Bulgaria: Screwdriver Market 2025

Screwdriver Market Size in Bulgaria

The Bulgarian screwdriver market was finally on the rise to reach $X in 2021, after two years of decline. Overall, consumption posted a strong expansion. Over the period under review, the market attained the peak level at $X in 2018; afterwards, it flattened through to 2021.

Screwdriver Exports

Exports from Bulgaria

After two years of decline, overseas shipments of screwdrivers increased by 112% to X tons in 2021. Overall, exports showed a buoyant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, screwdriver exports soared to $X in 2021. In general, exports saw significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

San Marino (X tons) was the main destination for screwdriver exports from Bulgaria, with a 28% share of total exports. Moreover, screwdriver exports to San Marino exceeded the volume sent to the second major destination, Serbia (X tons), twofold. The third position in this ranking was taken by the Czech Republic (X tons), with an 11% share.

From 2012 to 2021, the average annual growth rate of volume to San Marino was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Serbia (+6.1% per year) and the Czech Republic (+92.1% per year).

In value terms, Poland ($X) emerged as the key foreign market for screwdrivers exports from Bulgaria, comprising 37% of total exports. The second position in the ranking was taken by the Czech Republic ($X), with a 14% share of total exports. It was followed by San Marino, with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Poland stood at +92.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (+77.7% per year) and San Marino (0.0% per year).

Export Prices by Country

In 2021, the average screwdriver export price amounted to $X per ton, growing by 19% against the previous year. Overall, the export price showed a buoyant expansion. The growth pace was the most rapid in 2015 an increase of 53%. Over the period under review, the average export prices hit record highs in 2021 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Poland ($X per ton), while the average price for exports to Turkey ($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 Poland (+20.6%), while the prices for the other major destinations experienced more modest paces of growth.

Screwdriver Imports

Imports into Bulgaria

In 2021, supplies from abroad of screwdrivers was finally on the rise to reach X tons after three years of decline. Overall, total imports indicated a remarkable increase from 2012 to 2021: its volume increased at an average annual rate of +7.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -4.8% against 2017 indices. The pace of growth was the most pronounced in 2014 when imports increased by 32% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, screwdriver imports soared to $X in 2021. In general, imports posted a buoyant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of screwdriver to Bulgaria, accounting for a 60% share of total imports. Moreover, screwdriver imports from China exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold. Taiwan (Chinese) (X tons) ranked third in terms of total imports with a 7.1% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +6.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+16.8% per year) and Taiwan (Chinese) (+7.9% per year).

In value terms, the largest screwdriver suppliers to Bulgaria were Germany ($X), China ($X) and Taiwan (Chinese) ($X), together comprising 85% of total imports. These countries were followed by the Czech Republic, Singapore and Turkey, which together accounted for a further 6.6%.

Singapore, with a CAGR of +958.0%, saw 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 screwdriver import price stood at $X per ton in 2021, growing by 19% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.3%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the Czech Republic ($X per ton), while the price for Singapore ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+6.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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