Bulgaria - Self-Propelled Earth Moving, Excavating Machinery - Market Analysis, Forecast, Size, Trends And Insights
Report Update: May 5, 2024

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

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Self-Propelled Excavating Machinery Price in Bulgaria - 2023

Contents:

  1. Self-Propelled Excavating Machinery Price in Bulgaria (CIF) - 2023
  2. Self-Propelled Excavating Machinery Price in Bulgaria (FOB) - 2022
  3. Self-Propelled Excavating Machinery Imports in Bulgaria
  4. Self-Propelled Excavating Machinery Exports in Bulgaria

Self-Propelled Excavating Machinery Price in Bulgaria (CIF) - 2023

In August 2023, the average self-propelled excavating machinery import price amounted to $191K per unit, with an increase of 158% against the previous month. Overall, the import price continues to indicate a mild expansion. The most prominent rate of growth was recorded in February 2023 when the average import price increased by 497% m-o-m. Over the period under review, average import prices hit record highs at $528K per unit in May 2023; however, from June 2023 to August 2023, import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was the Czech Republic ($268K per unit), while the price for Japan ($16,098 per unit) was amongst the lowest.

From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Turkey (+119.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Self-Propelled Excavating Machinery Price in Bulgaria (FOB) - 2022

In 2022, the average self-propelled excavating machinery export price amounted to $2,349 per unit, which is down by -55.1% against the previous year. In general, the export price faced a precipitous slump. The pace of growth appeared the most rapid in 2015 when the average export price increased by 11% against the previous year. As a result, the export price attained the peak level of $58,059 per unit. From 2016 to 2022, the average export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for North Macedonia.

From 2012 to 2022, the rate of growth in terms of prices for Slovenia amounted to -20.3% per year.

Self-Propelled Excavating Machinery Imports in Bulgaria

In 2022, supplies from abroad of self-propelled earth moving, excavating machinery increased by 394% to 484 units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports posted significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, self-propelled excavating machinery imports skyrocketed to $4.2M in 2022. In general, imports, however, recorded a relatively flat trend pattern. Over the period under review, imports hit record highs at $4.2M in 2019; afterwards, it flattened through to 2022.

Import of Self-Propelled Excavating Machinery in Bulgaria (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
AustraliaN/AN/AN/A1,5510%
Belgium34578165079031.8%
Italy23330.9N/A56534.3%
Czech Republic2,7731,2011,361447-45.6%
Austria15.711.90.6369186.4%
United KingdomN/A1813.7141-11.7%
CroatiaN/A162174134-9.1%
Others8438381,248161-42.4%
Total4,2103,2053,4374,159-0.4%

Top Suppliers of Self-Propelled Excavating Machinery to Bulgaria in 2022:

    Self-Propelled Excavating Machinery Exports in Bulgaria

    In 2022, the amount of self-propelled earth moving, excavating machinery exported from Bulgaria surged to 143 units, jumping by 46% on the previous year. Overall, exports showed a significant expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 122% against the previous year. As a result, the exports reached the peak of 162 units. From 2021 to 2022, the growth of the exports remained at a lower figure.

    In value terms, self-propelled excavating machinery exports fell sharply to $336K in 2022. Over the period under review, exports, however, showed a precipitous decline. The most prominent rate of growth was recorded in 2020 when exports increased by 50% against the previous year. As a result, the exports reached the peak of $1.3M. From 2021 to 2022, the growth of the exports failed to regain momentum.

    Export of Self-Propelled Excavating Machinery in Bulgaria (Thousand USD)
    COUNTRY2019202020212022CAGR,
    2019-2022
    North Macedonia568105102331-16.5%
    HungaryN/A124N/AN/A0%
    Croatia110N/A160N/A20.6%
    SloveniaN/A135239N/A77.0%
    LithuaniaN/A57.5N/AN/A0%
    Greece27.5684N/AN/A2387.3%
    PolandN/A18.7N/AN/A0%
    UkraineN/A82.711.6N/A-86.0%
    Others14462.6N/A5.4-66.5%
    Total8491,270513336-26.6%

    Top Export Markets for Self-Propelled Excavating Machinery from Bulgaria in 2022:

    1. North Macedonia (141.0 units)

    Source: IndexBox Market Intelligence Platform

    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:

    1. How to diversify your business and benefit from new market opportunities
    2. How to load your idle production capacity
    3. How to boost your sales on overseas markets
    4. How to increase your profit margins
    5. How to make your supply chain more sustainable
    6. How to reduce your production and supply chain costs
    7. How to outsource production to other countries
    8. 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. 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. 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. 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. 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. 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. 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. 7. PRODUCTION

      The Latest Trends and Insights into The Industry

      1. PRODUCTION VOLUME AND VALUE
    8. 8. IMPORTS

      The Largest Import Supplying Countries

      1. IMPORTS FROM 2012–2023
      2. IMPORTS BY COUNTRY
      3. IMPORT PRICES BY COUNTRY
    9. 9. EXPORTS

      The Largest Destinations for Exports

      1. EXPORTS FROM 2012–2023
      2. EXPORTS BY COUNTRY
      3. EXPORT PRICES BY COUNTRY
    10. 10. PROFILES OF MAJOR PRODUCERS

      The Largest Producers on The Market and Their Profiles

      This Chapter is Available Only for the Professional Edition PRO
    11. 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
    12. 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
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