Bulgaria: Market for Turbo, Rotary and Reciporating Displacement Compressors 2024

Market Size for Turbo, Rotary and Reciporating Displacement Compressors in Bulgaria

The Bulgarian market for turbo, rotary and reciporating displacement compressors totaled $X in 2022, picking up by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, saw a resilient increase. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Exports of Turbo, Rotary and Reciporating Displacement Compressors

Exports from Bulgaria

In 2022, the amount of turbo, rotary and reciporating displacement compressors exported from Bulgaria contracted rapidly to X units, waning by X% compared with the previous year. In general, exports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2015 with an increase of X%. The exports peaked at X units in 2021, and then declined markedly in the following year.

In value terms, exports of turbo, rotary and reciporating displacement compressors shrank dramatically to $X in 2022. Over the period under review, exports, however, posted strong growth. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. The exports peaked at $X in 2021, and then plummeted in the following year.

Exports by Country

Belgium (X units), Romania (X units) and Greece (X units) were the main destinations of exports of turbo, rotary and reciporating displacement compressors from Bulgaria, together comprising X% of total exports. Serbia, North Macedonia, Italy, Switzerland, Turkey, the UK, Poland, Latvia and Albania lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the UK (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for turbo, rotary and reciporating displacement compressor exported from Bulgaria were Belgium ($X), Italy ($X) and Greece ($X), together comprising X% of total exports. Serbia, North Macedonia, Romania, the UK, Turkey, Poland, Switzerland, Latvia and Albania lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, the UK, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for turbo, rotary and reciporating displacement compressors stood at $X per unit in 2022, remaining constant against the previous year. Over the period under review, the export price showed a abrupt descent. The pace of growth was the most pronounced in 2021 when the average export price increased by X%. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($X per unit), while the average price for exports to Albania ($X 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 Turkey (X%), while the prices for the other major destinations experienced a decline.

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Imports of Turbo, Rotary and Reciporating Displacement Compressors

Imports into Bulgaria

In 2022, approx. X units of turbo, rotary and reciporating displacement compressors were imported into Bulgaria; with a decrease of X% on the previous year's figure. In general, imports, however, posted a buoyant increase. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. As a result, imports reached the peak of X units. From 2021 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of turbo, rotary and reciporating displacement compressors rose remarkably to $X in 2022. Over the period under review, imports, however, posted buoyant growth. The pace of growth was the most pronounced in 2020 when imports increased by X%. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of imports of failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest supplier of turbo, rotary and reciporating displacement compressor to Bulgaria, accounting for a X% share of total imports. Moreover, imports of turbo, rotary and reciporating displacement compressors from China exceeded the figures recorded by the second-largest supplier, Germany (X units), fourfold. Poland (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Poland (X% per year).

In value terms, Germany ($X), Belgium ($X) and Italy ($X) were the largest turbo, rotary and reciporating displacement compressor suppliers to Bulgaria, with a combined X% share of total imports. China, Poland, Romania and Taiwan (Chinese) lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, Poland, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for turbo, rotary and reciporating displacement compressors stood at $X per unit in 2022, jumping by X% against the previous year. In general, the import price, however, saw a abrupt shrinkage. The growth pace was the most rapid in 2020 an increase of X%. Over the period under review, average import prices reached the peak figure at $X per unit in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per unit), while the price for China ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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