Bulgaria: Market for Root Or Tuber Harvesting Machines 2024

Market Size for Root Or Tuber Harvesting Machines in Bulgaria

In 2021, the Bulgarian market for root or tuber harvesting machines was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. In general, consumption recorded strong growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Exports of Root Or Tuber Harvesting Machines

Exports from Bulgaria

In 2021, the amount of root or tuber harvesting machines exported from Bulgaria surged to X tons, growing by 189% on 2020 figures. Over the period under review, exports posted a significant increase. The most prominent rate of growth was recorded in 2014 with an increase of 542%. Over the period under review, the exports attained the peak figure at X tons in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, root or tuber harvesting machine exports surged to $X in 2021. Overall, exports recorded a significant increase. The most prominent rate of growth was recorded in 2014 with an increase of 3,709% against the previous year. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

Exports by Country

Romania (X tons) was the main destination for root or tuber harvesting machine exports from Bulgaria, accounting for a 89% share of total exports. Moreover, root or tuber harvesting machine exports to Romania exceeded the volume sent to the second major destination, Ukraine (X tons), more than tenfold.

From 2013 to 2021, the average annual rate of growth in terms of volume to Romania stood at +24.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (0.0% per year) and Moldova (+37.9% per year).

In value terms, Romania ($X) remains the key foreign market for root or tuber harvesting machines exports from Bulgaria, comprising 93% of total exports. The second position in the ranking was taken by Ukraine ($X), with a 5.6% share of total exports.

From 2013 to 2021, the average annual growth rate of value to Romania stood at +41.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (0.0% per year) and Moldova (+27.7% per year).

Export Prices by Country

The average export price for root or tuber harvesting machines stood at $X per ton in 2021, picking up by 27% against the previous year. Overall, the export price showed a resilient expansion. The most prominent rate of growth was recorded in 2014 an increase of 493%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Romania ($X per ton), while the average price for exports to Moldova ($X per ton) was amongst the lowest.

From 2013 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Romania (+14.2%).

Imports of Root Or Tuber Harvesting Machines

Imports into Bulgaria

In 2021, purchases abroad of root or tuber harvesting machines was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Overall, imports enjoyed a strong increase. Imports peaked at X tons in 2015; however, from 2016 to 2021, imports failed to regain momentum.

In value terms, root or tuber harvesting machine imports surged to $X in 2021. Over the period under review, imports enjoyed buoyant growth. Over the period under review, imports reached the maximum at $X in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Turkey (X tons), Germany (X tons) and Hungary (X tons) were the main suppliers of root or tuber harvesting machine imports to Bulgaria, with a combined 68% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Turkey (with a CAGR of +19.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest root or tuber harvesting machine suppliers to Bulgaria were the United States ($X), Hungary ($X) and Germany ($X), together accounting for 70% of total imports. Italy, Turkey, Austria and Poland lagged somewhat behind, together comprising a further 28%.

Poland, with a CAGR of +24.6%, saw the highest rates of growth with regard to the value of imports, among the main suppliers 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 root or tuber harvesting machines stood at $X per ton in 2021, growing by 41% against the previous year. In general, import price indicated a resilient increase from 2012 to 2021: its price increased at an average annual rate of +5.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, root or tuber harvesting machine import price decreased by -19.0% against 2019 indices. The most prominent rate of growth was recorded in 2015 an increase of 71%. As a result, import price attained the peak level of $X per ton. From 2016 to 2021, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+29.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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