Bulgaria: Wood Milling Machine Market 2024

Wood Milling Machine Market Size in Bulgaria

In 2021, the Bulgarian wood milling machine market decreased by -3.1% to $X, falling for the third year in a row after three years of growth. In general, consumption recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market remained at a lower figure.

Wood Milling Machine Production in Bulgaria

In value terms, wood milling machine production rose notably to $X in 2021 estimated in export price. In general, production, however, continues to indicate a deep downturn. Wood milling machine production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Wood Milling Machine Exports

Exports from Bulgaria

In 2021, shipments abroad of planing, milling or moulding machines increased by 73% to X units, rising for the fifth consecutive year after two years of decline. In general, exports continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2017 with an increase of 99% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in the immediate term.

In value terms, wood milling machine exports soared to $X in 2021. Over the period under review, exports showed a strong expansion. The growth pace was the most rapid in 2018 with an increase of 107%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Germany (X units) was the main destination for wood milling machine exports from Bulgaria, with a 76% share of total exports. Moreover, wood milling machine exports to Germany exceeded the volume sent to the second major destination, Greece (X units), sevenfold. The third position in this ranking was taken by Russia (X units), with a 9.7% share.

From 2012 to 2021, the average annual growth rate of volume to Germany amounted to +98.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Greece (+72.5% per year) and Russia (-6.2% per year).

In value terms, Germany ($X) remains the key foreign market for planing, milling or moulding machines exports from Bulgaria, comprising 82% of total exports. The second position in the ranking was taken by Russia ($X), with a 9.1% share of total exports. It was followed by Greece, with a 6.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany amounted to +74.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (-11.1% per year) and Greece (+68.1% per year).

Export Prices by Country

The average wood milling machine export price stood at $X per unit in 2021, waning by -10.6% against the previous year. Overall, the export price saw a perceptible slump. The growth pace was the most rapid in 2018 an increase of 59%. Over the period under review, the average export prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to Romania ($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 Greece (-2.6%), while the prices for the other major destinations experienced a decline.

Wood Milling Machine Imports

Imports into Bulgaria

In 2021, approx. X units of planing, milling or moulding machines were imported into Bulgaria; picking up by 44% compared with 2020. Overall, imports showed a buoyant increase. The most prominent rate of growth was recorded in 2014 with an increase of 247% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the immediate term.

In value terms, wood milling machine imports skyrocketed to $X in 2021. In general, imports, however, continue to indicate a mild setback. The pace of growth appeared the most rapid in 2017 when imports increased by 82% against the previous year. Over the period under review, imports attained the peak figure at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Austria (X units), China (X units) and the Netherlands (X units) were the main suppliers of wood milling machine imports to Bulgaria, with a combined 71% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Austria (with a CAGR of +38.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Turkey ($X) and Austria ($X) constituted the largest wood milling machine suppliers to Bulgaria, with a combined 58% share of total imports. Germany, the Netherlands, Romania and Poland lagged somewhat behind, together comprising a further 17%.

Romania, with a CAGR of +35.3%, saw the highest rates of growth with regard to 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

In 2021, the average wood milling machine import price amounted to $X per unit, reducing by -12.9% against the previous year. Over the period under review, the import price saw a abrupt setback. The pace of growth appeared the most rapid in 2015 an increase of 96%. The import price peaked at $X per unit in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Turkey ($X per unit), while the price for the Netherlands ($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 (+29.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :