Report Update Nov 1, 2024

Bulgaria - Winches and Capstans - Market Analysis, Forecast, Size, Trends and Insights

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Bulgaria: Winche And Capstan Market 2024

Winche And Capstan Market Size in Bulgaria

For the fourth year in a row, the Bulgarian winche and capstan market recorded decline in sales value, which decreased by -82.9% to $X in 2021. In general, consumption showed a abrupt descent. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market failed to regain momentum.

Winche And Capstan Exports

Exports from Bulgaria

In 2021, overseas shipments of winches and capstans increased by 567% to X units for the first time since 2017, thus ending a three-year declining trend. Overall, exports enjoyed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, winche and capstan exports soared to $X in 2021. Over the period under review, exports recorded a prominent increase. The pace of growth appeared the most rapid in 2015 when exports increased by 311%. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Greece (X units) was the main destination for winche and capstan exports from Bulgaria, with a 80% share of total exports. Moreover, winche and capstan exports to Greece exceeded the volume sent to the second major destination, Romania (X units), sixfold. North Macedonia (X units) ranked third in terms of total exports with a 1.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Greece amounted to +85.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (+45.4% per year) and North Macedonia (+14.2% per year).

In value terms, Greece ($X) emerged as the key foreign market for winches and capstans exports from Bulgaria, comprising 55% of total exports. The second position in the ranking was held by Romania ($X), with an 18% share of total exports. It was followed by North Macedonia, with a 7.2% share.

From 2012 to 2021, the average annual growth rate of value to Greece stood at +93.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (+54.9% per year) and North Macedonia (+18.6% per year).

Export Prices by Country

The average winche and capstan export price stood at $X per unit in 2021, reducing by -68.7% against the previous year. Over the period under review, the export price showed a drastic downturn. The pace of growth appeared the most rapid in 2015 when the average export price increased by 145% against the previous year. The export price peaked at $X per unit in 2013; however, from 2014 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 Italy ($X per unit), while the average price for exports to Greece ($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 Serbia (+21.6%), while the prices for the other major destinations experienced more modest paces of growth.

Winche And Capstan Imports

Imports into Bulgaria

For the fourth year in a row, Bulgaria recorded decline in supplies from abroad of winches and capstans, which decreased by -1.5% to X units in 2021. In general, imports recorded a pronounced downturn. The pace of growth was the most pronounced in 2013 when imports increased by 284%. As a result, imports reached the peak of X units. From 2014 to 2021, the growth of imports remained at a lower figure.

In value terms, winche and capstan imports declined slightly to $X in 2021. Overall, imports, however, posted a buoyant increase. The most prominent rate of growth was recorded in 2015 with an increase of 133% against the previous year. Over the period under review, imports reached the maximum at $X in 2017; however, from 2018 to 2021, imports failed to regain momentum.

Imports by Country

China (X units), Poland (X units) and Italy (X units) were the main suppliers of winche and capstan imports to Bulgaria, with a combined 91% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Poland (with a CAGR of +53.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest winche and capstan suppliers to Bulgaria were China ($X), Poland ($X) and Italy ($X), with a combined 86% share of total imports.

Poland, with a CAGR of +46.0%, recorded 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 more modest paces of growth.

Import Prices by Country

The average winche and capstan import price stood at $X per unit in 2021, dropping by -1.9% against the previous year. Over the period under review, the import price, however, recorded a resilient expansion. The most prominent rate of growth was recorded in 2020 when the average import price increased by 136% against the previous year. As a result, import price attained the peak level of $X per unit, and then shrank modestly in the following year.

Prices varied noticeably country of origin: the country with the highest price was Italy ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+31.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for winches and capstans in the world?

The country with the largest volume of winche and capstan consumption was the United States, accounting for 62% of total volume. Moreover, winche and capstan consumption in the United States exceeded the figures recorded by the second-largest consumer, China, sevenfold. The third position in this ranking was occupied by India, with a 3.3% share.

What are the largest producers of winches and capstans in the world?

The countries with the highest volumes of winche and capstan production in 2020 were the United States, China and India, together accounting for 80% of global production. These countries were followed by Japan, South Korea and Germany, which together accounted for a further 5.9%.

What are the leading suppliers of winches and capstans to Bulgaria?

In value terms, the largest winche and capstan suppliers to Bulgaria were Italy, Poland and China, together accounting for 80% of total imports. These countries were followed by Germany, Turkey and Hungary, which together accounted for a further 14%.

What are the leading importers of winches and capstans from Bulgaria?

In value terms, Turkey remains the key foreign market for winche and capstan exports from Bulgaria, comprising 51% of total exports. The second position in the ranking was occupied by Vietnam, with a 13% share of total exports. It was followed by Romania, with an 11% share.

What is the average export price for winches and capstans in Bulgaria?

The average winche and capstan export price stood at $251 per unit in 2020, leveling off at the previous year.

What is the average import price for winches and capstans in Bulgaria?

In 2020, the average winche and capstan import price amounted to $144 per unit, declining by -31% against the previous year.

This report provides an in-depth analysis of the winche and capstan market in Bulgaria. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 28221200 - Winches and capstans (excluding those for raising vehicles)

Country coverage:

Bulgaria

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Bulgaria
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023