Price for New Pneumatic Tyres, of Rubber in Bulgaria - 2022
Contents:
- Price for New Pneumatic Tyres, of Rubber in Bulgaria (CIF) - 2022
- Price for New Pneumatic Tyres, of Rubber in Bulgaria (FOB) - 2022
- Imports of New Pneumatic Tyres, of Rubber in Bulgaria
- Exports of New Pneumatic Tyres, of Rubber in Bulgaria
Price for New Pneumatic Tyres, of Rubber in Bulgaria (CIF) - 2022
In April 2022, the average import price for new pneumatic tyres, of rubbers amounted to $65.2 per unit, remaining relatively unchanged against the previous month. Over the period from April 2021 to April 2022, it increased at an average monthly rate of +1.2%. The growth pace was the most rapid in January 2022 an increase of 12% month-to-month. Over the period under review, average import prices attained the maximum at $70.7 per unit in February 2022; however, from March 2022 to April 2022, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was South Korea ($67.4 per unit), while the price for Russia ($43.1 per unit) was amongst the lowest.
From April 2021 to April 2022, the most notable rate of growth in terms of prices was attained by Hungary (+3.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for New Pneumatic Tyres, of Rubber in Bulgaria (FOB) - 2022
In April 2022, the average export price for new pneumatic tyres, of rubbers amounted to $52.8 per unit, shrinking by -5.7% against the previous month. Overall, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in January 2022 when the average export price increased by 20% against the previous month. The export price peaked at $55.9 per unit in March 2022, and then reduced in the following month.
Prices varied noticeably by the country of destination: the country with the highest price was Kosovo ($97.8 per unit), while the average price for exports to Serbia ($31.6 per unit) was amongst the lowest.
From April 2021 to April 2022, the most notable rate of growth in terms of prices was recorded for supplies to Georgia (+44.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of New Pneumatic Tyres, of Rubber in Bulgaria
In 2022, approx. 6.1M units of new pneumatic tyres, of rubbers were imported into Bulgaria; increasing by 11% compared with 2021 figures. Overall, total imports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +12.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +47.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 32% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in years to come.
In value terms, new pneumatic tyres, of rubber imports soared to $303M in 2022. In general, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +12.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +62.1% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 32% against the previous year. Imports peaked in 2022 and are likely to continue growth in years to come.
| Import of New Pneumatic Tyres, of Rubber in Bulgaria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Romania | 34.1 | 24.8 | 30.6 | 54.5 | 16.9% |
| China | 14.0 | 12.7 | 13.5 | 25.9 | 22.8% |
| Poland | 9.8 | 9.7 | 15.4 | 22.7 | 32.3% |
| Turkey | 11.1 | 9.7 | 14.2 | 19.4 | 20.5% |
| Serbia | 13.1 | 11.7 | 22.1 | 17.9 | 11.0% |
| Germany | 17.5 | 17.1 | 22.8 | 17.1 | -0.8% |
| Netherlands | 14.2 | 11.4 | 14.5 | 13.8 | -0.9% |
| Vietnam | 4.4 | 5.2 | 6.2 | 13.6 | 45.7% |
| Slovenia | 0.9 | 1.6 | 1.6 | 13.2 | 144.8% |
| Hungary | 17.0 | 15.5 | 22.3 | 12.1 | -10.7% |
| Thailand | 4.9 | 3.4 | 2.7 | 9.8 | 26.0% |
| Czech Republic | 3.4 | 3.6 | 4.6 | 7.4 | 29.6% |
| Indonesia | 1.9 | 0.8 | 0.8 | 3.2 | 19.0% |
| Others | 66.8 | 59.9 | 76.0 | 72.4 | 2.7% |
| Total | 213 | 187 | 247 | 303 | 12.5% |
Top Suppliers of New Pneumatic Tyres, of Rubber to Bulgaria in 2022:
- Vietnam (1322.8K units)
- Germany (759.6K units)
- Serbia (457.9K units)
- China (444.8K units)
- Romania (443.5K units)
- Czech Republic (402.3K units)
- Poland (326.2K units)
- Indonesia (291.4K units)
- Netherlands (263.8K units)
- Turkey (236.7K units)
- Slovenia (169.8K units)
- Hungary (155.1K units)
- Thailand (148.0K units)
Exports of New Pneumatic Tyres, of Rubber in Bulgaria
In 2022, new pneumatic tyres, of rubber exports from Bulgaria was estimated at 148K units, remaining constant against 2021 figures. The total export volume increased at an average annual rate of +11.8% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 22% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in years to come.
In value terms, new pneumatic tyres, of rubber exports rose slightly to $14M in 2022. In general, exports recorded significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 82%. Over the period under review, the exports attained the peak figure in 2022 and are likely to continue growth in the immediate term.
| Export of New Pneumatic Tyres, of Rubber in Bulgaria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Greece | 3.8 | 3.8 | 5.7 | 6.1 | 17.1% |
| Romania | 1.2 | 1.4 | 2.7 | 2.3 | 24.2% |
| Serbia | 0.2 | 0.3 | 0.6 | 0.8 | 58.7% |
| North Macedonia | 0.8 | 0.6 | 1.0 | 0.6 | -9.1% |
| Italy | 0.1 | 0.1 | 0.1 | 0.2 | 26.0% |
| Poland | N/A | 0.3 | N/A | 0.1 | -42.3% |
| Others | 0.6 | 1.3 | 3.9 | 4.3 | 92.8% |
| Total | 6.8 | 7.8 | 14.1 | 14.4 | 28.4% |
Top Export Markets for New Pneumatic Tyres, of Rubber from Bulgaria in 2022:
- Greece (93.8K units)
- Serbia (14.5K units)
- Romania (10.9K units)
- North Macedonia (7.2K units)
- Italy (2.8K units)
- Poland (1.1K units)
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