Bulgaria: Hand Saw Market 2024

Hand Saw Market Size in Bulgaria

In 2022, the Bulgarian hand saw market increased by 67% to $X, rising for the second consecutive year after two years of decline. Overall, consumption continues to indicate a buoyant expansion. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Hand Saw Exports

Exports from Bulgaria

In 2022, the amount of hand saws exported from Bulgaria surged to X tons, with an increase of 48% on 2021 figures. Overall, exports saw buoyant growth. The growth pace was the most rapid in 2017 with an increase of 63% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, hand saw exports skyrocketed to $X in 2022. Over the period under review, exports showed a buoyant expansion. The growth pace was the most rapid in 2017 when exports increased by 61%. Over the period under review, the exports reached the peak figure in 2022 and are likely to continue growth in the immediate term.

Exports by Country

Romania (X tons) was the main destination for hand saw exports from Bulgaria, accounting for a 45% share of total exports. Moreover, hand saw exports to Romania exceeded the volume sent to the second major destination, Serbia (X tons), fourfold. The third position in this ranking was held by Latvia (X tons), with a 9.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Romania stood at +5.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Serbia (+16.1% per year) and Latvia (0.0% per year).

In value terms, Romania ($X) remains the key foreign market for hand saws exports from Bulgaria, comprising 29% of total exports. The second position in the ranking was taken by Latvia ($X), with a 13% share of total exports. It was followed by Serbia, with a 12% share.

From 2012 to 2022, the average annual growth rate of value to Romania stood at +8.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Latvia (0.0% per year) and Serbia (+21.1% per year).

Export Prices by Country

The average hand saw export price stood at $X per ton in 2022, increasing by 5.9% against the previous year. Overall, export price indicated mild growth from 2012 to 2022: its price increased at an average annual rate of +1.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, hand saw export price increased by +37.8% against 2019 indices. The pace of growth appeared the most rapid in 2013 when the average export price increased by 52% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Romania ($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 Bosnia and Herzegovina (+10.0%), while the prices for the other major destinations experienced more modest paces of growth.

Hand Saw Imports

Imports into Bulgaria

In 2022, supplies from abroad of hand saws increased by 50% to X tons, rising for the second year in a row after two years of decline. Overall, total imports indicated a buoyant increase from 2012 to 2022: its volume 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, imports increased by +111.3% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, hand saw imports skyrocketed to $X in 2022. Over the period under review, imports enjoyed a prominent expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of hand saw to Bulgaria, with a 65% share of total imports. Moreover, hand saw imports from China exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold. Slovakia (X tons) ranked third in terms of total imports with a 4.7% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +7.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+22.4% per year) and Slovakia (+94.9% per year).

In value terms, China ($X), Germany ($X) and Taiwan (Chinese) ($X) were the largest hand saw suppliers to Bulgaria, together accounting for 86% of total imports. Poland, Slovakia and the Czech Republic lagged somewhat behind, together comprising a further 5.9%.

In terms of the main suppliers, Slovakia, with a CAGR of +104.5%, saw 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

The average hand saw import price stood at $X per ton in 2022, with an increase of 13% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.1%. The growth pace was the most rapid in 2020 an increase of 19% against the previous year. The import price peaked in 2022 and is expected to retain growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+7.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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