Bulgaria: Spark Plug Market Overview 2020

Spark Plug Market Size in Bulgaria

The revenue of the spark plug market in Bulgaria amounted to $X in 2018, coming down by -X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, spark plug consumption continues to indicate a deep reduction. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. In that year, the spark plug market attained its peak level of $X. From 2017 to 2018, the growth of the spark plug market remained at a somewhat lower figure.

Spark Plug Exports

Exports from Bulgaria

In 2018, approx. X units of sparking plugs were exported from Bulgaria; growing by X% against the previous year. Overall, spark plug exports continue to indicate an extraordinary expansion. The pace of growth appeared the most rapid in 2016 when exports increased by X% against the previous year. Exports peaked in 2018 and are expected to retain its growth in the near future.

In value terms, spark plug exports totaled $X in 2018. Overall, spark plug exports continue to indicate outstanding growth. The most prominent rate of growth was recorded in 2016 when exports increased by X% y-o-y. Exports peaked in 2018 and are expected to retain its growth in the near future.

Exports by Country

Germany (X units) was the main destination for spark plug exports from Bulgaria, accounting for a X% share of total exports. Moreover, spark plug exports to Germany exceeded the volume sent to the second major destination, Brazil (X units), threefold. The third position in this ranking was occupied by Serbia (X units), with a X% share.

From 2007 to 2018, the average annual growth rate of volume to Germany totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (+X% per year) and Serbia (+X% per year).

In value terms, Germany ($X) remains the key foreign market for spark plug exports from Bulgaria, comprising X% of total spark plug exports. The second position in the ranking was occupied by Italy ($X), with a X% share of total exports. It was followed by Serbia, with a X% share.

From 2007 to 2018, the average annual growth rate of value to Germany stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+X% per year) and Serbia (+X% per year).

Export Prices by Country

The average spark plug export price stood at $X per unit in 2018, jumping by X% against the previous year. In general, the export price indicated prominent growth from 2007 to 2018: its price increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 an increase of X% year-to-year. In that year, the average export prices for sparking plugs reached their peak level and is likely to continue its growth in the immediate term.

Prices varied noticeably by the country of destination; the country with the highest price was Italy ($X per unit), while the average price for exports to Brazil ($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 Italy, while the prices for the other major destinations experienced more modest paces of growth.

Spark Plug Imports

Imports into Bulgaria

In 2018, the imports of sparking plugs into Bulgaria stood at X units, falling by -X% against the previous year. In general, spark plug imports continue to indicate a moderate deduction. The growth pace was the most rapid in 2016 when imports increased by X% y-o-y. In that year, spark plug imports attained their peak of X units. From 2017 to 2018, the growth of spark plug imports failed to regain its momentum.

In value terms, spark plug imports stood at $X in 2018. Overall, the total imports indicated resilient growth from 2007 to 2018: its value decreased at an average annual rate of -X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, spark plug imports increased by +X% against 2015 indices. The most prominent rate of growth was recorded in 2008 with an increase of X% y-o-y. Over the period under review, spark plug imports attained their peak figure in 2018 and are expected to retain its growth in the near future.

Imports by Country

Germany (X units), Romania (X units) and the Netherlands (X units) were the main suppliers of spark plug imports to Bulgaria, together accounting for X% of total imports. Turkey, Mexico, India, Belgium, France, Hungary and the UK lagged somewhat behind, together comprising a further X 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main suppliers, was attained by Hungary, while the other leaders experienced more modest paces of growth.

In value terms, the largest spark plug suppliers to Bulgaria were Germany ($X), Romania ($X) and the Netherlands ($X), together comprising X% of total imports. These countries were followed by Turkey, Belgium, India, Hungary, Mexico, the UK and France, which together accounted for a further X the main suppliers, Hungary (+X% per year) experienced the highest growth rate of imports, over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the average spark plug import price amounted to $X per unit, rising by X% against the previous year. In general, the spark plug import price continues to indicate a buoyant expansion. The pace of growth was the most pronounced in 2017 an increase of X% year-to-year. Over the period under review, the average import prices for sparking plugs attained their maximum at $X per unit in 2015; however, from 2016 to 2018, import prices failed to regain their momentum.

Prices varied noticeably by the country of origin; the country with the highest price was Hungary ($X per unit), while the price for Mexico ($X per unit) was amongst the lowest.

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

Source: IndexBox AI Platform