Bulgaria: Market for Pneumatic Or Hydraulic Hand Tools 2024

Market Size for Pneumatic Or Hydraulic Hand Tools in Bulgaria

In 2021, the Bulgarian market for pneumatic or hydraulic hand tools was finally on the rise to reach $X after two years of decline. The market value increased at an average annual rate of +1.7% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Pneumatic Or Hydraulic Hand Tools in Bulgaria

In value terms, pneumatic or hydraulic hand tool production fell notably to $X in 2021 estimated in export price. Overall, production saw a precipitous setback. The most prominent rate of growth was recorded in 2018 when the production volume increased by 124%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Exports of Pneumatic Or Hydraulic Hand Tools

Exports from Bulgaria

For the third consecutive year, Bulgaria recorded growth in overseas shipments of pneumatic or hydraulic hand tools, which increased by 86% to X tons in 2021. Over the period under review, exports enjoyed a resilient increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, pneumatic or hydraulic hand tool exports soared to $X in 2021. In general, exports posted a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The UK (X tons), Romania (X tons) and Poland (X tons) were the main destinations of pneumatic or hydraulic hand tool exports from Bulgaria, together accounting for 74% of total exports. Greece, France, Italy, Spain, Ireland and Germany lagged somewhat behind, together accounting for a further 17%.

From 2012 to 2021, the biggest increases were recorded for Spain (with a CAGR of +165.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the UK ($X) emerged as the key foreign market for pneumatic or hydraulic hand tools exports from Bulgaria, comprising 62% of total exports. The second position in the ranking was held by Poland ($X), with a 17% share of total exports. It was followed by Romania, with a 5.1% share.

From 2012 to 2021, the average annual growth rate of value to the UK stood at +107.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+133.3% per year) and Romania (+15.5% per year).

Export Prices by Country

The average export price for pneumatic or hydraulic hand tools stood at $X per ton in 2021, with an increase of 162% against the previous year. In general, the export price saw a buoyant expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Poland ($X per ton), while the average price for exports to Romania ($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 Poland (+26.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Pneumatic Or Hydraulic Hand Tools

Imports into Bulgaria

For the third consecutive year, Bulgaria recorded growth in supplies from abroad of pneumatic or hydraulic hand tools, which increased by 41% to X tons in 2021. Over the period under review, imports posted a buoyant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, pneumatic or hydraulic hand tool imports surged to $X in 2021. In general, imports saw a remarkable increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest pneumatic or hydraulic hand tool supplier to Bulgaria, with a 66% share of total imports. Moreover, pneumatic or hydraulic hand tool imports from China exceeded the figures recorded by the second-largest supplier, Germany (X tons), fourfold. The third position in this ranking was held by the UK (X tons), with a 3.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +12.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+13.7% per year) and the UK (+60.9% per year).

In value terms, the largest pneumatic or hydraulic hand tool suppliers to Bulgaria were China ($X), Germany ($X) and the UK ($X), with a combined 61% share of total imports.

The UK, with a CAGR of +58.8%, saw the highest rates of growth with regard to the value of imports, among the main suppliers 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 import price for pneumatic or hydraulic hand tools amounted to $X per ton, jumping by 29% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Romania (+9.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :