Bulgaria: Market for Non-Numerically Controlled Drilling Machines For Working Metal 2024

Market Size for Non-Numerically Controlled Drilling Machines For Working Metal in Bulgaria

The Bulgarian non-numerically controlled drilling machine market reduced to $X in 2021, with a decrease of -7.8% against the previous year. In general, consumption, however, showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Non-Numerically Controlled Drilling Machines For Working Metal in Bulgaria

In value terms, non-numerically controlled drilling machine production stood at $X in 2021 estimated in export price. Over the period under review, production saw a deep setback. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Exports of Non-Numerically Controlled Drilling Machines For Working Metal

Exports from Bulgaria

In 2021, overseas shipments of non-numerically controlled drilling machines for working metal increased by 9.1% to X tons for the first time since 2017, thus ending a three-year declining trend. In general, exports, however, saw a abrupt contraction. The most prominent rate of growth was recorded in 2017 with an increase of 37%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, non-numerically controlled drilling machine exports reduced markedly to $X in 2021. Over the period under review, exports, however, showed a dramatic setback. The growth pace was the most rapid in 2019 when exports increased by 33% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Egypt (X tons) was the main destination for non-numerically controlled drilling machine exports from Bulgaria, with a 55% share of total exports. Moreover, non-numerically controlled drilling machine exports to Egypt exceeded the volume sent to the second major destination, India (X tons), threefold. The third position in this ranking was taken by Iran (X tons), with a 12% share.

From 2012 to 2021, the average annual growth rate of volume to Egypt amounted to -3.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+0.7% per year) and Iran (-17.9% per year).

In value terms, Egypt ($X) remains the key foreign market for non-numerically controlled drilling machines for working metal exports from Bulgaria, comprising 39% of total exports. The second position in the ranking was taken by India ($X), with an 11% share of total exports. It was followed by Turkey, with an 8.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Egypt stood at -10.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+0.6% per year) and Turkey (-29.7% per year).

Export Prices by Country

In 2021, the average non-numerically controlled drilling machine export price amounted to $X per ton, declining by -22.5% against the previous year. Over the period under review, the export price showed a deep reduction. The most prominent rate of growth was recorded in 2019 when the average export price increased by 58% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Germany ($X per ton), while the average price for exports to Iran ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+18.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Numerically Controlled Drilling Machines For Working Metal

Imports into Bulgaria

In 2021, purchases abroad of non-numerically controlled drilling machines for working metal increased by 45% to X tons for the first time since 2017, thus ending a three-year declining trend. Overall, imports saw a resilient increase. The most prominent rate of growth was recorded in 2017 with an increase of 572%. As a result, imports reached the peak of X tons. From 2018 to 2021, the growth of imports remained at a lower figure.

In value terms, non-numerically controlled drilling machine imports dropped notably to $X in 2021. In general, imports continue to indicate measured growth. The pace of growth was the most pronounced in 2017 with an increase of 378% against the previous year. As a result, imports attained the peak of $X. From 2018 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

South Korea (X tons), China (X tons) and Germany (X tons) were the main suppliers of non-numerically controlled drilling machine imports to Bulgaria, together comprising 75% of total imports. These countries were followed by Switzerland, Turkey, Romania, the UK and Austria, which together accounted for a further 21%.

From 2012 to 2021, the biggest increases were recorded for the UK (with a CAGR of +47.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of non-numerically controlled drilling machines for working metal to Bulgaria, comprising 42% of total imports. The second position in the ranking was held by China ($X), with a 17% share of total imports. It was followed by South Korea, with a 9% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany amounted to +6.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+7.1% per year) and South Korea (0.0% per year).

Import Prices by Country

The average non-numerically controlled drilling machine import price stood at $X per ton in 2021, shrinking by -52.8% against the previous year. Overall, the import price recorded a pronounced decrease. The most prominent rate of growth was recorded in 2018 when the average import price increased by 44% against the previous year. As a result, import price attained the peak level of $X per ton. From 2019 to 2021, the average import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was the UK ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+15.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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