Report Update Nov 1, 2024

Bulgaria - Non-Electric Industrial or Laboratory Furnaces and Ovens - Market Analysis, Forecast, Size, Trends and Insights

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Bulgaria: Non-Electric Industrial Furnace Market 2024

Non-Electric Industrial Furnace Exports

Exports from Bulgaria

In 2022, shipments abroad of non-electric industrial or laboratory furnaces and ovens was finally on the rise to reach X units after two years of decline. Over the period under review, exports, however, recorded a slight setback. The pace of growth was the most pronounced in 2019 when exports increased by 622%. Over the period under review, the exports attained the peak figure at X units in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, non-electric industrial furnace exports skyrocketed to $X in 2022. In general, exports posted a resilient expansion. The growth pace was the most rapid in 2013 with an increase of 350%. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Turkey (X units) was the main destination for non-electric industrial furnace exports from Bulgaria, with a 70% share of total exports. Moreover, non-electric industrial furnace exports to Turkey exceeded the volume sent to the second major destination, Italy (X units), fivefold. The third position in this ranking was taken by Armenia (X units), with an 8.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Turkey was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+36.1% per year) and Armenia (+10.4% per year).

In value terms, the largest markets for non-electric industrial furnace exported from Bulgaria were Italy ($X), India ($X) and Turkey ($X), together comprising 76% of total exports.

In terms of the main countries of destination, India, with a CAGR of +49.9%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average non-electric industrial furnace export price stood at $X per unit in 2022, which is down by -52.5% against the previous year. Over the period under review, the export price, however, saw resilient growth. The pace of growth appeared the most rapid in 2014 when the average export price increased by 259%. The export price peaked at $X per unit in 2021, and then reduced remarkably in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($X per unit), while the average price for exports to Turkey ($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 Armenia (+21.0%), while the prices for the other major destinations experienced a decline.

Non-Electric Industrial Furnace Imports

Imports into Bulgaria

In 2022, approx. X units of non-electric industrial or laboratory furnaces and ovens were imported into Bulgaria; increasing by 495% compared with the year before. In general, imports, however, showed a abrupt descent. Over the period under review, imports hit record highs at X units in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, non-electric industrial furnace imports surged to $X in 2022. Over the period under review, imports, however, faced a deep setback. Imports peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

Turkey (X units), Italy (X units) and Ukraine (X units) were the main suppliers of non-electric industrial furnace imports to Bulgaria, with a combined 97% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of +13.3%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, Italy ($X), Turkey ($X) and Ukraine ($X) appeared to be the largest non-electric industrial furnace suppliers to Bulgaria, together accounting for 96% of total imports.

In terms of the main suppliers, Italy, with a CAGR of +17.0%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average non-electric industrial furnace import price amounted to $X per unit, increasing by 66% against the previous year. Overall, the import price enjoyed a notable increase. The growth pace was the most rapid in 2017 an increase of 127% against the previous year. The import price peaked at $X per unit in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (+15.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for non-electric industrial or laboratory furnaces and ovens in the world?

The countries with the highest volumes of in 2021 were Indonesia, China and France, with a combined 50% share of global consumption.

What are the largest producers of non-electric industrial or laboratory furnaces and ovens in the world?

The country with the largest volume of non-electric industrial furnace production was China, accounting for 34% of total volume. Moreover, non-electric industrial furnace production in China exceeded the figures recorded by the second-largest producer, France, threefold. The third position in this ranking was occupied by India, with an 8.9% share.

What are the leading suppliers of non-electric industrial or laboratory furnaces and ovens to Bulgaria?

In value terms, the largest non-electric industrial furnace suppliers to Bulgaria were Lithuania, Germany and Turkey, together accounting for 83% of total imports.

What are the leading importers of non-electric industrial or laboratory furnaces and ovens from Bulgaria?

In value terms, India remains the key foreign market for non-electric industrial furnace exports from Bulgaria, comprising 41% of total exports. The second position in the ranking was occupied by Bangladesh, with a 19% share of total exports. It was followed by San Marino, with a 10% share.

What is the average export price for non-electric industrial or laboratory furnaces and ovens in Bulgaria?

The average non-electric industrial furnace export price stood at $2,777 per unit in 2021, with an increase of 25% against the previous year.

What is the average import price for non-electric industrial or laboratory furnaces and ovens in Bulgaria?

The average non-electric industrial furnace import price stood at $1,048 per unit in 2021, picking up by 2.3% against the previous year.

This report provides an in-depth analysis of the non-electric industrial furnace 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 28211270 - Industrial or laboratory furnaces and ovens, non-electric, i ncluding incinerators (excluding those for the roasting, m elting or other heat treatment of ores, pyrites or metals, b akery ovens, drying ovens and ovens for cracking operations)

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