Bulgaria: Market for Machine Tools For Working Metal 2024

Market Size for Machine Tools For Working Metal in Bulgaria

The Bulgarian machine-tool for working metal market dropped slightly to $X in 2022, reducing by X% against the previous year. Over the period under review, consumption, however, continues to indicate perceptible growth. Machine-tool for working metal consumption peaked at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Production of Machine Tools For Working Metal in Bulgaria

In value terms, machine-tool for working metal production contracted significantly to $X in 2022 estimated in export price. Overall, production, however, showed a buoyant increase. The growth pace was the most rapid in 2021 when the production volume increased by X%. As a result, production attained the peak level of $X, and then shrank dramatically in the following year.

Exports of Machine Tools For Working Metal

Exports from Bulgaria

In 2022, after four years of growth, there was significant decline in overseas shipments of machine tools for working metal, when their volume decreased by X% to X units. Over the period under review, exports, however, recorded a moderate increase. The most prominent rate of growth was recorded in 2015 when exports increased by X%. Over the period under review, the exports reached the peak figure at X units in 2021, and then contracted significantly in the following year.

In value terms, machine-tool for working metal exports dropped sharply to $X in 2022. Overall, exports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2015 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

Germany (X units), Turkey (X units) and Guinea (X units) were the main destinations of machine-tool for working metal exports from Bulgaria, together accounting for X% of total exports.

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

In value terms, Germany ($X) remains the key foreign market for machine tools for working metal exports from Bulgaria, comprising X% of total exports. The second position in the ranking was taken by Turkey ($X), with a X% share of total exports. It was followed by Russia, with a X% share.

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

Export Prices by Country

In 2022, the average machine-tool for working metal export price amounted to $X per unit, which is down by X% against the previous year. Overall, the export price recorded a perceptible slump. The most prominent rate of growth was recorded in 2013 when the average export price increased by X%. The export price peaked at $X per unit in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

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 Georgia ($X per unit), while the average price for exports to Iran ($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 Guinea (X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Machine Tools For Working Metal

Imports into Bulgaria

In 2022, imports of machine tools for working metal into Bulgaria reduced to X units, dropping by X% compared with 2021 figures. Overall, imports, however, recorded noticeable growth. The most prominent rate of growth was recorded in 2013 when imports increased by X%. As a result, imports attained the peak of X units. From 2014 to 2022, the growth of imports remained at a lower figure.

In value terms, machine-tool for working metal imports shrank to $X in 2022. Over the period under review, total imports indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by X% against 2019 indices. The most prominent rate of growth was recorded in 2019 when imports increased by X%. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Turkey (X units), Germany (X units) and China (X units) were the main suppliers of machine-tool for working metal imports to Bulgaria, with a combined X% share of total imports. Italy, Romania, Poland and Ukraine lagged somewhat behind, together accounting for a further X%.

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

In value terms, the largest machine-tool for working metal suppliers to Bulgaria were Germany ($X), Turkey ($X) and Italy ($X), with a combined X% share of total imports. China, Romania, Poland and Ukraine lagged somewhat behind, together accounting for a further X%.

Romania, 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

The average machine-tool for working metal import price stood at $X per unit in 2022, flattening at the previous year. Over the period under review, the import price, however, posted a perceptible increase. The pace of growth appeared the most rapid in 2014 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the maximum at $X per unit in 2021, and then dropped modestly in the following year.

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

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

Source: IndexBox Platform

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