases were recorded for Taiwan (Chinese) (with a CAGR of +43.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the largest cylindrical roller bearing supplier from Bulgaria, comprising 27% of global exports. The second position in the ranking was taken by Japan ($X), with an 11% share of global exports. It was followed by China, with an 8.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Germany was relatively modest. In the other countries, the average annual rates were as follows: Japan (-0.3% per year) and China (+6.6% per year).

Export Prices by Country

The export price in Bulgaria stood at $X per ton in 2022, picking up by 44% against the previous year. Over the period under review, the export price showed perceptible growth. The most prominent rate of growth was recorded in 2014 an increase of 414% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was France ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+3.3%), while the other leaders experienced more modest paces of growth.

Cylindrical Roller Bearing Imports

Imports into Bulgaria

In 2022, approx. X tons of cylindrical roller bearings were imported into Bulgaria; leveling off at 2021. Overall, imports, however, continue to indicate a resilient increase. The pace of growth was the most pronounced in 2015 when imports increased by 57%. Over the period under review, imports attained the peak figure at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, cylindrical roller bearing imports reduced to $X in 2022. In general, imports, however, showed a pronounced increase. The pace of growth was the most pronounced in 2018 when imports increased by 45%. Over the period under review, imports reached the maximum at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons), Russia (X tons) and Germany (X tons) represented the main importer of cylindrical roller bearings in the world, making up 42% of total import. It was distantly followed by the United States (X tons), generating a 5.7% share of total imports. Spain (X tons), Mexico (X tons), Italy (X tons), Brazil (X tons), Thailand (X tons), South Korea (X tons), Indonesia (X tons), Turkey (X tons) and the Czech Republic (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Thailand (with a CAGR of +20.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Germany ($X) and the United States ($X) were the countries with the highest levels of imports in 2022, with a combined 43% share of total imports. Mexico, Italy, Brazil, Russia, South Korea, Spain, Indonesia, Turkey, the Czech Republic and Thailand lagged somewhat behind, together comprising a further 23%.

Spain, with a CAGR of +13.7%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Bulgaria amounted to $X per ton, falling by -12.2% against the previous year. Over the period under review, the import price showed a noticeable decrease. The most prominent rate of growth was recorded in 2018 when the import price increased by 7.4%. Over the period under review, import prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the United States ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+2.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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