Bulgaria: Market for Air Conditioning Machines For Motor Vehicles 2024

Exports of Air Conditioning Machines For Motor Vehicles

Exports from Bulgaria

In 2022, shipments abroad of air conditioning machines for motor vehicles decreased by -79.4% to X units for the first time since 2017, thus ending a four-year rising trend. Over the period under review, exports, however, enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2013 when exports increased by 876%. As a result, the exports attained the peak of X units. From 2014 to 2022, the growth of the exports failed to regain momentum.

In value terms, motor vehicle air conditioning machine exports fell remarkably to $X in 2022. In general, exports, however, posted a modest increase. The most prominent rate of growth was recorded in 2018 with an increase of 348%. Over the period under review, the exports hit record highs at $X in 2021, and then contracted significantly in the following year.

Exports by Country

Turkey (X units) was the main destination for motor vehicle air conditioning machine exports from Bulgaria, with a 80% share of total exports. Moreover, motor vehicle air conditioning machine exports to Turkey exceeded the volume sent to the second major destination, Germany (X units), ninefold. The third position in this ranking was held by Greece (X units), with a 6.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Turkey totaled +34.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+21.3% per year) and Greece (-38.1% per year).

In value terms, Germany ($X), Turkey ($X) and Greece ($X) were the largest markets for motor vehicle air conditioning machine exported from Bulgaria worldwide, with a combined 90% share of total exports.

In terms of the main countries of destination, Turkey, with a CAGR of +44.1%, recorded 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

In 2022, the average export price for air conditioning machines for motor vehicles amounted to $X per unit, rising by 22% against the previous year. Overall, the export price, however, saw a perceptible downturn. The most prominent rate of growth was recorded in 2016 when the average export price increased by 159% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to Turkey ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Greece (+16.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Air Conditioning Machines For Motor Vehicles

Imports into Bulgaria

Motor vehicle air conditioning machine imports into Bulgaria surged to X units in 2022, picking up by 382% on 2021 figures. Over the period under review, imports enjoyed a strong expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, motor vehicle air conditioning machine imports soared to $X in 2022. In general, imports continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2017 with an increase of 271% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, France (X units) constituted the largest motor vehicle air conditioning machine supplier to Bulgaria, accounting for a 66% share of total imports. Moreover, motor vehicle air conditioning machine imports from France exceeded the figures recorded by the second-largest supplier, China (X units), sevenfold. The third position in this ranking was held by Poland (X units), with a 6.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from France totaled +50.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+2.5% per year) and Poland (+61.6% per year).

In value terms, France ($X) constituted the largest supplier of air conditioning machines for motor vehicles to Bulgaria, comprising 52% of total imports. The second position in the ranking was held by Germany ($X), with a 9.6% share of total imports. It was followed by Poland, with an 8% share.

From 2012 to 2022, the average annual growth rate of value from France totaled +44.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+10.3% per year) and Poland (+48.9% per year).

Import Prices by Country

The average import price for air conditioning machines for motor vehicles stood at $X per unit in 2022, shrinking by -23.8% against the previous year. In general, the import price saw a perceptible setback. The pace of growth appeared the most rapid in 2013 an increase of 59%. As a result, import price reached the peak level of $X per unit. From 2014 to 2022, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Romania ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+2.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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