Report Update Nov 1, 2024

Bulgaria - Hammers and Sledge Hammers With Working Part of Metal - Market Analysis, Forecast, Size, Trends and Insights

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Bulgaria: Metal Hammer Market 2024

Metal Hammer Market Size in Bulgaria

In 2022, the Bulgarian metal hammer market increased by 32% to $X, rising for the second consecutive year after two years of decline. In general, consumption showed a buoyant increase. Over the period under review, the market attained the maximum level in 2022 and is expected to retain growth in the near future.

Metal Hammer Exports

Exports from Bulgaria

In 2022, metal hammer exports from Bulgaria soared to X tons, increasing by 114% compared with 2021 figures. In general, exports showed a resilient increase. The most prominent rate of growth was recorded in 2014 when exports increased by 147% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, metal hammer exports surged to $X in 2022. Over the period under review, exports recorded strong growth. The most prominent rate of growth was recorded in 2014 with an increase of 394% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the near future.

Exports by Country

Romania (X tons) was the main destination for metal hammer exports from Bulgaria, with a 62% share of total exports. Moreover, metal hammer exports to Romania exceeded the volume sent to the second major destination, Serbia (X tons), threefold. Turkey (X tons) ranked third in terms of total exports with a 3.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Romania totaled +12.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Serbia (+22.5% per year) and Turkey (+53.1% per year).

In value terms, the largest markets for metal hammer exported from Bulgaria were Romania ($X), Serbia ($X) and Turkey ($X), with a combined 76% share of total exports.

In terms of the main countries of destination, Turkey, with a CAGR of +52.3%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average metal hammer export price stood at $X per ton in 2022, waning by -20.7% against the previous year. In general, the export price saw a pronounced downturn. The most prominent rate of growth was recorded in 2014 when the average export price increased by 100%. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Turkey ($X per ton), while the average price for exports to Romania ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Serbia (+3.9%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Hammer Imports

Imports into Bulgaria

In 2022, supplies from abroad of hammers and sledge hammers with working part of metal increased by 40% to X tons, rising for the second year in a row after two years of decline. Over the period under review, imports recorded prominent growth. The most prominent rate of growth was recorded in 2014 with an increase of 67% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.

In value terms, metal hammer imports surged to $X in 2022. Overall, imports enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2021 with an increase of 68%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of metal hammer to Bulgaria, accounting for a 85% share of total imports. Moreover, metal hammer imports from China exceeded the figures recorded by the second-largest supplier, Germany (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +12.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+19.4% per year) and Turkey (+0.8% per year).

In value terms, China ($X) constituted the largest supplier of hammers and sledge hammers with working part of metal to Bulgaria, comprising 75% of total imports. The second position in the ranking was held by Germany ($X), with a 9.9% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China totaled +16.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+16.4% per year) and Turkey (-2.5% per year).

Import Prices by Country

In 2022, the average metal hammer import price amounted to $X per ton, approximately mirroring the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.0%. The growth pace was the most rapid in 2021 when the average import price increased by 24% against the previous year. As a result, import price reached the peak level of $X per ton, leveling off in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+3.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for hammers and sledge hammers with working part of metal in the world?

The countries with the highest volumes of in 2021 were China, the United States and India, with a combined 43% share of global consumption. These countries were followed by Japan, Russia, Brazil, South Korea, Malaysia, Indonesia, the UK, Vietnam, Taiwan Chinese) and Germany, which together accounted for a further 26%.

What are the largest producers of hammers and sledge hammers with working part of metal in the world?

China constituted the country with the largest volume of metal hammer production, comprising approx. 61% of total volume. Moreover, metal hammer production in China exceeded the figures recorded by the second-largest producer, India, sixfold. The third position in this ranking was occupied by Japan, with a 5.1% share.

What are the leading suppliers of hammers and sledge hammers with working part of metal to Bulgaria?

In value terms, China constituted the largest supplier of metal hammer to Bulgaria, comprising 65% of total imports. The second position in the ranking was occupied by Belgium, with a 10% share of total imports. It was followed by Germany, with a 6.1% share.

What are the leading importers of hammers and sledge hammers with working part of metal from Bulgaria?

In value terms, Serbia, Romania and North Macedonia appeared to be the largest markets for metal hammer exported from Bulgaria worldwide, with a combined 62% share of total exports. Turkey, Kosovo, Slovenia, Georgia, Greece, Montenegro and Hungary lagged somewhat behind, together comprising a further 32%.

What is the average export price for hammers and sledge hammers with working part of metal in Bulgaria?

In 2021, the average metal hammer export price amounted to $3,712 per ton, dropping by -4.2% against the previous year.

What is the average import price for hammers and sledge hammers with working part of metal in Bulgaria?

In 2021, the average metal hammer import price amounted to $3,244 per ton, growing by 24% against the previous year.

This report provides an in-depth analysis of the metal hammer 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 25733055 - Hammers and sledge hammers with working part of metal

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