Report Update Nov 1, 2024

Bulgaria - Ploughs for Agricultural Purposes - Market Analysis, Forecast, Size, Trends and Insights

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Bulgaria: Plough Market 2024

Plough Exports

Exports from Bulgaria

In 2022, the amount of ploughs for agricultural purposes exported from Bulgaria declined significantly to X units, falling by -44.7% compared with 2021 figures. Overall, exports showed a abrupt curtailment. The most prominent rate of growth was recorded in 2014 with an increase of 35%. As a result, the exports reached the peak of X units. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, plough exports declined notably to $X in 2022. In general, exports showed a abrupt decline. The pace of growth appeared the most rapid in 2014 when exports increased by 38% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Romania (X units) was the main destination for plough exports from Bulgaria, with a 78% share of total exports. Moreover, plough exports to Romania exceeded the volume sent to the second major destination, Georgia (X units), more than tenfold. The third position in this ranking was held by Armenia (X units), with a 4.7% share.

From 2012 to 2022, the average annual growth rate of volume to Romania stood at -5.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Georgia (+65.6% per year) and Armenia (+29.1% per year).

In value terms, Romania ($X) remains the key foreign market for ploughs for agricultural purposes exports from Bulgaria, comprising 93% of total exports. The second position in the ranking was taken by Greece ($X), with a 2.8% share of total exports. It was followed by the Netherlands, with a 2.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Romania totaled -5.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Greece (+8.2% per year) and the Netherlands (-10.2% per year).

Export Prices by Country

In 2022, the average plough export price amounted to $X per unit, picking up by 11% against the previous year. Overall, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 15% against the previous year. The export price peaked at $X per unit in 2014; however, from 2015 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 the Netherlands ($X per unit), while the average price for exports to Armenia ($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 Italy (+20.3%), while the prices for the other major destinations experienced mixed trend patterns.

Plough Imports

Imports into Bulgaria

In 2022, overseas purchases of ploughs for agricultural purposes increased by 37% to X units, rising for the second year in a row after two years of decline. In general, imports, however, recorded a relatively flat trend pattern. Imports peaked at X units in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, plough imports skyrocketed to $X in 2022. Over the period under review, imports showed a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Germany (X units), Turkey (X units) and France (X units) were the main suppliers of plough imports to Bulgaria, with a combined 60% share of total imports. These countries were followed by Norway, the Czech Republic, Spain, Poland and Austria, which together accounted for a further 26%.

From 2012 to 2022, the biggest increases were recorded for Norway (with a CAGR of +44.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of ploughs for agricultural purposes to Bulgaria, comprising 35% of total imports. The second position in the ranking was held by France ($X), with a 15% share of total imports. It was followed by Norway, with a 12% share.

From 2012 to 2022, the average annual growth rate of value from Germany amounted to +7.6%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-6.6% per year) and Norway (+41.3% per year).

Import Prices by Country

In 2022, the average plough import price amounted to $X per unit, with an increase of 13% against the previous year. Overall, the import price showed a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 Germany ($X per unit), while the price for Turkey ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+1.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for ploughs for agricultural purposes in the world?

Nigeria remains the largest plough consuming country worldwide, comprising approx. 35% of total volume. Moreover, plough consumption in Nigeria exceeded the figures recorded by the second-largest consumer, the United States, sixfold. The third position in this ranking was occupied by Norway, with a 5% share.

What are the largest producers of ploughs for agricultural purposes in the world?

The countries with the highest volumes of plough production in 2021 were France, Norway and Germany, with a combined 39% share of global production. These countries were followed by China, Turkey, the United States, South Africa, the Czech Republic, Italy, Brazil, Thailand and Zimbabwe, which together accounted for a further 50%.

What are the leading suppliers of ploughs for agricultural purposes to Bulgaria?

In value terms, Germany constituted the largest supplier of plough to Bulgaria, comprising 38% of total imports. The second position in the ranking was occupied by Norway, with a 15% share of total imports. It was followed by Turkey, with a 9.9% share.

What are the leading importers of ploughs for agricultural purposes from Bulgaria?

In value terms, Romania remains the key foreign market for plough exports from Bulgaria, comprising 87% of total exports. The second position in the ranking was occupied by the Netherlands, with a 5.6% share of total exports. It was followed by Greece, with a 2.2% share.

What is the average export price for ploughs for agricultural purposes in Bulgaria?

The average plough export price stood at $1,689 per unit in 2021, increasing by 44% against the previous year.

What is the average import price for ploughs for agricultural purposes in Bulgaria?

In 2021, the average plough import price amounted to $1,404 per unit, picking up by 6.2% against the previous year.

This report provides an in-depth analysis of the plough market in Bulgaria. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 28303130 -
Prodcom 28303150 -

Country coverage:

Bulgaria

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Bulgaria
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023