Bulgaria: Washing Machine Market Overview 2020

Washing Machine Market Size in Bulgaria

The revenue of the washing machine 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). Overall, washing machine consumption, however, continues to indicate a temperate decrease. The most prominent rate of growth was recorded in 2018 with an increase of X% y-o-y. Over the period under review, the washing machine market attained its maximum level at $X in 2007; however, from 2008 to 2018, consumption remained at a lower figure.

Washing Machine Exports

Exports from Bulgaria

In 2018, approx. X units of household washing and drying machines were exported from Bulgaria; increasing by X% against the previous year. Over the period under review, washing machine exports continue to indicate a perceptible increase. The most prominent rate of growth was recorded in 2018 when exports increased by X% y-o-y. Exports peaked at X units in 2010; however, from 2011 to 2018, exports remained at a lower figure.

In value terms, washing machine exports stood at $X in 2018. In general, washing machine exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when exports increased by X% against the previous year. Exports peaked at $X in 2010; however, from 2011 to 2018, exports stood at a somewhat lower figure.

Exports by Country

Greece (X units), Italy (X units) and Estonia (X units) were the main destinations of washing machine exports from Bulgaria, together comprising X% of total exports. These countries were followed by Belgium, Bosnia and Herzegovina, Malta, Georgia, Croatia, Lithuania, Albania, Serbia and Cyprus, which together accounted for a further X 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main countries of destination, was attained by Bosnia and Herzegovina, while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for washing machine exported from Bulgaria were Greece ($X), Italy ($X) and Belgium ($X), with a combined X% share of total exports. Georgia, Estonia, Bosnia and Herzegovina, Malta, Albania, Lithuania, Croatia, Serbia and Cyprus lagged somewhat behind, together accounting for a further X the main countries of destination, Albania (+X% per year) recorded the highest rates of growth with regard to exports, over the last eleven years, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the average washing machine export price amounted to $X per unit, lowering by -X% against the previous year. Overall, the washing machine export price continues to indicate a temperate drop. The most prominent rate of growth was recorded in 2017 when the average export price increased by X% against the previous year. Over the period under review, the average export prices for household washing and drying machines attained their maximum at $X per unit in 2008; however, from 2009 to 2018, export prices failed to regain their momentum.

There were significant differences in the average prices for the major foreign markets. In 2018, the country with the highest price was Georgia ($X per unit), while the average price for exports to Estonia ($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 Albania, while the prices for the other major destinations experienced more modest paces of growth.

Washing Machine Imports

Imports into Bulgaria

Washing machine imports into Bulgaria stood at X units in 2018, picking up by X% against the previous year. In general, washing machine imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 when imports increased by X% against the previous year. Over the period under review, washing machine imports attained their maximum at X units in 2007; however, from 2008 to 2018, imports stood at a somewhat lower figure.

In value terms, washing machine imports totaled $X in 2018. Over the period under review, washing machine imports, however, continue to indicate a mild shrinkage. The pace of growth was the most pronounced in 2018 when imports increased by X% year-to-year. Imports peaked at $X in 2007; however, from 2008 to 2018, imports failed to regain their momentum.

Imports by Country

In 2018, Turkey (X units) constituted the largest washing machine supplier to Bulgaria, with a X% share of total imports. Moreover, washing machine imports from Turkey exceeded the figures recorded by the second-largest supplier, Romania (X units), twofold. Poland (X units) ranked third in terms of total imports with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of volume from Turkey was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Romania (+X% per year) and Poland (+X% per year).

In value terms, Turkey ($X), Romania ($X) and Poland ($X) constituted the largest washing machine suppliers to Bulgaria, together accounting for X% of total imports. These countries were followed by Hungary, Serbia, Italy, Slovenia and China, which together accounted for a further X recorded the highest growth rate of imports, among the main suppliers over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the average washing machine import price amounted to $X per unit, declining by -X% against the previous year. Over the period under review, the washing machine import price continues to indicate a mild deduction. The most prominent rate of growth was recorded in 2009 an increase of X% y-o-y. In that year, the average import prices for household washing and drying machines reached their peak level of $X per unit. From 2010 to 2018, the growth in terms of the average import prices for household washing and drying machines 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 ($X per unit), while the price for Slovenia ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Hungary, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox AI Platform