Bulgaria: Market for Household Washing and Drying Machines 2024

Market Size for Household Washing and Drying Machines in Bulgaria

For the fifth year in a row, the Bulgarian washing and drying machine market recorded growth in sales value, which increased by X% to $X in 2022. In general, consumption saw resilient growth. Over the period under review, the market reached the maximum level in 2022 and is likely to see steady growth in years to come.

Exports of Household Washing and Drying Machines

Exports from Bulgaria

In 2022, shipments abroad of household washing and drying machines decreased by X% to X units, falling for the second consecutive year after three years of growth. In general, exports, however, enjoyed prominent growth. The pace of growth appeared the most rapid in 2020 when exports increased by X% against the previous year. As a result, the exports reached the peak of X units. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, washing and drying machine exports reduced dramatically to $X in 2022. Over the period under review, exports, however, saw resilient growth. The most prominent rate of growth was recorded in 2018 when exports increased by X%. Over the period under review, the exports attained the maximum at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

Greece (X units) was the main destination for washing and drying machine exports from Bulgaria, accounting for a X% share of total exports. Moreover, washing and drying machine exports to Greece exceeded the volume sent to the second major destination, Romania (X units), ninefold. Georgia (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Greece amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (X% per year) and Georgia (X% per year).

In value terms, Greece ($X) remains the key foreign market for household washing and drying machines exports from Bulgaria, comprising X% of total exports. The second position in the ranking was held by Romania ($X), with a X% share of total exports. It was followed by Georgia, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Greece totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (X% per year) and Georgia (X% per year).

Export Prices by Country

The average washing and drying machine export price stood at $X per unit in 2022, picking up by X% against the previous year. In general, the export price, however, recorded a pronounced downturn. The most prominent rate of growth was recorded in 2018 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per unit in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Romania ($X per unit) and Belgium ($X per unit), while the average price for exports to Italy ($X per unit) and Albania ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Romania (X%), while the prices for the other major destinations experienced more modest paces of growth.

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Imports of Household Washing and Drying Machines

Imports into Bulgaria

In 2022, the amount of household washing and drying machines imported into Bulgaria expanded modestly to X units, surging by X% compared with the previous year. Overall, imports enjoyed a strong expansion. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, washing and drying machine imports stood at $X in 2022. In general, imports continue to indicate a strong expansion. The growth pace was the most rapid in 2018 with an increase of X%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Romania (X units), Turkey (X units) and Hungary (X units) were the main suppliers of washing and drying machine imports to Bulgaria, together comprising X% of total imports. China, Italy, Poland, Germany and Slovenia lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Germany (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest washing and drying machine suppliers to Bulgaria were Romania ($X), Turkey ($X) and Hungary ($X), with a combined X% share of total imports. China, Italy, Germany, Poland and Slovenia lagged somewhat behind, together comprising a further X%.

Germany, with a CAGR of X%, saw the highest growth rate of 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

In 2022, the average washing and drying machine import price amounted to $X per unit, therefore, remained relatively stable against the previous year. Overall, the import price continues to indicate a perceptible slump. The most prominent rate of growth was recorded in 2021 when the average import price increased by X%. Over the period under review, average import prices attained the maximum at $X per unit in 2013; however, from 2014 to 2022, import prices remained at a 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 Germany ($X per unit), while the price for Turkey ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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