Bulgaria: Internal Combustion Engines Market Overview 2020

Internal Combustion Engines Market Size in Bulgaria

The revenue of the internal combustion engines market in Bulgaria amounted to $X in 2018, shrinking by -X% against the previous year. Overall, internal combustion engines consumption continues to indicate an abrupt slump. The growth pace was the most rapid in 2012 with an increase of X% against the previous year. Over the period under review, the internal combustion engines market reached its peak figure level at $X in 2013; however, from 2014 to 2018, consumption failed to regain its momentum.

Internal Combustion Engines Production in Bulgaria

In value terms, internal combustion engines production totaled $X in 2018 estimated in export prices. In general, internal combustion engines production continues to indicate a measured decline. The pace of growth was the most pronounced in 2017 with an increase of X% y-o-y. Over the period under review, internal combustion engines production reached its peak figure level at $X in 2012; however, from 2013 to 2018, production failed to regain its momentum.

Internal Combustion Engines Exports

Exports from Bulgaria

In 2018, the amount of motor vehicles compression-ignition internal combustion piston engines exported from Bulgaria stood at X units, jumping by X% against the previous year. Overall, internal combustion engines exports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2011 when exports increased by X% year-to-year. In that year, internal combustion engines exports reached their peak of X units. From 2012 to 2018, the growth of internal combustion engines exports remained at a lower figure.

In value terms, internal combustion engines exports totaled $X in 2018. Over the period under review, internal combustion engines exports, however, continue to indicate modest growth. The growth pace was the most rapid in 2011 when exports increased by X% against the previous year. Over the period under review, internal combustion engines exports reached their maximum at $X in 2015; however, from 2016 to 2018, exports stood at a somewhat lower figure.

Exports by Country

Ghana (X units), Iraq (X units) and Jordan (X units) were the main destinations of internal combustion engines exports from Bulgaria, with a combined X% share of total exports.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main countries of destination, was attained by Jordan (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for internal combustion engines exported from Bulgaria were Turkey ($X), Germany ($X) and Spain ($X), together comprising X% of total exports. Ghana, Jordan, Egypt, Iraq, Senegal, Syrian Arab Republic, Nigeria, Greece and Mali lagged somewhat behind, together comprising a further X terms of the main countries of destination, Jordan (+X% per year) recorded the highest rates of growth with regard to exports, over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Export Prices by Country

The average internal combustion engines export price stood at $X per unit in 2018, waning by -X% against the previous year. Over the period under review, the internal combustion engines export price, however, continues to indicate a mild expansion. The growth pace was the most rapid in 2017 an increase of X% y-o-y. In that year, the average export prices for motor vehicles compression-ignition internal combustion piston engines attained their peak level of $X per unit, and then declined slightly in the following year.

There were significant differences in the average prices for the major foreign markets. In 2018, the country with the highest price was Turkey ($X per unit), while the average price for exports to Mali ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Spain, while the prices for the other major destinations experienced more modest paces of growth.

Internal Combustion Engines Imports

Imports into Bulgaria

In 2018, the imports of motor vehicles compression-ignition internal combustion piston engines into Bulgaria stood at X units, stabilizing at the previous year. In general, internal combustion engines imports, however, continue to indicate an abrupt drop. The most prominent rate of growth was recorded in 2011 with an increase of X% y-o-y. Over the period under review, internal combustion engines imports attained their maximum at X units in 2008; however, from 2009 to 2018, imports failed to regain their momentum.

In value terms, internal combustion engines imports stood at $X in 2018. Overall, internal combustion engines imports, however, continue to indicate prominent growth. The growth pace was the most rapid in 2008 when imports increased by X% against the previous year. Imports peaked at $X in 2015; however, from 2016 to 2018, imports stood at a somewhat lower figure.

Imports by Country

Germany (X units), Hungary (X units) and the U.S. (X units) were the main suppliers of internal combustion engines imports to Bulgaria, with a combined X% share of total imports. These countries were followed by France, Russia, Romania, the UK, Ukraine, the Netherlands, Latvia, Japan and China, which together accounted for a further X 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main suppliers, was attained by Romania, while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the U.S. ($X) and Russia ($X) appeared to be the largest internal combustion engines suppliers to Bulgaria, with a combined X% share of total imports.

The U.S. (+X% per year) recorded the highest rates of growth with regard to imports, among the main suppliers over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The average internal combustion engines import price stood at $X per unit in 2018, going down by -X% against the previous year. Over the period under review, the internal combustion engines import price, however, continues to indicate a remarkable expansion. The pace of growth was the most pronounced in 2009 when the average import price increased by X% year-to-year. The import price peaked at $X per unit in 2015; however, from 2016 to 2018, import prices failed to regain their momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2018, the country with the highest price was Germany ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Germany, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform