Report Update Nov 1, 2024

Bulgaria - Handtools, Hydraulic or With A Self-Contained Non-Electric Motor - Market Analysis, Forecast, Size, Trends and Insights

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Bulgaria: Non-Electric Motor Handtools Market 2024

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

Frequently Asked Questions (FAQ) :

What are the largest markets for handtools, hydraulic or with a self-contained non-electric motor in the world?

China remains the largest non-electric motor handtools consuming country worldwide, comprising approx. 39% of total volume. Moreover, non-electric motor handtools consumption in China exceeded the figures recorded by the second-largest consumer, the United States, fourfold. The third position in this ranking was occupied by India, with a 7.3% share.

What are the largest producers of handtools, hydraulic or with a self-contained non-electric motor in the world?

The country with the largest volume of non-electric motor handtools production was China, accounting for 55% of total volume. Moreover, non-electric motor handtools production in China exceeded the figures recorded by the second-largest producer, India, sevenfold. The third position in this ranking was occupied by the United States, with a 6.7% share.

What are the leading suppliers of handtools, hydraulic or with a self-contained non-electric motor to Bulgaria?

In value terms, China and Germany constituted the largest non-electric motor handtools suppliers to Bulgaria.

What are the leading importers of handtools, hydraulic or with a self-contained non-electric motor from Bulgaria?

In value terms, Romania remains the key foreign market for non-electric motor handtools exports from Bulgaria, comprising 55% of total exports. The second position in the ranking was occupied by Greece, with a 13% share of total exports. It was followed by Italy, with a 9.2% share.

What is the average export price for handtools, hydraulic or with a self-contained non-electric motor in Bulgaria?

The average non-electric motor handtools export price stood at $7,892 per ton in 2021, growing by 23% against the previous year.

What is the average import price for handtools, hydraulic or with a self-contained non-electric motor in Bulgaria?

In 2021, the average non-electric motor handtools import price amounted to $8,649 per ton, increasing by 5.4% against the previous year.

This report provides an in-depth analysis of the non-electric motor handtools 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 28241280 - Handtools, hydraulic or with a self-contained non-electric motor (excluding chainsaws)

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