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Bulgaria - Clutches - Market Analysis, Forecast, Size, Trends and Insights
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View PricingBulgaria: Clutch Market 2024
Clutch Market Size in Bulgaria
In 2022, the Bulgarian clutch market increased by 8.7% to $X, rising for the third consecutive year after two years of decline. Over the period under review, the total consumption indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +8.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +52.4% against 2019 indices. Clutch consumption peaked in 2022 and is expected to retain growth in the near future.
Clutch Exports
Exports from Bulgaria
In 2022, the amount of clutches exported from Bulgaria skyrocketed to X tons, growing by 41% against the year before. In general, exports showed prominent growth. The most prominent rate of growth was recorded in 2013 when exports increased by 148%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.
In value terms, clutch exports skyrocketed to $X in 2022. Over the period under review, exports enjoyed a resilient increase. The most prominent rate of growth was recorded in 2013 with an increase of 109% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the near future.
Exports by Country
Serbia (X tons) was the main destination for clutch exports from Bulgaria, accounting for a 34% share of total exports. Moreover, clutch exports to Serbia exceeded the volume sent to the second major destination, Greece (X tons), threefold. The third position in this ranking was held by Iran (X tons), with an 11% share.
From 2012 to 2022, the average annual rate of growth in terms of volume to Serbia totaled +20.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Greece (+38.6% per year) and Iran (+48.4% per year).
In value terms, Serbia ($X) remains the key foreign market for clutches exports from Bulgaria, comprising 34% of total exports. The second position in the ranking was taken by Iran ($X), with a 12% share of total exports. It was followed by Greece, with an 11% share.
From 2012 to 2022, the average annual rate of growth in terms of value to Serbia totaled +20.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iran (+58.2% per year) and Greece (+33.7% per year).
Export Prices by Country
The average clutch export price stood at $X per ton in 2022, therefore, remained relatively stable against the previous year. Over the last decade, it increased at an average annual rate of +2.5%. The most prominent rate of growth was recorded in 2014 when the average export price increased by 48%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in years to come.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Turkey ($X per ton), while the average price for exports to the United Arab Emirates ($X 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 Albania (+11.9%), while the prices for the other major destinations experienced more modest paces of growth.
Clutch Imports
Imports into Bulgaria
In 2022, supplies from abroad of clutches increased by 19% to X tons, rising for the third consecutive year after two years of decline. Overall, total imports indicated a resilient increase from 2012 to 2022: its volume increased at an average annual rate of +9.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +59.8% against 2019 indices. The growth pace was the most rapid in 2013 when imports increased by 37% against the previous year. Imports peaked in 2022 and are likely to continue growth in years to come.
In value terms, clutch imports surged to $X in 2022. In general, imports saw a strong expansion. The growth pace was the most rapid in 2013 with an increase of 29%. Over the period under review, imports reached the peak figure in 2022 and are likely to see steady growth in the immediate term.
Imports by Country
In 2022, Germany (X tons) constituted the largest supplier of clutch to Bulgaria, with a 58% share of total imports. Moreover, clutch imports from Germany exceeded the figures recorded by the second-largest supplier, Poland (X tons), fourfold. Romania (X tons) ranked third in terms of total imports with a 7.3% share.
From 2012 to 2022, the average annual rate of growth in terms of volume from Germany amounted to +15.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+32.2% per year) and Romania (+21.2% per year).
In value terms, Germany ($X) constituted the largest supplier of clutches to Bulgaria, comprising 59% of total imports. The second position in the ranking was taken by Poland ($X), with a 16% share of total imports. It was followed by Romania, with a 7.5% share.
From 2012 to 2022, the average annual rate of growth in terms of value from Germany totaled +13.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+36.8% per year) and Romania (+22.8% per year).
Import Prices by Country
In 2022, the average clutch import price amounted to $X per ton, shrinking by -3.6% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 an increase of 11%. Over the period under review, average import prices attained the peak figure at $X per ton in 2021, and then contracted in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Romania ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+3.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Source: IndexBox Platform
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the clutch 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 29323065 - Clutches and parts thereof
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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