Bulgaria: Market for Machine-Tools For Working Any Material By Removal Of Material 2024

Market Size for Machine-Tools For Working Any Material By Removal Of Material in Bulgaria

The Bulgarian machine-tool for removing material market surged to $X in 2021, jumping by 234% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption enjoyed a significant expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Exports of Machine-Tools For Working Any Material By Removal Of Material

Exports from Bulgaria

In 2021, overseas shipments of machine-tools for working any material by removal of material decreased by -30.4% to X units, falling for the third consecutive year after two years of growth. Overall, exports, however, posted buoyant growth. The most prominent rate of growth was recorded in 2013 when exports increased by 279% against the previous year. The exports peaked at X units in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, machine-tool for removing material exports fell notably to $X in 2021. In general, exports, however, continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2013 when exports increased by 147% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

The Netherlands (X units), Germany (X units) and Romania (X units) were the main destinations of machine-tool for removing material exports from Bulgaria, together comprising 74% of total exports. Moreover, machine-tool for removing material exports in the Netherlands exceeded the figures recorded by the second-largest exporter, Germany, twofold.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +78.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for machine-tool for removing material exported from Bulgaria were Germany ($X), Turkey ($X) and Romania ($X), together comprising 69% of total exports. The Netherlands, Poland, North Macedonia, the UK, Greece and Moldova lagged somewhat behind, together comprising a further 14%.

The Netherlands, with a CAGR of +151.4%, saw the highest growth rate of 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 machine-tool for removing material export price amounted to $X per unit, reducing by -3.6% against the previous year. Over the period under review, the export price continues to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2016 an increase of 102%. As a result, the export price attained the peak level of $X per unit. From 2017 to 2021, the average export prices remained at a somewhat 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 ($X per unit), while the average price for exports to Moldova ($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 the UK (+71.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machine-Tools For Working Any Material By Removal Of Material

Imports into Bulgaria

In 2021, supplies from abroad of machine-tools for working any material by removal of material increased by 277% to X units, rising for the fourth year in a row after four years of decline. In general, imports continue to indicate a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, machine-tool for removing material imports skyrocketed to $X in 2021. Over the period under review, imports saw a prominent expansion. The pace of growth was the most pronounced in 2013 with an increase of 52%. Over the period under review, imports attained the peak figure in 2021 and are expected to retain growth in years to come.

Imports by Country

San Marino (X units), China (X units) and Germany (X units) were the main suppliers of machine-tool for removing material imports to Bulgaria, together accounting for 91% of total imports.

From 2012 to 2021, the biggest increases were recorded for San Marino (with a CAGR of +616.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest machine-tool for removing material suppliers to Bulgaria were China ($X), Germany ($X) and Greece ($X), together comprising 50% of total imports.

China, with a CAGR of +52.3%, saw the highest rates of growth with regard to 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

In 2021, the average machine-tool for removing material import price amounted to $X per unit, dropping by -68% against the previous year. Overall, the import price showed a abrupt slump. The pace of growth appeared the most rapid in 2016 when the average import price increased by 51% against the previous year. The import price peaked at $X per unit in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per unit), while the price for San Marino ($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 (+4.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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