Bulgaria: Market for Self-Propelled Fork-Lift Trucks with Non-Electric Motor 2024

Market Size for Self-Propelled Fork-Lift Trucks with Non-Electric Motor in Bulgaria

The Bulgarian self-propelled non-electric fork-lift truck market soared to $X in 2022, with an increase of X% against the previous year. In general, the total consumption indicated a prominent increase 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. Over the period under review, the market attained the peak level in 2022 and is likely to see gradual growth in years to come.

Production of Self-Propelled Fork-Lift Trucks with Non-Electric Motor in Bulgaria

In value terms, self-propelled non-electric fork-lift truck production contracted sharply to $X in 2022 estimated in export price. Overall, production saw a sharp contraction. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

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Exports of Self-Propelled Fork-Lift Trucks with Non-Electric Motor

Exports from Bulgaria

In 2022, exports of self-propelled fork-lift trucks with non-electric motor from Bulgaria soared to X units, increasing by X% on the previous year. In general, exports continue to indicate a resilient expansion. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, self-propelled non-electric fork-lift truck exports fell to $X in 2022. Overall, exports enjoyed a resilient expansion. The growth pace was the most rapid in 2014 with an increase of X%. Over the period under review, the exports attained the maximum at $X in 2021, and then contracted in the following year.

Exports by Country

Romania (X units) was the main destination for self-propelled non-electric fork-lift truck exports from Bulgaria, with a X% share of total exports. Moreover, self-propelled non-electric fork-lift truck exports to Romania exceeded the volume sent to the second major destination, Greece (X units), threefold. Slovakia (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Romania amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Greece (X% per year) and Slovakia (X% per year).

In value terms, Romania ($X) remains the key foreign market for self-propelled fork-lift trucks with non-electric motor exports from Bulgaria, comprising X% of total exports. The second position in the ranking was taken by Slovakia ($X), with a X% share of total exports. It was followed by Serbia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Romania totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovakia (X% per year) and Serbia (X% per year).

Export Prices by Country

The average self-propelled non-electric fork-lift truck export price stood at $X per unit in 2022, declining by X% against the previous year. Overall, the export price recorded a drastic downturn. The growth pace was the most rapid in 2014 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2015 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Slovenia ($X per unit), while the average price for exports to Greece ($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 Greece (X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Self-Propelled Fork-Lift Trucks with Non-Electric Motor

Imports into Bulgaria

For the fourth consecutive year, Bulgaria recorded growth in purchases abroad of self-propelled fork-lift trucks with non-electric motor, which increased by X% to X units in 2022. In general, imports continue to indicate resilient growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, self-propelled non-electric fork-lift truck imports skyrocketed to $X in 2022. Overall, imports continue to indicate a prominent expansion. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X units) constituted the largest self-propelled non-electric fork-lift truck supplier to Bulgaria, with a X% share of total imports. Moreover, self-propelled non-electric fork-lift truck imports from China exceeded the figures recorded by the second-largest supplier, Japan (X units), twofold. The third position in this ranking was taken by the UK (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (X% per year) and the UK (X% per year).

In value terms, the largest self-propelled non-electric fork-lift truck suppliers to Bulgaria were China ($X), France ($X) and the UK ($X), with a combined X% share of total imports.

The UK, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average self-propelled non-electric fork-lift truck import price stood at $X per unit in 2022, waning by X% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per unit. From 2019 to 2022, 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 France ($X per unit), while the price for Japan ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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