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

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

The Bulgarian numerically controlled drilling machine market skyrocketed to $X in 2021, picking up by 1,147% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption recorded noticeable growth. Numerically controlled drilling machine consumption peaked at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Exports of Numerically Controlled Drilling Machines For Working Metal

Exports from Bulgaria

In 2021, overseas shipments of numerically controlled drilling machines for working metal decreased by -86.2% to X tons for the first time since 2018, thus ending a two-year rising trend. Over the period under review, exports, however, recorded pronounced growth. The most prominent rate of growth was recorded in 2019 when exports increased by 4,177% against the previous year. The exports peaked at X tons in 2020, and then contracted dramatically in the following year.

In value terms, numerically controlled drilling machine exports contracted rapidly to $X in 2021. In general, exports, however, showed a temperate increase. The pace of growth was the most pronounced in 2019 when exports increased by 4,107%. Over the period under review, the exports attained the maximum at $X in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

Exports by Country

Turkey (X tons) was the main destination for numerically controlled drilling machine exports from Bulgaria, with a 79% share of total exports. Moreover, numerically controlled drilling machine exports to Turkey exceeded the volume sent to the second major destination, Iraq (X kg), sevenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Turkey stood at +15.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iraq (0.0% per year) and Ukraine (0.0% per year).

In value terms, Ukraine ($X) emerged as the key foreign market for numerically controlled drilling machines for working metal exports from Bulgaria, comprising 70% of total exports. The second position in the ranking was taken by Turkey ($X), with a 29% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Ukraine was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (+50.4% per year) and Iraq (0.0% per year).

Export Prices by Country

The average numerically controlled drilling machine export price stood at $X per ton in 2021, rising by 10% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 an increase of 34% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2016; however, from 2017 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Ukraine ($X per ton), while the average price for exports to Iraq ($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 Turkey (+30.4%).

Imports of Numerically Controlled Drilling Machines For Working Metal

Imports into Bulgaria

In 2021, the amount of numerically controlled drilling machines for working metal imported into Bulgaria skyrocketed to X tons, surging by 173% against the previous year. Overall, imports recorded strong growth. The most prominent rate of growth was recorded in 2016 with an increase of 635%. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, numerically controlled drilling machine imports expanded slightly to $X in 2021. In general, imports, however, recorded a perceptible setback. The most prominent rate of growth was recorded in 2014 with an increase of 211% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports remained at a lower figure.

Imports by Country

Italy (X tons), South Korea (X tons) and China (X tons) were the main suppliers of numerically controlled drilling machine imports to Bulgaria, together comprising 72% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +41.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X) constituted the largest supplier of numerically controlled drilling machines for working metal to Bulgaria, comprising 57% of total imports. The second position in the ranking was held by the Czech Republic ($X), with a 23% share of total imports. It was followed by China, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Italy stood at +29.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (-3.8% per year) and China (+32.2% per year).

Import Prices by Country

In 2021, the average numerically controlled drilling machine import price amounted to $X per ton, dropping by -61.8% against the previous year. In general, the import price saw a abrupt downturn. The pace of growth was the most pronounced in 2015 an increase of 124%. As a result, import price attained the peak level of $X per ton. From 2016 to 2021, the average 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 Italy ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+31.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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