Bulgaria: Metal Threading Machine Market 2024

Metal Threading Machine Market Size in Bulgaria

The Bulgarian metal threading machine market rose remarkably to $X in 2021, with an increase of 8.5% against the previous year. Overall, consumption, however, saw a pronounced curtailment. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Metal Threading Machine Production in Bulgaria

In value terms, metal threading machine production dropped remarkably to $X in 2021 estimated in export price. In general, production showed a sharp slump. Over the period under review, production attained the peak level at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

Metal Threading Machine Exports

Exports from Bulgaria

In 2021, shipments abroad of threading or tapping machines for working metal decreased by -94.1% to X units for the first time since 2016, thus ending a four-year rising trend. Overall, exports showed a drastic downturn. The most prominent rate of growth was recorded in 2020 when exports increased by 316%. As a result, the exports attained the peak of X units, and then declined significantly in the following year.

In value terms, metal threading machine exports fell notably to $X in 2021. Over the period under review, exports saw a deep reduction. The pace of growth was the most pronounced in 2020 when exports increased by 625%. As a result, the exports reached the peak of $X, and then fell remarkably in the following year.

Exports by Country

Serbia (X units) was the main destination for metal threading machine exports from Bulgaria, accounting for a 76% share of total exports. Moreover, metal threading machine exports to Serbia exceeded the volume sent to the second major destination, Iran (X units), fivefold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Serbia stood at +232.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iran (0.0% per year) and North Macedonia (+0.9% per year).

In value terms, the largest markets for metal threading machine exported from Bulgaria were Serbia ($X), North Macedonia ($X) and Iran ($X).

Among the main countries of destination, Serbia, with a CAGR of +39.8%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average metal threading machine export price stood at $X per unit in 2021, dropping by -17.3% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the average export price increased by 74% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2017; however, from 2018 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was North Macedonia ($X per unit), while the average price for exports to Serbia ($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 North Macedonia (+24.1%), while the prices for the other major destinations experienced a decline.

Metal Threading Machine Imports

Imports into Bulgaria

In 2021, after three years of growth, there was significant decline in supplies from abroad of threading or tapping machines for working metal, when their volume decreased by -88.4% to X units. Overall, imports showed a deep slump. The pace of growth appeared the most rapid in 2014 with an increase of 930% against the previous year. As a result, imports reached the peak of X units. From 2015 to 2021, the growth of imports remained at a lower figure.

In value terms, metal threading machine imports fell significantly to $X in 2021. In general, imports continue to indicate a abrupt descent. The growth pace was the most rapid in 2014 with an increase of 874% against the previous year. Over the period under review, imports hit record highs at $X in 2020, and then dropped notably in the following year.

Imports by Country

Germany (X units), Hungary (X units) and China (X units) were the main suppliers of metal threading machine imports to Bulgaria, with a combined 64% share of total imports. India, Austria, the UK, Turkey and Spain lagged somewhat behind, together comprising a further 34%.

From 2012 to 2021, the biggest increases were recorded for the UK (with a CAGR of +20.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of threading or tapping machines for working metal to Bulgaria, comprising 35% of total imports. The second position in the ranking was taken by Spain ($X), with a 17% share of total imports. It was followed by China, with an 11% share.

From 2012 to 2021, the average annual growth rate of value from Germany stood at +3.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (-11.7% per year) and China (+12.0% per year).

Import Prices by Country

In 2021, the average metal threading machine import price amounted to $X per unit, with a decrease of -28.5% against the previous year. Over the period under review, the import price, however, recorded a buoyant increase. The pace of growth was the most pronounced in 2019 when the average import price increased by 116% against the previous year. As a result, import price reached the peak level of $X per unit. From 2020 to 2021, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Spain ($X per unit), while the price for Hungary ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+28.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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