
Bulgaria - Railway or Tramway Goods Vans and Wagons (Not Self-Propelled) - Market Analysis, Forecast, Size, Trends and Insights
Bulgaria: Railway Goods Wagon Market 2023
Railway Goods Wagon Market Size in Bulgaria
In 2021, the Bulgarian railway goods wagon market decreased by -23.2% to $X for the first time since 2018, thus ending a two-year rising trend. Overall, consumption, however, posted a significant expansion. As a result, consumption reached the peak level of $X, and then dropped notably in the following year.
Railway Goods Wagon Production in Bulgaria
In value terms, railway goods wagon production skyrocketed to $X in 2021 estimated in export price. Over the period under review, production saw strong growth. The pace of growth appeared the most rapid in 2020 when the production volume increased by 58%. Over the period under review, production hit record highs in 2021 and is expected to retain growth in the near future.
Railway Goods Wagon Exports
Exports from Bulgaria
In 2021, shipments abroad of railway or tramway goods vans and wagons (not self-propelled) increased by 111% to X units, rising for the fifth consecutive year after two years of decline. In general, exports continue to indicate a strong increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, railway goods wagon exports soared to $X in 2021. Overall, exports continue to indicate a resilient expansion. The growth pace was the most rapid in 2018 with an increase of 100%. The exports peaked in 2021 and are expected to retain growth in the immediate term.
Exports by Country
Germany (X units), Poland (X units) and Slovakia (X units) were the main destinations of railway goods wagon exports from Bulgaria, with a combined 94% share of total exports.
From 2012 to 2021, the biggest increases were recorded for Slovakia (with a CAGR of +28.3%), while shipments for the other leaders experienced more modest paces of growth.
In value terms, Germany ($X) remains the key foreign market for railway or tramway goods vans and wagons (not self-propelled) exports from Bulgaria, comprising 76% of total exports. The second position in the ranking was held by Poland ($X), with an 18% share of total exports. It was followed by Slovakia, with a 1.7% share.
From 2012 to 2021, the average annual growth rate of value to Germany totaled +7.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+16.2% per year) and Slovakia (+8.2% per year).
Export Prices by Country
The average railway goods wagon export price stood at $X per unit in 2021, which is down by -33.9% against the previous year. Overall, the export price showed a pronounced shrinkage. The growth pace was the most rapid in 2016 when the average export price increased by 33% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2017 to 2021, the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Germany ($X per unit), while the average price for exports to Romania ($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 North Macedonia (+5.9%), while the prices for the other major destinations experienced a decline.
Railway Goods Wagon Imports
Imports into Bulgaria
In 2021, the amount of railway or tramway goods vans and wagons (not self-propelled) imported into Bulgaria skyrocketed to X units, surging by 85% on the previous year. Over the period under review, imports posted a strong expansion. The growth pace was the most rapid in 2019 when imports increased by 227%. Imports peaked at X units in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.
In value terms, railway goods wagon imports soared to $X in 2021. In general, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when imports increased by 224% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.
Imports by Country
In 2021, Hungary (X units) constituted the largest supplier of railway goods wagon to Bulgaria, accounting for a 57% share of total imports. Moreover, railway goods wagon imports from Hungary exceeded the figures recorded by the second-largest supplier, Russia (X units), twofold. Slovakia (X units) ranked third in terms of total imports with a 17% share.
From 2012 to 2021, the average annual growth rate of volume from Hungary was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (+35.4% per year) and Slovakia (+9.4% per year).
In value terms, Hungary ($X) constituted the largest supplier of railway or tramway goods vans and wagons (not self-propelled) to Bulgaria, comprising 72% of total imports. The second position in the ranking was taken by Russia ($X), with a 14% share of total imports. It was followed by Slovakia, with a 14% share.
From 2012 to 2021, the average annual growth rate of value from Hungary was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (+49.0% per year) and Slovakia (-11.3% per year).
Import Prices by Country
In 2021, the average railway goods wagon import price amounted to $X per unit, waning by -15.3% against the previous year. In general, the import price continues to indicate a abrupt descent. The pace of growth appeared the most rapid in 2018 when the average import price increased by 155% against the previous year. As a result, import price attained the peak level of $X per unit. From 2019 to 2021, the average import prices remained at a lower figure.
Prices varied noticeably country of origin: the country with the highest price was Hungary ($X per unit), while the price for North Macedonia ($X per unit) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (+8.6%), while the prices for the other major suppliers experienced mixed trend patterns.
Base Year | Historical Period | Forecast Period | Units |
---|---|---|---|
2022 | 2012-2022 | 2023-2030 | US$, Tons |
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the railway goods wagon 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.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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