Bulgaria: Market for Hand-Operated Drilling, Threading or Tapping Tools 2025

Market Size for Hand-Operated Drilling, Threading or Tapping Tools in Bulgaria

The Bulgarian market for hand-operated drilling, threading or tapping tools rose markedly to $X in 2022, with an increase of 14% against the previous year. Over the period under review, the total consumption indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +7.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +53.2% against 2019 indices. Consumption of peaked in 2022 and is expected to retain growth in the immediate term.

Production of Hand-Operated Drilling, Threading or Tapping Tools in Bulgaria

In value terms, production of hand-operated drilling, threading or tapping tools amounted to $X in 2022 estimated in export price. In general, the total production indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +6.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -10.1% against 2020 indices. The pace of growth appeared the most rapid in 2020 with an increase of 68% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production of growth remained at a somewhat lower figure.

Exports of Hand-Operated Drilling, Threading or Tapping Tools

Exports from Bulgaria

In 2022, approx. X tons of hand-operated drilling, threading or tapping tools were exported from Bulgaria; shrinking by -64.1% against 2021. In general, exports, however, recorded a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 4,773%. As a result, the exports reached the peak of X tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of hand-operated drilling, threading or tapping tools dropped markedly to $X in 2022. Overall, exports, however, posted a significant expansion. The growth pace was the most rapid in 2020 with an increase of 7,291% against the previous year. As a result, the exports reached the peak of $X. From 2021 to 2022, the growth of the exports of failed to regain momentum.

Exports by Country

Poland (X kg), Lithuania (X kg) and Austria (X kg) were the main destinations of exports of hand-operated drilling, threading or tapping tools from Bulgaria, together accounting for 73% of total exports.

From 2012 to 2022, the biggest increases were recorded for Lithuania (with a CAGR of +80.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Lithuania ($X), Poland ($X) and Austria ($X) constituted the largest markets for hand-operated drilling, threading or tapping tool exported from Bulgaria worldwide, with a combined 76% share of total exports.

In terms of the main countries of destination, Lithuania, with a CAGR of +124.4%, saw the highest growth rate of 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 export price for hand-operated drilling, threading or tapping tools stood at $X per ton in 2022, with an increase of 20% against the previous year. Over the period under review, the export price posted a buoyant expansion. The most prominent rate of growth was recorded in 2019 an increase of 246% against the previous year. The export price peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Montenegro ($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 Kazakhstan (+56.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Hand-Operated Drilling, Threading or Tapping Tools

Imports into Bulgaria

In 2022, approx. X tons of hand-operated drilling, threading or tapping tools were imported into Bulgaria; increasing by 8.6% on the year before. Over the period under review, imports continue to indicate a strong expansion. The growth pace was the most rapid in 2017 with an increase of 75%. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, imports of hand-operated drilling, threading or tapping tools rose notably to $X in 2022. Overall, imports enjoyed prominent growth. The most prominent rate of growth was recorded in 2020 with an increase of 286% against the previous year. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of imports of failed to regain momentum.

Imports by Country

China (X tons), Poland (X tons) and Germany (X tons) were the main suppliers of imports of hand-operated drilling, threading or tapping tools to Bulgaria, together comprising 72% of total imports. France, the Czech Republic, Austria, Estonia, Italy and Greece lagged somewhat behind, together comprising a further 21%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Czech Republic (with a CAGR of +82.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Germany ($X) and the Czech Republic ($X) appeared to be the largest hand-operated drilling, threading or tapping tool suppliers to Bulgaria, together accounting for 51% of total imports.

Among the main suppliers, the Czech Republic, with a CAGR of +114.8%, recorded the highest rates of growth with regard to 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

In 2022, the average import price for hand-operated drilling, threading or tapping tools amounted to $X per ton, approximately reflecting the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 an increase of 123%. As a result, import price attained the peak level of $X per ton. From 2021 to 2022, the average import prices failed to regain momentum.

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 Italy ($X per ton), while the price for Greece ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+17.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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