Bulgaria: Tapered Roller Bearing Market 2022

Tapered Roller Bearing Market Size in Bulgaria

In 2021, the Bulgarian tapered roller bearing market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, consumption, however, showed a perceptible setback. Tapered roller bearing consumption peaked at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Tapered Roller Bearing Exports

Exports from Bulgaria

In 2021, the amount of tapered roller bearings exported from Bulgaria dropped markedly to X tons, falling by -X% compared with 2020. Overall, total exports indicated a modest increase from 2012 to 2021: its volume increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +X% against 2019 indices. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, tapered roller bearing exports contracted to $X in 2021. Over the period under review, exports, however, continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Romania (X tons) was the main destination for tapered roller bearing exports from Bulgaria, with a X% share of total exports. Moreover, tapered roller bearing exports to Romania exceeded the volume sent to the second major destination, Turkey (X tons), twofold. The third position in this ranking was occupied by India (X tons), with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Romania stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (+X% per year) and India (+X% per year).

In value terms, the largest markets for tapered roller bearing exported from Bulgaria were Romania ($X), Italy ($X) and Greece ($X), together accounting for X% of total exports.

In terms of the main countries of destination, Italy, with a CAGR of +X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average tapered roller bearing export price stood at $X per ton in 2021, increasing by X% against the previous year. Overall, export price indicated a noticeable increase from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, tapered roller bearing export price decreased by -X% against 2019 indices. The growth pace was the most rapid in 2018 an increase of X%. The export price peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Italy ($X per ton), while the average price for exports to India ($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 Greece (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Tapered Roller Bearing Imports

Imports into Bulgaria

After two years of decline, purchases abroad of tapered roller bearings increased by X% to X tons in 2021. Over the period under review, imports, however, continue to indicate a perceptible setback. The growth pace was the most rapid in 2013 when imports increased by X%. As a result, imports reached the peak of X tons. From 2014 to 2021, the growth imports remained at a somewhat lower figure.

In value terms, tapered roller bearing imports surged to $X in 2021. In general, imports, however, saw a relatively flat trend pattern. Imports peaked at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

China (X tons), Germany (X tons) and the Netherlands (X tons) were the main suppliers of tapered roller bearing imports to Bulgaria, together comprising X% of total imports. These countries were followed by France, Hong Kong SAR, Russia, Sweden, Poland, Italy, Slovakia and Belgium, which together accounted for a further X 2012 to 2021, the biggest increases were in Hong Kong SAR (with a CAGR of +X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of tapered roller bearing to Bulgaria, comprising X% of total imports. The second position in the ranking was occupied by China ($X), with a X% share of total imports. It was followed by the Netherlands, with a X% share.

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

Import Prices by Country

The average tapered roller bearing import price stood at $X per ton in 2021, picking up by X% against the previous year. Overall, import price indicated a measured expansion from 2012 to 2021: its price 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. Based on 2021 figures, tapered roller bearing import price increased by +X% against 2018 indices. The most prominent rate of growth was recorded in 2015 an increase of X% against the previous year. The import price peaked in 2021 and is likely to see gradual growth in years to come.

Prices varied noticeably by the country of origin: the country with the highest price was Italy ($X per ton), while the price for China ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform