Bulgaria: Lawn Mower Market 2024

Lawn Mower Market Size in Bulgaria

The Bulgarian lawn mower market surged to $X in 2022, picking up by 58% 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). Overall, consumption posted a buoyant increase. Lawn mower consumption peaked in 2022 and is likely to see gradual growth in the near future.

Lawn Mower Exports

Exports from Bulgaria

In 2022, after two years of growth, there was decline in overseas shipments of mowers for lawns, parks, golf courses or sports grounds, when their volume decreased by -4.6% to X units. In general, exports, however, saw a measured expansion. The pace of growth was the most pronounced in 2020 when exports increased by 52%. Over the period under review, the exports hit record highs at X units in 2021, and then fell modestly in the following year.

In value terms, lawn mower exports fell rapidly to $X in 2022. Over the period under review, exports, however, posted a buoyant increase. The pace of growth was the most pronounced in 2020 when exports increased by 158% against the previous year. The exports peaked at $X in 2021, and then declined sharply in the following year.

Exports by Country

Georgia (X units), North Macedonia (X units) and Serbia (X units) were the main destinations of lawn mower exports from Bulgaria, together accounting for 64% of total exports. Romania, Bosnia and Herzegovina, Armenia and Iraq lagged somewhat behind, together accounting for a further 28%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Iraq (with a CAGR of +269.7%), while the other leaders experienced more modest paces of growth.

In value terms, North Macedonia ($X), Serbia ($X) and Romania ($X) appeared to be the largest markets for lawn mower exported from Bulgaria worldwide, with a combined 53% share of total exports. Georgia, Bosnia and Herzegovina, Iraq and Armenia lagged somewhat behind, together comprising a further 25%.

In terms of the main countries of destination, Iraq, with a CAGR of +376.4%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average lawn mower export price stood at $X per unit in 2022, with a decrease of -21.2% against the previous year. Over the period under review, the export price, however, showed tangible growth. The pace of growth was the most pronounced in 2013 when the average export price increased by 71% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Iraq ($X per unit), while the average price for exports to Armenia ($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 Iraq (+28.9%), while the prices for the other major destinations experienced more modest paces of growth.

Lawn Mower Imports

Imports into Bulgaria

In 2022, imports of mowers for lawns, parks, golf courses or sports grounds into Bulgaria surged to X units, growing by 45% on the previous year's figure. Over the period under review, imports continue to indicate buoyant growth. The pace of growth was the most pronounced in 2021 with an increase of 48% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the immediate term.

In value terms, lawn mower imports skyrocketed to $X in 2022. Overall, imports continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2021 with an increase of 65% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to continue growth in the near future.

Imports by Country

In 2022, China (X units) constituted the largest supplier of lawn mower to Bulgaria, with a 53% share of total imports. Moreover, lawn mower imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), threefold. The third position in this ranking was held by Romania (X units), with a 4.6% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +19.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+10.3% per year) and Romania (+5.9% per year).

In value terms, China ($X) constituted the largest supplier of mowers for lawns, parks, golf courses or sports grounds to Bulgaria, comprising 43% of total imports. The second position in the ranking was taken by Germany ($X), with an 18% share of total imports. It was followed by Romania, with a 5% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +22.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+12.8% per year) and Romania (+8.1% per year).

Import Prices by Country

In 2022, the average lawn mower import price amounted to $X per unit, growing by 7.6% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.7%. The most prominent rate of growth was recorded in 2018 when the average import price increased by 16%. Over the period under review, average import prices reached the peak figure in 2022 and is likely to see steady growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+7.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform