Bulgaria: Motor Boat Market 2024

Motor Boat Market Size in Bulgaria

The Bulgarian motor boat market totaled $X in 2022, remaining relatively unchanged against the previous year. Overall, consumption continues to indicate a noticeable decrease. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Motor Boat Production in Bulgaria

In value terms, motor boat production contracted to $X in 2022 estimated in export price. In general, production saw a perceptible descent. The pace of growth was the most pronounced in 2019 when the production volume increased by X%. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

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Motor Boat Exports

Exports from Bulgaria

In 2021, exports of motor boats and motor yachts, for pleasure or sports from Bulgaria surged to X units, increasing by X% on the year before. In general, exports enjoyed a resilient increase. The pace of growth was the most pronounced in 2016 with an increase of X%. As a result, the exports reached the peak of X units. From 2017 to 2021, the growth of the exports failed to regain momentum.

In value terms, motor boat exports surged to $X in 2021. Overall, exports recorded slight growth. The pace of growth was the most pronounced in 2016 with an increase of X%. 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

Turkey (X units) was the main destination for motor boat exports from Bulgaria, accounting for a X% share of total exports. Moreover, motor boat exports to Turkey exceeded the volume sent to the second major destination, Malta (X units), twofold. The third position in this ranking was held by Croatia (X units), with a X% share.

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

In value terms, the largest markets for motor boat exported from Bulgaria were Turkey ($X), Malta ($X) and Greece ($X), together accounting for X% of total exports. Croatia, Finland, Spain, Italy, Serbia, Romania, Australia, the United States, Germany and Georgia lagged somewhat behind, together comprising a further X%.

Serbia, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of 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

The average motor boat export price stood at $X per unit in 2021, picking up by X% against the previous year. Over the period under review, the export price, however, faced a abrupt decline. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Greece ($X per unit), while the average price for exports to Georgia ($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 Serbia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Motor Boat Imports

Imports into Bulgaria

In 2021, the amount of motor boats and motor yachts, for pleasure or sports imported into Bulgaria contracted notably to X units, with a decrease of X% on 2020. Over the period under review, imports recorded a deep slump. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Imports peaked at X units in 2020, and then shrank dramatically in the following year.

In value terms, motor boat imports soared to $X in 2021. Overall, imports saw a perceptible reduction. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Poland (X units), Canada (X units) and China (X units) were the main suppliers of motor boat imports to Bulgaria, together accounting for X% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (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 Italy ($X) appeared to be the largest motor boat suppliers to Bulgaria, with a combined X% share 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

The average motor boat import price stood at $X per unit in 2021, increasing by X% against the previous year. Over the period under review, the import price continues to indicate a resilient expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Finland ($X,490 per unit), while the price for Norway ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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