Bulgaria: Starter Motor Market Overview 2020

Starter Motor Market Size in Bulgaria

The revenue of the starter motor market in Bulgaria amounted to $X in 2018, rising by X% against the previous year. Overall, starter motor consumption, however, continues to indicate an abrupt contraction. The growth pace was the most rapid in 2018 when the market value increased by X% year-to-year. Starter motor consumption peaked at $X in 2007; however, from 2008 to 2018, consumption failed to regain its momentum.

Starter Motor Production in Bulgaria

In value terms, starter motor production stood at $X in 2018 estimated in export prices. Overall, starter motor production, however, continues to indicate a drastic descent. The most prominent rate of growth was recorded in 2013 with an increase of X% y-o-y. In that year, starter motor production reached its peak level of $X. From 2014 to 2018, starter motor production growth remained at a somewhat lower figure.

Starter Motor Exports

Exports from Bulgaria

In 2018, the amount of starter motors and dual purpose starter generators exported from Bulgaria totaled X tonnes, picking up by X% against the previous year. In general, starter motor exports continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2010 when exports increased by X% y-o-y. Over the period under review, starter motor exports attained their maximum at X tonnes in 2013; however, from 2014 to 2018, exports remained at a lower figure.

In value terms, starter motor exports totaled $X in 2018. Over the period under review, starter motor exports continue to indicate notable growth. The growth pace was the most rapid in 2010 with an increase of X% year-to-year. Exports peaked at $X in 2014; however, from 2015 to 2018, exports stood at a somewhat lower figure.

Exports by Country

The U.S. (X tonnes) was the main destination for starter motor exports from Bulgaria, accounting for a X% share of total exports. Moreover, starter motor exports to the U.S. exceeded the volume sent to the second major destination, Germany (X tonnes), fivefold. Russia (X tonnes) ranked third in terms of total exports with a X% share.

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

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

From 2007 to 2018, the average annual rate of growth in terms of value to the U.S. totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-X% per year) and Russia (-X% per year).

Export Prices by Country

In 2018, the average starter motor export price amounted to $X per tonne, coming down by -X% against the previous year. Overall, the starter motor export price continues to indicate a mild drop. The most prominent rate of growth was recorded in 2014 an increase of X% y-o-y. Over the period under review, the average export prices for starter motors and dual purpose starter generators attained their peak figure at $X per tonne in 2015; however, from 2016 to 2018, export prices failed to regain their momentum.

There were significant differences in the average prices for the major foreign markets. In 2018, the country with the highest price was the U.S. ($X per tonne), while the average price for exports to the UK ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to the UK, while the prices for the other major destinations experienced a decline.

Starter Motor Imports

Imports into Bulgaria

In 2018, the starter motor imports into Bulgaria totaled X tonnes, dropping by -X% against the previous year. In general, starter motor imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when imports increased by X% y-o-y. Over the period under review, starter motor imports attained their maximum at X tonnes in 2012; however, from 2013 to 2018, imports stood at a somewhat lower figure.

In value terms, starter motor imports amounted to $X in 2018. In general, starter motor imports continue to indicate a notable increase. The most prominent rate of growth was recorded in 2017 when imports increased by X% year-to-year. Over the period under review, starter motor imports reached their maximum at $X in 2013; however, from 2014 to 2018, imports remained at a lower figure.

Imports by Country

In 2018, the Czech Republic (X tonnes) constituted the largest supplier of starter motor to Bulgaria, accounting for a X% share of total imports. Moreover, starter motor imports from the Czech Republic exceeded the figures recorded by the second-largest supplier, the Netherlands (X tonnes), threefold. China (X tonnes) ranked third in terms of total imports with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of volume from the Czech Republic stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+X% per year) and China (+X% per year).

In value terms, the Czech Republic ($X), China ($X) and the Netherlands ($X) appeared to be the largest starter motor suppliers to Bulgaria, with a combined X% share of total imports.

In terms of the main suppliers, the Netherlands (+X% per year) experienced the highest growth rate of imports, over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the average starter motor import price amounted to $X per tonne, rising by X% against the previous year. Over the period under review, the import price indicated a prominent increase 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. Based on 2018 figures, starter motor import price increased by +X% against 2016 indices. The pace of growth appeared the most rapid in 2013 when the average import price increased by X% y-o-y. The import price peaked at $X per tonne in 2014; however, from 2015 to 2018, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2018, the country with the highest price was Romania ($X per tonne), while the price for Germany ($X per tonne) was amongst the lowest.

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

Source: IndexBox AI Platform