Bulgaria: Super-Heated Water Boiler Market 2024

Super-Heated Water Boiler Market Size in Bulgaria

The Bulgarian super-heated water boiler market dropped markedly to $X in 2021, falling by -21.7% against the previous year. In general, consumption, however, showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market failed to regain momentum.

Super-Heated Water Boiler Production in Bulgaria

In value terms, super-heated water boiler production contracted to $X in 2021 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 40% against the previous year. As a result, production reached the peak level of $X, and then contracted in the following year.

Super-Heated Water Boiler Exports

Exports from Bulgaria

In 2021, approx. X tons of super-heated water boilers were exported from Bulgaria; growing by 1,966% against the previous year's figure. In general, exports enjoyed resilient growth. The pace of growth appeared the most rapid in 2015 with an increase of 139,846% against the previous year. As a result, the exports reached the peak of X tons. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, super-heated water boiler exports surged to $X in 2021. Over the period under review, exports saw resilient growth. The pace of growth was the most pronounced in 2015 when exports increased by 3,916% against the previous year. As a result, the exports attained the peak of $X. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Belgium (X tons) was the main destination for super-heated water boiler exports from Bulgaria, accounting for a 62% share of total exports. Moreover, super-heated water boiler exports to Belgium exceeded the volume sent to the second major destination, Greece (X tons), twofold. Moldova (X kg) ranked third in terms of total exports with a 3.1% share.

From 2012 to 2021, the average annual growth rate of volume to Belgium was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Greece (-5.6% per year) and Moldova (0.0% per year).

In value terms, Belgium ($X), Greece ($X) and the UK ($X) were the largest markets for super-heated water boiler exported from Bulgaria worldwide, together accounting for 75% of total exports. Serbia and Moldova lagged somewhat behind, together accounting for a further 16%.

Serbia, with a CAGR of +74.8%, saw 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 2021, the average super-heated water boiler export price amounted to $X per ton, declining by -75.5% against the previous year. Overall, the export price, however, continues to indicate a prominent expansion. The most prominent rate of growth was recorded in 2016 an increase of 1,873%. Over the period under review, the average export prices attained the maximum at $X per ton in 2014; however, from 2015 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, the country with the highest price was the UK ($X per ton), while the average price for exports to Belgium ($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 Greece (+5.9%).

Super-Heated Water Boiler Imports

Imports into Bulgaria

In 2021, super-heated water boiler imports into Bulgaria reduced markedly to X tons, with a decrease of -48.5% against the previous year. In general, imports, however, recorded a measured expansion. The pace of growth was the most pronounced in 2017 with an increase of 13,917% against the previous year. As a result, imports reached the peak of X tons. From 2018 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, super-heated water boiler imports reduced dramatically to $X in 2021. Over the period under review, imports, however, showed resilient growth. The pace of growth was the most pronounced in 2017 with an increase of 63,372%. As a result, imports attained the peak of $X. From 2018 to 2021, the growth of imports remained at a lower figure.

Imports by Country

Germany (X tons) and China (X tons) were the main suppliers of super-heated water boiler imports to Bulgaria.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (with a CAGR of +14.4%).

In value terms, the largest super-heated water boiler suppliers to Bulgaria were China ($X) and Germany ($X).

Germany, with a CAGR of +19.2%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review.

Import Prices by Country

In 2021, the average super-heated water boiler import price amounted to $X per ton, jumping by 33% against the previous year. In general, the import price continues to indicate a remarkable increase. The pace of growth appeared the most rapid in 2017 an increase of 353%. As a result, import price reached the peak level of $X per ton. From 2018 to 2021, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was China ($X per ton), while the price for Germany amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+10.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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