Price for Tractors; (Other than Tractors of Heading No 8709) in Bulgaria - 2023

Contents:

  1. Price for Tractors; (Other than Tractors of Heading No 8709) in Bulgaria (CIF) - 2022
  2. Price for Tractors; (Other than Tractors of Heading No 8709) in Bulgaria (FOB) - 2022
  3. Imports of Tractors; (Other than Tractors of Heading No 8709) in Bulgaria
  4. Exports of Tractors; (Other than Tractors of Heading No 8709) in Bulgaria

Price for Tractors; (Other than Tractors of Heading No 8709) in Bulgaria (CIF) - 2022

In 2022, the average import price for tractors; (other than tractors of heading no 8709)s amounted to $29,470 per unit, growing by 3.9% against the previous year. Over the period under review, the import price, however, continues to indicate a abrupt curtailment. The pace of growth was the most pronounced in 2020 an increase of 24%. Over the period under review, average import prices hit record highs at $49,027 per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Sweden ($85,758 per unit), while the price for Japan ($1,802 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+4.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Tractors; (Other than Tractors of Heading No 8709) in Bulgaria (FOB) - 2022

In 2022, the average export price for tractors; (other than tractors of heading no 8709)s amounted to $36,813 per unit, approximately mirroring the previous year. In general, the export price recorded a slight setback. The pace of growth was the most pronounced in 2021 an increase of 41% against the previous year. Over the period under review, the average export prices reached the peak figure at $43,193 per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Romania ($68,450 per unit), while the average price for exports to Egypt ($2,271 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+11.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Tractors; (Other than Tractors of Heading No 8709) in Bulgaria

In 2022, imports of tractors; (other than tractors of heading no 8709)s into Bulgaria soared to 19K units, picking up by 41% on the previous year. Over the period under review, imports recorded a resilient expansion. The most prominent rate of growth was recorded in 2021 with an increase of 79%. Over the period under review, imports of hit record highs in 2022 and are likely to see gradual growth in years to come.

In value terms, imports of tractors; (other than tractors of heading no 8709)s skyrocketed to $574M in 2022. In general, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +11.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +85.9% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Tractors; (Other than Tractors of Heading No 8709) in Bulgaria (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Germany85.161.188.214419.2%
Italy93.675.384.81177.7%
France36.535.549.310140.4%
Belgium62.128.156.259.0-1.7%
Netherlands40.244.129.725.6-14.0%
Turkey15.57.112.518.15.3%
Poland5.24.211.017.750.4%
Austria11.36.87.416.814.1%
Sweden24.218.114.312.3-20.2%
Romania16.29.211.710.5-13.5%
Japan5.14.25.07.614.2%
South Korea3.22.83.15.016.0%
China1.20.22.00.7-16.4%
Others18.112.216.938.128.2%
Total41730939257411.2%

Top Suppliers of Tractors; (Other than Tractors of Heading No 8709) to Bulgaria in 2022:

  1. Germany (4.3K units)
  2. Japan (4.2K units)
  3. Italy (4.0K units)
  4. France (1.5K units)
  5. Belgium (0.9K units)
  6. Turkey (0.6K units)
  7. Romania (0.5K units)
  8. Poland (0.5K units)
  9. Netherlands (0.4K units)
  10. South Korea (0.4K units)
  11. Austria (0.3K units)
  12. Sweden (0.1K units)
  13. China (0.1K units)

Exports of Tractors; (Other than Tractors of Heading No 8709) in Bulgaria

In 2022, the amount of tractors; (other than tractors of heading no 8709)s exported from Bulgaria expanded rapidly to 6.3K units, increasing by 10% compared with the year before. The total export volume increased at an average annual rate of +7.0% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 19%. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, exports of tractors; (other than tractors of heading no 8709)s amounted to $233M in 2022. Over the period under review, total exports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +12.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +84.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 68% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the immediate term.

Export of Tractors; (Other than Tractors of Heading No 8709) in Bulgaria (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Romania12392.61531301.9%
Turkey0.20.213.442.3495.8%
Georgia6.910.110.517.235.6%
Armenia1.31.41.35.258.7%
Ukraine0.40.20.43.4104.1%
Greece2.22.84.33.314.5%
Jordan0.20.60.73.3154.6%
Iran2.92.05.92.8-1.2%
Netherlands1.71.11.21.93.8%
Belgium12.23.27.51.7-48.2%
North Macedonia1.31.41.91.67.2%
Moldova0.70.90.91.631.7%
Egypt2.21.21.80.3-48.5%
Others10.68.48.518.119.5%
Total16612621123312.0%

Top Export Markets for Tractors; (Other than Tractors of Heading No 8709) from Bulgaria in 2022:

  1. Romania (1904.0 units)
  2. Georgia (1413.0 units)
  3. Turkey (659.0 units)
  4. Greece (441.0 units)
  5. Iran (286.0 units)
  6. Jordan (245.0 units)
  7. Armenia (193.0 units)
  8. Ukraine (141.0 units)
  9. Egypt (123.0 units)
  10. Moldova (123.0 units)
  11. North Macedonia (113.0 units)
  12. Netherlands (84.0 units)
  13. Belgium (61.0 units)

Source: IndexBox Market Intelligence Platform

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