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Bulgaria - Tyres - Market Analysis, Forecast, Size, Trends and Insights
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Bulgaria: Tyre Market Overview 2021

Tyre Market Size in Bulgaria

The Bulgarian tyre market expanded to $X in 2019, with an increase of X% against the previous year. Overall, the total consumption indicated a temperate increase from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, consumption increased by +X% against 2009 indices. The growth pace was the most rapid in 2011 with an increase of X% year-to-year. Over the period under review, the market reached the peak level in 2019 and is expected to retain growth in the immediate term.

Tyre Production in Bulgaria

In value terms, tyre production declined significantly to $X in 2019 estimated in export prices. In general, production faced a significant decline. The growth pace was the most rapid in 2010 when the production volume increased by X% y-o-y. Tyre production peaked at $X in 2007; however, from 2008 to 2019, production stood at a somewhat lower figure.

Tyre Exports

Exports from Bulgaria

In 2019, shipments abroad of tyres decreased by -X% to X units, falling for the fourth consecutive year after three years of growth. Over the period under review, exports recorded a abrupt decrease. The most prominent rate of growth was recorded in 2010 with an increase of X% year-to-year. Exports peaked at X units in 2015; however, from 2016 to 2019, exports remained at a lower figure.

In value terms, tyre exports dropped to $X in 2019. In general, exports saw a slight descent. The most prominent rate of growth was recorded in 2010 with an increase of X% y-o-y. Over the period under review, exports reached the maximum at $X in 2011; however, from 2012 to 2019, exports stood at a somewhat lower figure.

Exports by Country

Greece (X units), Romania (X units) and Serbia (X units) were the main destinations of tyre exports from Bulgaria, together comprising X% of total exports.

From 2007 to 2019, the biggest increases were in Greece, while shipments for the other leaders experienced more modest paces of growth.

In value terms, Romania ($X), Greece ($X) and Macedonia ($X) appeared to be the largest markets for tyre exported from Bulgaria worldwide, with a combined X% share of total exports.

In terms of the main countries of destination, Greece recorded the highest rates of growth with regard to 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

In 2019, the average tyre export price amounted to $X per unit, increasing by X% against the previous year. Over the period under review, export price indicated a buoyant expansion from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, tyre export price decreased by -X% against 2017 indices. The pace of growth was the most pronounced in 2009 when the average export price increased by X% year-to-year. Over the period under review, average export prices attained the peak figure at $X per unit in 2017; however, from 2018 to 2019, export prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Italy ($X per unit), while the average price for exports to Serbia ($X per unit) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Romania, while the prices for the other major destinations experienced more modest paces of growth.

Tyre Imports

Imports into Bulgaria

In 2019, imports of tyres into Bulgaria expanded rapidly to X units, surging by X% against 2018 figures. The total import volume increased at an average annual rate of +X% from 2007 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when imports increased by X% y-o-y. Over the period under review, imports hit record highs at X units in 2017; however, from 2018 to 2019, imports stood at a somewhat lower figure.

In value terms, tyre imports expanded modestly to $X in 2019. In general, total imports indicated a pronounced increase from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, imports increased by +X% against 2015 indices. The most prominent rate of growth was recorded in 2011 with an increase of X% year-to-year. Over the period under review, imports reached the maximum in 2019 and are expected to retain growth in the immediate term.

Imports by Country

Germany (X units), China (X units) and Romania (X units) were the main suppliers of tyre imports to Bulgaria, with a combined X% share of total imports. Serbia, Viet Nam, Turkey, Russia, the Czech Republic, Thailand, the Netherlands, Indonesia, Slovenia and Hungary lagged somewhat behind, together accounting for a further X 2007 to 2019, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Viet Nam (+X% per year), while imports for the other leaders experienced more modest paces of growth.

In value terms, Romania ($X) constituted the largest supplier of tyre to Bulgaria, comprising X% of total imports. The second position in the ranking was occupied by China ($X), with a X% share of total imports. It was followed by Russia, with a X% share.

From 2007 to 2019, the average annual growth rate of value from Romania stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+X% per year) and Russia (+X% per year).

Import Prices by Country

In 2019, the average tyre import price amounted to $X per unit, falling by -X% against the previous year. In general, import price indicated a temperate increase from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, tyre import price increased by +X% against 2015 indices. The most prominent rate of growth was recorded in 2011 an increase of X% y-o-y. Over the period under review, average import prices hit record highs at $X per unit in 2013; however, from 2014 to 2019, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2019, the country with the highest price was Hungary ($X per unit), while the price for Germany ($X per unit) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Thailand, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for tyres in the world?
+
The countries with the highest volumes of tyre consumption in 2019 were China (878M units), the U.S. (506M units) and India (347M units), with a combined 48% share of global consumption. Indonesia, Japan, Brazil, Germany, the UK, Russia, Iran, France and Thailand lagged somewhat behind, together comprising a further 22%.
What are the largest producers of tyres in the world?
+
The country with the largest volume of tyre production was China (1.3B units), accounting for 36% of total volume. Moreover, tyre production in China exceeded the figures recorded by the second-largest producer, India (375M units), threefold. The third position in this ranking was occupied by the U.S. (277M units), with a 7.7% share.
What are the leading suppliers of tyres to Bulgaria?
+
In value terms, Romania ($52M) constituted the largest supplier of tyre to Bulgaria, comprising 24% of total imports. The second position in the ranking was occupied by China ($17M), with a 8.2% share of total imports. It was followed by Russia, with a 7.4% share.
What are the leading importers of tyres from Bulgaria?
+
In value terms, the largest markets for tyre exported from Bulgaria were Romania ($1.8M), Greece ($1.4M) and Macedonia ($794K), together accounting for 80% of total exports.
What is the average export price for tyres in Bulgaria?
+
In 2019, the average tyre export price amounted to $83 per unit, increasing by 21% against the previous year.
What is the average import price for tyres in Bulgaria?
+
In 2019, the average tyre import price amounted to $45 per unit, declining by -4.8% against the previous year.

Product coverage:
• Prodcom 22111100 - New pneumatic rubber tyres for motor cars (including for racing cars)

This report provides an in-depth analysis of the tyre 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 2025.


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
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
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 PRODUCTS

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 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
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 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
Figure 8:
Market Forecast To 2025
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, 2007–2020
Figure 21:
Production, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, 2007–2020
Figure 23:
Imports, In Value Terms, 2007–2020
Figure 24:
Imports, In Physical Terms, By Country, 2020
Figure 25:
Imports, In Physical Terms, By Country, 2007–2020
Figure 26:
Imports, In Value Terms, By Country, 2007–2020
Figure 27:
Import Prices, By Country Of Origin, 2007–2020
Figure 28:
Exports, In Physical Terms, 2007–2020
Figure 29:
Exports, In Value Terms, 2007–2020
Figure 30:
Exports, In Physical Terms, By Country, 2020
Figure 31:
Exports, In Physical Terms, By Country, 2007–2020
Figure 32:
Exports, In Value Terms, By Country, 2007–2020
Figure 33:
Export Prices, By Country Of Destination, 2007–2020

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