Bulgaria: Wood Drilling Machine Market 2024

Wood Drilling Machine Market Size in Bulgaria

The Bulgarian wood drilling machine market fell to $X in 2022, with a decrease of X% against the previous year. In general, consumption, however, recorded prominent growth. Over the period under review, the market attained the peak level at $X in 2021, and then reduced in the following year.

Wood Drilling Machine Production in Bulgaria

In value terms, wood drilling machine production declined modestly to $X in 2022 estimated in export price. In general, production, however, posted a notable expansion. The most prominent rate of growth was recorded in 2019 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2022, production growth remained at a somewhat lower figure.

Wood Drilling Machine Exports

Exports from Bulgaria

In 2022, the amount of drilling or morticing machines exported from Bulgaria dropped rapidly to X units, which is down by X% compared with the previous year. Over the period under review, exports continue to indicate a abrupt curtailment. The pace of growth was the most pronounced in 2019 with an increase of X%. Over the period under review, the exports hit record highs at X units in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, wood drilling machine exports dropped sharply to $X in 2022. Overall, exports continue to indicate a deep setback. The growth pace was the most rapid in 2019 when exports increased by X%. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Russia (X units) was the main destination for wood drilling machine exports from Bulgaria, with a X% share of total exports. Moreover, wood drilling machine exports to Russia exceeded the volume sent to the second major destination, Romania (X units), twofold. Germany (X units) ranked third in terms of total exports with a X% share.

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

In value terms, Romania ($X), Russia ($X) and Germany ($X) constituted the largest markets for wood drilling machine exported from Bulgaria worldwide, together accounting for X% of total exports. Poland, Lithuania, Belarus, Serbia, Turkey, Georgia, Malta, Greece, Moldova and Bosnia and Herzegovina lagged somewhat behind, together accounting for a further X%.

Georgia, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average wood drilling machine export price stood at $X per unit in 2022, increasing by X% against the previous year. Over the period under review, the export price showed a prominent expansion. The pace of growth appeared the most rapid in 2018 an increase of X% against the previous year. The export price peaked in 2022 and is expected to retain growth in the immediate term.

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

Wood Drilling Machine Imports

Imports into Bulgaria

In 2022, approx. X units of drilling or morticing machines were imported into Bulgaria; reducing by X% compared with the year before. In general, imports, however, recorded a buoyant expansion. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. Imports peaked at X units in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, wood drilling machine imports shrank rapidly to $X in 2022. Over the period under review, imports, however, recorded a prominent increase. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of $X, and then reduced dramatically in the following year.

Imports by Country

Turkey (X units), Italy (X units) and China (X units) were the main suppliers of wood drilling machine imports to Bulgaria, with a combined X% share of total imports. Poland, Slovenia, Romania and Austria lagged somewhat behind, together comprising a further X%.

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

In value terms, Italy ($X) constituted the largest supplier of drilling or morticing machines to Bulgaria, comprising X% of total imports. The second position in the ranking was held by Slovenia ($X), with a X% share of total imports. It was followed by Turkey, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Italy totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Slovenia (X% per year) and Turkey (X% per year).

Import Prices by Country

The average wood drilling machine import price stood at $X per unit in 2022, with a decrease of X% against the previous year. In general, the import price, however, showed pronounced growth. The most prominent rate of growth was recorded in 2021 when the average import price increased by X%. As a result, import price reached the peak level of $X per unit, and then reduced slightly in the following year.

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 Slovenia ($X per unit), while the price for China ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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