Bulgaria: Milking Machine Market 2024

Milking Machine Market Size in Bulgaria

The Bulgarian milking machine market reached $X in 2022, with an increase of X% against the previous year. Overall, the total consumption indicated strong growth 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, consumption decreased by X% against 2020 indices. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Milking Machine Production in Bulgaria

In value terms, milking machine production rose markedly to $X in 2022 estimated in export price. Over the period under review, the total production indicated buoyant growth 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, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2020 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Milking Machine Exports

Exports from Bulgaria

After two years of decline, shipments abroad of milking machines increased by X% to X units in 2022. Over the period under review, exports recorded a significant increase. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, milking machine exports soared to $X in 2022. In general, exports enjoyed prominent growth. The growth pace was the most rapid in 2016 when exports increased by X% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

North Macedonia (X units) was the main destination for milking machine exports from Bulgaria, accounting for a X% share of total exports. Moreover, milking machine exports to North Macedonia exceeded the volume sent to the second major destination, Greece (X units), sixfold.

From 2014 to 2022, the average annual rate of growth in terms of volume to North Macedonia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Greece (X% per year) and Iraq (X% per year).

In value terms, North Macedonia ($X), Iraq ($X) and Greece ($X) constituted the largest markets for milking machine exported from Bulgaria worldwide.

North Macedonia, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average milking machine export price amounted to $X per unit, dropping by X% against the previous year. In general, the export price showed a abrupt setback. The pace of growth was the most pronounced in 2016 an increase of X%. The export price peaked at $X per unit in 2014; however, from 2015 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 Iraq ($X per unit), while the average price for exports to North Macedonia ($X per unit) was amongst the lowest.

From 2014 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (X%), while the prices for the other major destinations experienced more modest paces of growth.

Milking Machine Imports

Imports into Bulgaria

After two years of decline, purchases abroad of milking machines increased by X% to X units in 2022. In general, imports showed prominent growth. The growth pace was the most rapid in 2014 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the near future.

In value terms, milking machine imports soared to $X in 2022. Overall, imports enjoyed strong growth. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Germany (X units), Turkey (X units) and Italy (X units) were the main suppliers of milking machine imports to Bulgaria, together comprising X% of total imports.

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

In value terms, Italy ($X), Turkey ($X) and Germany ($X) were the largest milking machine suppliers to Bulgaria, together comprising X% of total imports. Greece and Belgium lagged somewhat behind, together comprising a further X%.

Among the main suppliers, Greece, with a CAGR of X%, saw the highest growth rate of the value of imports, 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 milking machine import price amounted to $X per unit, surging by X% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 an increase of X% against the previous year. As a result, import price reached the peak level of $X per unit. From 2015 to 2022, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Greece ($X per unit), while the price for Germany ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Greece (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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