Bulgaria: Washing Machine Market Overview 2021

Washing Machine Market Size in Bulgaria

After two years of growth, the Bulgarian washing machine market decreased by -X% to $X in 2020. In general, consumption saw a perceptible curtailment. The most prominent rate of growth was recorded in 2018 with an increase of X% year-to-year. Over the period under review, the market reached the maximum level at $X in 2007; however, from 2008 to 2020, consumption remained at a lower figure.

Washing Machine Exports

Exports from Bulgaria

In 2020, overseas shipments of household washing and drying machines decreased by -X% to X units for the first time since 2017, thus ending a two-year rising trend. Over the period under review, exports, however, posted slight growth. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Exports peaked at X units in 2019, and then fell significantly in the following year.

In value terms, washing machine exports reduced dramatically to $X in 2020. In general, exports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when exports increased by X% year-to-year. Over the period under review, exports attained the maximum at $X in 2010; however, from 2011 to 2020, exports failed to regain the momentum.

Exports by Country

Greece (X units) was the main destination for washing machine exports from Bulgaria, with a X% share of total exports. Moreover, washing machine exports to Greece exceeded the volume sent to the second major destination, Italy (X units), fourfold. Belgium (X units) ranked third in terms of total exports with a X% share.

From 2007 to 2020, the average annual growth rate of volume to Greece totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+X% per year) and Belgium (-X% per year).

In value terms, Greece ($X) remains the key foreign market for washing machine exports from Bulgaria, comprising X% of total exports. The second position in the ranking was occupied by Italy ($X), with a X% share of total exports. It was followed by Belgium, with a X% share.

From 2007 to 2020, the average annual growth rate of value to Greece amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+X% per year) and Belgium (-X% per year).

Export Prices by Country

In 2020, the average washing machine export price amounted to $X per unit, growing by X% against the previous year. Over the period under review, the export price, however, continues to indicate a mild setback. Over the period under review, average export prices reached the maximum at $X per unit in 2008; however, from 2009 to 2020, export prices remained at a lower figure.

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

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Romania, while the prices for the other major destinations experienced mixed trend patterns.

Washing Machine Imports

Imports into Bulgaria

In 2020, purchases abroad of household washing and drying machines decreased by -X% to X units for the first time since 2017, thus ending a two-year rising trend. Over the period under review, imports recorded a perceptible downturn. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at X units in 2019, and then contracted notably in the following year.

In value terms, washing machine imports reduced remarkably to $X in 2020. In general, imports recorded a noticeable decrease. The most prominent rate of growth was recorded in 2018 when imports increased by X% y-o-y. Over the period under review, imports reached the maximum at $X in 2007; however, from 2008 to 2020, imports stood at a somewhat lower figure.

Imports by Country

In 2020, Turkey (X units) constituted the largest supplier of washing machine to Bulgaria, accounting for 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 2020, the average annual growth rate of volume from Turkey amounted to -X%. 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) were the largest washing machine suppliers to Bulgaria, with a combined X% share of total imports.

Among the main suppliers, Romania saw 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

In 2020, the average washing machine import price amounted to $X per unit, jumping by X% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. Over the period under review, average import prices reached the maximum at $X per unit in 2011; however, from 2012 to 2020, import prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Hungary ($X per unit), while the price for Turkey ($X per unit) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Romania, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for household washing and drying machines in the world?

+

China (76M units) remains the largest washing machine consuming country worldwide, accounting for 39% of total volume. Moreover, washing machine consumption in China exceeded the figures recorded by the second-largest consumer, the U.S. (10M units), sevenfold. The third position in this ranking was occupied by Brazil (10M units), with a 5.2% share.

What are the largest producers of household washing and drying machines in the world?

+

The country with the largest volume of washing machine production was China (101M units), accounting for 52% of total volume. Moreover, washing machine production in China exceeded the figures recorded by the second-largest producer, Turkey (13M units), eightfold. The third position in this ranking was occupied by Poland (12M units), with a 6.2% share.

What are the leading suppliers of household washing and drying machines to Bulgaria?

+

In value terms, Turkey ($13M), Romania ($8.9M) and Poland ($7.4M) appeared to be the largest washing machine suppliers to Bulgaria, together comprising 58% of total imports.

What are the leading importers of household washing and drying machines from Bulgaria?

+

In value terms, Greece ($2.4M) remains the key foreign market for washing machine exports from Bulgaria, comprising 56% of total exports. The second position in the ranking was occupied by Italy ($511K), with a 12% share of total exports. It was followed by Belgium, with a 8.7% share.

What is the average export price for household washing and drying machines in Bulgaria?

+

The average washing machine export price stood at $225 per unit in 2020, surging by 12% against the previous year.

What is the average import price for household washing and drying machines in Bulgaria?

+

In 2020, the average washing machine import price amounted to $237 per unit, picking up by 20% against the previous year.