Price for Household or Laundry-Type Washing Machine in Bulgaria - 2023
Contents:
- Price for Household or Laundry-Type Washing Machine in Bulgaria (CIF) - 2023
- Price for Household or Laundry-Type Washing Machine in Bulgaria (FOB) - 2023
- Imports of Household or Laundry-Type Washing Machine in Bulgaria
- Exports of Household or Laundry-Type Washing Machine in Bulgaria
Price for Household or Laundry-Type Washing Machine in Bulgaria (CIF) - 2023
In May 2023, the average import price for household or laundry-type washing machines amounted to $309 per unit, dropping by -9.3% against the previous month. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2023 an increase of 14% m-o-m. As a result, import price reached the peak level of $340 per unit, and then fell in the following month.
There were significant differences in the average prices amongst the major supplying countries. In May 2023, the country with the highest price was Hungary ($461 per unit), while the price for Hong Kong SAR ($201 per unit) was amongst the lowest.
From May 2022 to May 2023, the most notable rate of growth in terms of prices was attained by Poland (+3.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Household or Laundry-Type Washing Machine in Bulgaria (FOB) - 2023
In May 2023, the average export price for household or laundry-type washing machines amounted to $356 per unit, rising by 6.9% against the previous month. Over the period from May 2022 to May 2023, it increased at an average monthly rate of +2.3%. The growth pace was the most rapid in November 2022 an increase of 13% against the previous month. Over the period under review, the average export prices reached the maximum in May 2023.
There were significant differences in the average prices for the major overseas markets. In May 2023, the country with the highest price was Georgia ($881 per unit), while the average price for exports to Greece ($334 per unit) was amongst the lowest.
From May 2022 to May 2023, the most notable rate of growth in terms of prices was recorded for supplies to Georgia (+7.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Household or Laundry-Type Washing Machine in Bulgaria
In 2022, the amount of household or laundry-type washing machines imported into Bulgaria rose slightly to 252K units, surging by 2.4% on the previous year. The total import volume increased at an average annual rate of +4.7% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by 13%. Over the period under review, imports reached the maximum in 2022 and are likely to see steady growth in years to come.
In value terms, household or laundry-type washing machine imports amounted to $70M in 2022. The total import value increased at an average annual rate of +7.7% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 20%. Over the period under review, imports reached the maximum in 2022 and are likely to see steady growth in the immediate term.
| Import of Household or Laundry-Type Washing Machine in Bulgaria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Romania | 8.4 | 14.7 | 20.0 | 21.5 | 36.8% |
| Hungary | 5.4 | 5.8 | 9.6 | 10.4 | 24.4% |
| Turkey | 14.1 | 8.5 | 8.9 | 10.1 | -10.5% |
| China | 4.3 | 5.5 | 7.2 | 8.0 | 23.0% |
| Italy | 5.3 | 7.5 | 7.3 | 6.3 | 5.9% |
| Germany | 1.8 | 2.0 | 2.7 | 3.6 | 26.0% |
| Poland | 8.5 | 6.5 | 5.2 | 2.9 | -30.1% |
| Slovenia | 3.0 | 2.3 | 2.4 | 2.0 | -12.6% |
| Hong Kong SAR | N/A | 0.7 | 1.1 | 1.7 | 55.8% |
| Others | 5.0 | 3.6 | 4.4 | 3.3 | -12.9% |
| Total | 55.9 | 57.2 | 68.8 | 69.9 | 7.7% |
Top Suppliers of Household or Laundry-Type Washing Machine to Bulgaria in 2022:
- Romania (78.4K units)
- Turkey (51.5K units)
- China (27.9K units)
- Hungary (25.6K units)
- Italy (20.6K units)
- Poland (11.1K units)
- Slovenia (8.7K units)
- Hong Kong SAR (8.4K units)
- Germany (8.0K units)
Exports of Household or Laundry-Type Washing Machine in Bulgaria
In 2022, overseas shipments of household or laundry-type washing machines decreased by -42.5% to 25K units, falling for the second year in a row after two years of growth. Overall, exports saw a abrupt descent. The most prominent rate of growth was recorded in 2020 when exports increased by 40% against the previous year. As a result, the exports attained the peak of 61K units. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, household or laundry-type washing machine exports shrank notably to $7.4M in 2022. In general, exports saw a deep downturn. The most prominent rate of growth was recorded in 2020 with an increase of 39%. As a result, the exports attained the peak of $12M. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
| Export of Household or Laundry-Type Washing Machine in Bulgaria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Greece | 3,307 | 4,262 | 5,868 | 4,539 | 11.1% |
| Romania | 260 | 746 | 818 | 610 | 32.9% |
| Georgia | 244 | 217 | 97.0 | 447 | 22.4% |
| Albania | 409 | 391 | 385 | 332 | -6.7% |
| Belgium | 387 | 495 | 511 | 297 | -8.4% |
| India | 607 | 592 | 590 | 204 | -30.5% |
| Turkey | 1,697 | 1,257 | 28.4 | 198 | -51.1% |
| Italy | 656 | 2,643 | 940 | 169 | -36.4% |
| Germany | N/A | 69.2 | 120 | 147 | 45.7% |
| Israel | 733 | 896 | 427 | 45.4 | -60.4% |
| Poland | 301 | 578 | 979 | N/A | 80.3% |
| Others | 351 | 324 | 360 | 374 | 2.1% |
| Total | 8,952 | 12,471 | 11,124 | 7,362 | -6.3% |
Top Export Markets for Household or Laundry-Type Washing Machine from Bulgaria in 2022:
- Greece (15.3K units)
- Romania (1.7K units)
- Georgia (1.3K units)
- Albania (1.2K units)
- India (1.0K units)
- Belgium (1.0K units)
- Turkey (0.8K units)
- Italy (0.7K units)
- Germany (0.5K units)
- Israel (0.1K units)
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