Bulgaria: Market for Turbo-Jets Of A Thrust Not Exceeding 25 kN 2024

Market Size for Turbo-Jets Of A Thrust Not Exceeding 25 kN in Bulgaria

After two years of growth, the Bulgarian turbo-jet (under X kN) market decreased by -0.4% to $X in 2022. In general, consumption, however, posted a prominent increase. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Production of Turbo-Jets Of A Thrust Not Exceeding X kN in Bulgaria

In value terms, turbo-jet (under X kN) production shrank to $X in 2022 estimated in export price. Over the period under review, production, however, enjoyed strong growth. The most prominent rate of growth was recorded in 2015 with an increase of 105%. Turbo-jet (under X kN) production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Exports of Turbo-Jets Of A Thrust Not Exceeding 25 kN

Exports from Bulgaria

In 2022, after two years of decline, there was decline in overseas shipments of turbo-jets of a thrust not exceeding X kN, when their volume decreased by 0% to X units. Overall, exports continue to indicate a abrupt slump. The growth pace was the most rapid in 2014 when exports increased by 300%. As a result, the exports attained the peak of X units. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, turbo-jet (under X kN) exports expanded rapidly to $X in 2022. Over the period under review, exports enjoyed a moderate increase. The pace of growth appeared the most rapid in 2020 with an increase of 157%. The exports peaked in 2022 and are likely to continue growth in the immediate term.

Exports by Country

Serbia (X units) and Malaysia (X units) were the main destinations of turbo-jet (under X kN) exports from Bulgaria. Moreover, turbo-jet (under X kN) exports in Serbia exceeded the figures recorded by the second-largest exporter, Malaysia, twofold.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Serbia (with a CAGR of 0.0%).

In value terms, Serbia ($X) remains the key foreign market for turbo-jets of a thrust not exceeding X kN exports from Bulgaria, comprising 99.9% of total exports. The second position in the ranking was taken by Malaysia ($X), with less than 0.1% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Serbia amounted to +9.9%.

Export Prices by Country

In 2022, the average turbo-jet (under X kN) export price amounted to $X per unit, with an increase of 10% against the previous year. Over the period under review, the export price showed a resilient expansion. The pace of growth was the most pronounced in 2020 an increase of 414%. The export price peaked in 2022 and is likely to see steady growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Serbia ($X per unit), while the average price for exports to Malaysia amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ukraine (+91.6%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Turbo-Jets Of A Thrust Not Exceeding 25 kN

Imports into Bulgaria

In 2022, imports of turbo-jets of a thrust not exceeding X kN into Bulgaria reduced rapidly to X units, declining by -33.3% against the previous year. Over the period under review, imports showed a perceptible decrease. The most prominent rate of growth was recorded in 2017 when imports increased by 59,450% against the previous year. As a result, imports reached the peak of X units. From 2018 to 2022, the growth of imports failed to regain momentum.

In value terms, turbo-jet (under X kN) imports skyrocketed to $X in 2022. Overall, imports, however, continue to indicate a prominent expansion. The pace of growth was the most pronounced in 2017 with an increase of 856% against the previous year. As a result, imports attained the peak of $X. From 2018 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Serbia (X units), Indonesia (X units) and Portugal (X units) were the main suppliers of turbo-jet (under X kN) imports to Bulgaria, with a combined 75% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Indonesia (with a CAGR of 0.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X), Jordan ($X) and Portugal ($X) were the largest turbo-jet (under X kN) suppliers to Bulgaria, with a combined 76% share of total imports.

Indonesia, with a CAGR of 0.0%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average turbo-jet (under X kN) import price stood at $X per unit in 2022, rising by 133% against the previous year. Over the period under review, the import price recorded prominent growth. The most prominent rate of growth was recorded in 2018 when the average import price increased by 15,906% against the previous year. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain growth in the near future.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Indonesia ($X per unit) and Jordan ($X per unit), while the price for Serbia ($X per unit) and Portugal ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Serbia (+10.9%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :