Bulgaria: Reel Cutting Slitter Market 2024

Reel Cutting Slitter Market Size in Bulgaria

For the third year in a row, the Bulgarian reel cutting slitter market recorded growth in sales value, which increased by X% to $X in 2022. Over the period under review, consumption enjoyed a resilient increase. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Reel Cutting Slitter Exports

Exports from Bulgaria

In 2022, approx. X units of combined reel slitting and re-reeling cutting machines for paper and paperboard were exported from Bulgaria; with a decrease of X% compared with the previous year. In general, exports, however, saw a prominent expansion. The growth pace was the most rapid in 2021 with an increase of X%. As a result, the exports reached the peak of X units, and then contracted notably in the following year.

In value terms, reel cutting slitter exports shrank dramatically to $X in 2022. Over the period under review, exports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when exports increased by X%. Over the period under review, the exports attained the peak figure at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Turkey (X units) was the main destination for reel cutting slitter exports from Bulgaria, with a X% share of total exports. Moreover, reel cutting slitter exports to Turkey exceeded the volume sent to the second major destination, Egypt (X units), threefold. India (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Turkey amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Egypt (X% per year) and India (X% per year).

In value terms, Iran ($X), Turkey ($X) and India ($X) appeared to be the largest markets for reel cutting slitter exported from Bulgaria worldwide, together accounting for X% of total exports. Romania, Egypt, Pakistan, Armenia, Indonesia, Slovakia and Bangladesh lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, Egypt, with a CAGR of X%, saw the highest growth rate of 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

In 2022, the average reel cutting slitter export price amounted to $X per unit, waning by X% against the previous year. In general, the export price saw a abrupt setback. The pace of growth was the most pronounced in 2016 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per unit in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Iran ($X per unit), while the average price for exports to Bangladesh ($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 India (X%), while the prices for the other major destinations experienced a decline.

Reel Cutting Slitter Imports

Imports into Bulgaria

In 2022, overseas purchases of combined reel slitting and re-reeling cutting machines for paper and paperboard increased by X% to X units, rising for the second consecutive year after two years of decline. In general, imports saw a prominent increase. The pace of growth was the most pronounced in 2021 when imports increased by X%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, reel cutting slitter imports declined to $X in 2022. Over the period under review, imports recorded a prominent increase. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports remained at a lower figure.

Imports by Country

China (X units), Serbia (X units) and Turkey (X units) were the main suppliers of reel cutting slitter imports to Bulgaria, with a combined X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Serbia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Germany ($X) and Serbia ($X) appeared to be the largest reel cutting slitter suppliers to Bulgaria, with a combined X% share of total imports.

In terms of the main suppliers, Serbia, with a CAGR of X%, recorded the highest rates of growth with regard to 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

In 2022, the average reel cutting slitter import price amounted to $X per unit, shrinking by X% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the average import price increased by X%. As a result, import price attained the peak level of $X per unit. From 2019 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 Germany ($X per unit), while the price for Switzerland ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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