Bulgaria: Hydraulic Press Market 2024

Hydraulic Press Market Size in Bulgaria

In 2022, the Bulgarian hydraulic press market was finally on the rise to reach $X for the first time since 2019, thus ending a two-year declining trend. Overall, consumption enjoyed resilient growth. Hydraulic press consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Hydraulic Press Production in Bulgaria

In value terms, hydraulic press production expanded markedly to $X in 2022 estimated in export price. Over the period under review, production posted a buoyant expansion. The pace of growth appeared the most rapid in 2013 with an increase of 284%. Over the period under review, production reached the maximum level at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

Hydraulic Press Exports

Exports from Bulgaria

In 2022, approx. X units of hydraulic presses for working metal were exported from Bulgaria; growing by 41% on 2021. In general, exports posted a remarkable increase. The most prominent rate of growth was recorded in 2015 when exports increased by 1,787% against the previous year. As a result, the exports attained the peak of X units. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, hydraulic press exports expanded to $X in 2022. Overall, exports, however, saw a noticeable descent. The most prominent rate of growth was recorded in 2015 when exports increased by 251%. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Romania (X units), Italy (X units) and Greece (X units) were the main destinations of hydraulic press exports from Bulgaria, together accounting for 94% of total exports.

From 2012 to 2022, the biggest increases were recorded for Romania (with a CAGR of +49.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X) emerged as the key foreign market for hydraulic presses for working metal exports from Bulgaria, comprising 72% of total exports. The second position in the ranking was taken by Romania ($X), with an 11% share of total exports. It was followed by Greece, with an 8.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Italy stood at +39.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (+70.3% per year) and Greece (-14.5% per year).

Export Prices by Country

In 2022, the average hydraulic press export price amounted to $X per unit, dropping by -25.9% against the previous year. Over the period under review, the export price saw a abrupt curtailment. The pace of growth was the most pronounced in 2016 when the average export price increased by 637% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Portugal (+39.2%), while the prices for the other major destinations experienced more modest paces of growth.

Hydraulic Press Imports

Imports into Bulgaria

In 2022, supplies from abroad of hydraulic presses for working metal was finally on the rise to reach X units for the first time since 2019, thus ending a two-year declining trend. Overall, imports posted a strong increase. The growth pace was the most rapid in 2013 when imports increased by 153% against the previous year. Over the period under review, imports reached the maximum at X units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, hydraulic press imports soared to $X in 2022. In general, imports showed buoyant growth. The most prominent rate of growth was recorded in 2013 when imports increased by 177%. Imports peaked at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

China (X units), Italy (X units) and Poland (X units) were the main suppliers of hydraulic press imports to Bulgaria, together comprising 84% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +70.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest hydraulic press suppliers to Bulgaria were Germany ($X), Italy ($X) and Turkey ($X), with a combined 75% share of total imports. China, Taiwan (Chinese) and Poland lagged somewhat behind, together accounting for a further 18%.

Poland, with a CAGR of +82.4%, saw 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.

Import Prices by Country

In 2022, the average hydraulic press import price amounted to $X per unit, increasing by 20% against the previous year. Overall, the import price saw pronounced growth. The growth pace was the most rapid in 2016 when the average import price increased by 121% against the previous year. Over the period under review, average import prices reached the maximum at $X per unit in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+10.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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