Bulgaria: Pedestrian-Controlled Tractor Market 2024

Pedestrian-Controlled Tractor Market Size in Bulgaria

The Bulgarian pedestrian-controlled tractor market fell to $X in 2022, declining by -11.6% against the previous year. In general, consumption showed a perceptible decline. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Pedestrian-Controlled Tractor Production in Bulgaria

In value terms, pedestrian-controlled tractor production shrank slightly to $X in 2022 estimated in export price. Over the period under review, production recorded a perceptible slump. The most prominent rate of growth was recorded in 2021 with an increase of 4.2% against the previous year. Pedestrian-controlled tractor production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Pedestrian-Controlled Tractor Exports

Exports from Bulgaria

In 2022, overseas shipments of pedestrian-controlled tractors decreased by -15% to X units, falling for the second consecutive year after two years of growth. Overall, exports, however, recorded a resilient increase. The most prominent rate of growth was recorded in 2013 with an increase of 5,157% against the previous year. Over the period under review, the exports attained the maximum at X units in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, pedestrian-controlled tractor exports declined dramatically to $X in 2022. Over the period under review, exports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2013 when exports increased by 7,208% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

North Macedonia (X units), Romania (X units) and Georgia (X units) were the main destinations of pedestrian-controlled tractor exports from Bulgaria. Moreover, pedestrian-controlled tractor exports in North Macedonia exceeded the figures recorded by the second-largest exporter, Romania, twofold.

From 2012 to 2022, the biggest increases were recorded for North Macedonia (with a CAGR of +7.9%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, North Macedonia ($X), Romania ($X) and Georgia ($X) appeared to be the largest markets for pedestrian-controlled tractor exported from Bulgaria worldwide, with a combined 95% share of total exports.

Georgia, with a CAGR of +8.9%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average pedestrian-controlled tractor export price stood at $X per unit in 2022, waning by -41.3% against the previous year. In general, the export price, however, posted a strong increase. The pace of growth was the most pronounced in 2014 an increase of 108% against the previous year. The export price peaked at $X per unit in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Iraq ($X per unit), while the average price for exports to North Macedonia ($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 Greece (+11.5%), while the prices for the other major destinations experienced more modest paces of growth.

Pedestrian-Controlled Tractor Imports

Imports into Bulgaria

In 2022, the amount of pedestrian-controlled tractors imported into Bulgaria shrank significantly to X units, which is down by -55.2% compared with 2021. Over the period under review, imports, however, recorded a mild increase. The most prominent rate of growth was recorded in 2021 when imports increased by 992% against the previous year. As a result, imports attained the peak of X units, and then shrank rapidly in the following year.

In value terms, pedestrian-controlled tractor imports reduced remarkably to $X in 2022. In general, imports, however, saw mild growth. The pace of growth appeared the most rapid in 2021 with an increase of 491% against the previous year. As a result, imports reached the peak of $X, and then reduced dramatically in the following year.

Imports by Country

In 2022, China (X units) constituted the largest pedestrian-controlled tractor supplier to Bulgaria, accounting for a 65% share of total imports. Moreover, pedestrian-controlled tractor imports from China exceeded the figures recorded by the second-largest supplier, Romania (X units), sixfold. Germany (X units) ranked third in terms of total imports with an 8.3% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +46.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Romania (+20.0% per year) and Germany (+7.4% per year).

In value terms, China ($X) constituted the largest supplier of pedestrian-controlled tractors to Bulgaria, comprising 53% of total imports. The second position in the ranking was taken by Poland ($X), with a 20% share of total imports. It was followed by Romania, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +50.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+56.1% per year) and Romania (-1.6% per year).

Import Prices by Country

In 2022, the average pedestrian-controlled tractor import price amounted to $X per unit, surging by 30% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the average import price increased by 71% against the previous year. The import price peaked at $X per unit in 2014; however, from 2015 to 2022, 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 Poland ($X per unit), while the price for Japan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+16.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :