Bulgaria: Market for Non-Domestic Percolators and Equipment For Cooking Or Heating Food 2024

Market Size for Non-Domestic Percolators and Equipment For Cooking Or Heating Food in Bulgaria

In 2022, the Bulgarian market for non-domestic percolators and equipment for cooking or heating food increased by 8.7% to $X, rising for the second year in a row after two years of decline. Over the period under review, consumption saw a resilient expansion. Consumption of peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Production of Non-Domestic Percolators and Equipment For Cooking Or Heating Food in Bulgaria

In value terms, production of non-domestic percolators and equipment for cooking or heating food fell to $X in 2022 estimated in export price. In general, production, however, posted a remarkable increase. The pace of growth appeared the most rapid in 2018 when the production volume increased by 600% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2022, production of growth remained at a lower figure.

Exports of Non-Domestic Percolators and Equipment For Cooking Or Heating Food

Exports from Bulgaria

In 2022, approx. X units of non-domestic percolators and equipment for cooking or heating food were exported from Bulgaria; dropping by -30.2% on the previous year. Over the period under review, exports, however, recorded buoyant growth. The most prominent rate of growth was recorded in 2017 when exports increased by 100% against the previous year. As a result, the exports attained the peak of X units. From 2018 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of non-domestic percolators and equipment for cooking or heating food dropped rapidly to $X in 2022. Overall, exports, however, enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2017 when exports increased by 92%. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports of failed to regain momentum.

Exports by Country

Greece (X units) was the main destination for exports of non-domestic percolators and equipment for cooking or heating food from Bulgaria, with a 50% share of total exports. Moreover, exports of non-domestic percolators and equipment for cooking or heating food to Greece exceeded the volume sent to the second major destination, Hungary (X units), fourfold. Ukraine (X units) ranked third in terms of total exports with a 5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Greece totaled +2.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (+3,520.0% per year) and Ukraine (+50.7% per year).

In value terms, Greece ($X) remains the key foreign market for non-domestic percolators and equipment for cooking or heating food exports from Bulgaria, comprising 60% of total exports. The second position in the ranking was taken by Israel ($X), with a 5.4% share of total exports. It was followed by Armenia, with a 4.7% share.

From 2012 to 2022, the average annual growth rate of value to Greece stood at +6.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Israel (+18.6% per year) and Armenia (+48.6% per year).

Export Prices by Country

In 2022, the average export price for non-domestic percolators and equipment for cooking or heating food amounted to $X per unit, picking up by 13% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.8%. The pace of growth appeared the most rapid in 2018 when the average export price increased by 33% against the previous year. The export price peaked at $X per unit in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($X per unit), while the average price for exports to Hungary ($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 the United Arab Emirates (+176.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Domestic Percolators and Equipment For Cooking Or Heating Food

Imports into Bulgaria

In 2022, supplies from abroad of non-domestic percolators and equipment for cooking or heating food increased by 5.5% to X units, rising for the second year in a row after two years of decline. In general, imports saw prominent growth. The most prominent rate of growth was recorded in 2017 with an increase of 73% against the previous year. Imports peaked at X units in 2018; afterwards, it flattened through to 2022.

In value terms, imports of non-domestic percolators and equipment for cooking or heating food rose modestly to $X in 2022. Overall, imports recorded a prominent increase. The most prominent rate of growth was recorded in 2017 with an increase of 83% against the previous year. Over the period under review, imports of reached the peak figure at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

Italy (X units), Germany (X units) and Spain (X units) were the main suppliers of imports of non-domestic percolators and equipment for cooking or heating food to Bulgaria, with a combined 74% share of total imports. The Netherlands, Romania, Turkey, France, Ukraine, Poland and Greece lagged somewhat behind, together comprising a further 16%.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of +56.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Germany ($X) and Spain ($X) were the largest non-domestic percolators and equipment for cooking or heating food suppliers to Bulgaria, with a combined 76% share of total imports. The Netherlands, Romania, Turkey, France, Poland, Greece and Ukraine lagged somewhat behind, together accounting for a further 14%.

Among the main suppliers, the Netherlands, with a CAGR of +56.3%, saw 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 import price for non-domestic percolators and equipment for cooking or heating food stood at $X per unit in 2022, shrinking by -1.7% against the previous year. Overall, the import price saw a slight decline. The pace of growth was the most pronounced in 2014 an increase of 52%. 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.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+2.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform