Bulgaria: Concrete Mixer Market 2024

Concrete Mixer Market Size in Bulgaria

After four years of growth, the Bulgarian concrete mixer market decreased by -11.1% to $X in 2021. Over the period under review, consumption, however, saw a relatively flat trend pattern. Concrete mixer consumption peaked at $X in 2020, and then reduced in the following year.

Concrete Mixer Production in Bulgaria

In value terms, concrete mixer production soared to $X in 2021 estimated in export price. In general, production showed a significant increase. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Concrete Mixer Exports

Exports from Bulgaria

After two years of decline, overseas shipments of concrete or mortar mixers increased by 515% to X units in 2021. In general, exports saw a temperate expansion. The exports peaked at X units in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

In value terms, concrete mixer exports soared to $X in 2021. Over the period under review, exports showed a measured expansion. The most prominent rate of growth was recorded in 2018 with an increase of 426% against the previous year. Over the period under review, the exports reached the peak figure in 2021 and are likely to see gradual growth in years to come.

Exports by Country

Germany (X units) was the main destination for concrete mixer exports from Bulgaria, with a 43% share of total exports. Moreover, concrete mixer exports to Germany exceeded the volume sent to the second major destination, Kosovo (X units), twofold. The third position in this ranking was held by Romania (X units), with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany amounted to +35.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kosovo (+62,250.0% per year) and Romania (-10.6% per year).

In value terms, Germany ($X) remains the key foreign market for concrete or mortar mixers exports from Bulgaria, comprising 53% of total exports. The second position in the ranking was taken by Romania ($X), with a 14% share of total exports. It was followed by Kosovo, with a 9.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany amounted to +35.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (-11.6% per year) and Kosovo (+27,226.8% per year).

Export Prices by Country

The average concrete mixer export price stood at $X per unit in 2021, with a decrease of -38.8% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 269%. As a result, the export price reached the peak level of $X per unit, and then shrank markedly in the following year.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Germany ($X per unit), while the average price for exports to Bosnia and Herzegovina ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Czech Republic (+129.5%), while the prices for the other major destinations experienced mixed trend patterns.

Concrete Mixer Imports

Imports into Bulgaria

In 2021, after six years of growth, there was significant decline in supplies from abroad of concrete or mortar mixers, when their volume decreased by -10.8% to X units. In general, imports, however, saw resilient growth. The most prominent rate of growth was recorded in 2017 with an increase of 57%. Over the period under review, imports hit record highs at X units in 2020, and then shrank in the following year.

In value terms, concrete mixer imports rose markedly to $X in 2021. Over the period under review, imports, however, posted a resilient expansion. The growth pace was the most rapid in 2017 when imports increased by 102% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in years to come.

Imports by Country

Turkey (X units), China (X units) and Romania (X units) were the main suppliers of concrete mixer imports to Bulgaria, with a combined 74% share of total imports. Germany, Russia, Italy, Croatia and Serbia lagged somewhat behind, together accounting for a further 24%.

From 2012 to 2021, the biggest increases were recorded for Russia (with a CAGR of +134.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X) constituted the largest supplier of concrete or mortar mixers to Bulgaria, comprising 39% of total imports. The second position in the ranking was held by Germany ($X), with an 18% share of total imports. It was followed by Romania, with a 15% share.

From 2012 to 2021, the average annual growth rate of value from Turkey totaled +26.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+12.4% per year) and Romania (+3.7% per year).

Import Prices by Country

The average concrete mixer import price stood at $X per unit in 2021, with an increase of 22% against the previous year. In general, the import price, however, continues to indicate a mild reduction. The pace of growth appeared the most rapid in 2017 when the average import price increased by 29% against the previous year. The import price peaked at $X per unit in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Italy ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Croatia (+10.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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