Bulgaria - Steering Wheels, Steering Columns And Steering Boxes - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Steering Wheels and Columns in Bulgaria - 2023
Contents:
- Price for Steering Wheels and Columns in Bulgaria (FOB) - 2023
- Price for Steering Wheels and Columns in Bulgaria (CIF) - 2023
- Exports of Steering Wheels and Columns in Bulgaria
- Imports of Steering Wheels and Columns in Bulgaria
Price for Steering Wheels and Columns in Bulgaria (FOB) - 2023
The average steering wheels and columns export price stood at $19,282 per ton in August 2023, remaining relatively unchanged against the previous month. Over the period under review, export price indicated a buoyant expansion from August 2022 to August 2023: its price increased at an average monthly rate of +7.9% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on August 2023 figures, steering wheels and columns export price increased by +8.8% against December 2022 indices. The growth pace was the most rapid in September 2022 when the average export price increased by 104% against the previous month. The export price peaked in August 2023.
Prices varied noticeably by the country of destination: the country with the highest price was Germany ($19,997 per ton), while the average price for exports to Belgium ($8,297 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+9.1%), while the prices for the other major destinations experienced a decline.
Price for Steering Wheels and Columns in Bulgaria (CIF) - 2023
The average steering wheels and columns import price stood at $16,911 per ton in August 2023, almost unchanged from the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.5%. The most prominent rate of growth was recorded in April 2023 an increase of 39% month-to-month. As a result, import price reached the peak level of $19,471 per ton. From May 2023 to August 2023, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was Mexico ($36,435 per ton), while the price for Turkey ($7,582 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Mexico (+5.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Steering Wheels and Columns in Bulgaria
In 2022, approx. 2.1K tons of steering wheels, steering columns and steering boxes were exported from Bulgaria; which is down by -9% against the year before. Overall, exports recorded a abrupt downturn. The pace of growth appeared the most rapid in 2021 when exports increased by 1.2% against the previous year.
In value terms, steering wheels and columns exports fell to $27M in 2022. In general, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 8.3%.
| Export of Steering Wheels and Columns in Bulgaria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 25.1 | 26.7 | 27.7 | 23.0 | -2.9% |
| Turkey | 0.3 | 0.6 | 1.5 | 1.4 | 67.1% |
| Belgium | 0.1 | 0.2 | 0.4 | 1.4 | 141.0% |
| Romania | 1.0 | 0.7 | 0.3 | 0.2 | -41.5% |
| Others | 1.1 | 1.7 | 1.9 | 1.5 | 10.9% |
| Total | 27.6 | 29.9 | 31.8 | 27.4 | -0.2% |
Top Export Markets for Steering Wheels and Columns from Bulgaria in 2022:
- Germany (1750.4 tons)
- Belgium (99.3 tons)
- Turkey (96.8 tons)
- Romania (40.1 tons)
Imports of Steering Wheels and Columns in Bulgaria
In 2022, the amount of steering wheels, steering columns and steering boxes imported into Bulgaria declined to 1.9K tons, which is down by -14.3% compared with the year before. In general, total imports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +6.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +25.5% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 47%. As a result, imports reached the peak of 2.2K tons, and then reduced in the following year.
In value terms, steering wheels and columns imports shrank modestly to $27M in 2022. The total import value increased at an average annual rate of +8.6% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 38%. As a result, imports attained the peak of $28M, and then declined in the following year.
| Import of Steering Wheels and Columns in Bulgaria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 14.7 | 11.5 | 13.5 | 12.3 | -5.8% |
| Turkey | 0.4 | 0.6 | 1.7 | 3.8 | 111.8% |
| China | 3.3 | 3.8 | 4.5 | 1.9 | -16.8% |
| Mexico | N/A | N/A | 0.6 | 1.7 | 183.3% |
| Poland | 0.3 | 0.8 | 1.2 | 1.5 | 71.0% |
| Norway | 0.4 | 1.1 | 1.7 | 1.0 | 35.7% |
| Hungary | 0.4 | 0.3 | 0.4 | 0.5 | 7.7% |
| Belgium | 0.1 | 0.2 | 0.2 | 0.2 | 26.0% |
| Taiwan (Chinese) | 0.2 | 0.2 | 0.2 | N/A | 0.0% |
| Others | 1.4 | 1.6 | 3.7 | 4.3 | 45.4% |
| Total | 21.2 | 20.1 | 27.8 | 27.2 | 8.7% |
Top Suppliers of Steering Wheels and Columns to Bulgaria in 2022:
- Germany (673.0 tons)
- Turkey (528.1 tons)
- Poland (139.4 tons)
- China (125.1 tons)
- Mexico (76.5 tons)
- Norway (49.8 tons)
- Hungary (42.3 tons)
- Belgium (29.7 tons)
This report provides an in-depth analysis of the market for steering wheels and columns 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 29323067 - Steering wheels, steering columns and steering boxes, parts thereof
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.
-
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
-
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
-
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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