Bulgaria: Aircraft Propeller Market 2022

Aircraft Propeller Market Size in Bulgaria

The Bulgarian aircraft propeller market contracted rapidly to $X in 2021, declining by -X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, posted a temperate expansion. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market failed to regain momentum.

Aircraft Propeller Exports

Exports from Bulgaria

Aircraft propeller exports from Bulgaria surged to X kg in 2021, with an increase of X% compared with the previous year. Overall, exports, however, recorded a abrupt descent. The most prominent rate of growth was recorded in 2017 when exports increased by X%. The exports peaked at X tons in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, aircraft propeller exports expanded sharply to $X in 2021. In general, exports, however, showed a abrupt contraction. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Central African Republic (X kg) was the main destination for aircraft propeller exports from Bulgaria, with a X% share of total exports. Moreover, aircraft propeller exports to Central African Republic exceeded the volume sent to the second major destination, Italy (X kg), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume to Central African Republic was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (-X% per year) and Germany (X% per year).

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

From 2012 to 2021, the average annual growth rate of value to Italy amounted to -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and Central African Republic (X% per year).

Export Prices by Country

The average aircraft propeller export price stood at $X per ton in 2021, which is down by -X% against the previous year. In general, the export price continues to indicate a abrupt decline. The pace of growth was the most pronounced in 2018 an increase of X%. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by the country of destination: the country with the highest price was Germany ($X per ton), while the average price for exports to Central African Republic ($X per ton) was amongst the lowest.

From 2012 to 2021, 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.

Aircraft Propeller Imports

Imports into Bulgaria

In 2021, the amount of propellers and rotors for civil non-powered aircraft, helicopters and aeroplanes imported into Bulgaria fell notably to X tons, shrinking by -X% against the previous year's figure. Over the period under review, imports continue to indicate a abrupt contraction. The pace of growth was the most pronounced in 2017 when imports increased by X% against the previous year. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, aircraft propeller imports shrank to $X in 2021. Overall, imports continue to indicate a modest expansion. The pace of growth was the most pronounced in 2017 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2018 to 2021, the growth imports remained at a lower figure.

Imports by Country

Russia (X tons), Italy (X kg) and France (X kg) were the main suppliers of aircraft propeller imports to Bulgaria, together comprising X% of total imports. Denmark, the United States, the UK and Ukraine lagged somewhat behind, together accounting for a further X 2012 to 2021, the biggest increases were in Denmark (with a CAGR of +X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X) constituted the largest supplier of aircraft propeller to Bulgaria, comprising X% of total imports. The second position in the ranking was occupied by Italy ($X), with an X% share of total imports. It was followed by the United States, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Russia totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+X% per year) and the United States (+X% per year).

Import Prices by Country

In 2021, the average aircraft propeller import price amounted to $X per ton, surging by X% against the previous year. Overall, the import price continues to indicate a strong expansion. The growth pace was the most rapid in 2017 an increase of X%. Over the period under review, average import prices attained the maximum at $X per ton in 2018; however, from 2019 to 2021, 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 Russia ($X per ton), while the price for Denmark ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform