Bulgaria: Market for Fully Or Partly Automatic Electric Machines For Arc Welding Of Metals 2025

Market Size for Fully Or Partly Automatic Electric Machines For Arc Welding Of Metals in Bulgaria

In 2022, the Bulgarian market for fully or partly automatic electric machines for arc welding of metals increased by 103% to $X, rising for the second consecutive year after two years of decline. In general, consumption enjoyed a buoyant increase. Over the period under review, the market reached the maximum level in 2022 and is expected to retain growth in years to come.

Exports of Fully Or Partly Automatic Electric Machines For Arc Welding Of Metals

Exports from Bulgaria

In 2022, the amount of fully or partly automatic electric machines for arc welding of metals exported from Bulgaria reduced markedly to X units, dropping by -36.3% on the previous year's figure. Overall, exports saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by 1,449% against the previous year. Over the period under review, the exports of hit record highs at X units in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, exports of fully or partly automatic electric machines for arc welding of metals shrank significantly to $X in 2022. Over the period under review, exports recorded a mild slump. The pace of growth was the most pronounced in 2021 with an increase of 1,344% against the previous year. As a result, the exports attained the peak of $X, and then contracted significantly in the following year.

Exports by Country

Turkey (X units), Russia (X units) and Serbia (X units) were the main destinations of exports of fully or partly automatic electric machines for arc welding of metals from Bulgaria, with a combined 98% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Turkey (with a CAGR of +60.1%), while the other leaders experienced mixed trend patterns.

In value terms, Turkey ($X), Russia ($X) and Serbia ($X) appeared to be the largest markets for fully or partly automatic arc welding machine exported from Bulgaria worldwide, with a combined 91% share of total exports.

Turkey, with a CAGR of +84.2%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average export price for fully or partly automatic electric machines for arc welding of metals amounted to $X per unit, declining by -62.1% against the previous year. Overall, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the average export price increased by 364%. Over the period under review, the average export prices attained the peak figure at $X per unit in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was North Macedonia ($X per unit), while the average price for exports to Serbia ($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 Ukraine (+40.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Fully Or Partly Automatic Electric Machines For Arc Welding Of Metals

Imports into Bulgaria

In 2022, overseas purchases of fully or partly automatic electric machines for arc welding of metals increased by 82% to X units, rising for the second consecutive year after two years of decline. Overall, imports saw a buoyant increase. The growth pace was the most rapid in 2018 when imports increased by 179% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

In value terms, imports of fully or partly automatic electric machines for arc welding of metals skyrocketed to $X in 2022. Over the period under review, imports continue to indicate buoyant growth. The pace of growth appeared the most rapid in 2013 when imports increased by 146% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Germany (X units), Slovenia (X units) and Turkey (X units) were the main suppliers of imports of fully or partly automatic electric machines for arc welding of metals to Bulgaria, with a combined 66% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +44.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Slovenia ($X) and Turkey ($X) were the largest fully or partly automatic arc welding machine suppliers to Bulgaria, together comprising 56% of total imports.

Among the main suppliers, Turkey, with a CAGR of +47.6%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for fully or partly automatic electric machines for arc welding of metals stood at $X per unit in 2022, increasing by 9.3% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the average import price increased by 69%. As a result, import price reached the peak level of $X per unit. From 2021 to 2022, the average 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 the Czech Republic ($X per unit), while the price for Poland ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovenia (+8.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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