Bulgaria: Market for Straw Or Fodder Balers, Including Pickup Balers 2024

Market Size for Straw Or Fodder Balers, Including Pickup Balers in Bulgaria

In 2021, the Bulgarian straw for fodder balers market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, consumption enjoyed a strong increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Straw Or Fodder Balers, Including Pickup Balers in Bulgaria

In value terms, straw for fodder balers production dropped remarkably to $X in 2021 estimated in export price. In general, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the production volume increased by 59% against the previous year. As a result, production reached the peak level of $X, and then plummeted in the following year.

Exports of Straw Or Fodder Balers, Including Pickup Balers

Exports from Bulgaria

In 2021, the amount of straw or fodder balers, including pickup balers exported from Bulgaria soared to X units, jumping by 55% against 2020 figures. Over the period under review, exports saw prominent growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, straw for fodder balers exports skyrocketed to $X in 2021. Overall, exports recorded a strong increase. The most prominent rate of growth was recorded in 2013 when exports increased by 82% against the previous year. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in years to come.

Exports by Country

Romania (X units) was the main destination for straw for fodder balers exports from Bulgaria, with a 75% share of total exports. Moreover, straw for fodder balers exports to Romania exceeded the volume sent to the second major destination, Greece (X units), fivefold. The third position in this ranking was held by Georgia (X units), with a 7.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Romania totaled +18.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Greece (+56.5% per year) and Georgia (+3.2% per year).

In value terms, Romania ($X) remains the key foreign market for straw or fodder balers, including pickup balers exports from Bulgaria, comprising 79% of total exports. The second position in the ranking was held by Greece ($X), with an 18% share of total exports. It was followed by Turkey, with a 2.5% share.

From 2012 to 2021, the average annual growth rate of value to Romania amounted to +17.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Greece (+49.1% per year) and Turkey (+25.5% per year).

Export Prices by Country

In 2021, the average straw for fodder balers export price amounted to $X per unit, rising by 5% against the previous year. In general, export price indicated a buoyant increase from 2012 to 2021: its price increased at an average annual rate of +7.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, straw for fodder balers export price increased by +21.0% against 2018 indices. The most prominent rate of growth was recorded in 2013 when the average export price increased by 57%. Over the period under review, the average export prices attained the peak figure at $X per unit in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Greece ($X per unit), while the average price for exports to Georgia ($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 Turkey (+11.6%), while the prices for the other major destinations experienced a decline.

Imports of Straw Or Fodder Balers, Including Pickup Balers

Imports into Bulgaria

In 2021, overseas purchases of straw or fodder balers, including pickup balers increased by 136% to X units for the first time since 2018, thus ending a two-year declining trend. In general, imports showed buoyant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, straw for fodder balers imports surged to $X in 2021. Overall, imports enjoyed a strong expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Germany (X units), Italy (X units) and France (X units) were the main suppliers of straw for fodder balers imports to Bulgaria, with a combined 59% share of total imports. These countries were followed by Romania, Poland, the UK, Russia and Belgium, which together accounted for a further 35%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Russia (with a CAGR of +58.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest straw for fodder balers suppliers to Bulgaria were Germany ($X), Italy ($X) and France ($X), together comprising 66% of total imports. These countries were followed by Romania, Poland, Belgium, Russia and the UK, which together accounted for a further 28%.

Russia, with a CAGR of +62.3%, 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

In 2021, the average straw for fodder balers import price amounted to $X per unit, growing by 16% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.3%. The pace of growth appeared the most rapid in 2013 when the average import price increased by 33%. As a result, import price attained the peak level of $X per unit. From 2014 to 2021, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Italy ($X per unit), while the price for the UK ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+2.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :