Bulgaria: Tobacco Making Machinery Market 2024

Tobacco Making Machinery Market Size in Bulgaria

In 2022, the Bulgarian tobacco making machinery market decreased by X% to $X for the first time since 2019, thus ending a two-year rising trend. In general, consumption recorded a abrupt descent. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Tobacco Making Machinery Production in Bulgaria

In value terms, tobacco making machinery production reached $X in 2022 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2015 when the production volume increased by X% against the previous year. Tobacco making machinery production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Tobacco Making Machinery Exports

Exports from Bulgaria

In 2022, exports of machinery for the preparation or making up of tobacco from Bulgaria declined notably to X units, with a decrease of X% on the year before. In general, exports, however, showed prominent growth. The most prominent rate of growth was recorded in 2019 when exports increased by X% against the previous year. The exports peaked at X units in 2021, and then fell remarkably in the following year.

In value terms, tobacco making machinery exports declined remarkably to $X in 2022. Overall, exports, however, posted prominent growth. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Russia (X units), Ukraine (X units) and Slovakia (X units) were the main destinations of tobacco making machinery exports from Bulgaria, with a combined X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Ukraine (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for tobacco making machinery exported from Bulgaria were China ($X), Russia ($X) and the United Arab Emirates ($X), with a combined X% share of total exports. Germany, Slovakia, Ukraine, Zambia, Romania, Bosnia and Herzegovina, Moldova, the Czech Republic and Hungary lagged somewhat behind, together accounting for a further X%.

Ukraine, with a CAGR of X%, recorded the highest growth rate of 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 tobacco making machinery export price stood at $X per unit in 2022, surging by X% against the previous year. Over the period under review, the export price, however, continues to indicate a noticeable curtailment. The most prominent rate of growth was recorded in 2017 an increase of X%. As a result, the export price attained the peak level of $X per unit. From 2018 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per unit), while the average price for exports to Hungary ($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 China (X%), while the prices for the other major destinations experienced more modest paces of growth.

Tobacco Making Machinery Imports

Imports into Bulgaria

After two years of growth, supplies from abroad of machinery for the preparation or making up of tobacco decreased by X% to X units in 2022. Over the period under review, imports continue to indicate a perceptible shrinkage. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of X units, and then declined rapidly in the following year.

In value terms, tobacco making machinery imports fell dramatically to $X in 2022. In general, imports recorded a deep reduction. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Imports peaked at $X in 2021, and then dropped significantly in the following year.

Imports by Country

Poland (X units), India (X units) and the United Arab Emirates (X units) were the main suppliers of tobacco making machinery imports to Bulgaria, together comprising X% of total imports.

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

In value terms, Poland ($X) constituted the largest supplier of machinery for the preparation or making up of tobacco to Bulgaria, comprising X% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with a X% share of total imports. It was followed by Indonesia, with an X% share.

From 2012 to 2022, the average annual growth rate of value from Poland stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (X% per year) and Indonesia (X% per year).

Import Prices by Country

In 2022, the average tobacco making machinery import price amounted to $X per unit, with an increase of X% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per unit. From 2018 to 2022, the average import prices failed to regain momentum.

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

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :