Bulgaria: Ironing Machine Market 2022

Ironing Machine Market Size in Bulgaria

The Bulgarian ironing machine market contracted notably to $X in 2021, which is down by -X% against the previous year. Overall, consumption saw a mild setback. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market remained at a lower figure.

Ironing Machine Production in Bulgaria

In value terms, ironing machine production stood at $X in 2021 estimated in export price. In general, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, production attained the peak level at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Ironing Machine Exports

Exports from Bulgaria

Ironing machine exports from Bulgaria skyrocketed to X units in 2021, jumping by X% compared with 2020. In general, exports recorded significant growth. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in years to come.

In value terms, ironing machine exports soared to $X in 2021. Overall, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2017 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Ethiopia (X units) was the main destination for ironing machine exports from Bulgaria, accounting for a X% share of total exports. Moreover, ironing machine exports to Ethiopia exceeded the volume sent to the second major destination, Romania (X units), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Ethiopia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (+X% per year) and Armenia (+X% per year).

In value terms, Romania ($X) remains the key foreign market for ironing machine exports from Bulgaria, comprising X% of total exports. The second position in the ranking was taken by Ethiopia ($X), with a X% share of total exports.

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

Export Prices by Country

The average ironing machine export price stood at $X per unit in 2021, with a decrease of -X% against the previous year. Overall, the export price recorded a precipitous shrinkage. The growth pace was the most rapid in 2019 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2020 to 2021, the the average export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Romania ($X per unit), while the average price for exports to Ethiopia ($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 Romania (+X%).

Ironing Machine Imports

Imports into Bulgaria

In 2021, overseas purchases of ironing machines and presses decreased by -X% to X units for the first time since 2017, thus ending a three-year rising trend. Overall, imports, however, recorded modest growth. The pace of growth appeared the most rapid in 2019 when imports increased by X%. Imports peaked at X units in 2020, and then declined rapidly in the following year.

In value terms, ironing machine imports declined to $X in 2021. In general, imports showed a abrupt decline. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at $X in 2015; however, from 2016 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Italy (X units) constituted the largest supplier of ironing machine to Bulgaria, with a X% share of total imports. Moreover, ironing machine imports from Italy exceeded the figures recorded by the second-largest supplier, South Korea (X units), twofold. The third position in this ranking was held by Romania (X units), with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Italy stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+X% per year) and Romania (+X% per year).

In value terms, the largest ironing machine suppliers to Bulgaria were Italy ($X), Germany ($X) and Turkey ($X), together comprising X% of total imports. China, Romania, Greece and South Korea lagged somewhat behind, together accounting for a further X, with a CAGR of +X%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average ironing machine import price stood at $X per unit in 2021, picking up by X% against the previous year. In general, the import price, however, showed a abrupt decline. The growth pace was the most rapid in 2013 an increase of X% against the previous year. The import price peaked at $X per unit in 2015; however, from 2016 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Germany ($X per unit), while the price for South Korea ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Greece (+X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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