Bulgaria: Market for Lathes For Removing Metal 2024

Market Size for Lathes For Removing Metal in Bulgaria

In 2021, the Bulgarian lathe for removing metal market decreased by -98.7% to $X, falling for the second consecutive year after two years of growth. Over the period under review, consumption showed a sharp reduction. Lathe for removing metal consumption peaked at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Production of Lathes For Removing Metal in Bulgaria

In value terms, lathe for removing metal production shrank remarkably to $X in 2021 estimated in export price. Overall, production recorded a dramatic shrinkage. The growth pace was the most rapid in 2018 with an increase of 44% against the previous year. Over the period under review, lafor removing metal production reached the maximum level at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

Exports of Lathes For Removing Metal

Exports from Bulgaria

After two years of decline, shipments abroad of lathes for removing metal increased by 16% to X units in 2021. In general, exports, however, continue to indicate a abrupt slump. Over the period under review, the lafor removing metal exports hit record highs at X units in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, lathe for removing metal exports totaled $X in 2021. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when exports increased by 49%. Over the period under review, the lafor removing metal exports attained the maximum at $X in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

Exports by Country

Egypt (X units), Turkey (X units) and Russia (X units) were the main destinations of lathe for removing metal exports from Bulgaria, together comprising 46% of total exports. Italy, the United States, Poland, Germany, Iran, Austria, the United Arab Emirates, France, the Netherlands and Greece lagged somewhat behind, together comprising a further 38%.

From 2012 to 2021, the biggest increases were recorded for Austria (with a CAGR of +25.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for lathe for removing metal exported from Bulgaria were Turkey ($X), Russia ($X) and Italy ($X), with a combined 43% share of total exports. Greece, Germany, Egypt, the United States, Poland, Austria, the Netherlands, France, Iran and the United Arab Emirates lagged somewhat behind, together accounting for a further 37%.

Among the main countries of destination, Iran, with a CAGR of +31.6%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average lathe for removing metal export price stood at $X per unit in 2021, dropping by -13% against the previous year. Over the period under review, export price indicated a tangible expansion from 2012 to 2021: its price increased at an average annual rate of +4.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, lathe for removing metal export price increased by +11.4% against 2019 indices. The most prominent rate of growth was recorded in 2016 when the average export price increased by 53%. Over the period under review, the average export prices attained the maximum at $X per unit in 2017; however, from 2018 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Greece ($X per unit), while the average price for exports to Egypt ($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 Egypt (+11.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Lathes For Removing Metal

Imports into Bulgaria

In 2021, supplies from abroad of lathes for removing metal increased by 16% to X units, rising for the second year in a row after four years of decline. In general, imports saw a resilient expansion. The growth pace was the most rapid in 2015 with an increase of 175% against the previous year. As a result, imports reached the peak of X units. From 2016 to 2021, the growth of imports remained at a lower figure.

In value terms, lathe for removing metal imports shrank sharply to $X in 2021. Over the period under review, imports showed a tangible expansion. The most prominent rate of growth was recorded in 2013 when imports increased by 74%. Imports peaked at $X in 2016; however, from 2017 to 2021, imports failed to regain momentum.

Imports by Country

China (X units), Germany (X units) and Italy (X units) were the main suppliers of lathe for removing metal imports to Bulgaria, with a combined 70% share of total imports. These countries were followed by Turkey, Taiwan (Chinese), Austria, Switzerland and Belgium, which together accounted for a further 20%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +52.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of lathes for removing metal to Bulgaria, comprising 43% of total imports. The second position in the ranking was taken by Turkey ($X), with an 11% share of total imports. It was followed by Taiwan (Chinese), with an 8.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany amounted to +9.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+74.4% per year) and Taiwan (Chinese) (-8.3% per year).

Import Prices by Country

In 2021, the average lathe for removing metal import price amounted to $X per unit, declining by -28.2% against the previous year. In general, the import price showed a deep reduction. The most prominent rate of growth was recorded in 2016 when the average import price increased by 65% against the previous year. The import price peaked at $X per unit in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Belgium ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+23.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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