Price for Machines; Parts and Accessories, of Heading No. 8472 in Bulgaria - 2023

Contents:

1. Price for Machines; Parts and Accessories, of Heading No. 8472 in Bulgaria (CIF) - 2022
2. Price for Machines; Parts and Accessories, of Heading No. 8472 in Bulgaria (FOB) - 2022
3. Imports of Machines; Parts and Accessories, of Heading No. 8472 in Bulgaria
4. Exports of Machines; Parts and Accessories, of Heading No. 8472 in Bulgaria

Price for Machines; Parts and Accessories, of Heading No. 8472 in Bulgaria (CIF) - 2022

The average import price for machines; parts and accessories, of heading no. 8472 stood at $57,539 per ton in 2022, waning by -3.3% against the previous year. Overall, the import price continues to indicate a pronounced slump. The pace of growth appeared the most rapid in 2019 an increase of 82% against the previous year. Over the period under review, average import prices hit record highs at $77,716 per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat 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 UK ($158,377 per ton), while the price for Ireland ($9,228 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+2.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Machines; Parts and Accessories, of Heading No. 8472 in Bulgaria (FOB) - 2022

The average export price for machines; parts and accessories, of heading no. 8472 stood at $57,777 per ton in 2022, growing by 16% against the previous year. Over the period under review, the export price showed a resilient increase. The most prominent rate of growth was recorded in 2017 when the average export price increased by 484% against the previous year. The export price peaked at $172,790 per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

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 the UK ($495,500 per ton), while the average price for exports to Georgia ($20,303 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 (+45.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machines; Parts and Accessories, of Heading No. 8472 in Bulgaria

In 2022, imports of machines; parts and accessories, of heading no. 8472 into Bulgaria fell significantly to 20 tons, which is down by -34.9% on the previous year's figure. In general, imports continue to indicate a mild slump. The growth pace was the most rapid in 2021 with an increase of 115%. As a result, imports reached the peak of 30 tons, and then declined markedly in the following year.

In value terms, imports of machines; parts and accessories, of heading no. 8472 declined sharply to $1.1M in 2022. Overall, imports showed a abrupt downturn. The most prominent rate of growth was recorded in 2021 with an increase of 65% against the previous year. As a result, imports attained the peak of $1.8M, and then shrank rapidly in the following year.

Top Suppliers of Machines; Parts and Accessories, of Heading No. 8472 to Bulgaria in 2022:

1. Ireland (4.5 tons)
2. Germany (4.2 tons)
3. Greece (2.7 tons)
4. Netherlands (1.9 tons)
5. Hungary (1.6 tons)
6. Belgium (1.2 tons)
7. United Kingdom (1.0 tons)
8. Ukraine (0.8 tons)
9. Poland (0.1 tons)

Exports of Machines; Parts and Accessories, of Heading No. 8472 in Bulgaria

In 2022, exports of machines; parts and accessories, of heading no. 8472 from Bulgaria fell notably to 6.6 tons, with a decrease of -36.7% against the year before. In general, exports, however, showed temperate growth. The pace of growth was the most pronounced in 2021 when exports increased by 130%. As a result, the exports reached the peak of 10 tons, and then plummeted in the following year.

In value terms, exports of machines; parts and accessories, of heading no. 8472 dropped notably to $380K in 2022. Overall, exports saw a deep reduction. The most prominent rate of growth was recorded in 2020 when exports increased by 17%. As a result, the exports attained the peak of $672K. From 2021 to 2022, the growth of the exports of failed to regain momentum.

Top Export Markets for Machines; Parts and Accessories, of Heading No. 8472 from Bulgaria in 2022:

1. Georgia (2614.0 kg)
2. Denmark (1987.0 kg)
3. Germany (1035.0 kg)
4. Armenia (500.0 kg)
5. United States (306.0 kg)
6. Greece (68.0 kg)
7. Romania (56.0 kg)

Source: IndexBox Market Intelligence Platform