Report Update: May 1, 2024

Bulgaria - Household Hand Tools - Market Analysis, Forecast, Size, Trends And Insights

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Household Hand Tools Price in Bulgaria - 2023

Household Hand Tools Price in Bulgaria (FOB) - 2023

The average household hand tools export price stood at $4,950 per ton in June 2023, waning by -4.6% against the previous month. Over the period from June 2022 to June 2023, it increased at an average monthly rate of +1.2%. The growth pace was the most rapid in November 2022 when the average export price increased by 44% m-o-m. Over the period under review, the average export prices hit record highs at $5,249 per ton in December 2022; however, from January 2023 to June 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In June 2023, the country with the highest price was Germany ($4,930 per ton), while the average price for exports to Greece totaled $1,519 per ton.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Greece (+4.9%).

Household Hand Tools Price in Bulgaria (CIF) - 2022

In 2022, the average household hand tools import price amounted to $10,222 per ton, with an increase of 23% against the previous year. Over the last decade, it increased at an average annual rate of +1.7%. The pace of growth appeared the most rapid in 2014 when the average import price increased by 44% against the previous year. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Poland ($16,185 per ton), while the price for Greece ($2,603 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+8.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Household Hand Tools Exports in Bulgaria

In 2022, the amount of household hand tools exported from Bulgaria soared to 598 tons, with an increase of 51% on the previous year. In general, exports saw significant growth. The pace of growth was the most pronounced in 2020 when exports increased by 62% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to see steady growth in years to come.

In value terms, household hand tools exports surged to $3M in 2022. Over the period under review, exports continue to indicate significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Export of Household Hand Tools in Bulgaria (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	537	1,069	1,196	2,671	70.7%
Romania	121	46.4	46.8	135	3.7%
Greece	57.1	90.3	82.3	86.3	14.8%
Italy	135	23.7	63.3	28.6	-40.4%
Russia	N/A	143	257	13.6	-69.2%
Others	57.6	23.1	29.6	73.4	8.4%
Total	908	1,396	1,675	3,008	49.1%

Top Export Markets for Household Hand Tools from Bulgaria in 2022:

Germany (478.0 tons)
Greece (90.2 tons)
Romania (15.1 tons)
Italy (5.3 tons)
Russia (1.3 tons)

Household Hand Tools Imports in Bulgaria

In 2022, the amount of household hand tools imported into Bulgaria skyrocketed to 253 tons, jumping by 37% compared with 2021. The total import volume increased at an average annual rate of +8.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, household hand tools imports surged to $2.6M in 2022. In general, imports recorded a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Household Hand Tools in Bulgaria (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	402	454	496	724	21.7%
Germany	572	500	383	634	3.5%
Italy	76.1	64.9	102	166	29.7%
Hungary	28.0	25.4	28.9	129	66.4%
Spain	58.9	39.1	16.7	86.9	13.8%
Greece	9.0	23.4	48.6	80.3	107.4%
Romania	59.4	24.0	44.2	77.1	9.1%
Slovenia	23.7	62.4	26.9	72.3	45.0%
Poland	70.4	71.4	97.4	67.1	-1.6%
Netherlands	12.2	19.4	60.0	58.5	68.6%
Turkey	15.0	15.5	36.6	36.2	34.1%
Others	154	114	190	451	43.1%
Total	1,480	1,413	1,530	2,582	20.4%

Top Suppliers of Household Hand Tools to Bulgaria in 2022:

China (96.8 tons)
Germany (48.1 tons)
Greece (30.9 tons)
Hungary (11.6 tons)
Italy (11.5 tons)
Spain (10.8 tons)
Romania (5.9 tons)
Turkey (5.7 tons)
Slovenia (4.8 tons)
Poland (4.1 tons)
Netherlands (3.8 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the household hand tools 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 25733065 - Household hand tools

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