Seals; Mechanical Price in Bulgaria - 2023

Contents:

1. Seals; Mechanical Price in Bulgaria (CIF) - 2022
2. Seals; Mechanical Price in Bulgaria (FOB) - 2022
3. Seals; Mechanical Imports in Bulgaria
4. Seals; Mechanical Exports in Bulgaria

Seals; Mechanical Price in Bulgaria (CIF) - 2022

The average seals; mechanical import price stood at $3.3 per unit in 2022, picking up by 1.7% against the previous year. Over the period under review, the import price, however, saw a noticeable slump. The pace of growth was the most pronounced in 2014 when the average import price increased by 43%. As a result, import price reached the peak level of $5.3 per unit. From 2015 to 2022, the average 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 the Czech Republic ($9 per unit), while the price for Russia ($0.7 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (-0.3%), while the prices for the other major suppliers experienced a decline.

Seals; Mechanical Price in Bulgaria (FOB) - 2022

The average seals; mechanical export price stood at $2.6 per unit in 2022, picking up by 2.6% against the previous year. In general, the export price, however, showed a pronounced decline. The most prominent rate of growth was recorded in 2018 an increase of 53% against the previous year. The export price peaked at $3.7 per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

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 Kazakhstan ($8.3 per unit), while the average price for exports to Serbia ($1 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 Poland (+1.3%), while the prices for the other major destinations experienced a decline.

Seals; Mechanical Imports in Bulgaria

After three years of growth, overseas purchases of seals; mechanicals decreased by -25.5% to 1M units in 2022. Over the period under review, total imports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +5.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 34% against the previous year. As a result, imports reached the peak of 1.4M units, and then fell markedly in the following year.

In value terms, seals; mechanical imports plummeted to $3.5M in 2022. In general, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +5.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +18.6% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 47%. As a result, imports reached the peak of $4.6M, and then shrank dramatically in the following year.

Top Suppliers of Seals; Mechanical to Bulgaria in 2022:

1. Germany (570.5K units)
2. Romania (121.7K units)
3. Italy (94.1K units)
4. Netherlands (68.2K units)
5. China (48.3K units)
6. Czech Republic (29.2K units)
7. France (23.4K units)

Seals; Mechanical Exports in Bulgaria

In 2022, shipments abroad of seals; mechanicals decreased by -31.8% to 148K units for the first time since 2018, thus ending a three-year rising trend. Over the period under review, total exports indicated a slight increase from 2019 to 2022: its volume increased at an average annual rate of +1.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 37% against the previous year. Over the period under review, the exports reached the maximum at 217K units in 2021, and then declined significantly in the following year.

In value terms, seals; mechanical exports shrank notably to $384K in 2022. Overall, exports recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 26%. As a result, the exports attained the peak of $549K, and then fell notably in the following year.

Top Export Markets for Seals; Mechanical from Bulgaria in 2022:

1. Serbia (64.7K units)
2. Romania (26.8K units)
3. Poland (13.3K units)
4. Kazakhstan (9.1K units)
5. Belarus (7.3K units)
6. Turkey (5.6K units)
7. Italy (4.7K units)

Source: IndexBox Market Intelligence Platform