Bulgaria: Food Mixer Market Overview 2020

Food Mixer Market Size in Bulgaria

The revenue of the food mixer market in Bulgaria amounted to $X in 2018, surging 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, food mixer consumption continues to indicate remarkable growth. The most prominent rate of growth was recorded in 2010 with an increase of X% y-o-y. Food mixer consumption peaked in 2018 and is likely to continue its growth in the near future.

Food Mixer Exports

Exports from Bulgaria

In 2018, the food mixer exports from Bulgaria amounted to X units, rising by X% against the previous year. Over the period under review, food mixer exports continue to indicate prominent growth. The most prominent rate of growth was recorded in 2012 with an increase of X% against the previous year. Exports peaked in 2018 and are expected to retain its growth in the immediate term.

In value terms, food mixer exports stood at $X in 2018. Over the period under review, food mixer exports continue to indicate an outstanding expansion. The pace of growth appeared the most rapid in 2012 when exports increased by X% y-o-y. Over the period under review, food mixer exports reached their maximum in 2018 and are expected to retain its growth in the near future.

Exports by Country

Hungary (X units) was the main destination for food mixer exports from Bulgaria, with a X% share of total exports. Moreover, food mixer exports to Hungary exceeded the volume sent to the second major destination, Romania (X units), more than tenfold. The third position in this ranking was occupied by China (X units), with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of volume to Hungary stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (-X% per year) and China (+X% per year).

In value terms, the largest markets for food mixer exported from Bulgaria were Hungary ($X), Germany ($X) and Greece ($X), with a combined X% share of total exports.

In terms of the main countries of destination, Hungary (+X% per year) experienced the highest growth rate of exports, over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the average food mixer export price amounted to $X per unit, picking up by X% against the previous year. Overall, the food mixer export price continues to indicate a resilient expansion. The growth pace was the most rapid in 2011 when the average export price increased by X% y-o-y. The export price peaked in 2018 and is likely to continue its growth in the near future.

Prices varied noticeably by the country of destination; the country with the highest price was Germany ($X per unit), while the average price for exports to Hungary ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+X% per year), while the prices for the other major destinations experienced more modest paces of growth.

Food Mixer Imports

Imports into Bulgaria

Food mixer imports into Bulgaria totaled X units in 2018, increasing by X% against the previous year. In general, food mixer imports continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2010 when imports increased by X% y-o-y. Over the period under review, food mixer imports attained their peak figure at X units in 2014; however, from 2015 to 2018, imports remained at a lower figure.

In value terms, food mixer imports stood at $X in 2018. Overall, food mixer imports continue to indicate a prominent expansion. The growth pace was the most rapid in 2010 when imports increased by X% against the previous year. Over the period under review, food mixer imports reached their maximum in 2018 and are likely to continue its growth in the immediate term.

Imports by Country

In 2018, China (X units) constituted the largest food mixer supplier to Bulgaria, accounting for a X% share of total imports. Moreover, food mixer imports from China exceeded the figures recorded by the second-largest supplier, Poland (X units), fourfold. Germany (X units) ranked third in terms of total imports with a X% share.

From 2007 to 2018, the average annual growth rate of volume from China totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+X% per year) and Germany (+X% per year).

In value terms, China ($X), Poland ($X) and Germany ($X) constituted the largest food mixer suppliers to Bulgaria, together comprising X% of total imports.

In terms of the main suppliers, Germany experienced the highest rates of growth with regard to imports, over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The average food mixer import price stood at $X per unit in 2018, picking up by X% against the previous year. Over the period under review, the food mixer import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the average import price increased by X% against the previous year. In that year, the average import prices for domestic food grinders and mixers and fruit or vegetable juice extractors attained their peak level of $X per unit. From 2014 to 2018, the growth in terms of the average import prices for domestic food grinders and mixers and fruit or vegetable juice extractors remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2018, the country with the highest price was Hungary ($X per unit), while the price for Spain ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Romania, while the prices for the other major suppliers experienced a decline.

Source: IndexBox AI Platform