Bulgaria: Sailboat Market 2022

Sailboat Market Size in Bulgaria

After two years of growth, the Bulgarian sailboat market decreased by -X% to $X in 2021. Over the period under review, consumption saw a mild decrease. As a result, consumption attained the peak level of $X, and then dropped significantly in the following year.

Sailboat Production in Bulgaria

In value terms, sailboat production contracted remarkably to $X in 2021 estimated in export price. In general, production recorded a pronounced decrease. The pace of growth appeared the most rapid in 2020 when the production volume increased by X%. Sailboat production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Sailboat Exports

Exports from Bulgaria

For the third consecutive year, Bulgaria recorded growth in shipments abroad of sailboats for pleasure or sports, with or without auxiliary motor, which increased by X% to X units in 2020. Overall, exports enjoyed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, sailboat exports surged to $X in 2020. In general, exports continue to indicate a resilient expansion. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2020 and are expected to retain growth in the immediate term.

Exports by Country

Turkey (X units) was the main destination for sailboat exports from Bulgaria, accounting for a X% share of total exports. Moreover, sailboat exports to Turkey exceeded the volume sent to the second major destination, Serbia (X units), twofold.

From 2012 to 2020, the average annual rate of growth in terms of volume to Turkey amounted to +X%.

In value terms, Turkey ($X) remains the key foreign market for sailboat exports from Bulgaria, comprising X% of total exports. The second position in the ranking was held by Serbia ($X), with a X% share of total exports.

From 2012 to 2020, the average annual rate of growth in terms of value to Turkey stood at +X%.

Export Prices by Country

The average sailboat export price stood at $X per unit in 2020, dropping by -X% against the previous year. In general, the export price recorded a precipitous contraction. The growth pace was the most rapid in 2018 when the average export price increased by X%. The export price peaked at $X per unit in 2013; however, from 2014 to 2020, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2020, the country with the highest price was Turkey ($X per unit), while the average price for exports to Serbia amounted to $X per unit.

From 2012 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (-X%).

Sailboat Imports

Imports into Bulgaria

In 2021, approx. X units of sailboats for pleasure or sports, with or without auxiliary motor were imported into Bulgaria; dropping by -X% compared with 2020. In general, imports, however, showed a temperate expansion. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. As a result, imports attained the peak of X units. From 2017 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, sailboat imports dropped notably to $X in 2021. Overall, imports, however, recorded a pronounced increase. The most prominent rate of growth was recorded in 2016 with an increase of X%. As a result, imports reached the peak of $X. From 2017 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

Germany (X units), Switzerland (X units) and France (X units) were the main suppliers of sailboat 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 Switzerland (with a CAGR of +X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), France ($X) and Turkey ($X) constituted the largest sailboat suppliers to Bulgaria, with a combined X% share of total imports.

Among the main suppliers, Germany, 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

In 2021, the average sailboat import price amounted to $X per unit, which is down by -X% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of X%. Over the period under review, average import prices hit record highs at $X per unit in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was France ($X per unit), while the price for Switzerland ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Market Intelligence Platform

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