Price for Machinery; Parts of the Machinery of Heading No. 8427 in Bulgaria - 2023

Contents:

1. Price for Machinery; Parts of the Machinery of Heading No. 8427 in Bulgaria (FOB) - 2023
2. Price for Machinery; Parts of the Machinery of Heading No. 8427 in Bulgaria (CIF) - 2022
3. Exports of Machinery; Parts of the Machinery of Heading No. 8427 in Bulgaria
4. Imports of Machinery; Parts of the Machinery of Heading No. 8427 in Bulgaria

Price for Machinery; Parts of the Machinery of Heading No. 8427 in Bulgaria (FOB) - 2023

The average export price for machinery; parts of the machinery of heading no. 8427 stood at $17,538 per ton in October 2023, jumping by 197% against the previous month. In general, the export price continues to indicate a strong expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In October 2023, the country with the highest price was Kyrgyzstan ($20,753 per ton), while the average price for exports to Serbia ($5,476 per ton) was amongst the lowest.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Serbia (+6.0%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Machinery; Parts of the Machinery of Heading No. 8427 in Bulgaria (CIF) - 2022

The average import price for machinery; parts of the machinery of heading no. 8427 stood at $11,078 per ton in 2022, increasing by 19% against the previous year. Over the last decade, it increased at an average annual rate of +3.5%. The pace of growth appeared the most rapid in 2014 when the average import price increased by 31% against the previous year. As a result, import price attained the peak level of $11,906 per ton. From 2015 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($21,867 per ton), while the price for Russia ($2,542 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+9.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Machinery; Parts of the Machinery of Heading No. 8427 in Bulgaria

In 2022, exports of machinery; parts of the machinery of heading no. 8427 from Bulgaria shrank to 5K tons, declining by -13.6% on 2021 figures. Overall, exports showed a deep setback. The pace of growth was the most pronounced in 2021 with an increase of 27% against the previous year.

In value terms, exports of machinery; parts of the machinery of heading no. 8427 fell modestly to $31M in 2022. In general, exports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 40% against the previous year. As a result, the exports reached the peak of $32M, and then shrank modestly in the following year.

Top Export Markets for Machinery; Parts of the Machinery of Heading No. 8427 from Bulgaria in 2022:

1. Germany (1875.6 tons)
2. Italy (1192.2 tons)
3. United States (492.8 tons)
4. Hungary (312.6 tons)
5. Austria (280.4 tons)
6. Belgium (187.9 tons)
7. Romania (110.3 tons)
8. Russia (28.2 tons)
9. South Korea (11.4 tons)

Imports of Machinery; Parts of the Machinery of Heading No. 8427 in Bulgaria

In 2022, imports of machinery; parts of the machinery of heading no. 8427 into Bulgaria declined to 916 tons, which is down by -10.1% compared with the previous year's figure. Over the period under review, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 28%. As a result, imports reached the peak of 1K tons, and then declined in the following year.

In value terms, imports of machinery; parts of the machinery of heading no. 8427 expanded sharply to $10M in 2022. Overall, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +8.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +51.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 42% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Top Suppliers of Machinery; Parts of the Machinery of Heading No. 8427 to Bulgaria in 2022:

1. China (257.8 tons)
2. Belgium (141.5 tons)
3. France (114.7 tons)
4. Germany (93.2 tons)
5. Sweden (43.0 tons)
6. Czech Republic (40.2 tons)
7. Italy (38.7 tons)
8. Netherlands (35.9 tons)
9. Romania (30.5 tons)
10. Russia (22.8 tons)
11. Austria (19.1 tons)
12. Poland (16.7 tons)
13. United States (10.7 tons)

Source: IndexBox Market Intelligence Platform