Bulgaria: Market for Road-Sweepers, Mobile Workshops and Other Special Purpose Vehicles 2024

Market Size for Road-Sweepers, Mobile Workshops and Other Special Purpose Vehicles in Bulgaria

The Bulgarian market for road-sweepers, mobile workshops and other special purpose vehicles surged to $X in 2021, picking up by 36% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, the total consumption indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +6.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Exports of Road-Sweepers, Mobile Workshops and Other Special Purpose Vehicles

Exports from Bulgaria

In 2021, the amount of road-sweepers, mobile workshops and other special purpose vehicles exported from Bulgaria expanded rapidly to X units, growing by 14% on 2020 figures. Overall, exports, however, saw a deep reduction. The pace of growth appeared the most rapid in 2016 with an increase of 41% against the previous year. The exports peaked at X units in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, exports of road-sweepers, mobile workshops and other special purpose vehicles shrank dramatically to $X in 2021. Over the period under review, exports, however, continue to indicate a noticeable shrinkage. The pace of growth was the most pronounced in 2020 with an increase of 64% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Greece (X units), Georgia (X units) and Romania (X units) were the main destinations of exports of road-sweepers, mobile workshops and other special purpose vehicles from Bulgaria, with a combined 72% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Greece (with a CAGR of +23.1%), while the other leaders experienced more modest paces of growth.

In value terms, Romania ($X) remains the key foreign market for road-sweepers, mobile workshops and other special purpose vehicles exports from Bulgaria, comprising 41% of total exports. The second position in the ranking was held by Hungary ($X), with a 7.3% share of total exports. It was followed by Kosovo, with a 7.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Romania amounted to -7.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (+4.3% per year) and Kosovo (0.0% per year).

Export Prices by Country

The average export price for road-sweepers, mobile workshops and other special purpose vehicles stood at $X per unit in 2021, declining by -26.8% against the previous year. Overall, export price indicated a mild increase from 2012 to 2021: its price increased at an average annual rate of +1.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, export price for road-sweepers, mobile workshops and other special purpose vehicles decreased by -32.0% against 2017 indices. The pace of growth was the most pronounced in 2017 when the average export price increased by 131% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2018 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Croatia ($X per unit), while the average price for exports to Iraq ($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 Croatia (+20.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Road-Sweepers, Mobile Workshops and Other Special Purpose Vehicles

Imports into Bulgaria

In 2021, supplies from abroad of road-sweepers, mobile workshops and other special purpose vehicles increased by 34% to X units, rising for the fourth year in a row after two years of decline. In general, total imports indicated a pronounced increase from 2012 to 2021: its volume increased at an average annual rate of +4.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +43.4% against 2017 indices. The most prominent rate of growth was recorded in 2013 when imports increased by 44% against the previous year. Over the period under review, imports of attained the maximum at X units in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

In value terms, imports of road-sweepers, mobile workshops and other special purpose vehicles surged to $X in 2021. Over the period under review, total imports indicated a measured expansion from 2012 to 2021: its value increased at an average annual rate of +4.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when imports increased by 39%. Imports peaked in 2021 and are likely to see gradual growth in the immediate term.

Imports by Country

Germany (X units), the UK (X units) and Austria (X units) were the main suppliers of imports of road-sweepers, mobile workshops and other special purpose vehicles to Bulgaria, together accounting for 61% of total imports. Italy, the Netherlands, Turkey, Switzerland, Belarus, Serbia, Romania, Belgium and Norway lagged somewhat behind, together accounting for a further 33%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Belarus (with a CAGR of +71.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Italy ($X) and the UK ($X) constituted the largest road-sweepers, mobile workshops and other special purpose vehicles suppliers to Bulgaria, with a combined 61% share of total imports. Romania, Turkey, Austria, the Netherlands, Belgium, Serbia, Switzerland, Belarus and Norway lagged somewhat behind, together comprising a further 27%.

Belarus, with a CAGR of +49.1%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average import price for road-sweepers, mobile workshops and other special purpose vehicles amounted to $X per unit, falling by -1.6% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 34%. 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 by country of origin: amid the top importers, the country with the highest price was Romania ($X per unit), while the price for Belarus ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Romania (+17.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :