Bulgaria: Market for Drive-Axles with Differential and Non-Driving Axles 2025

Market Size for Drive-Axles with Differential and Non-Driving Axles in Bulgaria

The Bulgarian driving and non-driving axle market was estimated at $X in 2021, picking up by 9.8% against the previous year. Overall, consumption, however, continues to indicate a mild setback. As a result, consumption reached the peak level of $X. From 2016 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Drive-Axles with Differential and Non-Driving Axles in Bulgaria

In value terms, driving and non-driving axle production rose remarkably to $X in 2021 estimated in export price. In general, production, however, showed a sharp reduction. Driving and non-driving axle production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Exports of Drive-Axles with Differential and Non-Driving Axles

Exports from Bulgaria

In 2021, overseas shipments of drive-axles with differential and non-driving axles decreased by -0.8% to X tons, falling for the second year in a row after three years of growth. Overall, exports faced a abrupt decline. The growth pace was the most rapid in 2017 with an increase of 64%. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, driving and non-driving axle exports declined rapidly to $X in 2021. Over the period under review, exports showed a precipitous descent. The growth pace was the most rapid in 2017 with an increase of 347%. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

Egypt (X tons) was the main destination for driving and non-driving axle exports from Bulgaria, with a 46% share of total exports. Moreover, driving and non-driving axle exports to Egypt exceeded the volume sent to the second major destination, Ghana (X tons), twofold. Turkey (X tons) ranked third in terms of total exports with an 11% share.

From 2012 to 2021, the average annual growth rate of volume to Egypt amounted to +7.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ghana (+73.3% per year) and Turkey (+23.0% per year).

In value terms, the largest markets for driving and non-driving axle exported from Bulgaria were Turkey ($X), Russia ($X) and Romania ($X), with a combined 57% share of total exports. These countries were followed by Ghana, Greece, Egypt and Georgia, which together accounted for a further 16%.

Among the main countries of destination, Ghana, with a CAGR of +74.2%, saw 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 2021, the average driving and non-driving axle export price amounted to $X per ton, shrinking by -32.5% against the previous year. In general, the export price recorded a abrupt contraction. The growth pace was the most rapid in 2017 when the average export price increased by 173%. As a result, the export price attained the peak level of $X per ton. From 2018 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Romania ($X per ton), while the average price for exports to Egypt ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+2.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Drive-Axles with Differential and Non-Driving Axles

Imports into Bulgaria

In 2021, approx. X tons of drive-axles with differential and non-driving axles were imported into Bulgaria; growing by 13% on 2020. Over the period under review, imports, however, recorded a deep downturn. The most prominent rate of growth was recorded in 2013 when imports increased by 64%. As a result, imports reached the peak of X tons. From 2014 to 2021, the growth of imports failed to regain momentum.

In value terms, driving and non-driving axle imports soared to $X in 2021. Overall, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when imports increased by 43%. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, Germany (X tons) constituted the largest driving and non-driving axle supplier to Bulgaria, with a 35% share of total imports. Moreover, driving and non-driving axle imports from Germany exceeded the figures recorded by the second-largest supplier, Turkey (X tons), twofold. The third position in this ranking was held by Italy (X tons), with a 7.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany amounted to +3.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (-7.6% per year) and Italy (-4.0% per year).

In value terms, Germany ($X) constituted the largest supplier of driving and non-driving axle to Bulgaria, comprising 42% of total imports. The second position in the ranking was taken by Italy ($X), with an 8.8% share of total imports. It was followed by Turkey, with a 7.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany totaled +5.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+2.7% per year) and Turkey (-4.1% per year).

Import Prices by Country

In 2021, the average driving and non-driving axle import price amounted to $X per ton, picking up by 14% against the previous year. Over the period under review, import price indicated resilient growth from 2012 to 2021: its price increased at an average annual rate of +7.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, driving and non-driving axle import price increased by +38.0% against 2019 indices. The most prominent rate of growth was recorded in 2015 an increase of 48% against the previous year. The import price peaked in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was France ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+8.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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