Bulgaria: Non-Electric Motor Handtools Market 2025

Non-Electric Motor Handtools Market Size in Bulgaria

In 2022, the Bulgarian non-electric motor handtools market increased by 9.4% to $X, rising for the second consecutive year after two years of decline. Overall, consumption, however, saw a perceptible decrease. Non-electric motor handtools consumption peaked at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Non-Electric Motor Handtools Production in Bulgaria

In value terms, non-electric motor handtools production dropped modestly to $X in 2022 estimated in export price. Over the period under review, production showed a perceptible slump. The most prominent rate of growth was recorded in 2021 with an increase of 8.6% against the previous year. Non-electric motor handtools production peaked at $X in 2015; however, from 2016 to 2022, production stood at a somewhat lower figure.

Non-Electric Motor Handtools Exports

Exports from Bulgaria

For the third consecutive year, Bulgaria recorded decline in overseas shipments of handtools, hydraulic or with a self-contained non-electric motor, which decreased by -23.2% to X units in 2022. In general, exports, however, recorded a modest increase. The most prominent rate of growth was recorded in 2016 with an increase of 155%. The exports peaked at X units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, non-electric motor handtools exports rose significantly to $X in 2022. Over the period under review, exports, however, posted notable growth. The most prominent rate of growth was recorded in 2016 with an increase of 155%. Over the period under review, the exports hit record highs at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

Romania (X units) was the main destination for non-electric motor handtools exports from Bulgaria, accounting for a 53% share of total exports. Moreover, non-electric motor handtools exports to Romania exceeded the volume sent to the second major destination, Greece (X units), sixfold. Georgia (X units) ranked third in terms of total exports with a 6.9% share.

From 2012 to 2022, the average annual growth rate of volume to Romania amounted to +35.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Greece (+49.2% per year) and Georgia (+15.1% per year).

In value terms, Romania ($X) remains the key foreign market for handtools, hydraulic or with a self-contained non-electric motor exports from Bulgaria, comprising 54% of total exports. The second position in the ranking was held by Greece ($X), with an 8.9% share of total exports. It was followed by Georgia, with a 6.9% share.

From 2012 to 2022, the average annual growth rate of value to Romania amounted to +37.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Greece (+50.4% per year) and Georgia (+16.3% per year).

Export Prices by Country

The average non-electric motor handtools export price stood at $X per unit in 2022, with an increase of 37% against the previous year. In general, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average export price increased by 57%. Over the period under review, the average export prices hit record highs at $X per unit in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Serbia ($X per unit) and Albania ($X per unit), while the average price for exports to Germany ($X per unit) and Georgia ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Latvia (+1.4%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Electric Motor Handtools Imports

Imports into Bulgaria

In value terms, non-electric motor handtools imports expanded sharply to $X in 2022. Over the period under review, imports recorded a buoyant expansion. The most prominent rate of growth was recorded in 2017 when imports increased by 36% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In value terms, the largest non-electric motor handtools suppliers to Bulgaria were Germany ($X), China ($X) and Japan ($X), with a combined 76% share of total imports. The United States, Sweden, Austria, Romania and the Netherlands lagged somewhat behind, together comprising a further 17%.

Romania, with a CAGR of +22.2%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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