Bulgaria: Threshing Machinery Market Overview 2020

Threshing Machinery Market Size in Bulgaria

The revenue of the threshing machinery market in Bulgaria amounted to $X in 2018, lowering by -X% against the previous year. Overall, threshing machinery consumption, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the market value increased by X% against the previous year. In that year, the threshing machinery market attained its peak level of $X. From 2015 to 2018, the growth of the threshing machinery market remained at a somewhat lower figure.

Threshing Machinery Production in Bulgaria

In value terms, threshing machinery production stood at $X in 2018 estimated in export prices. Overall, threshing machinery production, however, continues to indicate a drastic downturn. The most prominent rate of growth was recorded in 2014 when production volume increased by X% y-o-y. In that year, threshing machinery production attained its peak level of $X. From 2015 to 2018, threshing machinery production growth remained at a lower figure.

Threshing Machinery Exports

Exports from Bulgaria

Threshing machinery exports from Bulgaria stood at X units in 2018, approximately mirroring the previous year. Overall, threshing machinery exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 when exports increased by X% against the previous year. Exports peaked at X units in 2012; however, from 2013 to 2018, exports remained at a lower figure.

In value terms, threshing machinery exports amounted to $X in 2018. Over the period under review, threshing machinery exports continue to indicate a drastic contraction. The pace of growth was the most pronounced in 2011 when exports increased by X% y-o-y. Exports peaked at $X in 2013; however, from 2014 to 2018, exports remained at a lower figure.

Exports by Country

Greece (X units) was the main destination for threshing machinery exports from Bulgaria, accounting for a X% share of total exports. Moreover, threshing machinery exports to Greece exceeded the volume sent to the second major destination, Italy (X units), threefold. Romania (X units) ranked third in terms of total exports with a X% share.

From 2007 to 2018, the average annual growth rate of volume to Greece amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+X% per year) and Romania (+X% per year).

In value terms, Italy ($X), Romania ($X) and Greece ($X) appeared to be the largest markets for threshing machinery exported from Bulgaria worldwide, together comprising X% of total exports.

Among the main countries of destination, Italy recorded the highest growth rate of exports, over the last eleven years, while the other leaders experienced a decline.

Export Prices by Country

In 2018, the average threshing machinery export price amounted to $X per unit, surging by X% against the previous year. In general, the threshing machinery export price, however, continues to indicate an abrupt decline. The growth pace was the most rapid in 2018 an increase of X% year-to-year. Over the period under review, the average export prices for threshing machinery except combine harvester-threshers reached their peak figure at $X per unit in 2007; however, from 2008 to 2018, export prices failed to regain their momentum.

Prices varied noticeably by the country of destination; the country with the highest price was Romania ($X per unit), while the average price for exports to France ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Romania, while the prices for the other major destinations experienced a decline.

Threshing Machinery Imports

Imports into Bulgaria

Threshing machinery imports into Bulgaria totaled X units in 2018, increasing by X% against the previous year. In general, threshing machinery imports continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2008 with an increase of X% against the previous year. Over the period under review, threshing machinery imports reached their maximum in 2018 and are likely to continue its growth in the near future.

In value terms, threshing machinery imports stood at $X in 2018. Over the period under review, threshing machinery imports continue to indicate a remarkable expansion. The most prominent rate of growth was recorded in 2013 when imports increased by X% y-o-y. In that year, threshing machinery imports attained their peak of $X. From 2014 to 2018, the growth of threshing machinery imports remained at a lower figure.

Imports by Country

Latvia (X units), Italy (X units) and Croatia (X units) were the main suppliers of threshing machinery imports to Bulgaria, together accounting for X% of total imports. Germany, France, Russia, the UK, Poland and Serbia lagged somewhat behind, together comprising a further X 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main suppliers, was attained by Serbia, while the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Croatia ($X) and Russia ($X) were the largest threshing machinery suppliers to Bulgaria, with a combined X% share of total imports.

Croatia recorded the highest rates of growth with regard to imports, among the main suppliers over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the average threshing machinery import price amounted to $X per unit, dropping by -X% against the previous year. Overall, the threshing machinery import price continues to indicate an abrupt decrease. The growth pace was the most rapid in 2017 an increase of X% against the previous year. Over the period under review, the average import prices for threshing machinery except combine harvester-threshers reached their peak figure at $X per unit in 2007; however, from 2008 to 2018, import prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was the UK ($X per unit), while the price for France ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Russia, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform