Bulgaria: Ride-On Compaction Equipment Market 2024

Ride-On Compaction Equipment Market Size in Bulgaria

The Bulgarian ride-on compaction equipment market shrank slightly to $X in 2022, which is down by -1.6% against the previous year. In general, the total consumption indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -14.3% against 2020 indices. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Ride-On Compaction Equipment Production in Bulgaria

In value terms, ride-on compaction equipment production surged to $X in 2022 estimated in export price. Overall, production saw a noticeable increase. The most prominent rate of growth was recorded in 2020 when the production volume increased by 166%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Ride-On Compaction Equipment Exports

Exports from Bulgaria

After two years of growth, overseas shipments of ride-on compaction equipment decreased by -80.7% to X units in 2022. Overall, exports showed a mild setback. The pace of growth appeared the most rapid in 2020 with an increase of 245%. Over the period under review, the exports hit record highs at X units in 2021, and then dropped notably in the following year.

In value terms, ride-on compaction equipment exports dropped notably to $X in 2022. In general, exports recorded a abrupt contraction. The most prominent rate of growth was recorded in 2020 with an increase of 382%. Over the period under review, the exports reached the maximum at $X in 2021, and then fell dramatically in the following year.

Exports by Country

Georgia (X units), Romania (X units) and Greece (X units) were the main destinations of ride-on compaction equipment exports from Bulgaria, with a combined 62% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Greece (with a CAGR of +30.8%), while the other leaders experienced more modest paces of growth.

In value terms, Romania ($X) remains the key foreign market for ride-on compaction equipment exports from Bulgaria, comprising 43% of total exports. The second position in the ranking was held by Greece ($X), with a 17% share of total exports. It was followed by France, with a 17% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Romania stood at -12.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Greece (+47.6% per year) and France (0.0% per year).

Export Prices by Country

In 2022, the average ride-on compaction equipment export price amounted to $X per unit, increasing by 32% against the previous year. Overall, the export price, however, saw a abrupt slump. The pace of growth was the most pronounced in 2021 an increase of 76%. Over the period under review, the average export prices hit record highs at $X per unit in 2012; however, from 2013 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 France ($X per unit), while the average price for exports to North Macedonia ($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 (+12.9%), while the prices for the other major destinations experienced a decline.

Ride-On Compaction Equipment Imports

Imports into Bulgaria

In 2022, after two years of growth, there was significant decline in supplies from abroad of ride-on compaction equipment, when their volume decreased by -42.2% to X units. In general, imports, however, recorded a resilient expansion. The most prominent rate of growth was recorded in 2020 with an increase of 111% against the previous year. Imports peaked at X units in 2021, and then contracted dramatically in the following year.

In value terms, ride-on compaction equipment imports reduced sharply to $X in 2022. Overall, imports, however, posted strong growth. The most prominent rate of growth was recorded in 2014 with an increase of 92%. Imports peaked at $X in 2021, and then reduced notably in the following year.

Imports by Country

In 2022, Germany (X units) constituted the largest supplier of ride-on compaction equipment to Bulgaria, with a 36% share of total imports. Moreover, ride-on compaction equipment imports from Germany exceeded the figures recorded by the second-largest supplier, the Czech Republic (X units), twofold. The third position in this ranking was held by Romania (X units), with a 13% share.

From 2012 to 2022, the average annual growth rate of volume from Germany stood at +9.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (+49.3% per year) and Romania (+19.6% per year).

In value terms, Germany ($X) constituted the largest supplier of ride-on compaction equipment to Bulgaria, comprising 41% of total imports. The second position in the ranking was taken by the Czech Republic ($X), with a 13% share of total imports. It was followed by China, with an 8% share.

From 2012 to 2022, the average annual growth rate of value from Germany amounted to +4.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (+44.1% per year) and China (+87.7% per year).

Import Prices by Country

The average ride-on compaction equipment import price stood at $X per unit in 2022, growing by 6.7% against the previous year. Overall, the import price, however, showed a abrupt descent. The most prominent rate of growth was recorded in 2015 an increase of 7.7%. The import price peaked at $X per unit in 2012; however, from 2013 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 Germany ($X per unit), while the price for Sweden ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+24.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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