Bulgaria: Filling Containers Machinery Market 2024

Filling Containers Machinery Market Size in Bulgaria

In 2021, the Bulgarian filling containers machinery market decreased by -64.7% to $X, falling for the second year in a row after three years of growth. Over the period under review, consumption recorded a deep slump. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the market remained at a lower figure.

Filling Containers Machinery Production in Bulgaria

In value terms, filling containers machinery production soared to $X in 2021 estimated in export price. In general, production, however, recorded a relatively flat trend pattern. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Filling Containers Machinery Exports

Exports from Bulgaria

In 2021, overseas shipments of machinery for filling, closing, sealing, capsuling or labelling containers were finally on the rise to reach X units after two years of decline. In general, total exports indicated a mild expansion from 2012 to 2021: its volume increased at an average annual rate of +1.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of 40% against the previous year. The exports peaked at X units in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, filling containers machinery exports surged to $X in 2021. Overall, total exports indicated a temperate expansion from 2012 to 2021: its value increased at an average annual rate of +2.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Turkey (X units), Poland (X units) and Greece (X units) were the main destinations of filling containers machinery exports from Bulgaria, with a combined 36% share of total exports. These countries were followed by Ukraine, Iran, Russia, Japan, North Macedonia, Estonia, the UK, Angola, Georgia and Tajikistan, which together accounted for a further 46%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Iran (with a CAGR of +196.4%), while the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Turkey ($X) and Ukraine ($X) constituted the largest markets for filling containers machinery exported from Bulgaria worldwide, with a combined 35% share of total exports. These countries were followed by Iran, Greece, Japan, Russia, Estonia, North Macedonia, Tajikistan, Angola, the UK and Georgia, which together accounted for a further 48%.

Iran, with a CAGR of +301.2%, 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 filling containers machinery export price amounted to $X per unit, picking up by 61% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.7%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Iran ($X per unit), while the average price for exports to Georgia ($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 Iran (+35.0%), while the prices for the other major destinations experienced more modest paces of growth.

Filling Containers Machinery Imports

Imports into Bulgaria

In 2021, after four years of growth, there was significant decline in overseas purchases of machinery for filling, closing, sealing, capsuling or labelling containers, when their volume decreased by -22.6% to X units. In general, imports continue to indicate a slight reduction. The pace of growth was the most pronounced in 2017 when imports increased by 119%. Over the period under review, imports reached the maximum at X units in 2020, and then contracted dramatically in the following year.

In value terms, filling containers machinery imports fell significantly to $X in 2021. Overall, imports recorded a perceptible setback. The most prominent rate of growth was recorded in 2017 when imports increased by 136% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

China (X units), Germany (X units) and Italy (X units) were the main suppliers of filling containers machinery imports to Bulgaria, together comprising 62% of total imports. These countries were followed by Greece, France, Belgium, the Netherlands and Turkey, which together accounted for a further 27%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Greece (with a CAGR of +22.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Italy ($X) and China ($X) constituted the largest filling containers machinery suppliers to Bulgaria, with a combined 62% share of total imports. France, Greece, Belgium, Turkey and the Netherlands lagged somewhat behind, together comprising a further 26%.

Greece, with a CAGR of +29.1%, saw the highest growth rate of the value of imports, among 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 filling containers machinery import price stood at $X per unit in 2021, dropping by -10.5% against the previous year. Overall, the import price recorded a mild reduction. The pace of growth appeared the most rapid in 2019 when the average import price increased by 35%. As a result, import price attained the peak level of $X per unit. From 2020 to 2021, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+10.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :