Bulgaria: Electric Hand-Dryer Market 2025

Electric Hand-Dryer Market Size in Bulgaria

The Bulgarian electric hand-dryer market dropped markedly to $X in 2021, with a decrease of -40.7% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption saw a abrupt slump. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Electric Hand-Dryer Exports

Exports from Bulgaria

In 2020, the amount of electric hand-drying apparatus exported from Bulgaria shrank dramatically to X units, waning by -97.5% against the previous year. Overall, exports recorded a sharp decline. The growth pace was the most rapid in 2014 with an increase of 437%. Over the period under review, the exports attained the peak figure at X units in 2015; however, from 2016 to 2020, the exports stood at a somewhat lower figure.

In value terms, electric hand-dryer exports fell significantly to $X in 2020. Over the period under review, exports saw a precipitous shrinkage. The pace of growth appeared the most rapid in 2014 with an increase of 747%. The exports peaked at $X in 2015; however, from 2016 to 2020, the exports remained at a lower figure.

Exports by Country

Greece (X units) was the main destination for electric hand-dryer exports from Bulgaria, accounting for a approx. 100% share of total exports.

From 2012 to 2020, the average annual growth rate of volume to Greece totaled -65.2%.

In value terms, Greece ($X) emerged as the key foreign market for electric hand-drying apparatus exports from Bulgaria.

From 2012 to 2020, the average annual rate of growth in terms of value to Greece stood at -64.9%.

Export Prices by Country

In 2020, the average electric hand-dryer export price amounted to $X per unit, which is down by -38.7% against the previous year. In general, the export price saw a slight slump. The most prominent rate of growth was recorded in 2014 an increase of 58%. Over the period under review, the average export prices reached the maximum at $X per unit in 2018; however, from 2019 to 2020, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Greece.

From 2012 to 2020, the rate of growth in terms of prices for Armenia amounted to +32.9% per year.

Electric Hand-Dryer Imports

Imports into Bulgaria

Electric hand-dryer imports into Bulgaria shrank significantly to X units in 2021, which is down by -44% on the previous year. Overall, imports recorded a deep downturn. The pace of growth appeared the most rapid in 2014 when imports increased by 77%. Over the period under review, imports reached the peak figure at X units in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

In value terms, electric hand-dryer imports reduced rapidly to $X in 2021. In general, imports showed a drastic downturn. The pace of growth appeared the most rapid in 2015 with an increase of 21% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Poland (X units), China (X units) and Spain (X units) were the main suppliers of electric hand-dryer imports to Bulgaria, together accounting for 77% of total imports. These countries were followed by Belgium, Romania, Switzerland and Italy, which together accounted for a further 22%.

From 2012 to 2021, the biggest increases were recorded for Belgium (with a CAGR of +79.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Spain ($X) and Belgium ($X) appeared to be the largest electric hand-dryer suppliers to Bulgaria, together comprising 75% of total imports.

Belgium, with a CAGR of +56.6%, recorded the highest rates of growth with regard to the value of imports, among 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 2021, the average electric hand-dryer import price amounted to $X per unit, increasing by 7.6% against the previous year. Over the period under review, import price indicated resilient growth from 2012 to 2021: its price increased at an average annual rate of +5.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, electric hand-dryer import price increased by +69.3% against 2018 indices. The most prominent rate of growth was recorded in 2016 an increase of 49% against the previous year. Over the period under review, average import prices reached the maximum in 2021 and is likely to continue growth in the near future.

Prices varied noticeably country of origin: the country with the highest price was Switzerland ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Switzerland (+17.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :