Bulgaria: Market for Spray Guns And Similar Appliances 2025

Market Size for Spray Guns And Similar Appliances in Bulgaria

The Bulgarian market for spray guns and similar appliances shrank slightly to $X in 2022, falling by -3.3% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, the total consumption indicated measured growth from 2012 to 2022: its value increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +109.9% against 2014 indices. Spray guns and similar appliances consumption peaked at $X in 2021, and then shrank slightly in the following year.

Exports of Spray Guns And Similar Appliances

Exports from Bulgaria

In 2022, shipments abroad of spray guns and similar appliances decreased by -17.5% to X units, falling for the second consecutive year after two years of growth. In general, exports, however, continue to indicate strong growth. The pace of growth was the most pronounced in 2017 with an increase of 89% against the previous year. The exports peaked at X units in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, spray guns and similar appliances exports reduced sharply to $X in 2022. Overall, exports, however, posted a mild increase. The most prominent rate of growth was recorded in 2021 with an increase of 245%. As a result, the exports attained the peak of $X, and then declined notably in the following year.

Exports by Country

Romania (X units), Iraq (X units) and Serbia (X units) were the main destinations of spray guns and similar appliances exports from Bulgaria, with a combined 74% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Iraq (with a CAGR of +1,436.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for spray guns and similar appliances exported from Bulgaria were Romania ($X), Serbia ($X) and North Macedonia ($X), with a combined 48% share of total exports. Greece, Georgia, Iraq, Germany and Bosnia and Herzegovina lagged somewhat behind, together comprising a further 30%.

Iraq, with a CAGR of +418.2%, recorded the highest rates of growth with regard to 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 export price for spray guns and similar appliances amounted to $X per unit, waning by -65.5% against the previous year. Over the period under review, the export price continues to indicate a abrupt shrinkage. The pace of growth appeared the most rapid in 2021 when the average export price increased by 250% against the previous year. As a result, the export price reached the peak level of $X per unit, and then shrank sharply in the following year.

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 Germany ($X per unit), while the average price for exports to Iraq ($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 Iran (+44.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Spray Guns And Similar Appliances

Imports into Bulgaria

In 2022, the amount of spray guns and similar appliances imported into Bulgaria totaled X units, growing by 6.4% against the previous year's figure. Over the period under review, total imports indicated a buoyant increase from 2012 to 2022: its volume 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, imports decreased by -1.7% against 2020 indices. The most prominent rate of growth was recorded in 2019 when imports increased by 42% against the previous year. Over the period under review, imports reached the peak figure at X units in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, spray guns and similar appliances imports reduced to $X in 2022. Overall, imports posted strong growth. The pace of growth was the most pronounced in 2017 with an increase of 58% against the previous year. Over the period under review, imports reached the maximum at $X in 2021, and then fell in the following year.

Imports by Country

In 2022, China (X units) constituted the largest spray guns and similar appliances supplier to Bulgaria, accounting for a 52% share of total imports. Moreover, spray guns and similar appliances imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), sevenfold. The third position in this ranking was taken by Turkey (X units), with a 4.3% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +4.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+20.7% per year) and Turkey (+5.7% per year).

In value terms, China ($X) constituted the largest supplier of spray guns and similar appliances to Bulgaria, comprising 36% of total imports. The second position in the ranking was taken by Germany ($X), with a 14% share of total imports. It was followed by Belgium, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +7.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+7.6% per year) and Belgium (+6.3% per year).

Import Prices by Country

The average import price for spray guns and similar appliances stood at $X per unit in 2022, shrinking by -14.8% against the previous year. Overall, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average import price increased by 44%. The import price peaked at $X per unit in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: 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 Belgium (+12.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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