Bulgaria: Wood Slicing Machine Market 2024

Wood Slicing Machine Market Size in Bulgaria

The Bulgarian wood slicing machine market expanded significantly to $X in 2021, with an increase of 9.7% against the previous year. In general, consumption, however, continues to indicate a noticeable decline. Wood slicing machine consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Wood Slicing Machine Production in Bulgaria

In value terms, wood slicing machine production expanded remarkably to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a noticeable curtailment. The most prominent rate of growth was recorded in 2014 when the production volume increased by 27%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Wood Slicing Machine Exports

Exports from Bulgaria

Wood slicing machine exports from Bulgaria surged to X units in 2021, increasing by 81% on the previous year. In general, exports enjoyed significant growth. The growth pace was the most rapid in 2015 with an increase of 3,533%. The exports peaked at X units in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, wood slicing machine exports declined sharply to $X in 2021. Over the period under review, exports, however, saw a abrupt shrinkage. The pace of growth was the most pronounced in 2015 when exports increased by 242% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

The Netherlands (X units) was the main destination for wood slicing machine exports from Bulgaria, with a 92% share of total exports. Moreover, wood slicing machine exports to the Netherlands exceeded the volume sent to the second major destination, Romania (X units), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume to the Netherlands totaled +18.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (-41.2% per year) and Greece (-10.0% per year).

In value terms, the Netherlands ($X) remains the key foreign market for splitting, slicing or paring machines exports from Bulgaria, comprising 93% of total exports. The second position in the ranking was held by Romania ($X), with a 5.3% share of total exports.

From 2012 to 2021, the average annual growth rate of value to the Netherlands totaled +30.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (-29.3% per year) and Greece (+13.2% per year).

Export Prices by Country

The average wood slicing machine export price stood at $X per unit in 2021, dropping by -75.4% against the previous year. In general, the export price continues to indicate a sharp shrinkage. The pace of growth appeared the most rapid in 2018 when the average export price increased by 83% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Greece ($X per unit), while the average price for exports to Romania ($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 Romania (+20.1%), while the prices for the other major destinations experienced more modest paces of growth.

Wood Slicing Machine Imports

Imports into Bulgaria

In 2021, approx. X units of splitting, slicing or paring machines were imported into Bulgaria; increasing by 19% against the previous year's figure. Over the period under review, imports saw prominent growth. The pace of growth appeared the most rapid in 2015 with an increase of 90% against the previous year. Imports peaked at X units in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, wood slicing machine imports reduced slightly to $X in 2021. In general, imports, however, showed a drastic downturn. The pace of growth appeared the most rapid in 2017 when imports increased by 244%. As a result, imports reached the peak of $X. From 2018 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

Serbia (X units), China (X units) and North Macedonia (X units) were the main suppliers of wood slicing machine imports to Bulgaria, together accounting for 88% 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 +15.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest wood slicing machine suppliers to Bulgaria were China ($X), Turkey ($X) and Italy ($X), with a combined 71% share of total imports. Serbia, North Macedonia, Greece and Belgium lagged somewhat behind, together comprising a further 12%.

North Macedonia, with a CAGR of +46.9%, 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 mixed trend patterns.

Import Prices by Country

The average wood slicing machine import price stood at $X per unit in 2021, dropping by -19% against the previous year. Over the period under review, the import price faced a abrupt curtailment. The most prominent rate of growth was recorded in 2017 when the average import price increased by 168%. As a result, import price attained the peak level of $X per unit. From 2018 to 2021, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Turkey ($X per unit), while the price for North Macedonia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by North Macedonia (+28.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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