Bulgaria: Market for Pneumatic Linear Acting Actuators 2024

Market Size for Pneumatic Linear Acting Actuators in Bulgaria

The Bulgarian pneumatic linear acting actuator market totaled $X in 2022, almost unchanged from the previous year. The market value increased at an average annual rate of +3.8% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Pneumatic linear acting actuator consumption peaked in 2022 and is likely to continue growth in the near future.

Production of Pneumatic Linear Acting Actuators in Bulgaria

In value terms, pneumatic linear acting actuator production amounted to $X in 2022 estimated in export price. Over the period under review, the total production indicated mild growth from 2012 to 2022: its value increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -3.8% against 2020 indices. The pace of growth appeared the most rapid in 2020 with an increase of 18%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Exports of Pneumatic Linear Acting Actuators

Exports from Bulgaria

For the fourth consecutive year, Bulgaria recorded growth in overseas shipments of pneumatic linear acting actuators, which increased by 80% to X units in 2022. In general, exports, however, recorded a deep slump. The pace of growth was the most pronounced in 2017 when exports increased by 180%. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, pneumatic linear acting actuator exports surged to $X in 2022. Over the period under review, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of 190% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

The Netherlands (X units) was the main destination for pneumatic linear acting actuator exports from Bulgaria, accounting for a 57% share of total exports. Moreover, pneumatic linear acting actuator exports to the Netherlands exceeded the volume sent to the second major destination, Poland (X units), fivefold. Italy (X units) ranked third in terms of total exports with a 6.8% share.

From 2012 to 2022, the average annual growth rate of volume to the Netherlands was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (-12.7% per year) and Italy (+10.0% per year).

In value terms, the largest markets for pneumatic linear acting actuator exported from Bulgaria were Turkey ($X), the Netherlands ($X) and Italy ($X), with a combined 62% share of total exports. North Macedonia, Romania, Poland, Russia, Austria and Croatia lagged somewhat behind, together comprising a further 20%.

North Macedonia, with a CAGR of +42.0%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average pneumatic linear acting actuator export price amounted to $X per unit, rising by 17% against the previous year. Overall, the export price recorded prominent growth. The pace of growth was the most pronounced in 2014 when the average export price increased by 147% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per unit in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Turkey ($X per unit), while the average price for exports to Poland ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Austria (+29.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Pneumatic Linear Acting Actuators

Imports into Bulgaria

In 2022, imports of pneumatic linear acting actuators into Bulgaria rose remarkably to X units, increasing by 12% against 2021. In general, total imports indicated prominent growth from 2012 to 2022: its volume increased at an average annual rate of +7.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +52.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 36%. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, pneumatic linear acting actuator imports stood at $X in 2022. Overall, total imports indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +6.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +40.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 27%. Over the period under review, imports attained the peak figure in 2022 and are likely to continue growth in the near future.

Imports by Country

Germany (X units), Turkey (X units) and Austria (X units) were the main suppliers of pneumatic linear acting actuator imports to Bulgaria, together comprising 83% of total imports. Italy and Belgium lagged somewhat behind, together accounting for a further 12%.

From 2012 to 2022, the biggest increases were recorded for Belgium (with a CAGR of +66.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest pneumatic linear acting actuator suppliers to Bulgaria were Germany ($X), Turkey ($X) and Austria ($X), together comprising 71% of total imports. Italy and Belgium lagged somewhat behind, together accounting for a further 13%.

Belgium, with a CAGR of +58.6%, recorded the highest growth rate of the value of imports, among 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 pneumatic linear acting actuator import price stood at $X per unit in 2022, remaining relatively unchanged against the previous year. Overall, the import price showed a slight slump. The pace of growth appeared the most rapid in 2018 when the average import price increased by 21%. As a result, import price reached the peak level of $X per unit. From 2019 to 2022, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Belgium ($X per unit), while the price for Turkey ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+0.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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