Bulgaria: Market for In-Hand Motor Grinders, Sanders And Planers 2024

Market Size for In-Hand Motor Grinders, Sanders And Planers in Bulgaria

The Bulgarian market for in-hand motor grinders, sanders and planers skyrocketed to $X in 2021, increasing by 51% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption recorded a significant expansion. Over the period under review, the market hit record highs in 2021 and is expected to retain growth in years to come.

Exports of In-Hand Motor Grinders, Sanders And Planers

Exports from Bulgaria

In 2021, shipments abroad of in-hand motor grinders, sanders and planers increased by 13% to X units, rising for the second consecutive year after two years of decline. Over the period under review, exports, however, recorded a pronounced decrease. The growth pace was the most rapid in 2014 with an increase of 65%. As a result, the exports reached the peak of X units. From 2015 to 2021, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of in-hand motor grinders, sanders and planers reached $X in 2021. In general, exports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of 46% against the previous year. Over the period under review, the exports of attained the maximum at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Romania (X units) was the main destination for exports of in-hand motor grinders, sanders and planers from Bulgaria, accounting for a 43% share of total exports. Moreover, exports of in-hand motor grinders, sanders and planers to Romania exceeded the volume sent to the second major destination, Greece (X units), fourfold. The third position in this ranking was held by Poland (X units), with a 7.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Romania stood at +35.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Greece (+23.8% per year) and Poland (+69.8% per year).

In value terms, Romania ($X) emerged as the key foreign market for electromechanical tools for working in the hand, with self-contained electric motor exports from Bulgaria, comprising 36% of total exports. The second position in the ranking was held by Greece ($X), with a 14% share of total exports. It was followed by Germany, with an 11% share.

From 2012 to 2021, the average annual growth rate of value to Romania stood at +40.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Greece (+26.6% per year) and Germany (-16.4% per year).

Export Prices by Country

In 2021, the average export price for in-hand motor grinders, sanders and planers amounted to $X per unit, waning by -7.4% against the previous year. In general, export price indicated a moderate expansion from 2012 to 2021: its price increased at an average annual rate of +2.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, export price for in-hand motor grinders, sanders and planers decreased by -9.1% against 2019 indices. The pace of growth was the most pronounced in 2019 an increase of 31%. As a result, the export price attained the peak level of $X per unit. From 2020 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was the UK ($X per unit), while the average price for exports to Croatia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Lithuania (+29.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of In-Hand Motor Grinders, Sanders And Planers

Imports into Bulgaria

Imports of in-hand motor grinders, sanders and planers into Bulgaria skyrocketed to X units in 2021, picking up by 42% against the previous year. In general, imports saw prominent growth. The most prominent rate of growth was recorded in 2015 when imports increased by 53%. Over the period under review, imports of hit record highs in 2021 and are expected to retain growth in the near future.

In value terms, imports of in-hand motor grinders, sanders and planers surged to $X in 2021. Overall, imports continue to indicate a buoyant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X units) constituted the largest supplier of electromechanical tools for working in the hand, with self-contained electric motor to Bulgaria, accounting for a 60% share of total imports. Moreover, imports of in-hand motor grinders, sanders and planers from China exceeded the figures recorded by the second-largest supplier, Germany (X units), threefold. Romania (X units) ranked third in terms of total imports with a 9.7% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +16.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+20.2% per year) and Romania (+5.4% per year).

In value terms, the largest electromechanical tools for working in the hand, with self-contained electric motor suppliers to Bulgaria were China ($X), Romania ($X) and Germany ($X), together comprising 72% of total imports. These countries were followed by Austria, Poland and Slovenia, which together accounted for a further 17%.

Among the main suppliers, Poland, with a CAGR of +31.3%, saw the highest growth rate of 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 2021, the average import price for in-hand motor grinders, sanders and planers amounted to $X per unit, rising by 4.2% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of 8.4% against the previous year. As a result, import price attained the peak level of $X per unit. From 2018 to 2021, the average import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Austria ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+6.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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