Bulgaria: Cylindrical Roller Bearing Market 2024

Cylindrical Roller Bearing Market Size in Bulgaria

In 2022, the Bulgarian cylindrical roller bearing market decreased by X% to $X, falling for the third consecutive year after three years of growth. Overall, consumption showed prominent growth. Bulgaria consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Cylindrical Roller Bearing Exports

Exports from Bulgaria

In 2022, shipments abroad of cylindrical roller bearings decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports, however, saw a mild increase. The pace of growth was the most pronounced in 2021 when exports increased by X%. As a result, the exports reached the peak of X tons, and then dropped markedly in the following year.

In value terms, cylindrical roller bearing exports contracted to $X in 2022. Overall, exports, however, enjoyed strong growth. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The shipments of the three major exporters of cylindrical roller bearings, namely Germany, China and Japan, represented more than half of total export. Romania (X tons) ranks next in terms of the total exports with an X% share, followed by Slovakia (X%). Kazakhstan (X tons), Canada (X tons), Hong Kong SAR (X tons), Poland (X tons), France (X tons), Italy (X tons), India (X tons) and the Netherlands (X tons) held a minor share of total exports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the largest cylindrical roller bearing supplier from Bulgaria, comprising X% of global exports. The second position in the ranking was taken by Japan ($X), with an X% share of global exports. It was followed by China, with an X% share.

In Germany, cylindrical roller bearing exports remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: Japan (X% per year) and China (X% per year).

Export Prices by Country

The export price in Bulgaria stood at $X per ton in 2022, jumping by X% against the previous year. Overall, the export price showed a buoyant increase. The most prominent rate of growth was recorded in 2014 when the export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was France ($X per ton), while Poland ($X per ton) was amongst the lowest.

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

Cylindrical Roller Bearing Imports

Imports into Bulgaria

Cylindrical roller bearing imports into Bulgaria fell to X tons in 2022, reducing by X% against the previous year's figure. In general, imports, however, showed strong growth. The pace of growth was the most pronounced in 2015 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, cylindrical roller bearing imports declined to $X in 2022. Overall, imports, however, recorded tangible growth. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Bulgaria imports peaked at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons), Russia (X tons) and Germany (X tons) represented the major importer of cylindrical roller bearings in the world, committing X% of total import. It was distantly followed by the United States (X tons), mixing up a X% share of total imports. Spain (X tons), Mexico (X tons), Italy (X tons), Brazil (X tons), Thailand (X tons), South Korea (X tons), Belgium (X tons), Turkey (X tons) and the Czech Republic (X tons) held a little share of total imports.

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

In value terms, the largest cylindrical roller bearing importing markets into Bulgaria were China ($X), Germany ($X) and the United States ($X), with a combined X% share of total imports. Russia, Mexico, Italy, Brazil, South Korea, Spain, Belgium, Turkey, the Czech Republic and Thailand lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, Spain, 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 import price in Bulgaria stood at $X per ton in 2022, falling by X% against the previous year. Over the period under review, the import price showed a pronounced slump. The most prominent rate of growth was recorded in 2018 when the import price increased by X% against the previous year. Bulgaria import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the United States ($X per ton), while Russia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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