Price for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Bulgaria - 2023

Contents:

1. Price for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Bulgaria (FOB) - 2023
2. Price for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Bulgaria (CIF) - 2023
3. Exports of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Bulgaria
4. Imports of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Bulgaria

Price for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Bulgaria (FOB) - 2023

The average export price for refrigerating or freezing equipment; parts thereof, other than furniture stood at $45.6 per unit in November 2023, increasing by 1.7% against the previous month. Over the last twelve months, it increased at an average monthly rate of +2.2%. The most prominent rate of growth was recorded in August 2023 when the average export price increased by 23% month-to-month. The export price peaked in November 2023.

Prices varied noticeably by the country of destination: the country with the highest price was Austria ($48.1 per unit), while the average price for exports to Turkey ($30.9 per unit) was amongst the lowest.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+2.9%), while the prices for the other major destinations experienced mixed trend patterns.

Price for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Bulgaria (CIF) - 2023

The average import price for refrigerating or freezing equipment; parts thereof, other than furniture stood at $28.7 per unit in November 2023, remaining stable against the previous month. Overall, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in February 2023 an increase of 42% m-o-m. Over the period under review, average import prices reached the peak figure at $49.7 per unit in April 2023; however, from May 2023 to November 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was Italy ($61.3 per unit), while the price for Romania ($16.8 per unit) was amongst the lowest.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Italy (+4.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Bulgaria

For the fourth consecutive year, Bulgaria recorded growth in overseas shipments of refrigerating or freezing equipment; parts thereof, other than furniture, which increased by 3.4% to 1M units in 2022. The total export volume increased at an average annual rate of +5.5% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 6.9% against the previous year. Over the period under review, the exports of attained the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, exports of refrigerating or freezing equipment; parts thereof, other than furniture expanded to $34M in 2022. The total export value increased at an average annual rate of +7.9% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The pace of growth was the most pronounced in 2021 with an increase of 14%. Over the period under review, the exports of reached the maximum in 2022 and are expected to retain growth in the immediate term.

Top Export Markets for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture from Bulgaria in 2022:

1. Germany (898.8K units)
2. Austria (111.2K units)
3. Sudan (5.4K units)

Imports of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Bulgaria

In 2022, after three years of growth, there was decline in purchases abroad of refrigerating or freezing equipment; parts thereof, other than furniture, when their volume decreased by -0.3% to 1.4M units. The total import volume increased at an average annual rate of +3.9% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 7.5%. As a result, imports reached the peak of 1.4M units, leveling off in the following year.

In value terms, imports of refrigerating or freezing equipment; parts thereof, other than furniture soared to $33M in 2022. The total import value increased at an average annual rate of +11.5% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture to Bulgaria in 2022:

1. Poland (405.3K units)
2. Turkey (370.4K units)
3. Germany (217.8K units)
4. Romania (173.3K units)
5. Czech Republic (73.7K units)
6. Italy (58.8K units)
7. Hungary (32.1K units)

Source: IndexBox Market Intelligence Platform