Overview of the Market for Agricultural and Construction Machinery Tire in Bulgaria
The revenue of the market for tyres for agriculture, forestry, construction, industry and other off the road vehicles in Bulgaria amounted to $ in 2018, going up by % 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 market indicated a modest increase from 2007 to 2018: its value decreased at an average annual rate of -% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, agricultural and construction machinery tire consumption increased by +% against 2016 indices. The most prominent rate of growth was recorded in 2011 with an increase of % against the previous year. Agricultural and construction machinery tire consumption peaked at $ in 2014; however, from 2015 to 2018, consumption remained at a lower figure.