Bulgaria - Conveyor or Transmission Belts or Belting - Market Analysis, Forecast, Size, Trends and Insights
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View PricingBulgaria: Market for Conveyor Or Transmission Belts Or Belting 2024
Market Size for Conveyor Or Transmission Belts Or Belting in Bulgaria
The Bulgarian conveyor or transmission belt market skyrocketed to $X in 2023, jumping by X% against the previous year. Over the period under review, consumption showed resilient growth. Conveyor or transmission belt consumption peaked in 2023 and is expected to retain growth in the immediate term.
Production of Conveyor Or Transmission Belts Or Belting in Bulgaria
In value terms, conveyor or transmission belt production reduced to $X in 2023 estimated in export price. In general, production, however, recorded a abrupt decline. The pace of growth was the most pronounced in 2022 when the production volume increased by X%. Conveyor or transmission belt production peaked at $X in 2012; however, from 2013 to 2023, production remained at a lower figure.
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Exports of Conveyor Or Transmission Belts Or Belting
Exports from Bulgaria
Conveyor or transmission belt exports from Bulgaria fell sharply to X tons in 2023, reducing by X% on 2022 figures. Overall, total exports indicated measured growth from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports decreased by X% against 2021 indices. The pace of growth was the most pronounced in 2014 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons. From 2015 to 2023, the growth of the exports remained at a somewhat lower figure.
In value terms, conveyor or transmission belt exports amounted to $X in 2023. In general, exports, however, continue to indicate a remarkable increase. The pace of growth appeared the most rapid in 2017 when exports increased by X% against the previous year. The exports peaked in 2023 and are expected to retain growth in years to come.
Exports by Country
The Czech Republic (X tons) was the main destination for conveyor or transmission belt exports from Bulgaria, with a X% share of total exports. Moreover, conveyor or transmission belt exports to the Czech Republic exceeded the volume sent to the second major destination, North Macedonia (X tons), threefold. Germany (X tons) ranked third in terms of total exports with a X% share.
From 2012 to 2023, the average annual growth rate of volume to the Czech Republic totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: North Macedonia (X% per year) and Germany (X% per year).
In value terms, the Czech Republic ($X) remains the key foreign market for conveyor or transmission belts or belting exports from Bulgaria, comprising X% of total exports. The second position in the ranking was taken by North Macedonia ($X), with an X% share of total exports. It was followed by Germany, with a X% share.
From 2012 to 2023, the average annual growth rate of value to the Czech Republic totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: North Macedonia (X% per year) and Germany (X% per year).
Export Prices by Country
The average conveyor or transmission belt export price stood at $X per ton in 2023, with an increase of X% against the previous year. Over the period under review, the export price recorded moderate growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major export markets. In 2023, amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the average price for exports to Italy ($X per ton) was amongst the lowest.
From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (X%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Conveyor Or Transmission Belts Or Belting
Imports into Bulgaria
In 2023, approx. X tons of conveyor or transmission belts or belting were imported into Bulgaria; approximately mirroring the previous year's figure. Over the period under review, imports, however, posted a measured expansion. The most prominent rate of growth was recorded in 2022 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons, leveling off in the following year.
In value terms, conveyor or transmission belt imports surged to $X in 2023. In general, total imports indicated notable growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2019 indices. The pace of growth was the most pronounced in 2022 with an increase of X% against the previous year. Over the period under review, imports attained the maximum in 2023 and are likely to see steady growth in the immediate term.
Imports by Country
Serbia (X tons), Poland (X tons) and Turkey (X tons) were the main suppliers of conveyor or transmission belt imports to Bulgaria, together comprising X% of total imports.
From 2012 to 2023, the biggest increases were recorded for Serbia (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.
In value terms, the largest conveyor or transmission belt suppliers to Bulgaria were Germany ($X), Serbia ($X) and Poland ($X), together comprising X% of total imports.
Serbia, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.
Import Prices by Country
In 2023, the average conveyor or transmission belt import price amounted to $X per ton, picking up by X% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the average import price increased by X%. As a result, import price attained the peak level of $X per ton. From 2022 to 2023, the average import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.
From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Slovakia (X%), while the prices for the other major suppliers experienced a decline.
Source: IndexBox Platform
This report provides an in-depth analysis of the market for conveyor or transmission belt in Bulgaria. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 22194030 - Rubber transmission belts of trapezoidal and/or striped configuration (including V-belts)
- Prodcom 22194050 - Rubber conveyor belts
- Prodcom 22194070 - Rubber synchronous belts
- Prodcom 22194090 - Rubber transmission belts (excluding V-belts and V-belting, t rapezoidal and/or striped configuration, conveyor belt, s ynchronous belt)
Country coverage:
- Bulgaria
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Bulgaria
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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