Bulgaria: Market for Turbo-Jets Of A Thrust Not Exceeding 25 kN 2024

Market Size for Turbo-Jets Of A Thrust Not Exceeding 25 kN in Bulgaria

The Bulgarian turbo-jet (under X kN) market shrank modestly to $X in 2022, dropping by X% against the previous year. Over the period under review, consumption, however, showed a strong expansion. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Production of Turbo-Jets Of A Thrust Not Exceeding X kN in Bulgaria

In value terms, turbo-jet (under X kN) production dropped modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

Exports of Turbo-Jets Of A Thrust Not Exceeding 25 kN

Exports from Bulgaria

In 2022, shipments abroad of turbo-jets of a thrust not exceeding X kN decreased by X% to X units for the first time since 2018, thus ending a three-year declining trend. Overall, exports faced a dramatic contraction. The growth pace was the most rapid in 2014 when exports increased by X%. Over the period under review, the exports reached the maximum at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, turbo-jet (under X kN) exports soared to $X in 2022. In general, exports recorded a noticeable expansion. The most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the immediate term.

Exports by Country

Serbia (X units) and Malaysia (X units) were the main destinations of turbo-jet (under X kN) exports from Bulgaria. Moreover, turbo-jet (under X kN) exports in Serbia exceeded the figures recorded by the second-largest exporter, Malaysia, twofold.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Malaysia (with a CAGR of X%).

In value terms, Serbia ($X) remains the key foreign market for turbo-jets of a thrust not exceeding X kN exports from Bulgaria, comprising X% of total exports. The second position in the ranking was held by Malaysia ($X), with less than X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Serbia totaled X%.

Export Prices by Country

In 2022, the average turbo-jet (under X kN) export price amounted to $X per unit, with an increase of X% against the previous year. Overall, the export price saw a significant expansion. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Serbia ($X,134 per unit), while the average price for exports to Malaysia stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ukraine (X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Turbo-Jets Of A Thrust Not Exceeding 25 kN

Imports into Bulgaria

In 2022, the amount of turbo-jets of a thrust not exceeding X kN imported into Bulgaria declined markedly to X units, waning by X% on 2021. Overall, imports continue to indicate a deep slump. The pace of growth was the most pronounced in 2019 with an increase of X%. Over the period under review, imports hit record highs at X units in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, turbo-jet (under X kN) imports skyrocketed to $X in 2022. Over the period under review, imports, however, showed buoyant growth. The pace of growth appeared the most rapid in 2017 when imports increased by X%. As a result, imports reached the peak of $X. From 2018 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Serbia (X units), Indonesia (X units) and Portugal (X units) were the main suppliers of turbo-jet (under X kN) 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 Indonesia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest turbo-jet (under X kN) suppliers to Bulgaria were Indonesia ($X), Portugal ($X) and Serbia ($X), together comprising X% of total imports.

Indonesia, with a CAGR of X%, recorded 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 mixed trend patterns.

Import Prices by Country

In 2022, the average turbo-jet (under X kN) import price amounted to $X,681 per unit, picking up by X% against the previous year. Over the period under review, the import price recorded a significant increase. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the near future.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Indonesia ($X,712 per unit) and Portugal ($X,220 per unit), while the price for Jordan ($X per unit) and Serbia ($X,741 per unit) were amongst the lowest.

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

Source: IndexBox Platform

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