Bulgaria: Scrapers Excavator Market 2024

Scrapers Excavator Market Size in Bulgaria

The Bulgarian scrapers excavator market fell to $X in 2022, remaining relatively unchanged against the previous year. Overall, consumption, however, saw a buoyant expansion. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

Scrapers Excavator Production in Bulgaria

In value terms, scrapers excavator production declined slightly to $X in 2022 estimated in export price. Over the period under review, production, however, enjoyed buoyant growth. The most prominent rate of growth was recorded in 2018 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

Scrapers Excavator Exports

Exports from Bulgaria

In 2022, shipments abroad of scrapers earth moving, excavating, extracting machinery (not self-propelled) increased by X% to X units, rising for the third year in a row after three years of decline. The total export volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2016 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, scrapers excavator exports expanded rapidly to $X in 2022. Over the period under review, total exports indicated a modest expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, the exports attained the peak figure in 2022 and are likely to see gradual growth in years to come.

Exports by Country

Sweden (X units), the United States (X units) and Germany (X units) were the main destinations of scrapers excavator exports from Bulgaria, together comprising X% of total exports. Brazil, Australia and Canada lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Brazil (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for scrapers excavator exported from Bulgaria were Sweden ($X), the United States ($X) and Germany ($X), together comprising X% of total exports.

In terms of the main countries of destination, Germany, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average scrapers excavator export price amounted to $X per unit, approximately equating the previous year. Over the period under review, the export price continues to indicate a perceptible decrease. The most prominent rate of growth was recorded in 2021 when the average export price increased by X% against the previous year. The export price peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Australia ($X per unit), while the average price for exports to Canada ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (X%), while the prices for the other major destinations experienced more modest paces of growth.

Scrapers Excavator Imports

Imports into Bulgaria

After three years of growth, purchases abroad of scrapers earth moving, excavating, extracting machinery (not self-propelled) decreased by X% to X units in 2022. Over the period under review, imports, however, posted a buoyant increase. The pace of growth appeared the most rapid in 2019 when imports increased by X%. Imports peaked at X units in 2021, and then dropped sharply in the following year.

In value terms, scrapers excavator imports dropped rapidly to $X in 2022. In general, imports recorded a noticeable contraction. The pace of growth appeared the most rapid in 2021 with an increase of X%. As a result, imports reached the peak of $X, and then dropped sharply in the following year.

Imports by Country

In 2022, Turkey (X units) constituted the largest supplier of scrapers excavator to Bulgaria, with a X% share of total imports. Moreover, scrapers excavator imports from Turkey exceeded the figures recorded by the second-largest supplier, Serbia (X units), sevenfold. The third position in this ranking was taken by Romania (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Turkey totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Serbia (X% per year) and Romania (X% per year).

In value terms, Turkey ($X) constituted the largest supplier of scrapers earth moving, excavating, extracting machinery (not self-propelled) to Bulgaria, comprising X% of total imports. The second position in the ranking was held by Serbia ($X), with a X% share of total imports. It was followed by Italy, with an X% share.

From 2012 to 2022, the average annual growth rate of value from Turkey amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Serbia (X% per year) and Italy (X% per year).

Import Prices by Country

The average scrapers excavator import price stood at $X per unit in 2022, with a decrease of X% against the previous year. In general, the import price recorded a drastic downturn. The pace of growth appeared the most rapid in 2018 when the average import price increased by X%. The import price peaked at $X per unit in 2021, and then fell notably in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Serbia ($X per unit), while the price for the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Greece (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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