Bulgaria: Stone Polishing Machine Market 2024

Stone Polishing Machine Market Size in Bulgaria

The Bulgarian stone polishing machine market plummeted to $X in 2022, dropping by -36.4% against the previous year. In general, consumption recorded a dramatic downturn. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Stone Polishing Machine Production in Bulgaria

In value terms, stone polishing machine production shrank slightly to $X in 2022 estimated in export price. In general, production, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of 6%. As a result, production reached the peak level of $X. From 2018 to 2022, production growth remained at a lower figure.

Stone Polishing Machine Exports

Exports from Bulgaria

In 2022, exports of grinding or polishing machines for working stone, ceramics and concrete from Bulgaria skyrocketed to X units, picking up by 61% compared with the previous year. Over the period under review, exports showed significant growth. The pace of growth was the most pronounced in 2013 when exports increased by 312% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, stone polishing machine exports soared to $X in 2022. In general, exports continue to indicate a significant expansion. The pace of growth was the most pronounced in 2013 with an increase of 255%. Over the period under review, the exports reached the maximum in 2022 and are likely to see steady growth in the near future.

Exports by Country

The United States (X units) was the main destination for stone polishing machine exports from Bulgaria, with a 87% share of total exports. It was followed by Poland (X units), with a 1.9% share of total exports. Finland (X units) ranked third in terms of total exports with a 1.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States amounted to +38.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+5.2% per year) and Finland (+47.4% per year).

In value terms, the United States ($X) remains the key foreign market for grinding or polishing machines for working stone, ceramics and concrete exports from Bulgaria, comprising 87% of total exports. The second position in the ranking was held by Poland ($X), with a 1.8% share of total exports. It was followed by Spain, with a 1.6% share.

From 2012 to 2022, the average annual growth rate of value to the United States amounted to +35.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+4.1% per year) and Spain (+42.6% per year).

Export Prices by Country

In 2022, the average stone polishing machine export price amounted to $X per unit, increasing by 3.8% against the previous year. Overall, the export price, however, saw a mild decline. The most prominent rate of growth was recorded in 2016 an increase of 78%. Over the period under review, the average export prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Spain ($X per unit), while the average price for exports to Finland ($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 Spain (+3.6%), while the prices for the other major destinations experienced a decline.

Stone Polishing Machine Imports

Imports into Bulgaria

In 2022, stone polishing machine imports into Bulgaria declined markedly to X units, waning by -50% against 2021. Over the period under review, imports continue to indicate a perceptible decrease. The most prominent rate of growth was recorded in 2013 when imports increased by 362% against the previous year. As a result, imports attained the peak of X units. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, stone polishing machine imports fell rapidly to $X in 2022. In general, imports continue to indicate a perceptible shrinkage. The pace of growth was the most pronounced in 2013 with an increase of 433% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Italy (X units) constituted the largest supplier of stone polishing machine to Bulgaria, accounting for a 40% share of total imports. Moreover, stone polishing machine imports from Italy exceeded the figures recorded by the second-largest supplier, China (X units), twofold. France (X units) ranked third in terms of total imports with a 12% share.

From 2012 to 2022, the average annual growth rate of volume from Italy totaled +3.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-10.8% per year) and France (+6.2% per year).

In value terms, Italy ($X) constituted the largest supplier of grinding or polishing machines for working stone, ceramics and concrete to Bulgaria, comprising 34% of total imports. The second position in the ranking was taken by China ($X), with a 16% share of total imports. It was followed by France, with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Italy was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (-13.5% per year) and France (+11.7% per year).

Import Prices by Country

In 2022, the average stone polishing machine import price amounted to $X per unit, jumping by 16% against the previous year. In general, the import price, however, continues to indicate a mild decrease. The pace of growth appeared the most rapid in 2014 an increase of 119%. The import price peaked at $X per unit in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belarus (+11.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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