Bulgaria: Concrete-Mixer Lorry Market 2024

Concrete-Mixer Lorry Market Size in Bulgaria

The Bulgarian concrete-mixer lorry market rose notably to $X in 2022, with an increase of 7.3% against the previous year. The market value increased at an average annual rate of +2.3% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

Concrete-Mixer Lorry Production in Bulgaria

In value terms, concrete-mixer lorry production fell modestly to $X in 2022 estimated in export price. Overall, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 2.7% against the previous year. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Concrete-Mixer Lorry Exports

Exports from Bulgaria

In 2022, the amount of concrete-mixer lorries exported from Bulgaria dropped dramatically to X units, falling by -25.7% compared with the previous year. Overall, exports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 517%. As a result, the exports attained the peak of X units, and then fell rapidly in the following year.

In value terms, concrete-mixer lorry exports declined markedly to $X in 2022. In general, exports saw a deep reduction. The most prominent rate of growth was recorded in 2021 when exports increased by 477%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Serbia (X units) was the main destination for concrete-mixer lorry exports from Bulgaria, accounting for a 58% share of total exports. Moreover, concrete-mixer lorry exports to Serbia exceeded the volume sent to the second major destination, Georgia (X units), fourfold. The third position in this ranking was held by North Macedonia (X units), with a 5.5% share.

From 2012 to 2022, the average annual growth rate of volume to Serbia amounted to +20.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Georgia (+4.1% per year) and North Macedonia (-2.8% per year).

In value terms, Serbia ($X) emerged as the key foreign market for concrete-mixer lorries exports from Bulgaria, comprising 37% of total exports. The second position in the ranking was taken by Georgia ($X), with a 16% share of total exports. It was followed by Germany, with a 12% share.

From 2012 to 2022, the average annual growth rate of value to Serbia amounted to +4.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Georgia (+3.6% per year) and Germany (+2.7% per year).

Export Prices by Country

The average concrete-mixer lorry export price stood at $X per unit in 2022, falling by -30.9% against the previous year. Overall, the export price showed a abrupt decline. The most prominent rate of growth was recorded in 2018 when the average export price increased by 194% 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 failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to Armenia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ukraine (+7.6%), while the prices for the other major destinations experienced more modest paces of growth.

Concrete-Mixer Lorry Imports

Imports into Bulgaria

In 2022, the amount of concrete-mixer lorries imported into Bulgaria declined to X units, which is down by -11.8% compared with 2021. In general, imports, however, saw a strong expansion. The pace of growth was the most pronounced in 2018 when imports increased by 130% against the previous year. Imports peaked at X units in 2021, and then reduced in the following year.

In value terms, concrete-mixer lorry imports fell significantly to $X in 2022. Over the period under review, imports, however, enjoyed prominent growth. The most prominent rate of growth was recorded in 2018 when imports increased by 257% against the previous year. Over the period under review, imports reached the peak figure at $X in 2021, and then reduced remarkably in the following year.

Imports by Country

Germany (X units), France (X units) and Poland (X units) were the main suppliers of concrete-mixer lorry imports to Bulgaria, with a combined 62% share of total imports. Turkey, Switzerland, Sweden and Italy lagged somewhat behind, together comprising a further 28%.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of +56.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Turkey ($X) and Poland ($X) appeared to be the largest concrete-mixer lorry suppliers to Bulgaria, with a combined 65% share of total imports.

Turkey, with a CAGR of +73.7%, 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 concrete-mixer lorry import price amounted to $X per unit, waning by -30.5% against the previous year. Overall, the import price, however, saw a noticeable expansion. The pace of growth appeared the most rapid in 2018 an increase of 55%. The import price peaked at $X per unit in 2021, and then dropped dramatically in the following year.

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 Sweden ($X per unit), while the price for France ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+11.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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