Bulgaria: Market for Equipment For Scaffolding, Shuttering, Propping Or Pit Propping 2025

Market Size for Equipment For Scaffolding, Shuttering, Propping Or Pit Propping in Bulgaria

The Bulgarian market for equipment for scaffolding, shuttering, propping or pit propping expanded slightly to $X in 2021, growing by 2.1% against the previous year. In general, consumption recorded a significant increase. Scaffolding, shuttering, and propping equipment consumption peaked in 2021 and is expected to retain growth in the near future.

Production of Equipment For Scaffolding, Shuttering, Propping Or Pit Propping in Bulgaria

In value terms, scaffolding, shuttering, and propping equipment production shrank slightly to $X in 2021 estimated in export price. In general, production, however, saw a remarkable increase. The growth pace was the most rapid in 2017 with an increase of 60% against the previous year. Scaffolding, shuttering, and propping equipment production peaked at $X in 2020, and then dropped modestly in the following year.

Exports of Equipment For Scaffolding, Shuttering, Propping Or Pit Propping

Exports from Bulgaria

In 2021, overseas shipments of equipment for scaffolding, shuttering, propping or pit propping were finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, exports, however, continue to indicate a abrupt contraction. The pace of growth was the most pronounced in 2016 when exports increased by 123%. As a result, the exports reached the peak of X tons. From 2017 to 2021, the growth of the exports remained at a lower figure.

In value terms, scaffolding, shuttering, and propping equipment exports surged to $X in 2021. Overall, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when exports increased by 110% against the previous year. As a result, the exports reached the peak of $X. From 2017 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

France (X tons), Germany (X tons) and Greece (X tons) were the main destinations of scaffolding, shuttering, and propping equipment exports from Bulgaria, together accounting for 72% of total exports. These countries were followed by Italy, Hungary, Romania, Switzerland, Ukraine, Poland, the Netherlands and Serbia, which together accounted for a further 21%.

From 2012 to 2021, the biggest increases were recorded for Poland (with a CAGR of +67.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for scaffolding, shuttering, and propping equipment exported from Bulgaria were France ($X), Germany ($X) and Greece ($X), with a combined 74% share of total exports. Italy, Switzerland, Hungary, Poland, the Netherlands, Ukraine, Romania and Serbia lagged somewhat behind, together accounting for a further 21%.

Among the main countries of destination, Poland, with a CAGR of +66.2%, saw the highest growth rate of 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

In 2021, the average export price for equipment for scaffolding, shuttering, propping or pit propping amounted to $X per ton, with an increase of 14% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +5.4%. The pace of growth was the most pronounced in 2013 an increase of 23%. Over the period under review, the average export prices reached the maximum in 2021 and is likely to see gradual growth in years to come.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Switzerland ($X per ton), while the average price for exports to Romania ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Romania (+9.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Equipment For Scaffolding, Shuttering, Propping Or Pit Propping

Imports into Bulgaria

Scaffolding, shuttering, and propping equipment imports into Bulgaria soared to X tons in 2021, rising by 27% on 2020. Overall, imports posted significant growth. The growth pace was the most rapid in 2016 when imports increased by 158%. Imports peaked in 2021 and are likely to see steady growth in the near future.

In value terms, scaffolding, shuttering, and propping equipment imports surged to $X in 2021. Over the period under review, imports enjoyed significant growth. The most prominent rate of growth was recorded in 2016 with an increase of 88%. Imports peaked in 2021 and are expected to retain growth in the immediate term.

Imports by Country

France (X tons), Turkey (X tons) and Italy (X tons) were the main suppliers of scaffolding, shuttering, and propping equipment imports to Bulgaria, together comprising 48% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by France (with a CAGR of +90.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Germany ($X) and Italy ($X) constituted the largest scaffolding, shuttering, and propping equipment suppliers to Bulgaria, with a combined 50% share of total imports.

In terms of the main suppliers, France, with a CAGR of +116.3%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for equipment for scaffolding, shuttering, propping or pit propping stood at $X per ton in 2021, increasing by 36% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Switzerland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+13.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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