
Bulgaria - Side Cars for Motorcycles & Cycles With Auxiliary Motors - Market Analysis, Forecast, Size, Trends and Insights
Bulgaria: Market for Cycles with Auxiliary Motors and Side Cars 2022
Market Size for Cycles with Auxiliary Motors and Side Cars in Bulgaria
In 2021, after six years of growth, there was significant decline in the Bulgarian market for cycles with auxiliary motors and side cars, when its value decreased by -X% to $X. Overall, consumption, however, continues to indicate a strong increase. Consumption of peaked at $X in 2020, and then dropped rapidly in the following year.
Production of Cycles with Auxiliary Motors and Side Cars in Bulgaria
In value terms, production of cycles with auxiliary motors and side cars dropped sharply to $X in 2021 estimated in export price. Over the period under review, production saw significant growth. The pace of growth appeared the most rapid in 2018 when the production volume increased by X% against the previous year. Production of peaked at $X in 2020, and then shrank rapidly in the following year.
Exports of Cycles with Auxiliary Motors and Side Cars
Exports from Bulgaria
In 2021, approx. X units of cycles with auxiliary motors and side cars were exported from Bulgaria; with an increase of X% on the previous year. Over the period under review, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. The exports peaked in 2021 and are expected to retain growth in years to come.
In value terms, exports of cycles with auxiliary motors and side cars soared to $X in 2021. Overall, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. The exports peaked in 2021 and are likely to see gradual growth in the near future.
Exports by Country
Germany (X units) was the main destination for exports of cycles with auxiliary motors and side cars from Bulgaria, accounting for a X% share of total exports. Moreover, exports of cycles with auxiliary motors and side cars to Germany exceeded the volume sent to the second major destination, Belgium (X units), twofold. Denmark (X units) ranked third in terms of total exports with a X% share.
From 2012 to 2021, the average annual rate of growth in terms of volume to Germany amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+X% per year) and Denmark (+X% per year).
In value terms, Germany ($X) remains the key foreign market for cycle with auxiliary motor and side car exports from Bulgaria, comprising X% of total exports. The second position in the ranking was held by Belgium ($X), with a X% share of total exports. It was followed by Austria, with a X% share.
From 2012 to 2021, the average annual rate of growth in terms of value to Germany amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+X% per year) and Austria (+X% per year).
Export Prices by Country
The average export price for cycles with auxiliary motors and side cars stood at $X per unit in 2021, stabilizing at the previous year. Overall, the export price, however, saw a abrupt decrease. The pace of growth appeared the most rapid in 2016 when the average export price increased by X%. Over the period under review, the average export prices hit record highs at $X per unit in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Austria ($X per unit), while the average price for exports to Denmark ($X per unit) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to France (+X%), while the prices for the other major destinations experienced a decline.
Imports of Cycles with Auxiliary Motors and Side Cars
Imports into Bulgaria
In 2021, imports of cycles with auxiliary motors and side cars into Bulgaria surged to X units, increasing by X% on the previous year. In general, imports showed a significant expansion. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Imports peaked in 2021 and are expected to retain growth in the near future.
In value terms, imports of cycles with auxiliary motors and side cars skyrocketed to $X in 2021. Overall, imports continue to indicate a significant expansion. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. Imports peaked in 2021 and are expected to retain growth in the near future.
Imports by Country
In 2021, China (X units) constituted the largest cycle with auxiliary motor and side car supplier to Bulgaria, accounting for a X% share of total imports. Moreover, imports of cycles with auxiliary motors and side cars from China exceeded the figures recorded by the second-largest supplier, Turkey (X units), fivefold. The third position in this ranking was taken by the Netherlands (X units), with a X% share.
From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+X% per year) and the Netherlands (+X% per year).
In value terms, China ($X) constituted the largest supplier of cycle with auxiliary motor and side car to Bulgaria, comprising X% of total imports. The second position in the ranking was taken by Turkey ($X), with a X% share of total imports. It was followed by Germany, with a X% share.
From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+X% per year) and Germany (+X% per year).
Import Prices by Country
The average import price for cycles with auxiliary motors and side cars stood at $X per unit in 2021, surging by X% against the previous year. Over the period under review, the import price, however, continues to indicate a perceptible contraction. The pace of growth appeared the most rapid in 2014 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per unit. From 2015 to 2021, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Germany ($X per unit), while the price for China ($X per unit) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+X%), while the prices for the other major suppliers experienced more modest paces of growth.
Base Year | Historical Period | Forecast Period | Units |
---|---|---|---|
2022 | 2012-2022 | 2023-2030 | US$, Tons |
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the market for cycle with auxiliary motor and side car 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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