Bulgaria - Motor Vehicle Engines (Spark-Ignition) - Market Analysis, Forecast, Size, Trends and Insights
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View PricingMotor Vehicle Engine Price in Bulgaria - 2023
Contents:
- Motor Vehicle Engine Price in Bulgaria (CIF) - 2022
- Motor Vehicle Engine Price in Bulgaria (FOB) - 2022
- Motor Vehicle Engine Imports in Bulgaria
- Motor Vehicle Engine Exports in Bulgaria
Motor Vehicle Engine Price in Bulgaria (CIF) - 2022
The average motor vehicle engine import price stood at $23 per unit in 2022, reducing by -10.4% against the previous year. Overall, import price indicated a prominent expansion from 2012 to 2022: its price increased at an average annual rate of +6.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, motor vehicle engine import price increased by +16.0% against 2020 indices. The pace of growth appeared the most rapid in 2015 an increase of 44%. The import price peaked at $27 per unit in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.
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 the Czech Republic ($46 per unit), while the price for China ($3.2 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Greece (+6.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Motor Vehicle Engine Price in Bulgaria (FOB) - 2022
In 2022, the average motor vehicle engine export price amounted to $2.1 per unit, jumping by 28% against the previous year. Over the period under review, the export price recorded a strong increase. The most prominent rate of growth was recorded in 2019 an increase of 127% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in the near future.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($24 per unit), while the average price for exports to Egypt ($0.5 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 Mauritania (+95.0%), while the prices for the other major destinations experienced more modest paces of growth.
Motor Vehicle Engine Imports in Bulgaria
Motor vehicle engine imports into Bulgaria surged to 62K units in 2022, growing by 62% on 2021. In general, imports showed a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, motor vehicle engine imports soared to $1.4M in 2022. Over the period under review, imports showed a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Motor Vehicle Engine in Bulgaria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 377 | 301 | 190 | 401 | 2.1% |
| Slovakia | N/A | 160 | 246 | 301 | 37.2% |
| Czech Republic | 14.8 | 9.9 | 38.6 | 166 | 123.8% |
| France | 85.7 | 37.6 | 34.9 | 148 | 20.0% |
| Hungary | 74.7 | 110 | 88.1 | 108 | 13.1% |
| United Kingdom | 6.5 | 1.7 | 224 | 94.0 | 143.6% |
| Austria | 16.9 | 13.4 | 18.7 | 54.9 | 48.1% |
| Greece | 1.8 | N/A | 30.8 | 49.6 | 202.0% |
| Netherlands | 15.7 | 27.2 | 13.7 | 16.2 | 1.1% |
| China | 31.8 | 75.0 | 10.8 | 12.5 | -26.7% |
| Russia | 7.8 | 9.4 | 6.6 | 12.2 | 16.1% |
| Belarus | 7.2 | N/A | 0.6 | 9.8 | 10.8% |
| United States | 14.0 | 1.0 | 4.6 | 8.2 | -16.3% |
| Others | 110 | 93.0 | 77.1 | 44.2 | -26.2% |
| Total | 764 | 839 | 985 | 1,425 | 23.1% |
Top Suppliers of Motor Vehicle Engine to Bulgaria in 2022:
- United Kingdom (13.2K units)
- Germany (11.8K units)
- Slovakia (9.8K units)
- France (4.9K units)
- China (3.9K units)
- Czech Republic (3.6K units)
- Hungary (2.6K units)
- Russia (2.3K units)
- Greece (1.9K units)
- Austria (1.8K units)
- United States (1.6K units)
- Belarus (1.1K units)
- Netherlands (1.0K units)
Motor Vehicle Engine Exports in Bulgaria
In 2022, overseas shipments of motor vehicle engines (spark-ignition) decreased by -69.4% to 54K units, falling for the second consecutive year after two years of growth. Over the period under review, exports faced a precipitous curtailment. The most prominent rate of growth was recorded in 2020 with an increase of 10% against the previous year. As a result, the exports reached the peak of 217K units. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, motor vehicle engine exports contracted significantly to $114K in 2022. In general, exports showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 when exports increased by 40%. As a result, the exports reached the peak of $296K. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
| Export of Motor Vehicle Engine in Bulgaria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | N/A | N/A | 35.5 | 33.4 | -5.9% |
| United Kingdom | N/A | N/A | 109 | 23.5 | -78.4% |
| Azerbaijan | 1.7 | N/A | 2.3 | 16.4 | 112.9% |
| Egypt | 37.8 | 28.9 | 25.4 | 9.8 | -36.2% |
| Turkey | 141 | 208 | 32.9 | 9.3 | -59.6% |
| Georgia | 18.7 | 2.5 | 1.1 | 6.3 | -30.4% |
| Mauritania | 1.2 | 0.7 | 2.2 | 5.5 | 66.1% |
| Iraq | 6.0 | 2.4 | 0.7 | N/A | -65.8% |
| Nigeria | N/A | 10.2 | 8.8 | N/A | -13.7% |
| Jordan | N/A | 7.5 | N/A | N/A | 0% |
| Romania | N/A | 27.3 | N/A | N/A | 0% |
| Ghana | N/A | N/A | 18.4 | N/A | 0% |
| Others | 5.2 | 7.9 | 53.7 | 9.7 | 23.1% |
| Total | 212 | 296 | 290 | 114 | -18.7% |
Top Export Markets for Motor Vehicle Engine from Bulgaria in 2022:
- Azerbaijan (21.2K units)
- Egypt (19.3K units)
- Georgia (6.5K units)
- Germany (2.1K units)
- Mauritania (1.7K units)
- Turkey (1.0K units)
- United Kingdom (1.0K units)
This report provides an in-depth analysis of the motor vehicle engine market in Bulgaria. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 29101100 - Spark-ignition reciprocating internal combustion piston engines, for the vehicles of HS .87 (excluding motorcycles), of a cylinder capacity . 1 .000 cm.
- Prodcom 29101200 - Spark-ignition reciprocating internal combustion piston engines, for the vehicles of HS .87 (excluding motorcycles), of a cylinder capacity > 1 .000 cm.
Country coverage:
- Bulgaria
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Bulgaria
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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