Non-electric furnaces and ovens for the roasting or melting market in Bulgaria

Earlier Report Observations

Between 2018 and 2024, the Bulgarian market for non-electric industrial or laboratory furnaces and ovens experienced significant expansion in physical volume, driven primarily by surging imports. Import quantities rose from 53 units in 2018 to a peak of 5 570 units in 2023, before moderating to 1 942 units in 2024. This import wave fueled overall market growth, with the total market volume increasing from 318 units in 2020 to 5 605 units in 2023.

Domestic production remained modest, peaking at 56 units in 2022 before falling to 35 units in 2023. Exports were negligible until 2022 when they reached 85 units, followed by a significant increase to 116 units in 2024. The interplay between import flows and domestic output shaped the market's supply structure throughout the period.

In value terms, the market reached its highest point at 3 264 thousand US dollars in 2021, then contracted to 1 940 thousand US dollars in 2022. This contrast between volume growth and value fluctuation suggests shifts in product mix, average prices, or the types of furnaces being traded.

Production non-electric furnaces and ovens for the roasting or melting in Bulgaria

In value, 2017-2020, K $ US

In 2020, Bulgaria's production of non-electric furnaces and ovens for roasting or melting was valued at 699.2 thousand US dollars, showing minimal change from the previous year. Over the period from 2017 to 2020, production decreased by 7.3%, which translates to an average annual decline of 2.5%.

Annual dynamics of production in Bulgaria in value, 2017-2020, K $ US

In kind, 2017-2020, unit

In 2020, Bulgaria produced 39.00 units of non-electric furnaces and ovens for roasting or melting, remaining relatively stable compared to 2019. From 2017 to 2020, production increased by 56%, with a compound annual growth rate of 16.0%.

Annual dynamics of production in Bulgaria in kind, 2017-2020, unit

Exports non-electric furnaces and ovens for the roasting or melting from Bulgaria

Exports in kind, unit

The market showed an unstable trend during this period. Exports reached their lowest point in 2017 and peaked in 2020, with a 31-fold difference between these years. In 2020, Bulgaria exported 4.00 units of non-electric furnaces and ovens for roasting or melting, marking a sharp increase of 300.0% from 2019. The largest decline occurred in 2019 at 0.0%, while the largest increase was recorded in 2018 at 671.5%.

Annual dynamics of product's exports from Bulgaria in kind, 2017-2020, unit

From 2017 to 2020, Turkey and Australia were the dominant destinations for Bulgaria's exports of non-electric furnaces and ovens for roasting or melting in kind, together accounting for 100.0% of total export flows.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Bulgaria in kind, 2017-2020

Exports in value, K $ US

Market performance exhibited noticeable fluctuations during this period. The lowest value was recorded in 2017, while the highest occurred in 2020, with a peak-to-trough ratio of 43 times. In 2020, Bulgaria's exports of non-electric furnaces and ovens for roasting or melting totaled 122 thousand US dollars, representing an increase of 344.6% compared to the previous year. The largest decline was in 2019 at 25.2%, and the largest increase was in 2018 at 1 200.9%.

Annual dynamics of product's exports from Bulgaria in value, 2017-2020, K $ US

From 2017 to 2020, the structure of Bulgaria's exports in value terms was characterized by Turkey's dominance, which accounted for 81.0% of total flows, alongside numerous minor trading partners.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Bulgaria in value, 2017-2020

Imports non-electric furnaces and ovens for the roasting or melting to Bulgaria

Imports in kind, unit

The data indicates irregular changes, reflecting a volatile market environment. Imports hit their lowest point in 2018 and peaked in 2020, varying by a factor of 5.3 between these years. In 2020, Bulgaria imported 282.87 units of non-electric furnaces and ovens for roasting or melting, showing an uptick of 15.4% from the previous year. The minimum value was 53.42 units in 2018. The largest decline was recorded in 2018 at 2.1%, while the largest increase occurred in 2019 at 358.9%.

Annual dynamics of product's imports to Bulgaria in kind, 2017-2020, unit

Structure of product's imports in kind by countries, 2017-2020

Imports in value, K $ US

Imports of non-electric furnaces and ovens for roasting or melting into Bulgaria increased for the third consecutive year. In 2020, imports reached 2 527 thousand US dollars, up by 12.0% from the previous year. Between 2017 and 2020, imports grew by 343.4%, equivalent to an average annual rate of 64.3%.

Annual dynamics of product's imports to Bulgaria in value, 2017-2020, K $ US

From 2017 to 2020, Italy, Germany, and France were the main sources for Bulgaria's imports in value terms, accounting for 32.2%, 27.0%, and 12.6% of imports, respectively. Together, these three countries made up 71.8% of total import flows.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Bulgaria in value, 2017-2020