Bulgaria: Market for Grinding, Sanding and Polishing Machines 2024

Market Size for Grinding, Sanding and Polishing Machines in Bulgaria

The Bulgarian market for grinding, sanding and polishing machines shrank modestly to $X in 2022, waning by X% against the previous year. Over the period under review, consumption, however, continues to indicate a abrupt decrease. Grinding, sanding and polishing machine consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Grinding, Sanding and Polishing Machines in Bulgaria

In value terms, grinding, sanding and polishing machine production shrank to $X in 2022 estimated in export price. In general, production, however, continues to indicate a deep slump. The most prominent rate of growth was recorded in 2016 when the production volume increased by X% against the previous year. Grinding, sanding and polishing machine production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Grinding, Sanding and Polishing Machines

Exports from Bulgaria

In 2022, approx. X units of grinding, sanding and polishing machines were exported from Bulgaria; declining by X% on the year before. Overall, exports recorded a deep setback. The most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at X units in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, grinding, sanding and polishing machine exports fell notably to $X in 2022. In general, exports continue to indicate a abrupt descent. 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 lower figure.

Exports by Country

Serbia (X units), Peru (X units) and Georgia (X units) were the main destinations of grinding, sanding and polishing machine exports from Bulgaria, with a combined X% share of total exports.

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

In value terms, the largest markets for grinding, sanding and polishing machine exported from Bulgaria were Peru ($X), Georgia ($X) and Serbia ($X), with a combined X% share of total exports.

Serbia, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination 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 export price for grinding, sanding and polishing machines amounted to $X per unit, falling by X% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the average export price increased by X%. The export price peaked at $X per unit in 2017; however, from 2018 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 Georgia ($X per unit), while the average price for exports to Serbia ($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 Armenia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Grinding, Sanding and Polishing Machines

Imports into Bulgaria

In 2022, purchases abroad of grinding, sanding and polishing machines increased by X% to X units, rising for the second consecutive year after two years of decline. In general, imports posted a resilient expansion. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. Imports peaked at X units in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, grinding, sanding and polishing machine imports stood at $X in 2022. Over the period under review, imports posted a resilient increase. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, imports reached the peak figure at $X in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Germany (X units) constituted the largest supplier of grinding, sanding and polishing machine to Bulgaria, accounting for a X% share of total imports. Moreover, grinding, sanding and polishing machine imports from Germany exceeded the figures recorded by the second-largest supplier, China (X units), fourfold. Turkey (X units) ranked third in terms of total imports with a X% share.

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

In value terms, Germany ($X) constituted the largest supplier of grinding, sanding and polishing machines to Bulgaria, comprising X% of total imports. The second position in the ranking was held by Turkey ($X), with a X% share of total imports. It was followed by China, with an X% share.

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

Import Prices by Country

In 2022, the average import price for grinding, sanding and polishing machines amounted to $X per unit, dropping by X% against the previous year. In general, the import price, however, posted notable growth. The pace of growth appeared the most rapid in 2013 an increase of X% against the previous year. As a result, import price attained the peak level of $X per unit. From 2014 to 2022, the average import prices remained at a lower figure.

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 Turkey ($X per unit), while the price for Switzerland ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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