Bulgaria: Non-Numerically Controlled Lathe Market 2024

Non-Numerically Controlled Lathe Market Size in Bulgaria

In 2021, the Bulgarian non-numerically controlled lathe market decreased by -19.4% to $X, falling for the sixth consecutive year after four years of growth. Over the period under review, consumption saw a deep reduction. As a result, consumption attained the peak level of $X. From 2016 to 2021, the growth of the market failed to regain momentum.

Non-Numerically Controlled Lathe Production in Bulgaria

In value terms, non-numerically controlled lathe production rose modestly to $X in 2021 estimated in export price. Over the period under review, production, however, saw a noticeable curtailment. The most prominent rate of growth was recorded in 2014 with an increase of 47% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2021, production growth remained at a somewhat lower figure.

Non-Numerically Controlled Lathe Exports

Exports from Bulgaria

In 2021, the amount of non-numerically controlled horizontal lathes, for removing metal exported from Bulgaria soared to X units, picking up by 30% compared with the previous year. Overall, exports enjoyed a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 751% against the previous year. Over the period under review, the non-numerically controlled laexports attained the peak figure in 2021 and are expected to retain growth in the immediate term.

In value terms, non-numerically controlled lathe exports surged to $X in 2021. Over the period under review, exports, however, saw a pronounced slump. Over the period under review, the non-numerically controlled laexports attained the peak figure at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

Egypt (X units), Turkey (X units) and Italy (X units) were the main destinations of non-numerically controlled lathe exports from Bulgaria, with a combined 47% share of total exports. Russia, the United States, Germany, Norway, Poland, Austria, Vietnam, the Netherlands and the United Arab Emirates lagged somewhat behind, together comprising a further 37%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Vietnam (with a CAGR of +102.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for non-numerically controlled lathe exported from Bulgaria were Italy ($X), Russia ($X) and Turkey ($X), together comprising 40% of total exports. The United States, Egypt, Poland, Germany, Austria, the Netherlands, Norway, Vietnam and the United Arab Emirates lagged somewhat behind, together comprising a further 38%.

In terms of the main countries of destination, Austria, with a CAGR of +26.1%, 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

In 2021, the average non-numerically controlled lathe export price amounted to $X per unit, picking up by 5.1% against the previous year. Overall, the export price, however, faced a sharp decrease. The most prominent rate of growth was recorded in 2019 when the average export price increased by 22%. As a result, the export price reached the peak level of $X per unit. From 2020 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Russia ($X per unit), while the average price for exports to the United Arab Emirates ($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 the United Arab Emirates (-13.4%), while the prices for the other major destinations experienced a decline.

Non-Numerically Controlled Lathe Imports

Imports into Bulgaria

In 2021, the amount of non-numerically controlled horizontal lathes, for removing metal imported into Bulgaria soared to X units, rising by 69% on the year before. In general, imports posted a significant increase. The most prominent rate of growth was recorded in 2015 with an increase of 703%. As a result, imports reached the peak of X units. From 2016 to 2021, the growth of imports failed to regain momentum.

In value terms, non-numerically controlled lathe imports contracted to $X in 2021. Over the period under review, imports continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2018 when imports increased by 184% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, Italy (X units) constituted the largest supplier of non-numerically controlled lathe to Bulgaria, accounting for a 45% share of total imports. Moreover, non-numerically controlled lathe imports from Italy exceeded the figures recorded by the second-largest supplier, China (X units), twofold. Germany (X units) ranked third in terms of total imports with a 16% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Italy totaled +76.8%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+25.4% per year) and Germany (+6.6% per year).

In value terms, the largest non-numerically controlled lathe suppliers to Bulgaria were Germany ($X), China ($X) and Italy ($X), with a combined 72% share of total imports.

Italy, with a CAGR of +107.7%, saw the highest growth rate of 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

The average non-numerically controlled lathe import price stood at $X per unit in 2021, reducing by -47% against the previous year. Over the period under review, the import price recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2018 an increase of 547%. As a result, import price reached the peak level of $X per unit. From 2019 to 2021, the average import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Austria (-4.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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