Bulgaria: Market for Motorcycles, Scooters and Side-Cars 2024

Market Size for Motorcycles, Scooters and Side-Cars in Bulgaria

The Bulgarian motorcycle, scooter and side-car market rose sharply to $X in 2022, increasing by X% against the previous year. Overall, consumption posted a remarkable increase. Over the period under review, the market attained the peak level in 2022 and is likely to see gradual growth in the near future.

Production of Motorcycles, Scooters and Side-Cars in Bulgaria

In value terms, motorcycle, scooter and side-car production dropped to $X in 2022 estimated in export price. Over the period under review, production saw a significant expansion. The most prominent rate of growth was recorded in 2018 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2021, and then declined in the following year.

Exports of Motorcycles, Scooters and Side-Cars

Exports from Bulgaria

For the ninth year in a row, Bulgaria recorded growth in overseas shipments of motorcycles, scooters and side-cars, which increased by X% to X units in 2022. Overall, exports showed a significant increase. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, motorcycle, scooter and side-car exports soared to $X in 2022. Over the period under review, exports continue to indicate a significant expansion. The growth pace was the most rapid in 2017 when exports increased by X%. The exports peaked in 2022 and are likely to see gradual growth in years to come.

Exports by Country

Germany (X units), Belgium (X units) and Austria (X units) were the main destinations of motorcycle, scooter and side-car exports from Bulgaria, with a combined X% share of total exports. Denmark, the Netherlands, Sweden and Italy lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Denmark (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for motorcycle, scooter and side-car exported from Bulgaria were Germany ($X), Belgium ($X) and Austria ($X), together accounting for X% of total exports. Denmark, the Netherlands, Sweden and Italy lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, Denmark, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average motorcycle, scooter and side-car export price stood at $X per unit in 2022, with an increase of X% against the previous year. In general, the export price, however, continues to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2014 when the average export price increased by X%. The export price peaked at $X per unit in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

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

Imports of Motorcycles, Scooters and Side-Cars

Imports into Bulgaria

In 2022, approx. X units of motorcycles, scooters and side-cars were imported into Bulgaria; increasing by X% against 2021 figures. Over the period under review, imports continue to indicate significant growth. The most prominent rate of growth was recorded in 2016 when imports increased by X%. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in years to come.

In value terms, motorcycle, scooter and side-car imports surged to $X in 2022. Overall, imports posted significant growth. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. Imports peaked in 2022 and are likely to continue growth in years to come.

Imports by Country

China (X units), the Netherlands (X units) and Italy (X units) were the main suppliers of motorcycle, scooter and side-car imports to Bulgaria, together comprising X% of total imports. Turkey, Romania, Germany and Greece lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest motorcycle, scooter and side-car suppliers to Bulgaria were Italy ($X), China ($X) and the Netherlands ($X), with a combined X% share of total imports. Germany, Turkey, Romania and Greece lagged somewhat behind, together comprising a further X%.

Turkey, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average motorcycle, scooter and side-car import price stood at $X per unit in 2022, jumping by X% against the previous year. Overall, the import price, however, continues to indicate a abrupt slump. The most prominent rate of growth was recorded in 2014 when the average import price increased by X%. As a result, import price reached the peak level of $X per unit. From 2015 to 2022, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per unit), while the price for the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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