Bulgaria: Market for Road Tractors For Semi-Trailers 2024

Market Size for Road Tractors For Semi-Trailers in Bulgaria

The Bulgarian road tractor for semi-trailer market rose to $X in 2022, increasing by X% against the previous year. Overall, consumption recorded strong growth. Road tractor for semi-trailer consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Production of Road Tractors For Semi-Trailers in Bulgaria

In value terms, road tractor for semi-trailer production expanded modestly to $X in 2022 estimated in export price. In general, production continues to indicate a remarkable increase. The pace of growth was the most pronounced in 2017 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

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Exports of Road Tractors For Semi-Trailers

Exports from Bulgaria

In 2022, the amount of road tractors for semi-trailers exported from Bulgaria dropped to X units, with a decrease of X% on 2021. In general, exports, however, posted a strong increase. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2021, and then reduced in the following year.

In value terms, road tractor for semi-trailer exports shrank remarkably to $X in 2022. Over the period under review, exports, however, enjoyed notable growth. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X, and then shrank markedly in the following year.

Exports by Country

Georgia (X units) was the main destination for road tractor for semi-trailer exports from Bulgaria, accounting for a X% share of total exports. Moreover, road tractor for semi-trailer exports to Georgia exceeded the volume sent to the second major destination, Iran (X units), threefold. The third position in this ranking was held by Turkey (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Georgia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iran (X% per year) and Turkey (X% per year).

In value terms, Turkey ($X), Georgia ($X) and Belgium ($X) were the largest markets for road tractor for semi-trailer exported from Bulgaria worldwide, together accounting for X% of total exports. Iran, Romania, Egypt, Greece, North Macedonia, Armenia, the Netherlands, Jordan and Israel lagged somewhat behind, together comprising a further X%.

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

Export Prices by Country

The average road tractor for semi-trailer export price stood at $X per unit in 2022, shrinking by X% against the previous year. Over the period under review, the export price showed a pronounced descent. The most prominent rate of growth was recorded in 2021 when the average export price increased by X%. Over the period under review, the average export prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

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 Romania ($X per unit), while the average price for exports to Israel ($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 Turkey (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Road Tractors For Semi-Trailers

Imports into Bulgaria

In 2022, approx. X units of road tractors for semi-trailers were imported into Bulgaria; reducing by X% compared with the previous year. Overall, imports showed a mild contraction. The most prominent rate of growth was recorded in 2018 when imports increased by X%. Over the period under review, imports hit record highs at X units in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, road tractor for semi-trailer imports shrank to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Germany (X units), Belgium (X units) and the Netherlands (X units) were the main suppliers of road tractor for semi-trailer imports to Bulgaria, with a combined X% share of total imports. France, Sweden, Austria, Poland and Romania lagged somewhat behind, together comprising a further X%.

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

In value terms, Belgium ($X), Germany ($X) and the Netherlands ($X) appeared to be the largest road tractor for semi-trailer suppliers to Bulgaria, together accounting for X% of total imports. France, Sweden, Austria, Romania and Poland lagged somewhat behind, together comprising a further X%.

France, with a CAGR of X%, 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

The average road tractor for semi-trailer import price stood at $X per unit in 2022, dropping by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per unit, and then contracted in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Sweden ($X per unit), while the price for Poland ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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