
Bulgaria - Railway or Tramway Passenger Coaches (Not Self-Propelled) - Market Analysis, Forecast, Size, Trends and Insights
Bulgaria: Railway Passenger Coach Market 2023
Railway Passenger Coach Market Size in Bulgaria
In 2021, the Bulgarian railway passenger coach market increased by 5.4% to $X, rising for the second year in a row after six years of decline. In general, consumption, however, continues to indicate a mild descent. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market failed to regain momentum.
Railway Passenger Coach Production in Bulgaria
In value terms, railway passenger coach production declined notably to $X in 2021 estimated in export price. Overall, production saw a mild downturn. The pace of growth appeared the most rapid in 2015 with an increase of 288%. Over the period under review, production reached the peak level at $X in 2020, and then contracted dramatically in the following year.
Railway Passenger Coach Exports
Exports from Bulgaria
In 2020, the amount of railway or tramway passenger coaches (not self-propelled) exported from Bulgaria skyrocketed to X units, with an increase of 9,200% against the year before. In general, exports recorded a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, railway passenger coach exports soared to $X in 2020. Over the period under review, exports, however, faced a abrupt contraction. The exports peaked at $X in 2012; however, from 2013 to 2020, the exports stood at a somewhat lower figure.
Exports by Country
Turkey (X units) was the main destination for railway passenger coach exports from Bulgaria, accounting for a approx. 100% share of total exports.
From 2012 to 2020, the average annual growth rate of volume to Turkey was relatively modest.
In value terms, Turkey ($X) emerged as the key foreign market for railway passenger coach exports from Bulgaria.
From 2012 to 2020, the average annual rate of growth in terms of value to Turkey was relatively modest.
Export Prices by Country
The average railway passenger coach export price stood at $X per unit in 2020, waning by -59.4% against the previous year. Overall, the export price showed a sharp curtailment. The most prominent rate of growth was recorded in 2016 an increase of 34% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2020, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Turkey.
From 2012 to 2020, the rate of growth in terms of prices for Serbia amounted to -8.1% per year.
Railway Passenger Coach Imports
Imports into Bulgaria
In 2017, the amount of railway or tramway passenger coaches (not self-propelled) imported into Bulgaria fell notably to X units, which is down by -50% on the previous year. In general, imports showed a sharp decrease. The most prominent rate of growth was recorded in 2013 with an increase of 40,275% against the previous year. Imports peaked at X units in 2014; however, from 2015 to 2017, imports failed to regain momentum.
In value terms, railway passenger coach imports shrank remarkably to $X in 2017. Over the period under review, imports showed a abrupt curtailment. The pace of growth appeared the most rapid in 2013 with an increase of 64,505% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2017, the growth of imports remained at a somewhat lower figure.
Imports by Country
From 2012 to 2019, the average annual rate of growth in terms of volume from No country was relatively modest.
In value terms, Austria ($X) constituted the largest supplier of railway passenger coach to Bulgaria, comprising 86% of total imports. The second position in the ranking was held by Germany ($X), with a 10% share of total imports. It was followed by Luxembourg, with a 0.5% share.
From 2012 to 2019, the average annual growth rate of value from Austria stood at -15.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-40.4% per year) and Luxembourg (-47.2% per year).
Import Prices by Country
The average railway passenger coach import price stood at $X per unit in 2019, surging by 50% against the previous year. In general, the import price posted a resilient expansion. The most prominent rate of growth was recorded in 2013 when the average import price increased by 56%. Over the period under review, average import prices hit record highs in 2019 and is likely to continue growth in years to come.
There were significant differences in the average prices amongst the major supplying countries. In 2019, the country with the highest price was Austria ($X per unit), while the price for Italy ($X per unit) was amongst the lowest.
From 2012 to 2019, the most notable rate of growth in terms of prices was attained by Germany (+16.1%), while the prices for the other major suppliers experienced mixed trend patterns.
Base Year | Historical Period | Forecast Period | Units |
---|---|---|---|
2022 | 2012-2022 | 2023-2030 | US$, Tons |
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the railway passenger coach market in Bulgaria. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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