Price for Machines; Automatic Beverage-Vending Machines, Incorporating Heating or Refrigerating Devices in Bulgaria - 2023

Contents:

1. Price for Machines; Automatic Beverage-Vending Machines, Incorporating Heating or Refrigerating Devices in Bulgaria (FOB) - 2023
2. Price for Machines; Automatic Beverage-Vending Machines, Incorporating Heating or Refrigerating Devices in Bulgaria (CIF) - 2023
3. Exports of Machines; Automatic Beverage-Vending Machines, Incorporating Heating or Refrigerating Devices in Bulgaria
4. Imports of Machines; Automatic Beverage-Vending Machines, Incorporating Heating or Refrigerating Devices in Bulgaria

Price for Machines; Automatic Beverage-Vending Machines, Incorporating Heating or Refrigerating Devices in Bulgaria (FOB) - 2023

In December 2023, the average export price for machines; automatic beverage-vending machines, incorporating heating or refrigerating deviceses amounted to $957 per unit, approximately equating the previous month. In general, the export price, however, recorded a slight downturn. The growth pace was the most rapid in March 2023 when the average export price increased by 54% month-to-month. As a result, the export price reached the peak level of $1,194 per unit. From April 2023 to December 2023, the the average export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In December 2023, the country with the highest price was Italy ($1,595 per unit), while the average price for exports to North Macedonia ($469 per unit) was amongst the lowest.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Slovakia (+12.3%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Machines; Automatic Beverage-Vending Machines, Incorporating Heating or Refrigerating Devices in Bulgaria (CIF) - 2023

In December 2023, the average import price for machines; automatic beverage-vending machines, incorporating heating or refrigerating deviceses amounted to $321 per unit, falling by -58% against the previous month. Overall, the import price continues to indicate a slight shrinkage. The growth pace was the most rapid in February 2023 an increase of 129% m-o-m. As a result, import price attained the peak level of $959 per unit. From March 2023 to December 2023, the average import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was Switzerland ($847 per unit), while the price for Lithuania ($151 per unit) was amongst the lowest.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by the UK (+13.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Machines; Automatic Beverage-Vending Machines, Incorporating Heating or Refrigerating Devices in Bulgaria

Exports of machines; automatic beverage-vending machines, incorporating heating or refrigerating deviceses from Bulgaria soared to 5K units in 2022, with an increase of 38% on 2021. Over the period under review, total exports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +13.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +47.2% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of machines; automatic beverage-vending machines, incorporating heating or refrigerating deviceses expanded sharply to $3.1M in 2022. The total export value increased at an average annual rate of +6.4% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 14%. The exports peaked in 2022 and are expected to retain growth in years to come.

Top Export Markets for Machines; Automatic Beverage-Vending Machines, Incorporating Heating or Refrigerating Devices from Bulgaria in 2022:

1. Kazakhstan (692.0 units)
2. Serbia (690.0 units)
3. Romania (391.0 units)
4. Netherlands (315.0 units)
5. Italy (313.0 units)
6. Turkey (279.0 units)
7. Belarus (256.0 units)
8. Slovakia (214.0 units)
9. Kosovo (210.0 units)
10. Georgia (206.0 units)
11. Montenegro (153.0 units)
12. Austria (150.0 units)
13. Kenya (147.0 units)

Imports of Machines; Automatic Beverage-Vending Machines, Incorporating Heating or Refrigerating Devices in Bulgaria

In 2022, after three years of growth, there was decline in supplies from abroad of machines; automatic beverage-vending machines, incorporating heating or refrigerating deviceses, when their volume decreased by -2.8% to 6K units. The total import volume increased at an average annual rate of +9.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 32% against the previous year. As a result, imports attained the peak of 6.2K units, and then declined slightly in the following year.

In value terms, imports of machines; automatic beverage-vending machines, incorporating heating or refrigerating deviceses fell to $2.5M in 2022. In general, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +9.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +45.6% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 53%. As a result, imports attained the peak of $2.7M, and then declined in the following year.

Top Suppliers of Machines; Automatic Beverage-Vending Machines, Incorporating Heating or Refrigerating Devices to Bulgaria in 2022:

1. France (2031.0 units)
2. United Kingdom (909.0 units)
3. Italy (709.0 units)
4. Romania (519.0 units)
5. Belgium (448.0 units)
6. Sweden (422.0 units)
7. Luxembourg (257.0 units)
8. Switzerland (238.0 units)

Source: IndexBox Market Intelligence Platform