Bulgaria: Agricultural Harvester Market 2024

Agricultural Harvester Market Size in Bulgaria

The Bulgarian agricultural harvester market was finally on the rise to reach $X in 2022, after three years of decline. In general, the total consumption indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Agricultural Harvester Production in Bulgaria

In value terms, agricultural harvester production declined modestly to $X in 2022 estimated in export price. Overall, production enjoyed a buoyant expansion. The pace of growth appeared the most rapid in 2016 when the production volume increased by X%. Over the period under review, production attained the peak level at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

Agricultural Harvester Exports

Exports from Bulgaria

For the third consecutive year, Bulgaria recorded growth in shipments abroad of agricultural harvesters, which increased by X% to X units in 2022. Over the period under review, total exports indicated strong growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2019 indices. The growth pace was the most rapid in 2013 with an increase of X%. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, agricultural harvester exports soared to $X in 2022. Overall, total exports indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2013 when exports increased by X%. The exports peaked in 2022 and are likely to continue growth in the immediate term.

Exports by Country

Romania (X units) was the main destination for agricultural harvester exports from Bulgaria, accounting for a X% share of total exports. Moreover, agricultural harvester exports to Romania exceeded the volume sent to the second major destination, Greece (X units), sevenfold. The third position in this ranking was held by Turkey (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Romania amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Greece (X% per year) and Turkey (X% per year).

In value terms, Romania ($X) remains the key foreign market for agricultural harvesters exports from Bulgaria, comprising X% of total exports. The second position in the ranking was taken by Russia ($X), with a X% share of total exports. It was followed by Germany, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Romania stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (X% per year) and Germany (X% per year).

Export Prices by Country

The average agricultural harvester export price stood at $X per unit in 2022, with an increase of X% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of X%. As a result, the export price attained the peak level of $X per unit. From 2020 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, 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 2022, the most notable rate of growth in terms of prices was recorded for supplies to Georgia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Agricultural Harvester Imports

Imports into Bulgaria

Agricultural harvester imports into Bulgaria skyrocketed to X units in 2022, with an increase of X% against the previous year. In general, imports saw a resilient increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, agricultural harvester imports soared to $X in 2022. Over the period under review, total imports indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Italy (X units), Germany (X units) and Poland (X units) were the main suppliers of agricultural harvester imports to Bulgaria, with a combined X% share of total imports. Turkey, Belgium, the UK, France, Hungary, Russia, Canada, Romania, Ukraine and the United States lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Ukraine (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Italy ($X) and Belgium ($X) constituted the largest agricultural harvester suppliers to Bulgaria, with a combined X% share of total imports. Romania, Poland, Russia, Hungary, France, the UK, Ukraine, Turkey, Canada and the United States lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Canada, with a CAGR of X%, recorded the highest growth rate of 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

In 2022, the average agricultural harvester import price amounted to $X per unit, increasing by X% against the previous year. Overall, the import price, however, recorded a slight descent. The pace of growth appeared the most rapid in 2015 an increase of X%. Over the period under review, average import prices reached the maximum at $X per unit in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Romania ($X per unit), while the price for Turkey ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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