Bulgaria: Seeder And Planter Market 2024

Seeder And Planter Market Size in Bulgaria

The Bulgarian seeder and planter market was estimated at less than $X in 2021, approximately equating the previous year. Overall, consumption, however, recorded a drastic downturn. The growth pace was the most rapid in 2016 when the market value decreased by -0.9% against the previous year. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Seeder And Planter Production in Bulgaria

In value terms, seeder and planter production totaled less than $X in 2021 estimated in export price. Overall, production saw a relatively flat trend pattern.

Seeder And Planter Exports

Exports from Bulgaria

After four years of growth, shipments abroad of seeders, planters, transplanters decreased by -22.9% to X units in 2016. In general, total exports indicated a strong expansion from 2012 to 2016: its volume increased at an average annual rate of +12.2% over the last four years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of 46% against the previous year. The exports peaked at X units in 2015, and then shrank sharply in the following year.

In value terms, seeder and planter exports fell to $X in 2016. Overall, total exports indicated a prominent expansion from 2012 to 2016: its value increased at an average annual rate of +7.0% over the last four-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2016 figures, exports decreased by -25.6% against 2014 indices. The most prominent rate of growth was recorded in 2014 when exports increased by 55%. As a result, the exports attained the peak of $X. From 2015 to 2016, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Romania (X units) was the main destination for seeder and planter exports from Bulgaria, with a 87% share of total exports. Moreover, seeder and planter exports to Romania exceeded the volume sent to the second major destination, Ukraine (X units), more than tenfold. The third position in this ranking was held by Germany (X units), with a 2.5% share.

From 2012 to 2016, the average annual rate of growth in terms of volume to Romania totaled +10.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (+49.0% per year) and Germany (-3.1% per year).

In value terms, Romania ($X) remains the key foreign market for seeders, planters, transplanters exports from Bulgaria, comprising 89% of total exports. The second position in the ranking was taken by Ukraine ($X), with a 3.6% share of total exports. It was followed by Greece, with a 1.1% share.

From 2012 to 2016, the average annual growth rate of value to Romania totaled +5.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (+57.8% per year) and Greece (+96.6% per year).

Export Prices by Country

In 2016, the average seeder and planter export price amounted to $X per unit, picking up by 15% against the previous year. In general, the export price, however, showed a pronounced contraction. The export price peaked at $X per unit in 2014; however, from 2015 to 2016, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2016, amid the top suppliers, the country with the highest price was Romania ($X per unit), while the average price for exports to Germany ($X per unit) was amongst the lowest.

From 2012 to 2016, the most notable rate of growth in terms of prices was recorded for supplies to Ukraine (+7.0%), while the prices for the other major destinations experienced a decline.

Seeder And Planter Imports

Imports into Bulgaria

In 2016, approx. X units of seeders, planters, transplanters were imported into Bulgaria; reducing by -16.4% compared with 2015 figures. In general, imports continue to indicate a pronounced reduction. The growth pace was the most rapid in 2015 when imports increased by 9.2% against the previous year. Over the period under review, imports reached the maximum at X units in 2013; however, from 2014 to 2016, imports remained at a lower figure.

In value terms, seeder and planter imports dropped significantly to $X in 2016. Overall, imports saw a abrupt setback. The pace of growth was the most pronounced in 2013 when imports increased by 9% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2016, the growth of imports remained at a somewhat lower figure.

Imports by Country

Germany (X units), Turkey (X units) and France (X units) were the main suppliers of seeder and planter imports to Bulgaria, with a combined 65% share of total imports. Italy, Sweden, Ukraine, the United States and Romania lagged somewhat behind, together comprising a further 27%.

From 2012 to 2016, the biggest increases were recorded for Romania (with a CAGR of +0.7%), while purchases for the other leaders experienced a decline.

In value terms, Germany ($X) constituted the largest supplier of seeders, planters, transplanters to Bulgaria, comprising 39% of total imports. The second position in the ranking was held by Turkey ($X), with a 13% share of total imports. It was followed by Italy, with a 12% share.

From 2012 to 2016, the average annual rate of growth in terms of value from Germany amounted to -2.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (-8.8% per year) and Italy (-7.1% per year).

Import Prices by Country

The average seeder and planter import price stood at $X per unit in 2016, remaining constant against the previous year. In general, the import price showed a pronounced decline. The pace of growth appeared the most rapid in 2014 when the average import price increased by 5%. As a result, import price reached the peak level of $X per unit. From 2015 to 2016, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Sweden ($X per unit), while the price for Ukraine ($X per unit) was amongst the lowest.

From 2012 to 2016, the most notable rate of growth in terms of prices was attained by Sweden (+3.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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