Weaving Machines (Looms) Price in Bulgaria - 2023

Contents:

  1. Weaving Machines (Looms) Price in Bulgaria (FOB) - 2022
  2. Weaving Machines (Looms) Price in Bulgaria (CIF) - 2022
  3. Weaving Machines (Looms) Exports in Bulgaria
  4. Weaving Machines (Looms) Imports in Bulgaria

Weaving Machines (Looms) Price in Bulgaria (FOB) - 2022

The average weaving machines (looms) export price stood at $4,186 per unit in 2022, falling by -43.7% against the previous year. Over the period under review, the export price showed a deep setback. The most prominent rate of growth was recorded in 2019 an increase of 284%. Over the period under review, the average export prices hit record highs at $10,211 per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Iran ($4,757 per unit), while the average price for exports to Turkey stood at $4,072 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Iran (+8.1%), while the prices for the other major destinations experienced a decline.

Weaving Machines (Looms) Price in Bulgaria (CIF) - 2022

The average weaving machines (looms) import price stood at $20,219 per unit in 2022, shrinking by -19.7% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 an increase of 428%. As a result, import price attained the peak level of $44,851 per unit. From 2017 to 2022, the average import prices failed to regain momentum.

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 China ($34,343 per unit), while the price for Hong Kong SAR ($176 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+34.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Weaving Machines (Looms) Exports in Bulgaria

In 2022, weaving machines (looms) exports from Bulgaria surged to 350 units, rising by 483% compared with the previous year's figure. Overall, exports showed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, weaving machines (looms) exports surged to $1.5M in 2022. In general, exports recorded a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Export of Weaving Machines (Looms) in Bulgaria (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Turkey2131432761,18977.4%
IranN/A24.9N/A257221.3%
EgyptN/A651N/AN/A0%
PakistanN/A142N/AN/A0%
Others84.2N/A17019.1-39.0%
Total2979614461,46570.2%

Top Export Markets for Weaving Machines (Looms) from Bulgaria in 2022:

  1. Turkey (292.0 units)
  2. Iran (54.0 units)

Weaving Machines (Looms) Imports in Bulgaria

After two years of decline, supplies from abroad of weaving machines (looms)s decreased by -12.5% to 7 units in 2022. Over the period under review, imports saw a precipitous contraction. Imports peaked at 74 units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, weaving machines (looms) imports fell dramatically to $142K in 2022. In general, imports saw a precipitous shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 18%. Over the period under review, imports hit record highs at $1.9M in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Import of Weaving Machines (Looms) in Bulgaria (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Turkey4.537.5195107187.6%
China47.2103N/A34.3-10.1%
Hong Kong SARN/AN/AN/A0.20%
Austria1,819N/AN/AN/A0%
North MacedoniaN/A30.0N/AN/A0%
Others5.91.16.0N/A0.8%
Total1,876171201142-57.7%

Top Suppliers of Weaving Machines (Looms) to Bulgaria in 2022:

  1. Turkey (5.0 units)
  2. China (1.0 units)
  3. Hong Kong SAR (1.0 units)

Source: IndexBox Market Intelligence Platform

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