Bulgaria: Milking Machine Market Overview 2020

Milking Machine Market Size in Bulgaria

The revenue of the milking machine market in Bulgaria amounted to $X in 2018, picking up by X% against the previous year. In general, milking machine consumption continues to indicate a mild contraction. The most prominent rate of growth was recorded in 2016 when the market value increased by X% year-to-year. Milking machine consumption peaked at $X in 2007; however, from 2008 to 2018, consumption stood at a somewhat lower figure.

Milking Machine Production in Bulgaria

In value terms, milking machine production stood at $X in 2018 estimated in export prices. In general, milking machine production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 with an increase of X% against the previous year. In that year, milking machine production reached its peak level of $X. From 2009 to 2018, milking machine production growth remained at a somewhat lower figure.

Milking Machine Exports

Exports from Bulgaria

In 2018, approx. X units of milking machines were exported from Bulgaria; shrinking by -X% against the previous year. In general, milking machine exports continue to indicate a noticeable curtailment. The most prominent rate of growth was recorded in 2014 when exports increased by X% year-to-year. In that year, milking machine exports reached their peak of X units. From 2015 to 2018, the growth of milking machine exports remained at a lower figure.

In value terms, milking machine exports totaled $X in 2018. Over the period under review, milking machine exports continue to indicate strong growth. The pace of growth appeared the most rapid in 2008 with an increase of X% year-to-year. In that year, milking machine exports attained their peak of $X. From 2009 to 2018, the growth of milking machine exports failed to regain its momentum.

Exports by Country

India (X units) was the main destination for milking machine exports from Bulgaria, with a X% share of total exports. It was followed by Singapore (X units), with a X% share of total exports.

From 2007 to 2018, the average annual growth rate of volume to India amounted to +X%.

In value terms, India ($X) remains the key foreign market for milking machine exports from Bulgaria, comprising X% of total milking machine exports. The second position in the ranking was occupied by Singapore ($X), with a X% share of total exports.

From 2007 to 2018, the average annual growth rate of value to India stood at +X%.

Export Prices by Country

In 2018, the average milking machine export price amounted to $X per unit, reducing by -X% against the previous year. In general, the milking machine export price, however, continues to indicate strong growth. The most prominent rate of growth was recorded in 2008 when the average export price increased by X% against the previous year. In that year, the average export prices for milking machines attained their peak level of $X per unit. From 2009 to 2018, the growth in terms of the average export prices for milking machines failed to regain its momentum.

Prices varied noticeably by the country of destination; the country with the highest price was Singapore ($X per unit), while the average price for exports to India amounted to $X per unit.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to India (+X% per year).

Milking Machine Imports

Imports into Bulgaria

Milking machine imports into Bulgaria totaled X units in 2018, surging by X% against the previous year. Over the period under review, milking machine imports continue to indicate a skyrocketing increase. The pace of growth was the most pronounced in 2008 with an increase of X% y-o-y. In that year, milking machine imports attained their peak of X units. From 2009 to 2018, the growth of milking machine imports remained at a lower figure.

In value terms, milking machine imports totaled $X in 2018. Overall, milking machine imports continue to indicate a drastic drop. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. Imports peaked at $X in 2007; however, from 2008 to 2018, imports stood at a somewhat lower figure.

Imports by Country

In 2018, China (X units) was the main supplier of milking machine to Bulgaria, with a approx. X% share of total imports.

From 2007 to 2018, the average annual growth rate of volume from China stood at +X%.

In value terms, China ($X) constituted the largest supplier of milking machine to Bulgaria.

From 2007 to 2018, the average annual rate of growth in terms of value from China totaled +X%.

Import Prices by Country

The average milking machine import price stood at $X per unit in 2018, going up by X% against the previous year. Overall, the milking machine import price, however, continues to indicate a dramatic shrinkage. The pace of growth appeared the most rapid in 2014 an increase of X% year-to-year. The import price peaked at $X per unit in 2007; however, from 2008 to 2018, import prices failed to regain their momentum.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2007 to 2018, the rate of growth in terms of prices for China amounted to +X% per year.

Source: IndexBox AI Platform