Bulgaria: Tap And Valve Market 2024

Tap And Valve Market Size in Bulgaria

In 2023, the Bulgarian tap and valve market decreased by X% to $X for the first time since 2019, thus ending a three-year rising trend. Over the period under review, consumption, however, posted a prominent expansion. As a result, consumption attained the peak level of $X, and then contracted remarkably in the following year.

Tap And Valve Production in Bulgaria

In value terms, tap and valve production shrank to $X in 2023 estimated in export price. Over the period under review, production, however, enjoyed a resilient increase. The most prominent rate of growth was recorded in 2016 when the production volume increased by X% against the previous year. Tap and valve production peaked at $X in 2022, and then reduced in the following year.

Tap And Valve Exports

Exports from Bulgaria

In 2023, the amount of taps, cocks, valves and similar appliances exported from Bulgaria declined to X tons, falling by X% against 2022 figures. Over the period under review, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons. From 2022 to 2023, the growth of the exports remained at a lower figure.

In value terms, tap and valve exports rose significantly to $X in 2023. Overall, total exports indicated a measured increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2017 with an increase of X%. The exports peaked in 2023 and are expected to retain growth in the near future.

Exports by Country

Poland (X tons), Turkey (X tons) and Italy (X tons) were the main destinations of tap and valve exports from Bulgaria, with a combined X% share of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Poland (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Italy ($X) and Germany ($X) appeared to be the largest markets for tap and valve exported from Bulgaria worldwide, with a combined X% share of total exports.

Among the main countries of destination, Poland, with a CAGR of X%, saw the highest growth rate of 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 tap and valve export price stood at $X per ton in 2023, growing by X% against the previous year. Over the last eleven-year period, it increased at an average annual rate of X%. The growth pace was the most rapid in 2017 an increase of X% against the previous year. The export price peaked in 2023 and is likely to continue growth in the near future.

There were significant differences in the average prices for the major export markets. In 2023, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Ukraine ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (X%), while the prices for the other major destinations experienced more modest paces of growth.

Tap And Valve Imports

Imports into Bulgaria

Tap and valve imports into Bulgaria contracted modestly to X tons in 2023, almost unchanged from the year before. Over the period under review, imports, however, saw resilient growth. The growth pace was the most rapid in 2019 when imports increased by X%. Over the period under review, imports attained the maximum at X tons in 2022, and then shrank modestly in the following year.

In value terms, tap and valve imports expanded markedly to $X in 2023. Overall, imports, however, showed a resilient expansion. The most prominent rate of growth was recorded in 2013 with an increase of X%. Imports peaked in 2023 and are expected to retain growth in the immediate term.

Imports by Country

China (X tons), Italy (X tons) and Germany (X tons) were the main suppliers of tap and valve imports to Bulgaria, together accounting for X% of total imports. Turkey, Poland, Lithuania, Romania, Spain, Greece, Denmark, Hungary, the Czech Republic and France lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Lithuania (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Italy ($X) and China ($X) constituted the largest tap and valve suppliers to Bulgaria, together comprising X% of total imports. Poland, Turkey, Spain, Lithuania, Hungary, Greece, Romania, Denmark, the Czech Republic and France lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, Lithuania, with a CAGR of X%, recorded 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 2023, the average tap and valve import price amounted to $X per ton, growing by X% against the previous year. Overall, the import price, however, recorded a perceptible shrinkage. The pace of growth appeared the most rapid in 2021 an increase of X%. Over the period under review, average import prices attained the maximum at $X per ton in 2013; however, from 2014 to 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Poland (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform