Bulgaria: Industrial Brewery Machinery Market 2024

Industrial Brewery Machinery Market Size in Bulgaria

The Bulgarian industrial brewery machinery market surged to $X in 2022, growing by X% against the previous year. In general, consumption, however, showed a deep setback. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Industrial Brewery Machinery Production in Bulgaria

In value terms, industrial brewery machinery production surged to $X in 2022 estimated in export price. Over the period under review, production enjoyed a perceptible expansion. The pace of growth was the most pronounced in 2019 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Industrial Brewery Machinery Exports

Exports from Bulgaria

In 2022, overseas shipments of industrial brewery machinery decreased by X% to X units for the first time since 2018, thus ending a three-year rising trend. In general, exports continue to indicate a prominent increase. The growth pace was the most rapid in 2021 with an increase of X%. The exports peaked at X units in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, industrial brewery machinery exports expanded significantly to $X in 2022. Overall, exports enjoyed slight growth. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

Exports by Country

Nigeria (X units) was the main destination for industrial brewery machinery exports from Bulgaria, with a X% share of total exports. Moreover, industrial brewery machinery exports to Nigeria exceeded the volume sent to the second major destination, South Korea (X units), eightfold. Switzerland (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Nigeria was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (X% per year) and Switzerland (X% per year).

In value terms, Nigeria ($X) emerged as the key foreign market for industrial brewery machinery exports from Bulgaria, comprising X% of total exports. The second position in the ranking was held by South Korea ($X), with a X% share of total exports. It was followed by Switzerland, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Nigeria was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (X% per year) and Switzerland (X% per year).

Export Prices by Country

In 2022, the average industrial brewery machinery export price amounted to $X per unit, surging by X% against the previous year. In general, the export price, however, recorded a noticeable decline. The growth pace was the most rapid in 2014 when the average export price increased by X% against the previous year. The export price peaked at $X per unit in 2019; however, from 2020 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 South Korea ($X per unit), while the average price for exports to Finland ($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 South Korea (X%), while the prices for the other major destinations experienced a decline.

Industrial Brewery Machinery Imports

Imports into Bulgaria

In 2022, after two years of decline, there was significant growth in purchases abroad of industrial brewery machinery, when their volume increased by X% to X units. Over the period under review, imports, however, showed a deep contraction. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Imports peaked at X units in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, industrial brewery machinery imports skyrocketed to $X in 2022. Overall, imports, however, recorded a deep downturn. Imports peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Belgium (X units), China (X units) and Norway (X units) were the main suppliers of industrial brewery machinery imports to Bulgaria, with a combined X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of X%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, Belgium ($X) constituted the largest supplier of industrial brewery machinery to Bulgaria, comprising X% of total imports. The second position in the ranking was taken by China ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Belgium stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Norway (X% per year).

Import Prices by Country

The average industrial brewery machinery import price stood at $X per unit in 2022, increasing by X% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. Over the period under review, average import prices attained the maximum at $X per unit in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Belgium ($X per unit), while the price for Norway ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Norway (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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