Bulgaria: Liquid Supply Meter Market 2024

Liquid Supply Meter Market Size in Bulgaria

The Bulgarian liquid supply meter market soared to $X in 2021, surging by 18% against the previous year. The market value increased at an average annual rate of +3.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the maximum level in 2021 and is expected to retain growth in the near future.

Liquid Supply Meter Production in Bulgaria

In value terms, liquid supply meter production surged to $X in 2021 estimated in export price. In general, the total production indicated modest growth from 2012 to 2021: its value increased at an average annual rate of +1.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -27.7% against 2017 indices. The most prominent rate of growth was recorded in 2016 when the production volume increased by 27%. Over the period under review, production hit record highs at $X in 2017; however, from 2018 to 2021, production remained at a lower figure.

Liquid Supply Meter Exports

Exports from Bulgaria

For the third year in a row, Bulgaria recorded growth in shipments abroad of liquid supply or production meters, which increased by 89% to X units in 2021. In general, exports recorded a significant expansion. The growth pace was the most rapid in 2019 with an increase of 1,289% against the previous year. Over the period under review, the exports reached the maximum in 2021 and are likely to see gradual growth in years to come.

In value terms, liquid supply meter exports skyrocketed to $X in 2021. Over the period under review, exports recorded significant growth. The growth pace was the most rapid in 2016 with an increase of 2,616% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in the near future.

Exports by Country

China (X units) was the main destination for liquid supply meter exports from Bulgaria, accounting for a 51% share of total exports. Moreover, liquid supply meter exports to China exceeded the volume sent to the second major destination, Chile (X units), twofold. Serbia (X units) ranked third in terms of total exports with a 14% share.

From 2012 to 2021, the average annual growth rate of volume to China was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (-10.9% per year) and Serbia (+134.4% per year).

In value terms, Chile ($X), Serbia ($X) and Georgia ($X) constituted the largest markets for liquid supply meter exported from Bulgaria worldwide, with a combined 84% share of total exports.

Georgia, with a CAGR of +250.8%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average liquid supply meter export price amounted to $X per unit, with a decrease of -17.2% against the previous year. Overall, the export price continues to indicate a sharp contraction. The pace of growth was the most pronounced in 2016 an increase of 751% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Greece ($X per unit), while the average price for exports to China ($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 Greece (+6.3%), while the prices for the other major destinations experienced a decline.

Liquid Supply Meter Imports

Imports into Bulgaria

In 2021, the amount of liquid supply or production meters imported into Bulgaria fell to X units, declining by -7.1% compared with 2020 figures. The total import volume increased at an average annual rate of +3.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2017 with an increase of 40%. Over the period under review, imports reached the maximum at X units in 2020, and then declined in the following year.

In value terms, liquid supply meter imports skyrocketed to $X in 2021. In general, total imports indicated a measured expansion from 2012 to 2021: its value increased at an average annual rate of +4.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +19.5% against 2018 indices. The most prominent rate of growth was recorded in 2017 when imports increased by 47% against the previous year. Imports peaked in 2021 and are likely to continue growth in the near future.

Imports by Country

In 2021, Italy (X units) constituted the largest liquid supply meter supplier to Bulgaria, with a 36% share of total imports. Moreover, liquid supply meter imports from Italy exceeded the figures recorded by the second-largest supplier, Poland (X units), twofold. The third position in this ranking was taken by Austria (X units), with a 16% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Italy totaled +19.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+2.6% per year) and Austria (+41.4% per year).

In value terms, the largest liquid supply meter suppliers to Bulgaria were Italy ($X), Austria ($X) and Germany ($X), together accounting for 63% of total imports. These countries were followed by Poland, Romania, China, Turkey, Slovakia, France and the Czech Republic, which together accounted for a further 36%.

Among the main suppliers, Turkey, with a CAGR of +57.2%, recorded 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

The average liquid supply meter import price stood at $X per unit in 2021, growing by 35% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Romania (+18.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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