Bulgaria: Special Vehicle Body Market 2024

Special Vehicle Body Market Size in Bulgaria

In 2022, the Bulgarian special vehicle body market decreased by X% to $X for the first time since 2019, thus ending a two-year rising trend. Overall, consumption, however, posted a significant increase. Special vehicle body consumption peaked at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Special Vehicle Body Production in Bulgaria

In value terms, special vehicle body production reduced slightly to $X in 2022 estimated in export price. Overall, production recorded a buoyant expansion. The growth pace was the most rapid in 2019 with an increase of X%. Special vehicle body production peaked at $X in 2021, and then dropped modestly in the following year.

Special Vehicle Body Exports

Exports from Bulgaria

In 2022, approx. X units of bodies for special purpose motor vehicles were exported from Bulgaria; rising by X% compared with 2021. In general, exports recorded a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, special vehicle body exports surged to $X in 2022. Overall, exports, however, saw a deep slump. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X units) was the main destination for special vehicle body exports from Bulgaria, with a X% share of total exports. Moreover, special vehicle body exports to the United States exceeded the volume sent to the second major destination, Georgia (X units), more than tenfold. The third position in this ranking was taken by Ghana (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Georgia (X% per year) and Ghana (X% per year).

In value terms, the United States ($X) emerged as the key foreign market for bodies for special purpose motor vehicles exports from Bulgaria, comprising X% of total exports. The second position in the ranking was held by Georgia ($X), with a X% share of total exports. It was followed by Ghana, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Georgia (X% per year) and Ghana (X% per year).

Export Prices by Country

In 2022, the average special vehicle body export price amounted to $X per unit, declining by X% against the previous year. Overall, the export price saw a sharp contraction. The most prominent rate of growth was recorded in 2020 when the average export price increased by X%. Over the period under review, the average export prices attained the maximum at $X per unit in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belgium ($X per unit), while the average price for exports to the United States ($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 Georgia (X%), while the prices for the other major destinations experienced a decline.

Special Vehicle Body Imports

Imports into Bulgaria

In 2022, the amount of bodies for special purpose motor vehicles imported into Bulgaria reduced markedly to X units, shrinking by X% on the previous year's figure. Overall, imports, however, continue to indicate resilient growth. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. Imports peaked at X units in 2021, and then reduced sharply in the following year.

In value terms, special vehicle body imports declined dramatically to $X in 2022. In general, imports, however, recorded a prominent expansion. The most prominent rate of growth was recorded in 2015 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2021, and then declined dramatically in the following year.

Imports by Country

Poland (X units), Turkey (X units) and France (X units) were the main suppliers of special vehicle body imports to Bulgaria, with a combined X% share of total imports.

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

In value terms, Poland ($X), Italy ($X) and Turkey ($X) were the largest special vehicle body suppliers to Bulgaria, with a combined X% share of total imports.

In terms of the main suppliers, Turkey, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average special vehicle body import price amounted to $X per unit, with an increase of X% against the previous year. Overall, the import price, however, showed a slight decline. The growth pace was the most rapid in 2017 when the average import price increased by X% against the previous year. The import price peaked at $X per unit in 2013; however, from 2014 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 Italy ($X per unit), while the price for Switzerland ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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