Bulgaria: Escalator Market 2023

Escalator Market Size in Bulgaria

In 2021, the Bulgarian escalator market increased by 130% to $X for the first time since 2018, thus ending a two-year declining trend. In general, consumption, however, showed a abrupt downturn. Escalator consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Escalator Production in Bulgaria

In value terms, escalator production stood at $X in 2021 estimated in export price. Over the period under review, production recorded a slight expansion. The growth pace was the most rapid in 2015 with an increase of 90%. Over the period under review, production hit record highs at $X in 2016; however, from 2017 to 2021, production failed to regain momentum.

Escalator Exports

Exports from Bulgaria

In 2021, overseas shipments of escalators and moving walkways increased by 143% to X units, rising for the second year in a row after two years of decline. Over the period under review, exports enjoyed a resilient increase. The most prominent rate of growth was recorded in 2020 with an increase of 250% against the previous year. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the near future.

In value terms, escalator exports skyrocketed to $X in 2021. Overall, exports, however, showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 with an increase of 118% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Ukraine (X units) was the main destination for escalator exports from Bulgaria, accounting for a 88% share of total exports. Moreover, escalator exports to Ukraine exceeded the volume sent to the second major destination, North Macedonia (X units), eightfold.

From 2012 to 2021, the average annual growth rate of volume to Ukraine amounted to +35.1%.

In value terms, Ukraine ($X) remains the key foreign market for escalator exports from Bulgaria, comprising 86% of total exports. The second position in the ranking was taken by North Macedonia ($X), with a 14% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Ukraine stood at +13.4%.

Export Prices by Country

The average escalator export price stood at $X per unit in 2021, declining by -33.2% against the previous year. Over the period under review, the export price recorded a abrupt contraction. The most prominent rate of growth was recorded in 2016 an increase of 16%. The export price peaked at $X per unit in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

Average prices varied noticeably for the major export markets. In 2021, the country with the highest price was North Macedonia ($X per unit), while the average price for exports to Ukraine amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Romania (+6.6%), while the prices for the other major destinations experienced mixed trend patterns.

Escalator Imports

Imports into Bulgaria

Escalator imports into Bulgaria was estimated at X units in 2021, surging by 15% on the previous year. Overall, imports, however, showed a perceptible downturn. The most prominent rate of growth was recorded in 2018 with an increase of 442% against the previous year. Imports peaked at X units in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, escalator imports fell sharply to $X in 2021. In general, imports, however, saw a deep setback. The most prominent rate of growth was recorded in 2018 with an increase of 468%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

China (X units), Finland (X units) and Italy (X units) were the main suppliers of escalator imports to Bulgaria, together comprising 59% of total imports. Austria, Sweden, Slovakia and Germany lagged somewhat behind, together accounting for a further 40%.

From 2012 to 2021, the biggest increases were in Germany (with a CAGR of +100.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of escalator to Bulgaria, comprising 34% of total imports. The second position in the ranking was held by Austria ($X), with a 16% share of total imports. It was followed by Germany, with a 16% share.

From 2012 to 2021, the average annual growth rate of value from China totaled -23.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (-2.9% per year) and Germany (+81.7% per year).

Import Prices by Country

In 2021, the average escalator import price amounted to $X per unit, declining by -33.5% against the previous year. Over the period under review, the import price faced a abrupt decline. The most prominent rate of growth was recorded in 2016 when the average import price increased by 26%. The import price peaked at $X per unit in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Spain ($X per unit), while the price for Sweden ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+17.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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