Bulgaria: Transportation Vehicle Body Market 2025

Transportation Vehicle Body Market Size in Bulgaria

The Bulgarian transportation vehicle body market dropped slightly to $X in 2022, which is down by -4% against the previous year. In general, consumption, however, showed prominent growth. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Transportation Vehicle Body Production in Bulgaria

In value terms, transportation vehicle body production contracted modestly to $X in 2022 estimated in export price. In general, production, however, continues to indicate a prominent increase. The most prominent rate of growth was recorded in 2016 with an increase of 66% against the previous year. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Transportation Vehicle Body Exports

Exports from Bulgaria

In 2022, overseas shipments of bodies for motor vehicles for the transporting people decreased by -35.5% to X units for the first time since 2019, thus ending a two-year rising trend. In general, exports, however, posted modest growth. The pace of growth was the most pronounced in 2015 when exports increased by 3,550% against the previous year. As a result, the exports reached the peak of X units. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, transportation vehicle body exports soared to $X in 2022. Over the period under review, exports, however, recorded a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Egypt (X units) was the main destination for transportation vehicle body exports from Bulgaria, accounting for a 80% share of total exports. Moreover, transportation vehicle body exports to Egypt exceeded the volume sent to the second major destination, Turkey (X units), fivefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Egypt stood at +3.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (0.0% per year) and the United Arab Emirates (0.0% per year).

In value terms, the United Arab Emirates ($X) emerged as the key foreign market for bodies for motor vehicles for the transporting people exports from Bulgaria, comprising 85% of total exports. The second position in the ranking was held by Egypt ($X), with a 10% share of total exports.

From 2012 to 2022, the average annual growth rate of value to the United Arab Emirates was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Egypt (+2.9% per year) and Turkey (0.0% per year).

Export Prices by Country

In 2022, the average transportation vehicle body export price amounted to $X per unit, increasing by 2,015% against the previous year. Overall, the export price enjoyed significant growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per unit), while the average price for exports to Egypt ($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 the United States (+134.0%), while the prices for the other major destinations experienced mixed trend patterns.

Transportation Vehicle Body Imports

Imports into Bulgaria

In 2022, the amount of bodies for motor vehicles for the transporting people imported into Bulgaria fell dramatically to X units, reducing by -20.1% on the year before. Overall, imports saw a abrupt contraction. The growth pace was the most rapid in 2021 with an increase of 407%. Imports peaked at X units in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, transportation vehicle body imports amounted to $X in 2022. Over the period under review, imports recorded a deep setback. The pace of growth appeared the most rapid in 2017 when imports increased by 137% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Italy (X units) constituted the largest supplier of transportation vehicle body to Bulgaria, with a 78% share of total imports. Moreover, transportation vehicle body imports from Italy exceeded the figures recorded by the second-largest supplier, Switzerland (X units), sevenfold. Germany (X units) ranked third in terms of total imports with a 5.5% share.

From 2012 to 2022, the average annual growth rate of volume from Italy stood at +18.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Switzerland (+44.2% per year) and Germany (+29.2% per year).

In value terms, Italy ($X), Germany ($X) and Poland ($X) constituted the largest transportation vehicle body suppliers to Bulgaria, together accounting for 94% of total imports.

Germany, with a CAGR of +39.3%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average transportation vehicle body import price stood at $X per unit in 2022, picking up by 25% against the previous year. In general, the import price, however, recorded a perceptible setback. The most prominent rate of growth was recorded in 2020 an increase of 259%. As a result, import price reached the peak level of $X per unit. From 2021 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Poland ($X per unit), while the price for Switzerland ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+10.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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