Bulgaria: Off-Highway Dumper Market 2024

Off-Highway Dumper Market Size in Bulgaria

The Bulgarian off-highway dumper market dropped significantly to $X in 2021, waning by -33.9% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, continues to indicate a slight increase. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market remained at a somewhat lower figure.

Off-Highway Dumper Exports

Exports from Bulgaria

Off-highway dumper exports from Bulgaria surged to X units in 2021, rising by 52% compared with 2020. Over the period under review, exports recorded a perceptible expansion. The growth pace was the most rapid in 2019 when exports increased by 310%. As a result, the exports reached the peak of X units. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, off-highway dumper exports surged to $X in 2021. In general, exports showed a prominent increase. The pace of growth was the most pronounced in 2017 with an increase of 399% against the previous year. The exports peaked in 2021 and are likely to continue growth in years to come.

Exports by Country

The Netherlands (X units) was the main destination for off-highway dumper exports from Bulgaria, with a 69% share of total exports. Moreover, off-highway dumper exports to the Netherlands exceeded the volume sent to the second major destination, Slovenia (X units), fourfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to the Netherlands stood at +24.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovenia (0.0% per year) and Belgium (-2.3% per year).

In value terms, the largest markets for off-highway dumper exported from Bulgaria were Slovenia ($X), the Netherlands ($X) and Belgium ($X).

The Netherlands, with a CAGR of +32.7%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average off-highway dumper export price stood at $X per unit in 2021, with an increase of 69% against the previous year. Overall, the export price showed a buoyant increase. The pace of growth was the most pronounced in 2020 when the average export price increased by 112%. Over the period under review, the average export prices reached the peak figure in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belgium ($X per unit), while the average price for exports to the Netherlands ($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 Romania (+24.7%), while the prices for the other major destinations experienced more modest paces of growth.

Off-Highway Dumper Imports

Imports into Bulgaria

In 2021, off-highway dumper imports into Bulgaria dropped significantly to X units, which is down by -34.7% against 2020. Over the period under review, imports, however, recorded a mild increase. The most prominent rate of growth was recorded in 2018 when imports increased by 343% against the previous year. As a result, imports reached the peak of X units. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, off-highway dumper imports contracted notably to $X in 2021. In general, imports, however, saw moderate growth. The pace of growth was the most pronounced in 2018 with an increase of 422% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports remained at a lower figure.

Imports by Country

Belarus (X units), France (X units) and the Netherlands (X units) were the main suppliers of off-highway dumper imports to Bulgaria, with a combined 53% share of total imports. Germany, Denmark, the UK, China, Austria, Poland, Turkey, Belgium, Finland and Italy lagged somewhat behind, together comprising a further 44%.

From 2012 to 2021, the biggest increases were recorded for Turkey (with a CAGR of +269.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), France ($X) and Belarus ($X) were the largest off-highway dumper suppliers to Bulgaria, with a combined 62% share of total imports. These countries were followed by Germany, China, Finland, the UK, Poland, Turkey, Denmark, Austria, Italy and Belgium, which together accounted for a further 36%.

Turkey, with a CAGR of +259.5%, 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

The average off-highway dumper import price stood at $X per unit in 2021, with an increase of 21% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.6%. The pace of growth was the most pronounced in 2015 an increase of 24% against the previous year. The import price peaked in 2021 and is expected to retain growth in years to come.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+13.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :