Bulgaria: Self-Propelled Bulldozer Market 2024

Self-Propelled Bulldozer Market Size in Bulgaria

The Bulgarian self-propelled bulldozer market surged to $X in 2021, with an increase of 120% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption showed a strong increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Self-Propelled Bulldozer Exports

Exports from Bulgaria

In 2021, overseas shipments of self-propelled bulldozers and excavators increased by 88% to X units, rising for the second consecutive year after two years of decline. Overall, exports, however, recorded a abrupt decrease. The pace of growth appeared the most rapid in 2016 with an increase of 125% against the previous year. Over the period under review, the exports attained the maximum at X units in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, self-propelled bulldozer exports skyrocketed to $X in 2021. Over the period under review, exports, however, saw a drastic downturn. The most prominent rate of growth was recorded in 2016 with an increase of 288% against the previous year. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

North Macedonia (X units) was the main destination for self-propelled bulldozer exports from Bulgaria, with a 61% share of total exports. Moreover, self-propelled bulldozer exports to North Macedonia exceeded the volume sent to the second major destination, Romania (X units), eightfold. Greece (X units) ranked third in terms of total exports with an 8.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to North Macedonia stood at +25.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (-27.6% per year) and Greece (+16.7% per year).

In value terms, Sweden ($X), North Macedonia ($X) and Greece ($X) constituted the largest markets for self-propelled bulldozer exported from Bulgaria worldwide, together comprising 72% of total exports.

Greece, with a CAGR of +45.5%, 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 more modest paces of growth.

Export Prices by Country

In 2021, the average self-propelled bulldozer export price amounted to $X per unit, increasing by 88% against the previous year. Overall, the export price continues to indicate a modest expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (+34.5%), while the prices for the other major destinations experienced more modest paces of growth.

Self-Propelled Bulldozer Imports

Imports into Bulgaria

In 2021, imports of self-propelled bulldozers and excavators into Bulgaria skyrocketed to X units, growing by 114% against the previous year's figure. Overall, imports posted buoyant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, self-propelled bulldozer imports skyrocketed to $X in 2021. Over the period under review, imports posted a resilient increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, the UK (X units) constituted the largest supplier of self-propelled bulldozer to Bulgaria, accounting for a 50% share of total imports. Moreover, self-propelled bulldozer imports from the UK exceeded the figures recorded by the second-largest supplier, Germany (X units), fivefold. Italy (X units) ranked third in terms of total imports with a 9.7% share.

From 2012 to 2021, the average annual growth rate of volume from the UK totaled +22.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+19.9% per year) and Italy (+2.7% per year).

In value terms, the UK ($X) constituted the largest supplier of self-propelled bulldozers and excavators to Bulgaria, comprising 58% of total imports. The second position in the ranking was held by Germany ($X), with a 14% share of total imports. It was followed by Italy, with a 7.4% share.

From 2012 to 2021, the average annual growth rate of value from the UK totaled +23.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+18.1% per year) and Italy (+0.6% per year).

Import Prices by Country

In 2021, the average self-propelled bulldozer import price amounted to $X per unit, surging by 10% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the average import price increased by 57%. The import price peaked at $X per unit in 2016; however, from 2017 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+8.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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