Report Update Nov 1, 2024

Bulgaria - Industrial Machinery for the Manufacture or Preparation of Sugar - Market Analysis, Forecast, Size, Trends and Insights

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Bulgaria: Sugar-Manufacturing Industrial Machinery Market 2024

Sugar-Manufacturing Industrial Machinery Market Size in Bulgaria

In 2022, the Bulgarian sugar-manufacturing industrial machinery market decreased by -35.3% to $X for the first time since 2018, thus ending a three-year rising trend. Overall, consumption, however, saw a significant increase. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market remained at a lower figure.

Sugar-Manufacturing Industrial Machinery Exports

Exports from Bulgaria

Sugar-manufacturing industrial machinery exports from Bulgaria dropped rapidly to X units in 2022, falling by -50% against the previous year's figure. Overall, exports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of 600%. The exports peaked at X units in 2021, and then declined markedly in the following year.

In value terms, sugar-manufacturing industrial machinery exports shrank remarkably to $X in 2022. In general, exports, however, showed significant growth. The pace of growth was the most pronounced in 2013 with an increase of 361% against the previous year. Over the period under review, the exports hit record highs at $X in 2021, and then dropped significantly in the following year.

Exports by Country

Greece (X units) was the main destination for sugar-manufacturing industrial machinery exports from Bulgaria, accounting for a 97% share of total exports. It was followed by Romania (X units), with a 2.5% share of total exports.

From 2021 to 2022, the average annual rate of growth in terms of volume to Greece was relatively modest.

In value terms, Greece ($X) emerged as the key foreign market for industrial machinery for the manufacture or preparation of sugar exports from Bulgaria, comprising 99% of total exports. The second position in the ranking was held by Romania ($X), with a 0.9% share of total exports.

From 2021 to 2022, the average annual rate of growth in terms of value to Greece was relatively modest.

Export Prices by Country

In 2022, the average sugar-manufacturing industrial machinery export price amounted to $X per unit, almost unchanged from the previous year. Overall, the export price recorded a relatively flat trend pattern. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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

From 2021 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Romania (0.0%), while the prices for the other major destinations experienced more modest paces of growth.

Sugar-Manufacturing Industrial Machinery Imports

Imports into Bulgaria

After six years of growth, supplies from abroad of industrial machinery for the manufacture or preparation of sugar decreased by -49.1% to X units in 2022. In general, imports, however, saw a significant expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 4,729%. As a result, imports reached the peak of X units, and then declined dramatically in the following year.

In value terms, sugar-manufacturing industrial machinery imports contracted dramatically to $X in 2022. Over the period under review, imports, however, showed a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 3,767%. Imports peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest sugar-manufacturing industrial machinery supplier to Bulgaria, with a 72% share of total imports. Moreover, sugar-manufacturing industrial machinery imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X units), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +213.3%.

In value terms, China ($X) constituted the largest supplier of industrial machinery for the manufacture or preparation of sugar to Bulgaria, comprising 77% of total imports. The second position in the ranking was held by Turkey ($X), with a 23% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +81.5%.

Import Prices by Country

The average sugar-manufacturing industrial machinery import price stood at $X per unit in 2022, dropping by -74.1% against the previous year. In general, the import price continues to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2020 when the average import price decreased by -12.5% against the previous year. The import price peaked at $X per unit in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per unit), while the price for Turkey amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Greece (-23.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for industrial machinery for the manufacture or preparation of sugar in the world?

The countries with the highest volumes of sugar-manufacturing industrial machinery consumption in 2021 were South Africa, India and Indonesia, together comprising 42% of global consumption. Italy, Thailand, Germany, Poland, Belgium, Spain, Belarus, Romania, Paraguay and the Czech Republic lagged somewhat behind, together accounting for a further 39%.

What are the largest producers of industrial machinery for the manufacture or preparation of sugar in the world?

The countries with the highest volumes of sugar-manufacturing industrial machinery production in 2021 were India, South Africa and Italy, with a combined 56% share of global production. These countries were followed by Germany, Thailand, Spain, Belgium, the Czech Republic, Romania, Poland and Paraguay, which together accounted for a further 37%.

What are the leading suppliers of industrial machinery for the manufacture or preparation of sugar to Bulgaria?

In value terms, Greece constituted the largest supplier of sugar-manufacturing industrial machinery to Bulgaria.

What is the average export price for industrial machinery for the manufacture or preparation of sugar in Bulgaria?

In 2021, the average sugar-manufacturing industrial machinery export price amounted to $290 per unit, approximately equating the previous year.

What is the average import price for industrial machinery for the manufacture or preparation of sugar in Bulgaria?

In 2021, the average sugar-manufacturing industrial machinery import price amounted to $208 per unit, declining by -25.2% against the previous year.

This report provides an in-depth analysis of the sugar-manufacturing industrial machinery 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 28931730 - Industrial machinery for the manufacture or preparation of sugar

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