Report Update Nov 1, 2024

Bulgaria - Self-Propelled Earth Moving, Excavating Machinery - Market Analysis, Forecast, Size, Trends and Insights

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Bulgaria: Self-Propelled Excavating Machinery Market 2024

Self-Propelled Excavating Machinery Market Size in Bulgaria

In 2021, the Bulgarian self-propelled excavating machinery market increased by 2,001% to $X for the first time since 2018, thus ending a two-year declining trend. In general, consumption, however, continues to indicate a abrupt descent. Self-propelled excavating machinery consumption peaked at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Self-Propelled Excavating Machinery Production in Bulgaria

In value terms, self-propelled excavating machinery production rose remarkably to $X in 2021 estimated in export price. Overall, production continues to indicate a mild contraction. The most prominent rate of growth was recorded in 2016 when the production volume increased by 19% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2021, production growth remained at a somewhat lower figure.

Self-Propelled Excavating Machinery Exports

Exports from Bulgaria

After five years of growth, shipments abroad of self-propelled earth moving, excavating machinery decreased by -39.5% to X units in 2021. Overall, exports, however, saw significant growth. The pace of growth was the most pronounced in 2017 when exports increased by 482%. Over the period under review, the exports attained the maximum at X units in 2020, and then shrank markedly in the following year.

In value terms, self-propelled excavating machinery exports reduced sharply to $X in 2021. In general, exports, however, recorded a strong expansion. The growth pace was the most rapid in 2017 with an increase of 309% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Slovenia (X units), Croatia (X units) and North Macedonia (X units) were the main destinations of self-propelled excavating machinery exports from Bulgaria, with a combined 90% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Slovenia (with a CAGR of +80.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Slovenia ($X), Croatia ($X) and North Macedonia ($X) appeared to be the largest markets for self-propelled excavating machinery exported from Bulgaria worldwide, together accounting for 98% of total exports. These countries were followed by Ukraine, which accounted for a further 2.3%.

Ukraine, with a CAGR of +159.0%, saw the highest growth rate of 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 excavating machinery export price amounted to $X per unit, reducing by -33.3% against the previous year. Over the period under review, the export price faced a significant decline. The growth pace was the most rapid in 2015 when the average export price increased by 11%. As a result, the export price attained the peak level of $X per unit. From 2016 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 Slovenia ($X per unit), while the average price for exports to Ukraine ($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 Ukraine (+71.1%), while the prices for the other major destinations experienced a decline.

Self-Propelled Excavating Machinery Imports

Imports into Bulgaria

In 2021, overseas purchases of self-propelled earth moving, excavating machinery decreased by -5.8% to X units, falling for the third consecutive year after two years of growth. In general, imports, however, saw a tangible increase. The growth pace was the most rapid in 2018 with an increase of 164% against the previous year. As a result, imports attained the peak of X units. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, self-propelled excavating machinery imports totaled $X in 2021. Over the period under review, imports, however, enjoyed notable growth. The most prominent rate of growth was recorded in 2018 with an increase of 158% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports failed to regain momentum.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for self-propelled earth moving, excavating machinery in the world?

The countries with the highest volumes of self-propelled excavating machinery consumption in 2021 were China, France and Spain, with a combined 39% share of global consumption. Belgium, the Czech Republic, the UK, Indonesia, Japan, Singapore, Denmark, Thailand, Australia and the Netherlands lagged somewhat behind, together comprising a further 34%.

What are the largest producers of self-propelled earth moving, excavating machinery in the world?

The country with the largest volume of self-propelled excavating machinery production was China, accounting for 35% of total volume. Moreover, self-propelled excavating machinery production in China exceeded the figures recorded by the second-largest producer, South Korea, twofold. The third position in this ranking was occupied by Spain, with an 8.8% share.

What are the leading suppliers of self-propelled earth moving, excavating machinery to Bulgaria?

In value terms, the Czech Republic constituted the largest supplier of self-propelled excavating machinery to Bulgaria, comprising 40% of total imports. The second position in the ranking was occupied by Belgium, with a 19% share of total imports. It was followed by Germany, with a 12% share.

What are the leading importers of self-propelled earth moving, excavating machinery from Bulgaria?

In value terms, the largest markets for self-propelled excavating machinery exported from Bulgaria were Slovenia, Croatia and North Macedonia, with a combined 98% share of total exports. These countries were followed by Ukraine, which accounted for a further 2.3%.

What is the average export price for self-propelled earth moving, excavating machinery in Bulgaria?

The average self-propelled excavating machinery export price stood at $2,154 per unit in 2021, with a decrease of -55.2% against the previous year.

What is the average import price for self-propelled earth moving, excavating machinery in Bulgaria?

In 2021, the average self-propelled excavating machinery import price amounted to $3,779 per unit, with an increase of 1.9% against the previous year.

This report provides an in-depth analysis of the self-propelled excavating machinery 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 28922750 - Self-propelled earth moving, excavating... machinery, n.e.c.

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