Bulgaria: Steam Blasting Machine Market 2024

Steam Blasting Machine Market Size in Bulgaria

The Bulgarian steam blasting machine market soared to $X in 2021, surging by 39% 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). In general, consumption recorded a resilient increase. Steam blasting machine consumption peaked in 2021 and is expected to retain growth in years to come.

Steam Blasting Machine Exports

Exports from Bulgaria

In 2021, approx. X units of steam or sand blasting machines and similar jet-projecting machines were exported from Bulgaria; jumping by 47% against the previous year's figure. Over the period under review, exports continue to indicate a resilient increase. The pace of growth was the most pronounced in 2015 when exports increased by 107%. The exports peaked in 2021 and are likely to see gradual growth in years to come.

In value terms, steam blasting machine exports surged to $X in 2021. Overall, exports saw a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Romania (X units), Germany (X units) and the Netherlands (X units) were the main destinations of steam blasting machine exports from Bulgaria, together comprising 52% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Netherlands (with a CAGR of +279.3%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the key foreign market for steam or sand blasting machines and similar jet-projecting machines exports from Bulgaria, comprising 59% of total exports. The second position in the ranking was held by the Netherlands ($X), with a 9.8% share of total exports. It was followed by Belgium, with a 6.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany amounted to +24.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+390.4% per year) and Belgium (+81.1% per year).

Export Prices by Country

The average steam blasting machine export price stood at $X per unit in 2021, growing by 5.4% against the previous year. Over the period under review, the export price posted a buoyant increase. The most prominent rate of growth was recorded in 2013 an increase of 181% against the previous year. Over the period under review, the average export prices attained the maximum at $X per unit in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to Croatia ($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 Belgium (+22.4%), while the prices for the other major destinations experienced more modest paces of growth.

Steam Blasting Machine Imports

Imports into Bulgaria

In 2021, purchases abroad of steam or sand blasting machines and similar jet-projecting machines increased by 48% to X units, rising for the second consecutive year after two years of decline. Over the period under review, total imports indicated a strong expansion from 2012 to 2021: its volume increased at an average annual rate of +5.3% 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 increased by +74.0% against 2019 indices. The most prominent rate of growth was recorded in 2013 with an increase of 61% against the previous year. As a result, imports reached the peak of X units. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, steam blasting machine imports skyrocketed to $X in 2021. Overall, imports recorded a prominent increase. The most prominent rate of growth was recorded in 2013 when imports increased by 101%. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2021, Slovakia (X units) constituted the largest steam blasting machine supplier to Bulgaria, with a 47% share of total imports. Moreover, steam blasting machine imports from Slovakia exceeded the figures recorded by the second-largest supplier, Germany (X units), twofold. The third position in this ranking was taken by China (X units), with a 9.8% share.

From 2012 to 2021, the average annual growth rate of volume from Slovakia totaled +194.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+18.0% per year) and China (+9.3% per year).

In value terms, Slovakia ($X) constituted the largest supplier of steam or sand blasting machines and similar jet-projecting machines to Bulgaria, comprising 53% of total imports. The second position in the ranking was taken by Germany ($X), with a 15% share of total imports. It was followed by China, with a 5.9% share.

From 2012 to 2021, the average annual growth rate of value from Slovakia stood at +255.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+21.1% per year) and China (+17.3% per year).

Import Prices by Country

The average steam blasting machine import price stood at $X per unit in 2021, declining by -8.7% against the previous year. Overall, import price indicated a prominent increase from 2012 to 2021: its price increased at an average annual rate of +7.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, steam blasting machine import price increased by +68.9% against 2018 indices. The pace of growth was the most pronounced in 2019 an increase of 65%. Over the period under review, average import prices reached the maximum at $X per unit in 2020, and then fell in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Slovenia (+20.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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