Bulgaria: Market for Industrial Sewing Machines (Non-Automatic) 2024

Market Size for Industrial Sewing Machines (Non-Automatic) in Bulgaria

In 2022, after two years of growth, there was significant decline in the Bulgarian industrial sewing machines (non-automatic) market, when its value decreased by X% to $X. Over the period under review, consumption, however, saw a noticeable reduction. Over the period under review, the market reached the maximum level at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Exports of Industrial Sewing Machines (Non-Automatic)

Exports from Bulgaria

In 2022, shipments abroad of industrial sewing machines (non-automatic) increased by X% to X units, rising for the second year in a row after two years of decline. Overall, exports recorded a resilient expansion. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in years to come.

In value terms, industrial sewing machines (non-automatic) exports rose slightly to $X in 2022. In general, exports, however, showed a mild decline. The pace of growth was the most pronounced in 2013 when exports increased by X%. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Israel (X units) was the main destination for industrial sewing machines (non-automatic) exports from Bulgaria, with a X% share of total exports. Moreover, industrial sewing machines (non-automatic) exports to Israel exceeded the volume sent to the second major destination, Italy (X units), more than tenfold. The third position in this ranking was taken by Turkey (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Israel amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (X% per year) and Turkey (X% per year).

In value terms, Israel ($X) emerged as the key foreign market for industrial sewing machines (non-automatic) exports from Bulgaria, comprising X% of total exports. The second position in the ranking was held by Turkey ($X), with an X% share of total exports. It was followed by North Macedonia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Israel totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (X% per year) and North Macedonia (X% per year).

Export Prices by Country

In 2022, the average industrial sewing machines (non-automatic) export price amounted to $X per unit, waning by X% against the previous year. Over the period under review, the export price faced a abrupt decrease. The growth pace was the most rapid in 2013 when the average export price increased by X%. Over the period under review, the average export prices attained the peak figure at $X per unit in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to Israel ($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 Germany (X%), while the prices for the other major destinations experienced a decline.

Imports of Industrial Sewing Machines (Non-Automatic)

Imports into Bulgaria

In 2022, supplies from abroad of industrial sewing machines (non-automatic) increased by X% to X units, rising for the second year in a row after three years of decline. Over the period under review, imports recorded a noticeable increase. Imports peaked at X units in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, industrial sewing machines (non-automatic) imports declined to $X in 2022. Overall, imports, however, showed a pronounced descent. The growth pace was the most rapid in 2013 when imports increased by X% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

Latvia (X units), the Czech Republic (X units) and Germany (X units) were the main suppliers of industrial sewing machines (non-automatic) imports to Bulgaria, with a combined X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Latvia (with a CAGR of X.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest industrial sewing machines (non-automatic) suppliers to Bulgaria were Germany ($X), the Netherlands ($X) and China ($X), with a combined X% share of total imports. Italy, the Czech Republic, Turkey, Latvia, Lithuania, Romania and Greece lagged somewhat behind, together comprising a further X%.

Latvia, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average industrial sewing machines (non-automatic) import price amounted to $X per unit, declining by X% against the previous year. Over the period under review, the import price recorded a deep setback. The pace of growth was the most pronounced in 2013 when the average import price increased by X% against the previous year. The import price peaked at $X per unit in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

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

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

Source: IndexBox Platform

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