Bulgaria - Motor Vehicles Compression-Ignition Internal Combustion Piston Engines - Market Analysis, Forecast, Size, Trends and Insights

Bulgaria: Internal Combustion Engines Market Overview 2019

Internal Combustion Engines Market Size in Bulgaria

The revenue of the internal combustion engines market in Bulgaria amounted to $X in 2017, increasing by X% against the previous year. Overall, internal combustion engines consumption, however, continues to indicate a prominent growth. The pace of growth appeared the most rapid in 2011, with an increase of X% y-o-y. Over the period under review, the internal combustion engines market reached its peak figure level at $X in 2009; however, from 2010 to 2017, consumption stood at a somewhat lower figure.

Internal Combustion Engines Production in Bulgaria

In value terms, internal combustion engines production totaled $X in 2017 estimated in export prices. Over the period under review, internal combustion engines production continues to indicate a relatively flat trend pattern.

Internal Combustion Engines Exports

Exports from Bulgaria

In 2017, approx. X units of motor vehicles compression-ignition internal combustion piston engines were exported from Bulgaria; going up by X% against the previous year. Overall, internal combustion engines exports, however, continue to indicate an abrupt curtailment. The most prominent rate of growth was recorded in 2009, with an increase of X% against the previous year. Over the period under review, internal combustion engines exports reached their maximum at X units in 2007; however, from 2008 to 2017, exports remained at a lower figure.

In value terms, internal combustion engines exports amounted to $X in 2017. In general, internal combustion engines exports, however, continue to indicate a pronounced expansion. The most prominent rate of growth was recorded in 2011, when exports increased by X% y-o-y. Exports peaked in 2017, and are likely to see steady growth in the immediate term.

Exports by Country

Algeria (X units) was the main destination for internal combustion engines exports from Bulgaria, with a X% share of total exports. Moreover, internal combustion engines exports to Algeria exceeded the volume sent to the second major destination, Serbia (X units), twofold. Romania (X units) ranked third in terms of total exports with a X% share.

From 2007 to 2017, the average annual growth rate of volume to Algeria was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Serbia (+X% per year) and Romania (+X% per year).

In value terms, Algeria ($X) emerged as the key foreign market for internal combustion engines exports from Bulgaria, comprising X% of total internal combustion engines exports. The second position in the ranking was occupied by Serbia ($X), with a X% share of total exports. It was followed by Germany, with a X% share.

From 2007 to 2017, the average annual growth rate of value to Algeria was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Serbia (+X% per year) and Germany (+X% per year).

Export Prices by Country

In 2017, the average internal combustion engines export price amounted to $X per unit, picking up by X% against the previous year. In general, the internal combustion engines export price continues to indicate a strong growth. The pace of growth appeared the most rapid in 2011, when the average export price increased by X% y-o-y. Export price peaked in 2017, and is likely to see steady growth in the immediate term.

Export prices varied noticeably by the country of destination; the country with the highest export price was Algeria ($X per unit), while the average price for exports to Romania ($X per unit) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was recorded for supplies to Germany, while the export prices for the other major destinations experienced mixed trend patterns.

Internal Combustion Engines Imports

Imports into Bulgaria

In 2017, imports of motor vehicles compression-ignition internal combustion piston engines into Bulgaria totaled X units, surging by X% against the previous year. In general, internal combustion engines imports, however, continue to indicate a drastic curtailment. The pace of growth was the most pronounced in 2011, with an increase of X% y-o-y. Over the period under review, internal combustion engines imports reached their peak figure at X units in 2009; however, from 2010 to 2017, imports failed to regain their momentum.

In value terms, internal combustion engines imports totaled $X in 2017. Overall, internal combustion engines imports, however, continue to indicate a prominent growth. The most prominent rate of growth was recorded in 2011, with an increase of X% year-to-year. Over the period under review, internal combustion engines imports reached their peak figure at $X in 2009; however, from 2010 to 2017, imports failed to regain their momentum.

Imports by Country

In 2017, Germany (X units) constituted the largest internal combustion engines supplier to Bulgaria, with a X% share of total imports. Moreover, internal combustion engines imports from Germany exceeded the figures recorded by the second largest supplier, Hungary (X units), twofold. The third position in this ranking was occupied by France (X units), with a X% share.

From 2007 to 2017, the average annual rate of growth in terms of volume from Germany totaled -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Hungary (+X% per year) and France (-X% per year).

In value terms, Germany ($X) constituted the largest supplier of internal combustion engines to Bulgaria, comprising X% of total internal combustion engines imports. The second position in the ranking was occupied by Russia ($X), with a X% share of total imports. It was followed by Hungary, with a X% share.

From 2007 to 2017, the average annual rate of growth in terms of value from Germany totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (-X% per year) and Hungary (+X% per year).

Import Prices by Country

In 2017, the average internal combustion engines import price amounted to $X per unit, increasing by X% against the previous year. In general, the internal combustion engines import price continues to indicate a strong expansion. The growth pace was the most rapid in 2010, when the average import price increased by X% y-o-y. Import price peaked at $X per unit in 2015; however, from 2016 to 2017, import prices remained at a lower figure.

Import prices varied noticeably by the country of origin; the country with the highest import price was the Netherlands ($X per unit), while the price for the U.S. ($X per unit) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Ukraine, while the import prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform