Bulgaria: Cylindrical Roller Bearing Market 2024

Cylindrical Roller Bearing Market Size in Bulgaria

After three years of decline, the Bulgarian cylindrical roller bearing market increased by X% to $X in 2023. Overall, consumption recorded a strong increase. Bulgaria consumption peaked at $X in 2019; however, from 2020 to 2023, consumption remained at a lower figure.

Cylindrical Roller Bearing Exports

Exports from Bulgaria

In 2023, approx. X tons of cylindrical roller bearings were exported from Bulgaria; growing by X% compared with the previous year. Over the period under review, exports showed a measured increase. The pace of growth appeared the most rapid in 2021 with an increase of X%. As a result, the exports reached the peak of X tons. From 2022 to 2023, the growth of the exports remained at a somewhat lower figure.

In value terms, cylindrical roller bearing exports surged to $X in 2023. Overall, exports showed prominent growth. The most prominent rate of growth was recorded in 2014 when exports increased by X%. As a result, the exports attained the peak of $X. From 2015 to 2023, the growth of the exports remained at a lower figure.

Exports by Country

China (X tons) and Germany (X tons) represented the major exporters of cylindrical roller bearings in 2023, recording approx. X% and X% of total exports, respectively. Kazakhstan (X tons) took an X% share (based on physical terms) of total exports, which put it in second place, followed by Japan (X%), Romania (X%) and Slovakia (X%). The following exporters - Taiwan (Chinese) (X tons), Hong Kong SAR (X tons), Poland (X tons), Canada (X tons), France (X tons), the Netherlands (X tons) and Italy (X tons) - together made up X% of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Taiwan (Chinese) (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the largest cylindrical roller bearing supplier from Bulgaria, comprising X% of global exports. The second position in the ranking was held by Japan ($X), with a X% share of global exports. It was followed by China, with an X% share.

In Germany, cylindrical roller bearing exports expanded at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Japan (X% per year) and China (X% per year).

Export Prices by Country

In 2023, the export price in Bulgaria amounted to $X per ton, increasing by X% against the previous year. Overall, the export price recorded a resilient increase. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2015 to 2023, the export prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was France ($X per ton), while Kazakhstan ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by France (X%), while the other leaders experienced more modest paces of growth.

Cylindrical Roller Bearing Imports

Imports into Bulgaria

In 2023, the amount of cylindrical roller bearings imported into Bulgaria soared to X tons, jumping by X% against 2022 figures. Over the period under review, imports showed a prominent expansion. The most prominent rate of growth was recorded in 2015 with an increase of X%. Bulgaria imports peaked at X tons in 2019; however, from 2020 to 2023, imports stood at a somewhat lower figure.

In value terms, cylindrical roller bearing imports surged to $X in 2023. Overall, imports showed a remarkable increase. The most prominent rate of growth was recorded in 2018 with an increase of X%. Bulgaria imports peaked at $X in 2019; however, from 2020 to 2023, imports remained at a lower figure.

Imports by Country

The countries with the highest levels of cylindrical roller bearing imports in 2023 were China (X tons), Germany (X tons) and Russia (X tons), together recording X% of total import. The following importers - Italy (X tons), the United States (X tons), Mexico (X tons), Spain (X tons), South Korea (X tons), Thailand (X tons), Turkey (X tons), Belgium (X tons), Canada (X tons) and the Czech Republic (X tons) - together made up X% of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Thailand (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest cylindrical roller bearing importing markets into Bulgaria were China ($X), Germany ($X) and the United States ($X), with a combined X% share of total imports. Italy, Mexico, Russia, South Korea, Spain, Canada, Belgium, Turkey, the Czech Republic and Thailand lagged somewhat behind, together accounting for a further X%.

Spain, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Bulgaria stood at $X per ton in 2023, reducing by X% against the previous year. In general, the import price recorded a slight curtailment. The growth pace was the most rapid in 2022 when the import price increased by X% against the previous year. Over the period under review, import prices attained the maximum at $X per ton in 2013; however, from 2014 to 2023, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the United States ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the United States (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform