Report Update Nov 1, 2024

Bulgaria - Steam Turbines and Other Vapor Turbines - Market Analysis, Forecast, Size, Trends and Insights

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Bulgaria: Steam Turbine Market 2024

Steam Turbine Market Size in Bulgaria

The Bulgarian steam turbine market rose markedly to $X in 2021, with an increase of 10% against the previous year. In general, consumption posted significant growth. Steam turbine consumption peaked at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.

Steam Turbine Production in Bulgaria

In value terms, steam turbine production expanded sharply to $X in 2021 estimated in export price. Over the period under review, production continues to indicate significant growth. The most prominent rate of growth was recorded in 2014 when the production volume increased by 1,027% against the previous year. Steam turbine production peaked at $X in 2017; however, from 2018 to 2021, production stood at a somewhat lower figure.

Steam Turbine Exports

Exports from Bulgaria

In 2019, shipments abroad of steam turbines and other vapor turbines decreased by 0% to X units, falling for the fifth consecutive year after three years of growth. Over the period under review, exports showed a significant decline. The growth pace was the most rapid in 2013 with an increase of 8,933%. Over the period under review, the exports reached the maximum at X units in 2014; however, from 2015 to 2019, the exports stood at a somewhat lower figure.

In value terms, steam turbine exports fell remarkably to $X in 2019. Overall, exports saw a significant curtailment. The pace of growth was the most pronounced in 2013 when exports increased by 2,329% against the previous year. Over the period under review, the exports attained the maximum at $X in 2015; however, from 2016 to 2019, the exports failed to regain momentum.

Exports by Country

The Netherlands (X units) was the main destination for steam turbine exports from Bulgaria, accounting for a approx. 100% share of total exports.

From 2012 to 2019, the average annual rate of growth in terms of volume to the Netherlands was relatively modest.

In value terms, Kazakhstan ($X) also remains the key foreign market for steam turbines and other vapor turbines exports from Bulgaria.

From 2012 to 2019, the average annual rate of growth in terms of value to Kazakhstan stood at -75.3%.

Export Prices by Country

In 2018, the average steam turbine export price amounted to $X per unit, increasing by 272% against the previous year. Over the period under review, the export price continues to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2017 an increase of 344% against the previous year. The export price peaked in 2018 and is likely to see steady growth in the near future.

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

From 2012 to 2018, the rate of growth in terms of prices for the Netherlands amounted to -2.8% per year.

Steam Turbine Imports

Imports into Bulgaria

In 2020, the amount of steam turbines and other vapor turbines imported into Bulgaria shrank remarkably to X units, dropping by -34.7% on the year before. In general, imports, however, continue to indicate a resilient increase. The pace of growth was the most pronounced in 2018 when imports increased by 277%. As a result, imports reached the peak of X units. From 2019 to 2020, the growth of imports remained at a lower figure.

In value terms, steam turbine imports contracted rapidly to $X in 2020. Over the period under review, imports faced a deep slump. The growth pace was the most rapid in 2018 when imports increased by 82% against the previous year. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2020, imports stood at a somewhat lower figure.

Imports by Country

The Czech Republic (X units) and China (X units) were the main suppliers of steam turbine imports to Bulgaria.

From 2012 to 2020, the biggest increases were recorded for the Czech Republic (with a CAGR of +8.6%).

In value terms, the Czech Republic ($X) constituted the largest supplier of steam turbines and other vapor turbines to Bulgaria, comprising 71% of total imports. The second position in the ranking was taken by China ($X), with a 29% share of total imports.

From 2012 to 2020, the average annual growth rate of value from the Czech Republic was relatively modest.

Import Prices by Country

In 2020, the average steam turbine import price amounted to $X per unit, increasing by 13% against the previous year. Over the period under review, the import price, however, saw a abrupt shrinkage. Over the period under review, average import prices attained the peak figure at $X per unit in 2014; however, from 2015 to 2020, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was the Czech Republic ($X per unit), while the price for China totaled $X per unit.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by Italy (+10.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for steam turbines and other vapor turbines in the world?

The countries with the highest volumes of in 2021 were China, India and Indonesia, with a combined 72% share of global consumption. These countries were followed by Sweden, Turkey, Germany, Japan and Mongolia, which together accounted for a further 16%.

What are the largest producers of steam turbines and other vapor turbines in the world?

The countries with the highest volumes of in 2021 were China, India and Sweden, with a combined 82% share of global production.

What are the leading suppliers of steam turbines and other vapor turbines to Bulgaria?

In value terms, the Czech Republic constituted the largest supplier of steam turbine to Bulgaria, comprising 71% of total imports. The second position in the ranking was occupied by China, with a 29% share of total imports.

What are the leading importers of steam turbines and other vapor turbines from Bulgaria?

In value terms, Kazakhstan remains the key foreign market for steam turbine exports from Bulgaria.

What is the average export price for steam turbines and other vapor turbines in Bulgaria?

In 2018, the average steam turbine export price amounted to $15,739 per unit, growing by 469% against the previous year.

What is the average import price for steam turbines and other vapor turbines in Bulgaria?

The average steam turbine import price stood at $259 per unit in 2020, with an increase of 49% against the previous year.

This report provides an in-depth analysis of the steam turbine market in Bulgaria. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 28112130 -
Prodcom 28112150 -

Country coverage:

Bulgaria

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Bulgaria
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023