Report Update Nov 1, 2024

Bulgaria - Gear Cutting, Gear Grinding or Gear Finishing Machines - Market Analysis, Forecast, Size, Trends and Insights

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Bulgaria: Gear Cutting Machine Market 2024

Gear Cutting Machine Market Size in Bulgaria

The Bulgarian gear cutting machine market reduced markedly to less than $X in 2021, which is down by 99.9% against the previous year. In general, consumption, however, showed a relatively flat trend pattern. Gear cutting machine consumption peaked at $X in 2015; however, from 2016 to 2021, consumption remained at a lower figure.

Gear Cutting Machine Production in Bulgaria

In value terms, gear cutting machine production amounted to $X in 2021 estimated in export price. Overall, production saw a mild descent. The growth pace was the most rapid in 2016 when the production volume increased by 33% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2021, production growth remained at a somewhat lower figure.

Gear Cutting Machine Exports

Exports from Bulgaria

In 2021, the amount of gear cutting, gear grinding or gear finishing machines exported from Bulgaria soared to X units, jumping by 117% on the previous year's figure. In general, exports recorded a strong expansion. The most prominent rate of growth was recorded in 2020 with an increase of 300%. Over the period under review, the exports hit record highs in 2021 and are likely to see gradual growth in years to come.

In value terms, gear cutting machine exports surged to $X in 2021. Overall, exports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of 636% against the previous year. As a result, the exports attained the peak of $X. From 2017 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Turkey (X units) was the main destination for gear cutting machine exports from Bulgaria, with a 92% share of total exports. Moreover, gear cutting machine exports to Turkey exceeded the volume sent to the second major destination, Switzerland (X units), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Turkey stood at +13.0%.

In value terms, Turkey ($X) remains the key foreign market for gear cutting, gear grinding or gear finishing machines exports from Bulgaria, comprising 92% of total exports. The second position in the ranking was taken by Switzerland ($X), with an 8.1% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Turkey amounted to +12.9%.

Export Prices by Country

The average gear cutting machine export price stood at $X per unit in 2021, shrinking by -17.8% against the previous year. Overall, the export price showed a abrupt setback. The pace of growth appeared the most rapid in 2016 an increase of 420% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2017 to 2021, the average export prices failed to regain momentum.

Average prices varied noticeably for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Switzerland ($X per unit), while the average price for exports to Turkey stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Greece (+112.2%), while the prices for the other major destinations experienced mixed trend patterns.

Gear Cutting Machine Imports

Imports into Bulgaria

In 2021, gear cutting machine imports into Bulgaria shrank markedly to X units, declining by -37.5% against the year before. In general, imports continue to indicate a abrupt setback. The pace of growth appeared the most rapid in 2015 with an increase of 300% against the previous year. As a result, imports attained the peak of X units. From 2016 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, gear cutting machine imports contracted significantly to $X in 2021. Overall, imports showed a significant decrease. The pace of growth was the most pronounced in 2015 with an increase of 6,830%. As a result, imports attained the peak of $X. From 2016 to 2021, the growth of imports failed to regain momentum.

Imports by Country

Greece (X units), Serbia (X units) and North Macedonia (X units) were the main suppliers of gear cutting machine imports to Bulgaria.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Serbia (with a CAGR of 0.0%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest gear cutting machine suppliers to Bulgaria were North Macedonia ($X), Greece ($X) and Serbia ($X).

North Macedonia, with a CAGR of -19.0%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average gear cutting machine import price stood at $X per unit in 2021, with a decrease of -97.9% against the previous year. In general, the import price showed a precipitous shrinkage. The growth pace was the most rapid in 2015 when the average import price increased by 1,640%. Over the period under review, average import prices hit record highs at $X per unit in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was North Macedonia ($X per unit), while the price for Greece ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (+715.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for gear cutting, gear grinding or gear finishing machines in the world?

The countries with the highest volumes of gear cutting machine consumption in 2021 were Switzerland, China and Japan, with a combined 63% share of global consumption. Estonia, Mexico, Germany, the Netherlands, South Africa and the United States lagged somewhat behind, together comprising a further 23%.

What are the largest producers of gear cutting, gear grinding or gear finishing machines in the world?

The countries with the highest volumes of gear cutting machine production in 2021 were Switzerland, China and Germany, together comprising 70% of global production.

What are the leading suppliers of gear cutting, gear grinding or gear finishing machines to Bulgaria?

In value terms, the largest gear cutting machine suppliers to Bulgaria were North Macedonia, Greece and Serbia.

What are the leading importers of gear cutting, gear grinding or gear finishing machines from Bulgaria?

In value terms, Turkey remains the key foreign market for gear cutting machine exports from Bulgaria.

What is the average export price for gear cutting, gear grinding or gear finishing machines in Bulgaria?

In 2021, the average gear cutting machine export price amounted to $3,551 per unit, shrinking by -6.4% against the previous year.

What is the average import price for gear cutting, gear grinding or gear finishing machines in Bulgaria?

In 2021, the average gear cutting machine import price amounted to $251 per unit, reducing by -75.9% against the previous year.

This report provides an in-depth analysis of the gear cutting machine market in Bulgaria. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 28412430 - Gear cutting, gear grinding or gear finishing machines, for working metals, metal carbides or cermets (excluding planing, s lotting and broaching machines)

Country coverage:

Bulgaria

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Bulgaria
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023