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Bulgaria - Base Metal Furniture Locks - Market Analysis, Forecast, Size, Trends and Insights
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View PricingBulgaria: Metal Furniture Lock Market 2024
Metal Furniture Lock Market Size in Bulgaria
The Bulgarian metal furniture lock market reduced rapidly to $X in 2023, falling by X% against the previous year. In general, consumption saw a deep downturn. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2023, consumption remained at a lower figure.
Metal Furniture Lock Production in Bulgaria
In value terms, metal furniture lock production contracted modestly to $X in 2023 estimated in export price. Overall, production showed a drastic downturn. The growth pace was the most rapid in 2022 with an increase of X%. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2023, production failed to regain momentum.
Metal Furniture Lock Exports
Exports from Bulgaria
In 2023, overseas shipments of base metal furniture locks were finally on the rise to reach X kg for the first time since 2020, thus ending a two-year declining trend. Overall, exports showed a prominent increase. The pace of growth appeared the most rapid in 2013 with an increase of X%. Over the period under review, the exports reached the peak figure at X tons in 2020; however, from 2021 to 2023, the exports stood at a somewhat lower figure.
In value terms, metal furniture lock exports surged to $X in 2023. In general, exports posted a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2020; however, from 2021 to 2023, the exports failed to regain momentum.
Exports by Country
Iran (X kg) was the main destination for metal furniture lock exports from Bulgaria, accounting for a X% share of total exports. Moreover, metal furniture lock exports to Iran exceeded the volume sent to the second major destination, Romania (X kg), eightfold. Brazil (X kg) ranked third in terms of total exports with a X% share.
From 2012 to 2023, the average annual growth rate of volume to Iran was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (X% per year) and Brazil (X% per year).
In value terms, the largest markets for metal furniture lock exported from Bulgaria were Iran ($X), Thailand ($X) and Brazil ($X), with a combined X% share of total exports. Hong Kong SAR, France, Peru, Taiwan (Chinese), North Macedonia, Kuwait, Romania, the United Arab Emirates, Malta and Switzerland lagged somewhat behind, together comprising a further X%.
North Macedonia, with a CAGR of X%, recorded the highest rates of growth with regard to 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 metal furniture lock export price stood at $X per ton in 2023, with an increase of X% against the previous year. Over the period under review, the export price enjoyed a prominent increase. The most prominent rate of growth was recorded in 2014 an increase of X%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2023, the average export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In 2023, amid the top suppliers, the country with the highest price was Thailand ($X per ton), while the average price for exports to Switzerland ($X per ton) was amongst the lowest.
From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to North Macedonia (X%), while the prices for the other major destinations experienced more modest paces of growth.
Metal Furniture Lock Imports
Imports into Bulgaria
Metal furniture lock imports into Bulgaria contracted sharply to X tons in 2023, declining by X% compared with the year before. Overall, imports recorded a slight descent. The pace of growth was the most pronounced in 2013 with an increase of X%. Over the period under review, imports attained the peak figure at X tons in 2014; however, from 2015 to 2023, imports failed to regain momentum.
In value terms, metal furniture lock imports shrank sharply to $X in 2023. Over the period under review, imports, however, enjoyed a prominent increase. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, imports hit record highs at $X in 2021; however, from 2022 to 2023, imports remained at a lower figure.
Imports by Country
In 2023, China (X tons) constituted the largest metal furniture lock supplier to Bulgaria, with a X% share of total imports. Moreover, metal furniture lock imports from China exceeded the figures recorded by the second-largest supplier, Italy (X tons), twofold. The third position in this ranking was held by Turkey (X tons), with a X% share.
From 2012 to 2023, the average annual growth rate of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X% per year) and Turkey (X% per year).
In value terms, Italy ($X), China ($X) and Germany ($X) appeared to be the largest metal furniture lock suppliers to Bulgaria, together comprising X% of total imports. Greece, Belarus, Turkey, Croatia, Russia and Romania lagged somewhat behind, together accounting for a further X%.
Belarus, with a CAGR of X%, saw 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 more modest paces of growth.
Import Prices by Country
The average metal furniture lock import price stood at $X per ton in 2023, surging by X% against the previous year. Overall, the import price enjoyed prominent growth. The most prominent rate of growth was recorded in 2016 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2021; however, from 2022 to 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.
From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Belarus (X%), while the prices for the other major suppliers experienced more modest paces of growth.
Source: IndexBox Platform
This report provides an in-depth analysis of the metal furniture lock market in Bulgaria. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 25721170 - Base metal furniture locks
Country coverage:
- Bulgaria
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Bulgaria
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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