Bulgaria: Motor Boat Market 2022

Motor Boat Market Size in Bulgaria

The Bulgarian motor boat market contracted dramatically to $X in 2021, with a decrease of -X% against the previous year. In general, consumption saw a pronounced setback. Motor boat consumption peaked at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Motor Boat Production in Bulgaria

In value terms, motor boat production reduced to $X in 2021 estimated in export price. In general, production saw a slight descent. The most prominent rate of growth was recorded in 2014 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2021, production growth remained at a somewhat lower figure.

Motor Boat Exports

Exports from Bulgaria

In 2021, the amount of motor boats and motor yachts, for pleasure or sports exported from Bulgaria soared to X units, growing by X% compared with the previous year. Overall, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2016 with an increase of X%. The exports peaked in 2021 and are likely to continue growth in years to come.

In value terms, motor boat exports soared to $X in 2021. Over the period under review, exports recorded slight growth. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2017 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Malta (X units) was the main destination for motor boat exports from Bulgaria, with a X% share of total exports. Moreover, motor boat exports to Malta exceeded the volume sent to the second major destination, Croatia (X units), threefold. Turkey (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Malta was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Croatia (+X% per year) and Turkey (+X% per year).

In value terms, Turkey ($X), Malta ($X) and Greece ($X) constituted the largest markets for motor boat exported from Bulgaria worldwide, together accounting for X% of total exports. These countries were followed by Croatia, Finland and Spain, which together accounted for a further X, with a CAGR of +X%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average motor boat export price amounted to $X per unit, which is down by -X% against the previous year. In general, the export price saw a deep setback. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2018 to 2021, the the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Greece ($X per unit), while the average price for exports to Spain ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+X%), while the prices for the other major destinations experienced a decline.

Motor Boat Imports

Imports into Bulgaria

In 2021, approx. X units of motor boats and motor yachts, for pleasure or sports were imported into Bulgaria; falling by -X% against the year before. In general, imports, however, enjoyed a modest increase. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. As a result, imports attained the peak of X units. From 2019 to 2021, the growth of imports remained at a lower figure.

In value terms, motor boat imports skyrocketed to $X in 2021. Overall, imports saw a noticeable downturn. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

Turkey (X units), Finland (X units) and Hungary (X units) were the main suppliers of motor boat imports to Bulgaria, with a combined X% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Finland (with a CAGR of +X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Finland ($X), Germany ($X) and Turkey ($X) constituted the largest motor boat suppliers to Bulgaria, together comprising X% of total imports.

In terms of the main suppliers, Finland, 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 2021, the average motor boat import price amounted to $X per unit, surging by X% against the previous year. Overall, the import price, however, showed a perceptible downturn. The import price peaked at $X per unit in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Germany ($X per unit), while the price for Norway ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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