Bulgaria: Thermoforming Machine Market 2025

Thermoforming Machine Market Size in Bulgaria

In 2021, the Bulgarian thermoforming machine market increased by 128% to $X for the first time since 2018, thus ending a two-year declining trend. Overall, consumption, however, recorded a perceptible reduction. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Thermoforming Machine Production in Bulgaria

In value terms, thermoforming machine production totaled less than $X in 2021 estimated in export price. In general, production saw a prominent increase. The pace of growth was the most pronounced in 2013 when the production volume increased by 98% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2021, production growth remained at a somewhat lower figure.

Thermoforming Machine Exports

Exports from Bulgaria

In 2021, the amount of thermoforming machines for working rubber or plastics exported from Bulgaria soared to X units, with an increase of 444% on the year before. In general, exports continue to indicate significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, thermoforming machine exports dropped markedly to $X in 2021. Overall, exports, however, showed a noticeable reduction. The growth pace was the most rapid in 2017 when exports increased by 86% against the previous year. The exports peaked at $X in 2020, and then shrank markedly in the following year.

Exports by Country

The Czech Republic (X units) was the main destination for thermoforming machine exports from Bulgaria, with a 93% share of total exports. Moreover, thermoforming machine exports to the Czech Republic exceeded the volume sent to the second major destination, Argentina (X units), more than tenfold. Austria (X units) ranked third in terms of total exports with a 1.5% share.

From 2012 to 2021, the average annual growth rate of volume to the Czech Republic was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Argentina (-46.7% per year) and Austria (0.0% per year).

In value terms, Argentina ($X) emerged as the key foreign market for thermoforming machines for working rubber or plastics exports from Bulgaria, comprising 83% of total exports. The second position in the ranking was held by Turkey ($X), with a 13% share of total exports. It was followed by Russia, with a 2.9% share.

From 2012 to 2021, the average annual growth rate of value to Argentina amounted to -36.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (-14.4% per year) and Russia (-18.9% per year).

Export Prices by Country

The average thermoforming machine export price stood at $X per unit in 2021, falling by -94.2% against the previous year. In general, the export price showed a sharp curtailment. The pace of growth was the most pronounced in 2014 an increase of 153% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per unit in 2016; however, from 2017 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Argentina ($X per unit), while the average price for exports to the Czech Republic ($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 Argentina (+17.7%), while the prices for the other major destinations experienced more modest paces of growth.

Thermoforming Machine Imports

Imports into Bulgaria

In 2021, supplies from abroad of thermoforming machines for working rubber or plastics decreased by -41.1% to X units, falling for the second consecutive year after two years of growth. In general, imports showed a perceptible decline. The growth pace was the most rapid in 2019 when imports increased by 158% against the previous year. As a result, imports reached the peak of X units. From 2020 to 2021, the growth of imports remained at a lower figure.

In value terms, thermoforming machine imports soared to $X in 2021. Overall, imports showed a slight curtailment. The most prominent rate of growth was recorded in 2013 with an increase of 330%. As a result, imports reached the peak of $X. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, China (X units) constituted the largest supplier of thermoforming machine to Bulgaria, with a 68% share of total imports. Moreover, thermoforming machine imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X units), fivefold. The third position in this ranking was held by Slovakia (X units), with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +32.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (-1.5% per year) and Slovakia (+81.7% per year).

In value terms, Turkey ($X), Slovakia ($X) and China ($X) appeared to be the largest thermoforming machine suppliers to Bulgaria, together accounting for 94% of total imports.

Among the main suppliers, Slovakia, with a CAGR of +243.7%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average thermoforming machine import price amounted to $X per unit, increasing by 207% against the previous year. In general, the import price saw a relatively flat trend pattern. Over the period under review, average import prices reached the peak figure at $X per unit in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Slovakia (+77.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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