Bulgaria: Market for Diesel-Electric and Other Locomotives 2024

Market Size for Diesel-Electric and Other Locomotives in Bulgaria

The Bulgarian diesel-electric and other locomotive market soared to $X in 2022, increasing by 180% against the previous year. Overall, consumption continues to indicate a significant increase. Over the period under review, the market attained the peak level in 2022 and is expected to retain growth in the immediate term.

Production of Diesel-Electric and Other Locomotives in Bulgaria

In value terms, diesel-electric and other locomotive production reached $X in 2022 estimated in export price. Overall, production recorded a mild decrease. The growth pace was the most rapid in 2014 when the production volume increased by 16%. As a result, production attained the peak level of $X. From 2015 to 2022, production growth remained at a lower figure.

Exports of Diesel-Electric and Other Locomotives

Exports from Bulgaria

In 2022, overseas shipments of diesel-electric and other locomotives decreased by -50% to X units for the first time since 2019, thus ending a two-year declining trend. In general, exports faced a dramatic shrinkage. The most prominent rate of growth was recorded in 2019 when exports increased by 400%. Over the period under review, the exports attained the peak figure at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, diesel-electric and other locomotive exports reduced markedly to $X in 2022. Over the period under review, exports continue to indicate a abrupt setback. The growth pace was the most rapid in 2019 with an increase of 188% against the previous year. Over the period under review, the exports hit record highs at $X in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

Exports by Country

Romania (X units) was the main destination for diesel-electric and other locomotive exports from Bulgaria, accounting for a approx. 100% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Romania stood at -11.5%.

From 2012 to 2022, the average annual growth rate of value to Romania amounted to +3.4%.

Export Prices by Country

In 2022, the average diesel-electric and other locomotive export price amounted to $X per unit, reducing by -40.9% against the previous year. Overall, the export price, however, enjoyed a significant increase. The growth pace was the most rapid in 2013 when the average export price increased by 376% against the previous year. The export price peaked at $X per unit in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Romania.

From 2012 to 2022, the rate of growth in terms of prices for Romania amounted to +16.8% per year.

Imports of Diesel-Electric and Other Locomotives

Imports into Bulgaria

In 2022, the amount of diesel-electric and other locomotives imported into Bulgaria skyrocketed to X units, rising by 760% against 2021. Overall, imports showed significant growth. The growth pace was the most rapid in 2020 when imports increased by 1,400% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the near future.

In value terms, diesel-electric and other locomotive imports surged to $X in 2022. In general, imports posted a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 888% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, Poland (X units) constituted the largest supplier of diesel-electric and other locomotive to Bulgaria, accounting for a 86% share of total imports. Moreover, diesel-electric and other locomotive imports from Poland exceeded the figures recorded by the second-largest supplier, Romania (X units), ninefold. The third position in this ranking was taken by Austria (X units), with a 1.2% share.

From 2012 to 2022, the average annual growth rate of volume from Poland totaled +53.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Romania (+26.0% per year) and Austria (-50.0% per year).

In value terms, Poland ($X) constituted the largest supplier of diesel-electric and other locomotives to Bulgaria, comprising 81% of total imports. The second position in the ranking was held by Germany ($X), with an 8.8% share of total imports. It was followed by Romania, with a 5.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Poland totaled +40.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+8.9% per year) and Romania (+65.3% per year).

Import Prices by Country

The average diesel-electric and other locomotive import price stood at $X per unit in 2022, declining by -73.5% against the previous year. Over the period under review, the import price continues to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2021 an increase of 1,382%. As a result, import price attained the peak level of $X per unit, and then fell notably in the following year.

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 Germany ($X per unit), while the price for Austria ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (+31.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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