Price for Machinery; Parts of Machinery of Heading No. 8422 in Bulgaria - 2023

Contents:

1. Price for Machinery; Parts of Machinery of Heading No. 8422 in Bulgaria (FOB) - 2022
2. Price for Machinery; Parts of Machinery of Heading No. 8422 in Bulgaria (CIF) - 2022
3. Exports of Machinery; Parts of Machinery of Heading No. 8422 in Bulgaria
4. Imports of Machinery; Parts of Machinery of Heading No. 8422 in Bulgaria

Price for Machinery; Parts of Machinery of Heading No. 8422 in Bulgaria (FOB) - 2022

The average export price for machinery; parts of machinery of heading no. 8422 stood at $25,141 per ton in 2022, dropping by -7.6% against the previous year. Overall, the export price, however, saw measured growth. The most prominent rate of growth was recorded in 2018 an increase of 45% against the previous year. Over the period under review, the average export prices attained the peak figure at $31,535 per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($78,218 per ton), while the average price for exports to Poland ($8,886 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+17.3%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Machinery; Parts of Machinery of Heading No. 8422 in Bulgaria (CIF) - 2022

The average import price for machinery; parts of machinery of heading no. 8422 stood at $39,742 per ton in 2022, increasing by 30% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. Over the period under review, average import prices attained the peak figure at $50,610 per ton in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Sweden ($58,405 per ton), while the price for Austria ($13,924 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (+5.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Machinery; Parts of Machinery of Heading No. 8422 in Bulgaria

For the fourth year in a row, Bulgaria recorded growth in shipments abroad of machinery; parts of machinery of heading no. 8422, which increased by 7.4% to 1.4K tons in 2022. Overall, total exports indicated a significant expansion from 2019 to 2022: its volume increased at an average annual rate of +24.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +90.5% against 2019 indices. The pace of growth appeared the most rapid in 2020 with an increase of 49% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, exports of machinery; parts of machinery of heading no. 8422 contracted to $35M in 2022. In general, total exports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +14.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +51.9% against 2019 indices. The pace of growth appeared the most rapid in 2020 with an increase of 34% against the previous year.

Top Export Markets for Machinery; Parts of Machinery of Heading No. 8422 from Bulgaria in 2022:

1. Germany (523.3 tons)
2. Austria (504.5 tons)
3. Poland (207.8 tons)
4. Italy (59.1 tons)
5. United States (29.4 tons)

Imports of Machinery; Parts of Machinery of Heading No. 8422 in Bulgaria

In 2022, purchases abroad of machinery; parts of machinery of heading no. 8422 decreased by -8.2% to 384 tons, falling for the second year in a row after two years of growth. In general, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when imports increased by 15%. As a result, imports attained the peak of 430 tons. From 2021 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of machinery; parts of machinery of heading no. 8422 surged to $15M in 2022. The total import value increased at an average annual rate of +1.9% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Machinery; Parts of Machinery of Heading No. 8422 to Bulgaria in 2022:

1. Germany (112.9 tons)
2. Italy (88.2 tons)
3. Austria (52.3 tons)
4. Slovenia (29.6 tons)
5. Romania (24.1 tons)
6. Poland (15.0 tons)
7. Denmark (10.7 tons)
8. Turkey (9.7 tons)
9. Sweden (7.6 tons)
10. China (7.0 tons)
11. Greece (6.5 tons)

Source: IndexBox Market Intelligence Platform