Bulgaria: Manostat Market 2022

Manostat Market Size in Bulgaria

After three years of decline, the Bulgarian manostat market increased by X% to $X in 2021. Over the period under review, consumption, however, continues to indicate a deep reduction. Manostat consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Manostat Production in Bulgaria

In value terms, manostat production expanded slightly to $X in 2021 estimated in export price. Overall, production saw a drastic downturn. The most prominent rate of growth was recorded in 2016 when the production volume increased by X%. Manostat production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Manostat Exports

Exports from Bulgaria

In 2021, shipments abroad of manostats decreased by -X% to X units for the first time since 2018, thus ending a two-year rising trend. Overall, exports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2013 with an increase of X%. The exports peaked at X units in 2020, and then plummeted in the following year.

In value terms, manostat exports contracted remarkably to $X in 2021. Over the period under review, exports, however, recorded significant growth. The growth pace was the most rapid in 2013 with an increase of X%. The exports peaked at $X in 2020, and then plummeted in the following year.

Exports by Country

The UK (X units) was the main destination for manostat exports from Bulgaria, with a X% share of total exports. Moreover, manostat exports to the UK exceeded the volume sent to the second major destination, Iran (X units), fivefold. The third position in this ranking was occupied by Turkey (X units), with a X% share.

From 2012 to 2021, the average annual growth rate of volume to the UK amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iran (+X% per year) and Turkey (+X% per year).

In value terms, the UK ($X) remains the key foreign market for manostat exports from Bulgaria, comprising X% of total exports. The second position in the ranking was occupied by Turkey ($X), with a X% share of total exports. It was followed by Iran, with a X% share.

From 2012 to 2021, the average annual growth rate of value to the UK totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (+X% per year) and Iran (+X% per year).

Export Prices by Country

In 2021, the average manostat export price amounted to $X per unit, with a decrease of -X% against the previous year. Overall, the export price faced a abrupt downturn. The most prominent rate of growth was recorded in 2016 when the average export price increased by X%. Over the period under review, the average export prices hit record highs at $X per unit in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Kosovo (+X%), while the prices for the other major destinations experienced a decline.

Manostat Imports

Imports into Bulgaria

For the sixth year in a row, Bulgaria recorded growth in overseas purchases of manostats, which increased by X% to X units in 2021. Overall, imports showed a resilient expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, manostat imports skyrocketed to $X in 2021. In general, total imports indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Italy (X units), China (X units) and Serbia (X units) were the main suppliers of manostat imports to Bulgaria, together accounting for X% of total imports. Slovakia, Germany, Turkey and the Czech Republic lagged somewhat behind, together comprising a further X 2012 to 2021, the biggest increases were in Slovakia (with a CAGR of +X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Italy ($X) and China ($X) were the largest manostat suppliers to Bulgaria, with a combined X% share of total imports.

China, with a CAGR of +X%, saw the highest rates of growth with regard to the value of imports, in terms of 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 2021, the average manostat import price amounted to $X per unit, rising by X% against the previous year. Over the period under review, the import price, however, showed a abrupt decrease. The pace of growth was the most pronounced in 2013 when the average import price increased by X%. As a result, import price reached the peak level of $X per unit. From 2014 to 2021, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Germany ($X per unit), while the price for Serbia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Serbia (+X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform