Bulgaria: Bicycle Lighting Market 2024

Bicycle Lighting Market Size in Bulgaria

In 2022, the Bulgarian bicycle lighting market increased by X% to $X, rising for the sixth consecutive year after two years of decline. Over the period under review, consumption continues to indicate a strong expansion. Bicycle lighting consumption peaked in 2022 and is likely to continue growth in years to come.

Bicycle Lighting Exports

Exports from Bulgaria

In 2022, shipments abroad of electrical or battery operated lighting or visual signalling for bicycles was finally on the rise to reach X units after two years of decline. Overall, exports saw temperate growth. The pace of growth appeared the most rapid in 2014 when exports increased by X%. Over the period under review, the exports attained the maximum at X units in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, bicycle lighting exports contracted rapidly to $X in 2022. In general, exports saw a buoyant expansion. The pace of growth was the most pronounced in 2014 with an increase of X%. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

Exports by Country

Greece (X units), the Netherlands (X units) and North Macedonia (X units) were the main destinations of bicycle lighting exports from Bulgaria, together comprising X% of total exports.

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

In value terms, Greece ($X) remains the key foreign market for electrical or battery operated lighting or visual signalling for bicycles exports from Bulgaria, comprising X% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a X% share of total exports. It was followed by Cyprus, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Greece amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (X% per year) and Cyprus (X% per year).

Export Prices by Country

In 2022, the average bicycle lighting export price amounted to $X per unit, falling by X% against the previous year. In general, the export price, however, continues to indicate a prominent increase. The pace of growth was the most pronounced in 2019 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per unit in 2021, and then declined sharply in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per unit), while the average price for exports to Denmark ($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 Ukraine (X%), while the prices for the other major destinations experienced more modest paces of growth.

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Bicycle Lighting Imports

Imports into Bulgaria

Bicycle lighting imports into Bulgaria expanded rapidly to X units in 2022, increasing by X% against 2021 figures. Overall, total imports indicated a perceptible increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. Imports peaked at X units in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, bicycle lighting imports surged to $X in 2022. In general, imports showed strong growth. The pace of growth was the most pronounced in 2014 when imports increased by X%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

The Netherlands (X units), Germany (X units) and France (X units) were the main suppliers of bicycle lighting imports to Bulgaria, together accounting for X% of total imports.

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

In value terms, Germany ($X) constituted the largest supplier of electrical or battery operated lighting or visual signalling for bicycles to Bulgaria, comprising X% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a X% share of total imports. It was followed by France, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (X% per year) and France (X% per year).

Import Prices by Country

In 2022, the average bicycle lighting import price amounted to $X per unit, rising by X% against the previous year. Overall, the import price saw a prominent increase. The most prominent rate of growth was recorded in 2021 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per unit), while the price for the UK ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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