Price for Milking Machines and Dairy Machinery in Bulgaria - 2023

Contents:

1. Price for Milking Machines and Dairy Machinery in Bulgaria (FOB) - 2022
2. Price for Milking Machines and Dairy Machinery in Bulgaria (CIF) - 2022
3. Exports of Milking Machines and Dairy Machinery in Bulgaria
4. Imports of Milking Machines and Dairy Machinery in Bulgaria

Price for Milking Machines and Dairy Machinery in Bulgaria (FOB) - 2022

In 2022, the average export price for milking machines and dairy machineries amounted to $3,219 per unit, dropping by -40.4% against the previous year. Overall, the export price continues to indicate a perceptible curtailment. The pace of growth was the most pronounced in 2020 when the average export price increased by 72%. Over the period under review, the average export prices hit record highs at $6,316 per unit in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Uzbekistan ($7,303 per unit), while the average price for exports to Egypt ($1,882 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Rwanda (+4.9%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Milking Machines and Dairy Machinery in Bulgaria (CIF) - 2022

In 2022, the average import price for milking machines and dairy machineries amounted to $1,952 per unit, which is down by -42.3% against the previous year. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by 39%. As a result, import price attained the peak level of $3,381 per unit, and then dropped dramatically in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Greece ($3,818 per unit), while the price for Poland ($1,505 per unit) was amongst the lowest.

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

Exports of Milking Machines and Dairy Machinery in Bulgaria

For the third year in a row, Bulgaria recorded decline in overseas shipments of milking machines and dairy machineries, which decreased by -25.5% to 1.7K units in 2022. Over the period under review, exports recorded a precipitous contraction. The smallest decline of -9.1% was in 2021. Over the period under review, the exports reached the peak figure at 4.4K units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, milking machines and dairy machinery exports declined rapidly to $5.5M in 2022. In general, exports saw a sharp descent. The most prominent rate of growth was recorded in 2021 when exports increased by 6.3% against the previous year. As a result, the exports reached the peak of $12M, and then fell dramatically in the following year.

Top Export Markets for Milking Machines and Dairy Machinery from Bulgaria in 2022:

1. Egypt (576.0 units)
2. Denmark (292.0 units)
3. Oman (140.0 units)
4. Iran (73.0 units)
5. India (71.0 units)
6. Iraq (65.0 units)
7. Uzbekistan (63.0 units)
8. Ireland (61.0 units)
9. France (60.0 units)
10. North Macedonia (50.0 units)
11. Rwanda (35.0 units)
12. Belarus (34.0 units)
13. Russia (11.0 units)

Imports of Milking Machines and Dairy Machinery in Bulgaria

In 2022, after two years of decline, there was significant growth in purchases abroad of milking machines and dairy machineries, when their volume increased by 40% to 3.2K units. Overall, imports, however, continue to indicate a slight slump. Over the period under review, imports reached the maximum at 3.4K units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, milking machines and dairy machinery imports fell markedly to $6.3M in 2022. Over the period under review, imports, however, saw a deep downturn. The smallest decline of -0.6% was in 2021. Over the period under review, imports hit record highs at $9.2M in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Top Suppliers of Milking Machines and Dairy Machinery to Bulgaria in 2022:

1. Italy (1177.0 units)
2. Sweden (709.0 units)
3. Turkey (620.0 units)
4. Germany (287.0 units)
5. Poland (99.0 units)
6. Greece (81.0 units)
7. Belgium (71.0 units)
8. China (48.0 units)
9. Austria (33.0 units)
10. France (19.0 units)

Source: IndexBox Market Intelligence Platform