Bulgaria: Meat-Preparation Industrial Machinery Market 2024

Meat-Preparation Industrial Machinery Market Size in Bulgaria

The Bulgarian meat-preparation industrial machinery market skyrocketed to $X in 2022, growing by X% against the previous year. Overall, consumption showed a significant expansion. Meat-preparation industrial machinery consumption peaked in 2022 and is expected to retain growth in the near future.

Meat-Preparation Industrial Machinery Production in Bulgaria

In value terms, meat-preparation industrial machinery production surged to $X in 2022 estimated in export price. Over the period under review, production posted significant growth. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Meat-Preparation Industrial Machinery Exports

Exports from Bulgaria

In 2022, shipments abroad of industrial machinery for the preparation of meat or poultry increased by X% to X units, rising for the second consecutive year after two years of decline. In general, exports recorded a resilient expansion. The most prominent rate of growth was recorded in 2013 when exports increased by X%. The exports peaked at X units in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, meat-preparation industrial machinery exports surged to $X in 2022. Over the period under review, exports recorded a buoyant increase. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, the exports reached the maximum at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

The Netherlands (X units), Romania (X units) and South Africa (X units) were the main destinations of meat-preparation industrial machinery exports from Bulgaria, with a combined X% share of total exports.

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

In value terms, Romania ($X), the Netherlands ($X) and Germany ($X) were the largest markets for meat-preparation industrial machinery exported from Bulgaria worldwide, with a combined X% share of total exports.

The Netherlands, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among 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

The average meat-preparation industrial machinery export price stood at $X per unit in 2022, falling by X% against the previous year. Overall, the export price showed a slight contraction. The most prominent rate of growth was recorded in 2015 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2016 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($X per unit), while the average price for exports to the United States ($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 Cyprus (X%), while the prices for the other major destinations experienced more modest paces of growth.

Meat-Preparation Industrial Machinery Imports

Imports into Bulgaria

In 2022, purchases abroad of industrial machinery for the preparation of meat or poultry increased by X% to X units, rising for the second year in a row after two years of decline. Overall, imports enjoyed a strong increase. The pace of growth was the most pronounced in 2015 when imports increased by X%. Over the period under review, imports hit record highs at X units in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, meat-preparation industrial machinery imports surged to $X in 2022. In general, imports recorded strong growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Germany (X units) constituted the largest supplier of meat-preparation industrial machinery to Bulgaria, accounting for a X% share of total imports. Moreover, meat-preparation industrial machinery imports from Germany exceeded the figures recorded by the second-largest supplier, China (X units), threefold. The Netherlands (X units) ranked third in terms of total imports with an X% share.

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

In value terms, Germany ($X) constituted the largest supplier of industrial machinery for the preparation of meat or poultry to Bulgaria, comprising X% of total imports. The second position in the ranking was taken by Austria ($X), with a X% share of total imports. It was followed by Spain, with an X% share.

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

Import Prices by Country

In 2022, the average meat-preparation industrial machinery import price amounted to $X per unit, growing by X% against the previous year. In general, the import price, however, continues to indicate a mild decrease. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($X per unit), while the price for Greece ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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