Bulgaria: Concrete Pump Market 2024

Concrete Pump Market Size in Bulgaria

The Bulgarian concrete pump market reduced sharply to $X in 2021, with a decrease of -39.3% against the previous year. In general, consumption, however, recorded a mild expansion. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the market failed to regain momentum.

Concrete Pump Production in Bulgaria

In value terms, concrete pump production reached $X in 2021 estimated in export price. Overall, production saw a noticeable decline. The pace of growth was the most pronounced in 2017 with an increase of 16% against the previous year. Over the period under review, production attained the maximum level at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

Concrete Pump Exports

Exports from Bulgaria

In 2021, the amount of concrete pumps exported from Bulgaria soared to X units, with an increase of 80% compared with the year before. In general, exports showed a moderate expansion. The growth pace was the most rapid in 2017 when exports increased by 700% against the previous year. The exports peaked at X units in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, concrete pump exports skyrocketed to $X in 2021. Overall, exports, however, recorded a noticeable setback. The pace of growth appeared the most rapid in 2017 when exports increased by 1,084%. Over the period under review, the exports reached the peak figure at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

Switzerland (X units) was the main destination for concrete pump exports from Bulgaria, with a 56% share of total exports. Moreover, concrete pump exports to Switzerland exceeded the volume sent to the second major destination, Georgia (X units), threefold. Romania (X units) ranked third in terms of total exports with an 11% share.

From 2012 to 2021, the average annual growth rate of volume to Switzerland amounted to -3.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Georgia (+13.0% per year) and Romania (-7.4% per year).

In value terms, Romania ($X) emerged as the key foreign market for concrete pumps exports from Bulgaria, comprising 70% of total exports. The second position in the ranking was held by Saudi Arabia ($X), with a 19% share of total exports. It was followed by Switzerland, with a 5% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Romania amounted to +3.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (0.0% per year) and Switzerland (+14.8% per year).

Export Prices by Country

The average concrete pump export price stood at $X per unit in 2021, declining by -8.6% against the previous year. Overall, the export price continues to indicate a abrupt descent. The pace of growth appeared the most rapid in 2017 when the average export price increased by 48%. Over the period under review, the average export prices hit record highs at $X per unit in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Romania ($X per unit), while the average price for exports to Georgia ($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 Poland (+91.2%), while the prices for the other major destinations experienced mixed trend patterns.

Concrete Pump Imports

Imports into Bulgaria

In 2021, overseas purchases of concrete pumps decreased by -5.3% to X units, falling for the second year in a row after four years of growth. Over the period under review, imports, however, saw a strong increase. The pace of growth appeared the most rapid in 2017 with an increase of 78% against the previous year. Imports peaked at X units in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, concrete pump imports declined rapidly to $X in 2021. Overall, imports, however, enjoyed a buoyant expansion. The pace of growth was the most pronounced in 2018 when imports increased by 255%. Over the period under review, imports reached the maximum at $X in 2020, and then reduced remarkably in the following year.

Imports by Country

In 2021, Germany (X units) was the main concrete pump supplier to Bulgaria, accounting for a approx. 100% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany totaled +51.1%.

In value terms, the largest concrete pump suppliers to Bulgaria were Germany ($X), Romania ($X) and China ($X), together comprising 94% of total imports.

Romania, with a CAGR of +34.6%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average concrete pump import price amounted to $X per unit, waning by -46.5% against the previous year. In general, the import price, however, recorded a buoyant expansion. The growth pace was the most rapid in 2020 an increase of 351% against the previous year. The import price peaked at $X per unit in 2015; however, from 2016 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Romania ($X per unit), while the price for Germany ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Romania (+158.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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