Bulgaria: Railway Goods Wagon Market Overview 2021

Railway Goods Wagon Market Size in Bulgaria

For the third consecutive year, the Bulgarian railway goods wagon market recorded growth in sales value, which increased by X% to $X in 2020. The market value increased at an average annual rate of +X% from 2007 to 2020; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2009 with an increase of X% year-to-year. As a result, consumption attained the peak level of $X. From 2010 to 2020, the growth of the market remained at a somewhat lower figure.

Railway Goods Wagon Production in Bulgaria

In value terms, railway goods wagon production rose to $X in 2020 estimated in export prices. Overall, the total production indicated a temperate increase from 2007 to 2020: its value decreased at an average annual rate of -X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, production increased by +X% against 2007 indices. The growth pace was the most rapid in 2012 with an increase of X% y-o-y. Railway goods wagon production peaked in 2020 and is likely to see gradual growth in years to come.

Railway Goods Wagon Exports

Exports from Bulgaria

In 2020, approx. X units of railway or tramway goods vans and wagons (not self-propelled) were exported from Bulgaria; which is down by -X% against the previous year's figure. Over the period under review, exports recorded a drastic downturn. The growth pace was the most rapid in 2017 with an increase of X% y-o-y. Over the period under review, exports attained the peak figure at X units in 2007; however, from 2008 to 2020, exports stood at a somewhat lower figure.

In value terms, railway goods wagon exports contracted slightly to $X in 2020. Overall, exports saw a mild expansion. The most prominent rate of growth was recorded in 2018 when exports increased by X% y-o-y. Over the period under review, exports reached the maximum at $X in 2019, and then declined slightly in the following year.

Exports by Country

Germany (X units), Serbia (X units) and the Czech Republic (X units) were the main destinations of railway goods wagon exports from Bulgaria, with a combined X% share of total exports.

From 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Serbia, while exports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the key foreign market for railway goods wagon exports from Bulgaria, comprising X% of total exports. The second position in the ranking was occupied by Austria ($X), with a X% share of total exports. It was followed by Slovakia, with a X% share.

From 2007 to 2020, the average annual growth rate of value to Germany stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (+X% per year) and Slovakia (+X% per year).

Export Prices by Country

In 2020, the average railway goods wagon export price amounted to $X per unit, picking up by X% against the previous year. In general, the export price showed a buoyant expansion. The pace of growth appeared the most rapid in 2018 an increase of X% year-to-year. Over the period under review, average export prices reached the maximum in 2020 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2020, the country with the highest price was Austria ($X per unit), while the average price for exports to Serbia ($X per unit) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Poland, while the prices for the other major destinations experienced more modest paces of growth.

Railway Goods Wagon Imports

Imports into Bulgaria

In 2020, overseas purchases of railway or tramway goods vans and wagons (not self-propelled) decreased by -X% to X units for the first time since 2016, thus ending a three-year rising trend. In general, imports, however, recorded a mild increase. The most prominent rate of growth was recorded in 2009 when imports increased by X% year-to-year. As a result, imports attained the peak of X units. From 2010 to 2020, the growth imports failed to regain the momentum.

In value terms, railway goods wagon imports fell rapidly to $X in 2020. Over the period under review, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2009 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2010 to 2020, the growth imports remained at a lower figure.

Imports by Country

In 2020, Romania (X units) was the main supplier of railway goods wagon to Bulgaria, with a X% share of total imports. Moreover, railway goods wagon imports from Romania exceeded the figures recorded by the second-largest supplier, Russia (X units), ninefold.

From 2007 to 2020, the average annual rate of growth in terms of volume from Romania totaled +X%.

In value terms, Romania ($X) constituted the largest supplier of railway goods wagon to Bulgaria, comprising X% of total imports. The second position in the ranking was occupied by Russia ($X), with a X% share of total imports.

From 2007 to 2020, the average annual rate of growth in terms of value from Romania totaled +X%.

Import Prices by Country

The average railway goods wagon import price stood at $X per unit in 2020, reducing by -X% against the previous year. Overall, the import price recorded a mild descent. The most prominent rate of growth was recorded in 2016 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per unit. From 2017 to 2020, the growth in terms of the average import prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Romania ($X per unit), while the price for Russia amounted to $X per unit.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Russia.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for railway or tramway goods vans and wagons (not self-propelled) in the world?

+

Kenya (3.3M units) constituted the country with the largest volume of railway goods wagon consumption, comprising approx. 72% of total volume. Moreover, railway goods wagon consumption in Kenya exceeded the figures recorded by the second-largest consumer, the U.S. (805K units), fourfold. The third position in this ranking was occupied by Brazil (82K units), with a 1.8% share.

What are the largest producers of railway or tramway goods vans and wagons (not self-propelled) in the world?

+

The countries with the highest volumes of railway goods wagon production in 2020 were China (83K units), Brazil (82K units) and Mexico (38K units), together comprising 40% of global production.

What are the leading suppliers of railway or tramway goods vans and wagons (not self-propelled) to Bulgaria?

+

In value terms, Romania ($1.4M) constituted the largest supplier of railway goods wagon to Bulgaria, comprising 98% of total imports. The second position in the ranking was occupied by Russia ($35K), with a 2.5% share of total imports.

What are the leading importers of railway or tramway goods vans and wagons (not self-propelled) from Bulgaria?

+

In value terms, Germany ($46M) remains the key foreign market for railway goods wagon exports from Bulgaria, comprising 58% of total exports. The second position in the ranking was occupied by Austria ($17M), with a 21% share of total exports. It was followed by Slovakia, with a 7.6% share.

What is the average export price for railway or tramway goods vans and wagons (not self-propelled) in Bulgaria?

+

In 2020, the average railway goods wagon export price amounted to $147,000 per unit, picking up by 4.3% against the previous year.

What is the average import price for railway or tramway goods vans and wagons (not self-propelled) in Bulgaria?

+

In 2020, the average railway goods wagon import price amounted to $48,099 per unit, reducing by -23.1% against the previous year.