Bulgaria: Helicopter Market 2024

Helicopter Market Size in Bulgaria

For the third consecutive year, the Bulgarian helicopter market recorded growth in sales value, which increased by X% to $X in 2022. Over the period under review, consumption continues to indicate prominent growth. Over the period under review, the market attained the maximum level in 2022 and is expected to retain growth in years to come.

Helicopter Production in Bulgaria

In value terms, helicopter production contracted modestly to $X in 2022 estimated in export price. In general, production saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the production volume increased by X%. Helicopter production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Helicopter Exports

Exports from Bulgaria

In 2022, overseas shipments of civil helicopters decreased by X% to X units, falling for the second consecutive year after two years of growth. Over the period under review, exports showed a abrupt slump. The pace of growth appeared the most rapid in 2017 when exports increased by X%. As a result, the exports reached the peak of X units. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, helicopter exports dropped sharply to $X in 2022. In general, exports recorded a significant decline. The pace of growth appeared the most rapid in 2017 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The United States (X units) was the main destination for helicopter exports from Bulgaria, with a X% share of total exports. Moreover, helicopter exports to the United States exceeded the volume sent to the second major destination, Cyprus (X units), threefold. The third position in this ranking was taken by Israel (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cyprus (X% per year) and Israel (X% per year).

In value terms, Cyprus ($X) emerged as the key foreign market for civil helicopters exports from Bulgaria, comprising X% of total exports. The second position in the ranking was held by the United States ($X), with a X% share of total exports. It was followed by Australia, with a X% share.

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

Export Prices by Country

In 2022, the average helicopter export price amounted to $X per unit, reducing by X% against the previous year. In general, the export price showed a abrupt downturn. The pace of growth was the most pronounced in 2017 an increase of X%. Over the period under review, the average export prices reached the peak figure at $X,556 per unit in 2012; however, from 2013 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 Cyprus ($X per unit), while the average price for exports to Israel ($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 Israel (X%), while the prices for the other major destinations experienced more modest paces of growth.

Helicopter Imports

Imports into Bulgaria

In 2022, imports of civil helicopters into Bulgaria soared to X units, picking up by X% compared with the previous year's figure. Overall, imports posted significant growth. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, helicopter imports dropped remarkably to $X in 2022. Over the period under review, imports, however, saw a sharp decrease. The pace of growth appeared the most rapid in 2020 when imports increased by X%. Imports peaked at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Ukraine (X units) constituted the largest supplier of helicopter to Bulgaria, with a X% share of total imports. Moreover, helicopter imports from Ukraine exceeded the figures recorded by the second-largest supplier, China (X units), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Ukraine totaled X.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Israel (X% per year).

In value terms, Ukraine ($X) constituted the largest supplier of civil helicopters to Bulgaria, comprising X% of total imports. The second position in the ranking was taken by China ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Ukraine totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Israel (X% per year).

Import Prices by Country

In 2022, the average helicopter import price amounted to $X per unit, declining by X% against the previous year. Overall, the import price showed a dramatic contraction. The most prominent rate of growth was recorded in 2018 when the average import price increased by X%. Over the period under review, average import prices attained the peak figure at $X,437 per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Ukraine ($X per unit), while the price for Israel ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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