Bulgaria: Linoleum Manufacturing Machine Market 2024

Linoleum Manufacturing Machine Market Size in Bulgaria

In 2022, the Bulgarian linoleum manufacturing machine market increased by 16% to $X, rising for the second year in a row after three years of decline. Over the period under review, consumption, however, recorded a resilient expansion. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market remained at a lower figure.

Linoleum Manufacturing Machine Production in Bulgaria

In value terms, linoleum manufacturing machine production fell remarkably to $X in 2022 estimated in export price. In general, production saw a abrupt curtailment. The most prominent rate of growth was recorded in 2013 with a decrease of -37.9%. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Linoleum Manufacturing Machine Exports

Exports from Bulgaria

After two years of decline, overseas shipments of machines used in the manufacture of linoleum or other floor coverings increased by 43% to X units in 2022. Overall, exports, however, continue to indicate a abrupt downturn. The pace of growth was the most pronounced in 2019 with an increase of 398%. The exports peaked at X units in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, linoleum manufacturing machine exports contracted remarkably to $X in 2022. Over the period under review, exports, however, faced a deep setback. The most prominent rate of growth was recorded in 2019 with an increase of 167%. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Iran (X units), Georgia (X units) and Russia (X units) were the main destinations of linoleum manufacturing machine exports from Bulgaria, together accounting for 79% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Georgia (with a CAGR of +58.7%), while the other leaders experienced more modest paces of growth.

In value terms, Georgia ($X) emerged as the key foreign market for machines used in the manufacture of linoleum or other floor coverings exports from Bulgaria, comprising 48% of total exports. The second position in the ranking was taken by Iran ($X), with a 17% share of total exports. It was followed by Turkey, with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Georgia stood at +90.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iran (-3.0% per year) and Turkey (-12.8% per year).

Export Prices by Country

The average linoleum manufacturing machine export price stood at $X per unit in 2022, declining by -78% against the previous year. Overall, the export price saw a slight contraction. The most prominent rate of growth was recorded in 2017 an increase of 1,035% against the previous year. The export price peaked at $X per unit in 2021, and then declined rapidly in the following year.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Greece ($X per unit), while the average price for exports to Russia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Morocco (+123.0%), while the prices for the other major destinations experienced more modest paces of growth.

Linoleum Manufacturing Machine Imports

Imports into Bulgaria

In 2022, the amount of machines used in the manufacture of linoleum or other floor coverings imported into Bulgaria contracted to X units, with a decrease of -8.1% against the previous year. Over the period under review, imports, however, enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2014 with an increase of 259% against the previous year. As a result, imports attained the peak of X units. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, linoleum manufacturing machine imports soared to $X in 2022. Overall, imports, however, showed a strong increase. The pace of growth appeared the most rapid in 2014 when imports increased by 217%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Italy (X units), Germany (X units) and Turkey (X units) were the main suppliers of linoleum manufacturing machine imports to Bulgaria, with a combined 67% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Germany (with a CAGR of +37.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest linoleum manufacturing machine suppliers to Bulgaria were Germany ($X), Italy ($X) and Slovakia ($X), with a combined 60% share of total imports.

In terms of the main suppliers, Germany, with a CAGR of +58.0%, 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

In 2022, the average linoleum manufacturing machine import price amounted to $X per unit, rising by 139% against the previous year. Overall, the import price enjoyed a resilient expansion. As a result, import price reached 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 Egypt ($X per unit), while the price for Turkey ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (+50.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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