Bulgaria: Metal Sawing Machine Market 2024

Metal Sawing Machine Market Size in Bulgaria

In 2022, the Bulgarian metal sawing machine market increased by X% to $X for the first time since 2016, thus ending a five-year declining trend. Over the period under review, consumption, however, recorded a abrupt setback. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a lower figure.

Metal Sawing Machine Production in Bulgaria

In value terms, metal sawing machine production fell to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a perceptible descent. The most prominent rate of growth was recorded in 2013 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

Metal Sawing Machine Exports

Exports from Bulgaria

For the third consecutive year, Bulgaria recorded growth in shipments abroad of sawing or cutting-off machines for working metal, which increased by X% to X units in 2022. In general, exports recorded a resilient increase. The most prominent rate of growth was recorded in 2017 when exports increased by X%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, metal sawing machine exports declined to $X in 2022. Overall, exports, however, continue to indicate a perceptible contraction. The pace of growth was the most pronounced in 2018 when exports increased by X%. Over the period under review, the exports attained the peak figure at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X units) was the main destination for metal sawing machine exports from Bulgaria, with a X% share of total exports. Moreover, metal sawing machine exports to Germany exceeded the volume sent to the second major destination, the Netherlands (X units), fivefold. The third position in this ranking was taken by Russia (X units), with an X% share.

From 2012 to 2022, the average annual growth rate of volume to Germany amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (X% per year) and Russia (X% per year).

In value terms, Germany ($X) remains the key foreign market for sawing or cutting-off machines for working metal exports from Bulgaria, comprising X% of total exports. The second position in the ranking was taken by Russia ($X), with a X% share of total exports. It was followed by the Netherlands, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (X% per year) and the Netherlands (X% per year).

Export Prices by Country

The average metal sawing machine export price stood at $X per unit in 2022, declining by X% against the previous year. Over the period under review, the export price saw a deep contraction. The pace of growth was the most pronounced in 2019 an increase of X%. Over the period under review, the average export prices reached the maximum at $X per unit in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Romania ($X per unit), while the average price for exports to Serbia ($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 Luxembourg (X%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Sawing Machine Imports

Imports into Bulgaria

After two years of growth, overseas purchases of sawing or cutting-off machines for working metal decreased by X% to X units in 2022. Overall, imports, however, enjoyed buoyant growth. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at X units in 2021, and then dropped in the following year.

In value terms, metal sawing machine imports dropped slightly to $X in 2022. In general, imports, however, recorded a prominent increase. The most prominent rate of growth was recorded in 2013 when imports increased by X%. Imports peaked at $X in 2021, and then fell slightly in the following year.

Imports by Country

In 2022, Turkey (X units) constituted the largest metal sawing machine supplier to Bulgaria, with a X% share of total imports. Moreover, metal sawing machine imports from Turkey exceeded the figures recorded by the second-largest supplier, Germany (X units), threefold. China (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Turkey totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and China (X% per year).

In value terms, Turkey ($X), Germany ($X) and China ($X) appeared to be the largest metal sawing machine suppliers to Bulgaria, together accounting for X% of total imports. Italy, the Czech Republic, the Netherlands, Austria and France lagged somewhat behind, together comprising a further X%.

The Netherlands, 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

The average metal sawing machine import price stood at $X per unit in 2022, with an increase of X% against the previous year. In general, import price indicated a tangible expansion from 2012 to 2022: its price 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, metal sawing machine import price increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2014 when the average import price increased by X%. Over the period under review, average import prices reached the peak figure at $X per unit in 2017; however, from 2018 to 2022, 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 Italy ($X per unit), while the price for China ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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