Bulgaria: Non-Electric Pulley Tackle Market 2024

Non-Electric Pulley Tackle Market Size in Bulgaria

The Bulgarian non-electric pulley tackle market soared to $X in 2022, growing by 67% against the previous year. Over the period under review, consumption, however, saw a pronounced shrinkage. Non-electric pulley tackle consumption peaked at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Non-Electric Pulley Tackle Production in Bulgaria

In value terms, non-electric pulley tackle production soared to $X in 2022 estimated in export price. In general, production, however, continues to indicate a deep slump. The pace of growth appeared the most rapid in 2020 with an increase of 361%. Over the period under review, production hit record highs at $X in 2015; however, from 2016 to 2022, production stood at a somewhat lower figure.

Non-Electric Pulley Tackle Exports

Exports from Bulgaria

In 2022, the amount of pulley tackle and hoists, non-powered by electric motor exported from Bulgaria contracted to X units, shrinking by -4% compared with the previous year. The total export volume increased at an average annual rate of +2.3% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 with an increase of 45%. As a result, the exports reached the peak of X units. From 2019 to 2022, the growth of the exports failed to regain momentum.

In value terms, non-electric pulley tackle exports totaled $X in 2022. Over the period under review, total exports indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +26.6% against 2020 indices. The most prominent rate of growth was recorded in 2014 when exports increased by 59% against the previous year. Over the period under review, the exports reached the maximum at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Italy (X units) was the main destination for non-electric pulley tackle exports from Bulgaria, with a approx. 97% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Italy totaled +2.1%.

In value terms, Italy ($X) also remains the key foreign market for pulley tackle and hoists, non-powered by electric motor exports from Bulgaria.

From 2012 to 2022, the average annual rate of growth in terms of value to Italy stood at +5.7%.

Export Prices by Country

The average non-electric pulley tackle export price stood at $X per unit in 2022, with an increase of 5.1% against the previous year. Over the last decade, it increased at an average annual rate of +3.2%. The growth pace was the most rapid in 2014 when the average export price increased by 17% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is expected to retain growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Italy.

From 2012 to 2022, the rate of growth in terms of prices for Italy amounted to +3.5% per year.

Non-Electric Pulley Tackle Imports

Imports into Bulgaria

In 2022, overseas purchases of pulley tackle and hoists, non-powered by electric motor increased by 46% to X units, rising for the second year in a row after two years of decline. Over the period under review, imports recorded a prominent expansion. The most prominent rate of growth was recorded in 2014 when imports increased by 86% against the previous year. Over the period under review, imports attained the peak figure at X units in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, non-electric pulley tackle imports skyrocketed to $X in 2022. Overall, imports posted a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X units), Italy (X units) and Poland (X units) were the main suppliers of non-electric pulley tackle imports to Bulgaria, with a combined 87% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of +39.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X) constituted the largest supplier of pulley tackle and hoists, non-powered by electric motor to Bulgaria, comprising 83% of total imports. The second position in the ranking was taken by China ($X), with a 6.8% share of total imports. It was followed by Poland, with a 4.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Italy stood at +37.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+12.8% per year) and Poland (+9.7% per year).

Import Prices by Country

The average non-electric pulley tackle import price stood at $X per unit in 2022, surging by 31% against the previous year. Over the period under review, the import price enjoyed perceptible growth. The most prominent rate of growth was recorded in 2019 an increase of 59%. Over the period under review, average import prices attained the maximum at $X per unit in 2014; however, from 2015 to 2022, import prices stood at a somewhat 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 Italy ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+1.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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