Report Bulgaria - Sparking Plugs - Market Analysis, Forecast, Size, Trends and Insights for 499$
Latest Report Update: Mar 1, 2023

Bulgaria - Sparking Plugs - Market Analysis, Forecast, Size, Trends and Insights

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Bulgaria: Spark Plug Market 2023

Spark Plug Market Size in Bulgaria

In 2021, the Bulgarian spark plug market decreased by -26.7% to $X for the first time since 2016, thus ending a four-year rising trend. In general, consumption, however, recorded a buoyant expansion. As a result, consumption attained the peak level of $X, and then contracted significantly in the following year.

Spark Plug Production in Bulgaria

In value terms, spark plug production declined dramatically to $X in 2021 estimated in export price. Overall, production, however, posted a resilient increase. The pace of growth was the most pronounced in 2020 when the production volume increased by 149%. As a result, production reached the peak level of $X, and then declined dramatically in the following year.

Spark Plug Exports

Exports from Bulgaria

In 2021, shipments abroad of sparking plugs was finally on the rise to reach X units for the first time since 2018, thus ending a two-year declining trend. In general, exports showed a remarkable increase. The most prominent rate of growth was recorded in 2016 when exports increased by 141% against the previous year. Over the period under review, the exports reached the peak figure at X units in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, spark plug exports skyrocketed to $X in 2021. Over the period under review, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2016 when exports increased by 132% against the previous year. The exports peaked in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Germany (X units), Romania (X units) and Iran (X units) were the main destinations of spark plug exports from Bulgaria, together accounting for 58% of total exports. These countries were followed by the Czech Republic, Greece, Lithuania, Poland, Cyprus, the Netherlands, Kosovo, North Macedonia, France and Singapore, which together accounted for a further 32%.

From 2012 to 2021, the biggest increases were recorded for Lithuania (with a CAGR of +80.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for spark plug exported from Bulgaria were Germany ($X), Iran ($X) and Romania ($X), together comprising 61% of total exports.

Among the main countries of destination, Iran, with a CAGR of +136.6%, saw the highest growth rate of 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 spark plug export price stood at $X per unit in 2021, jumping by 31% against the previous year. In general, the export price recorded buoyant growth. The growth pace was the most rapid in 2019 when the average export price increased by 91% against the previous year. Over the period under review, the average export prices attained the peak figure in 2021 and is likely to see steady growth in the near future.

Prices varied noticeably country of destination: the country with the highest price was Germany ($X per unit), while the average price for exports to the Czech Republic ($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 Kosovo (+58.7%), while the prices for the other major destinations experienced more modest paces of growth.

Spark Plug Imports

Imports into Bulgaria

In 2021, overseas purchases of sparking plugs increased by 14% to X units, rising for the second consecutive year after two years of decline. Overall, imports showed a mild increase. The most prominent rate of growth was recorded in 2017 when imports increased by 50% against the previous year. As a result, imports attained the peak of X units. From 2018 to 2021, the growth of imports remained at a lower figure.

In value terms, spark plug imports expanded notably to $X in 2021. In general, total imports indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +6.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +44.8% against 2019 indices. The pace of growth appeared the most rapid in 2020 with an increase of 27% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to see gradual growth in years to come.

Imports by Country

In 2021, Germany (X units) constituted the largest spark plug supplier to Bulgaria, accounting for a 46% share of total imports. Moreover, spark plug imports from Germany exceeded the figures recorded by the second-largest supplier, Romania (X units), twofold. Turkey (X units) ranked third in terms of total imports with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany stood at +1.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Romania (+38.1% per year) and Turkey (+1.7% per year).

In value terms, Germany ($X) constituted the largest supplier of sparking plugs to Bulgaria, comprising 57% of total imports. The second position in the ranking was taken by Romania ($X), with an 18% share of total imports. It was followed by Hungary, with a 4.9% share.

From 2012 to 2021, the average annual growth rate of value from Germany amounted to +8.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Romania (+44.1% per year) and Hungary (+21.4% per year).

Import Prices by Country

In 2021, the average spark plug import price amounted to $X per unit, remaining relatively unchanged against the previous year. Overall, import price indicated a prominent expansion from 2012 to 2021: its price increased at an average annual rate of +5.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, spark plug import price increased by +47.2% against 2017 indices. The growth pace was the most rapid in 2018 an increase of 36%. The import price peaked in 2021 and is likely to see gradual growth in years to come.

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 Germany (+7.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

Base Year Historical Period Forecast Period Units
2022 2012-2022 2023-2030 US$, Tons

Frequently Asked Questions (FAQ) :

What are the largest markets for sparking plugs in the world?
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The countries with the highest volumes of consumption in 2021 were China, the United States and India, together accounting for 44% of global consumption. Japan, Indonesia, Russia, Germany, the United Arab Emirates, Turkey, Mexico, Brazil, France and the UK lagged somewhat behind, together accounting for a further 28%.
What are the largest producers of sparking plugs in the world?
+
The countries with the highest volumes of production in 2021 were China, Japan and India, with a combined 54% share of global production. These countries were followed by Thailand, the United States, Indonesia, Russia, Germany, Mexico, France, Turkey, the UK and Brazil, which together accounted for a further 30%.
What are the leading suppliers of sparking plugs to Bulgaria?
+
In value terms, Germany constituted the largest supplier of sparking plugs to Bulgaria, comprising 57% of total imports. The second position in the ranking was held by Romania, with an 18% share of total imports. It was followed by Hungary, with a 4.9% share.
What are the leading importers of sparking plugs from Bulgaria?
+
In value terms, Germany, Iran and Romania appeared to be the largest markets for spark plug exported from Bulgaria worldwide, together accounting for 61% of total exports.
What is the average export price for sparking plugs in Bulgaria?
+
In 2021, the average spark plug export price amounted to $3.7 per unit, with an increase of 31% against the previous year.
What is the average import price for sparking plugs in Bulgaria?
+
In 2021, the average spark plug import price amounted to $3.4 per unit, leveling off at the previous year.

This report provides an in-depth analysis of the spark plug 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.


Product coverage:
• Prodcom 29312130 - Sparking plugs
Country coverage:
• Bulgaria

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Bulgaria
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
REPORT DESCRIPTION
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2012–2022
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2012–2022
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2022
Table 2:
Market Volume, In Physical Terms, 2012–2022
Table 3:
Market Value, 2012–2022
Table 4:
Per Capita Consumption In 2007-2022
Table 5:
Imports, In Physical Terms, By Country, 2012–2022
Table 6:
Imports, In Value Terms, By Country, 2012–2022
Table 7:
Import Prices, By Country Of Origin, 2012–2022
Table 8:
Exports, In Physical Terms, By Country, 2012–2022
Table 9:
Exports, In Value Terms, By Country, 2012–2022
Table 10:
Export Prices, By Country Of Destination, 2012–2022
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2022
Figure 2:
Market Value, 2012–2022
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007-2022
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007-2022
Figure 5:
Trade Balance, In Physical Terms, 2007-2022
Figure 6:
Trade Balance, In Value Terms, 2007-2022
Figure 7:
Per Capita Consumption, 2007-2022
Figure 8:
Market Forecast To 2030
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2012–2022
Figure 21:
Production, In Value Terms, 2012–2022
Figure 22:
Imports, In Physical Terms, 2012–2022
Figure 23:
Imports, In Value Terms, 2012–2022
Figure 24:
Imports, In Physical Terms, By Country, 2022
Figure 25:
Imports, In Physical Terms, By Country, 2012–2022
Figure 26:
Imports, In Value Terms, By Country, 2012–2022
Figure 27:
Import Prices, By Country Of Origin, 2012–2022
Figure 28:
Exports, In Physical Terms, 2012–2022
Figure 29:
Exports, In Value Terms, 2012–2022
Figure 30:
Exports, In Physical Terms, By Country, 2022
Figure 31:
Exports, In Physical Terms, By Country, 2012–2022
Figure 32:
Exports, In Value Terms, By Country, 2012–2022
Figure 33:
Export Prices, By Country Of Destination, 2012–2022
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