Bulgaria: Market for Non-Electronic Instruments For Measuring Or Checking Variables Of Liquids Or Gases 2025

Market Size for Non-Electronic Instruments For Measuring Or Checking Variables Of Liquids Or Gases in Bulgaria

The Bulgarian market for non-electronic instruments for measuring or checking variables of liquids or gases contracted notably to $X in 2021, falling by -79.1% against the previous year. In general, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $X, and then reduced remarkably in the following year.

Production of Non-Electronic Instruments For Measuring Or Checking Variables Of Liquids Or Gases in Bulgaria

In value terms, non-electronic liquid or gas measurer production amounted to $X in 2021 estimated in export price. In general, production recorded significant growth. The growth pace was the most rapid in 2013 with an increase of 8,672%. Over the period under review, production attained the peak level at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Exports of Non-Electronic Instruments For Measuring Or Checking Variables Of Liquids Or Gases

Exports from Bulgaria

Non-electronic liquid or gas measurer exports from Bulgaria soared to X units in 2021, increasing by 19% against the year before. Over the period under review, exports recorded buoyant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 247%. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in years to come.

In value terms, non-electronic liquid or gas measurer exports skyrocketed to $X in 2021. Overall, exports showed strong growth. The pace of growth was the most pronounced in 2016 when exports increased by 118%. Over the period under review, the exports hit record highs in 2021 and are likely to continue growth in the immediate term.

Exports by Country

Germany (X units) was the main destination for non-electronic liquid or gas measurer exports from Bulgaria, with a 67% share of total exports. Moreover, non-electronic liquid or gas measurer exports to Germany exceeded the volume sent to the second major destination, Italy (X units), eightfold. The third position in this ranking was held by France (X units), with a 5.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany amounted to +72.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (-3.4% per year) and France (+152.3% per year).

In value terms, Germany ($X) remains the key foreign market for non-electronic liquid or gas measurer exports from Bulgaria, comprising 53% of total exports. The second position in the ranking was taken by Italy ($X), with a 20% share of total exports. It was followed by France, with a 3.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany stood at +88.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+2.7% per year) and France (+96.1% per year).

Export Prices by Country

The average export price for non-electronic instruments for measuring or checking variables of liquids or gases stood at $X per unit in 2021, stabilizing at the previous year. Overall, the export price, however, showed a buoyant increase. The pace of growth appeared the most rapid in 2013 when the average export price increased by 326%. The export price peaked at $X per unit in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Serbia ($X per unit), while the average price for exports to Austria ($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 Serbia (+35.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Electronic Instruments For Measuring Or Checking Variables Of Liquids Or Gases

Imports into Bulgaria

In 2021, after four years of growth, there was significant decline in overseas purchases of non-electronic instruments for measuring or checking variables of liquids or gases, when their volume decreased by -94.8% to X units. Over the period under review, imports recorded a abrupt contraction. The pace of growth appeared the most rapid in 2020 with an increase of 1,907% against the previous year. As a result, imports attained the peak of X units, and then fell dramatically in the following year.

In value terms, non-electronic liquid or gas measurer imports declined to $X in 2021. In general, imports continue to indicate a abrupt descent. The pace of growth appeared the most rapid in 2018 when imports increased by 55%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Germany (X units) constituted the largest supplier of non-electronic liquid or gas measurer to Bulgaria, with a 55% share of total imports. Moreover, non-electronic liquid or gas measurer imports from Germany exceeded the figures recorded by the second-largest supplier, Greece (X units), sevenfold. Italy (X units) ranked third in terms of total imports with a 6.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany amounted to -15.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Greece (+43.3% per year) and Italy (-13.8% per year).

In value terms, Germany ($X) constituted the largest supplier of non-electronic liquid or gas measurer to Bulgaria, comprising 54% of total imports. The second position in the ranking was held by Italy ($X), with a 10% share of total imports. It was followed by Romania, with a 6.2% share.

From 2012 to 2021, the average annual growth rate of value from Germany stood at -1.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-2.8% per year) and Romania (+24.9% per year).

Import Prices by Country

In 2021, the average import price for non-electronic instruments for measuring or checking variables of liquids or gases amounted to $X per unit, rising by 1,647% against the previous year. In general, the import price continues to indicate a prominent increase. The import price peaked at $X per unit in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the United States ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+18.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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