Report Update Nov 1, 2024

Bulgaria - Milking Machines - Market Analysis, Forecast, Size, Trends and Insights

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Bulgaria: Milking Machine Market 2024

Milking Machine Exports

Exports from Bulgaria

In 2022, overseas shipments of milking machines increased by 180% to X units for the first time since 2019, thus ending a two-year declining trend. In general, exports saw a significant expansion. The pace of growth appeared the most rapid in 2016 with an increase of 5,700% against the previous year. The exports peaked at X units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, milking machine exports skyrocketed to $X in 2022. Overall, exports saw a prominent increase. The most prominent rate of growth was recorded in 2016 when exports increased by 16,651% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

North Macedonia (X units) was the main destination for milking machine exports from Bulgaria, accounting for a 76% share of total exports. Moreover, milking machine exports to North Macedonia exceeded the volume sent to the second major destination, Iraq (X units), sixfold.

From 2014 to 2022, the average annual growth rate of volume to North Macedonia totaled +164.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iraq (0.0% per year) and Greece (-8.7% per year).

In value terms, North Macedonia ($X), Iraq ($X) and Greece ($X) appeared to be the largest markets for milking machine exported from Bulgaria worldwide, with a combined 99.9% share of total exports.

North Macedonia, with a CAGR of +148.4%, recorded 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 mixed trend patterns.

Export Prices by Country

The average milking machine export price stood at $X per unit in 2022, which is down by -52.7% against the previous year. In general, the export price saw a abrupt slump. The pace of growth was the most pronounced in 2016 an increase of 188%. The export price peaked at $X per unit in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

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 Iraq ($X per unit), while the average price for exports to North Macedonia ($X per unit) was amongst the lowest.

From 2014 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Serbia (+250.7%), while the prices for the other major destinations experienced more modest paces of growth.

Milking Machine Imports

Imports into Bulgaria

Milking machine imports into Bulgaria soared to X units in 2022, rising by 115% on 2021. Over the period under review, imports enjoyed a resilient expansion. The growth pace was the most rapid in 2014 with an increase of 415%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, milking machine imports soared to $X in 2022. In general, imports posted buoyant growth. The pace of growth appeared the most rapid in 2014 with an increase of 1,020% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Turkey (X units), Italy (X units) and Germany (X units) were the main suppliers of milking machine imports to Bulgaria, with a combined 86% share of total imports. These countries were followed by Greece, Belgium, Romania and Poland, which together accounted for a further 14%.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +57.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest milking machine suppliers to Bulgaria were Italy ($X), Turkey ($X) and Germany ($X), with a combined 80% share of total imports. These countries were followed by Greece, Belgium, Poland and Romania, which together accounted for a further 20%.

Greece, with a CAGR of +60.6%, recorded 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 2022, the average milking machine import price amounted to $X per unit, with an increase of 22% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average import price increased by 118% against the previous year. As a result, import price attained the peak level of $X per unit. From 2015 to 2022, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per unit), while the price for Romania ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Greece (+14.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for milking machines in the world?

The countries with the highest volumes of milking machine consumption in 2020 were China, the United States and Russia, with a combined 41% share of global consumption. These countries were followed by Pakistan, Nigeria, Mexico, Germany, Chile, Turkey, Ethiopia, France, the UK and India, which together accounted for a further 29%.

What are the largest producers of milking machines in the world?

China remains the largest milking machine producing country worldwide, accounting for 27% of total volume. Moreover, milking machine production in China exceeded the figures recorded by the second-largest producer, the Netherlands, fourfold. Sweden ranked third in terms of total production with a 5.9% share.

What are the leading suppliers of milking machines to Bulgaria?

In value terms, Turkey constituted the largest supplier of milking machine to Bulgaria, comprising 70% of total imports. The second position in the ranking was occupied by Greece, with a 24% share of total imports. It was followed by Italy, with a 3.4% share.

What are the leading importers of milking machines from Bulgaria?

In value terms, Iran emerged as the key foreign market for milking machine exports from Bulgaria, comprising 87% of total exports. The second position in the ranking was occupied by Italy, with a 12% share of total exports. It was followed by Hungary, with a 0.9% share.

What is the average export price for milking machines in Bulgaria?

The average milking machine export price stood at $1,183 per unit in 2020, surging by 71% against the previous year.

What is the average import price for milking machines in Bulgaria?

In 2020, the average milking machine import price amounted to $265 per unit, which is down by -39% against the previous year.

This report provides an in-depth analysis of the milking machine market in Bulgaria. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 28308200 - Milking machines

Country coverage:

Bulgaria

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Bulgaria
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023