Price for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc in Bulgaria - 2023
Contents:
- Price for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc in Bulgaria (CIF) - 2022
- Price for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc in Bulgaria (FOB) - 2023
- Imports of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc in Bulgaria
- Exports of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc in Bulgaria
Price for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc in Bulgaria (CIF) - 2022
The average import price for vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity not exceeding 1000ccs stood at $9,038 per unit in 2022, rising by 8.7% against the previous year. Over the period under review, import price indicated resilient growth from 2012 to 2022: its price increased at an average annual rate of +10.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity not exceeding 1000ccs increased by +25.0% against 2019 indices. The pace of growth was the most pronounced in 2014 when the average import price increased by 91% against the previous year. The import price peaked in 2022 and is likely to see steady growth in years to come.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Czech Republic ($17,781 per unit), while the price for China ($480 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+10.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc in Bulgaria (FOB) - 2023
The average export price for vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity not exceeding 1000ccs stood at $10,125 per unit in October 2023, picking up by 47% against the previous month. Overall, the export price recorded a moderate increase. The most prominent rate of growth was recorded in January 2023 when the average export price increased by 67% month-to-month. Over the period under review, the average export prices hit record highs in October 2023.
There were significant differences in the average prices for the major foreign markets. In October 2023, the country with the highest price was Switzerland ($23,713 per unit), while the average price for exports to Iran ($174 per unit) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Georgia (+17.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc in Bulgaria
In 2022, approx. 6.7K units of vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity not exceeding 1000ccs were imported into Bulgaria; standing approx. at the previous year. Over the period under review, imports saw a mild contraction. The most prominent rate of growth was recorded in 2021 with an increase of 22%. Over the period under review, imports of hit record highs at 7K units in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, imports of vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity not exceeding 1000ccs expanded rapidly to $61M in 2022. The total import value increased at an average annual rate of +6.5% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 19% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.
| Import of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc in Bulgaria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 12.9 | 22.9 | 24.8 | 16.7 | 9.0% |
| Morocco | N/A | 0.1 | 1.7 | 15.3 | 1136.9% |
| Hungary | 13.1 | 12.3 | 9.6 | 11.8 | -3.4% |
| Romania | 7.4 | 3.3 | 3.5 | 4.9 | -12.8% |
| Czech Republic | 3.2 | 1.5 | 2.1 | 4.2 | 9.5% |
| Germany | 3.8 | 3.5 | 7.6 | 1.7 | -23.5% |
| Italy | 2.4 | 1.2 | 0.8 | 0.8 | -30.7% |
| Spain | N/A | N/A | 0.3 | 0.6 | 100.0% |
| France | 3.1 | 0.6 | 0.2 | 0.5 | -45.6% |
| China | 0.1 | 0.1 | 0.6 | 0.5 | 71.0% |
| Switzerland | 0.2 | 0.2 | 0.3 | 0.3 | 14.5% |
| Others | 4.2 | 1.8 | 5.0 | 3.4 | -6.8% |
| Total | 50.4 | 47.6 | 56.4 | 60.9 | 6.5% |
Top Suppliers of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc to Bulgaria in 2022:
- Turkey (1519.0 units)
- Morocco (1340.0 units)
- China (1139.0 units)
- Hungary (792.0 units)
- Romania (435.0 units)
- Italy (249.0 units)
- Czech Republic (235.0 units)
- Switzerland (232.0 units)
- Germany (214.0 units)
- Spain (121.0 units)
- France (59.0 units)
Exports of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc in Bulgaria
In 2022, approx. 675 units of vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity not exceeding 1000ccs were exported from Bulgaria; which is down by -25.7% compared with the previous year's figure. Overall, exports showed a deep setback. The smallest decline of -10.2% was in 2020. Over the period under review, the exports of reached the maximum at 1.3K units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, exports of vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity not exceeding 1000ccs dropped markedly to $3.4M in 2022. In general, exports faced a sharp shrinkage. The pace of growth appeared the most rapid in 2020 when exports increased by 2.6%. As a result, the exports attained the peak of $13M. From 2021 to 2022, the growth of the exports of remained at a lower figure.
| Export of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc in Bulgaria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| North Macedonia | 1.0 | 1.6 | 1.7 | 1.3 | 9.1% |
| Greece | 1.0 | 0.5 | 0.7 | 0.9 | -3.5% |
| Germany | 8.9 | 7.5 | 4.2 | 0.6 | -59.3% |
| Turkey | N/A | N/A | 0.1 | 0.1 | 0.0% |
| Georgia | N/A | N/A | 0.1 | 0.1 | 0.0% |
| Czech Republic | 0.1 | N/A | 0.2 | 0.1 | 0.0% |
| Albania | N/A | 0.1 | 0.1 | 0.1 | 0.0% |
| Netherlands | 0.6 | 1.3 | 0.3 | N/A | -29.3% |
| Others | 0.9 | 1.7 | 1.8 | 0.2 | -39.4% |
| Total | 12.4 | 12.7 | 8.9 | 3.4 | -35.0% |
Top Export Markets for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc from Bulgaria in 2022:
- Georgia (251.0 units)
- North Macedonia (188.0 units)
- Greece (113.0 units)
- Germany (43.0 units)
- Turkey (23.0 units)
- Czech Republic (13.0 units)
- Albania (11.0 units)
- Netherlands (3.0 units)
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