Bulgaria: Electric Rail Locomotive Market 2025

Electric Rail Locomotive Market Size in Bulgaria

In 2022, after two years of growth, there was significant decline in the Bulgarian electric rail locomotive market, when its value decreased by -43.5% to $X. In general, consumption, however, posted a temperate increase. As a result, consumption attained the peak level of $X, and then shrank sharply in the following year.

Electric Rail Locomotive Production in Bulgaria

In value terms, electric rail locomotive production soared to $X in 2022 estimated in export price. In general, production posted a significant expansion. The growth pace was the most rapid in 2013 with an increase of 222,684,800%. As a result, production reached the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

Electric Rail Locomotive Exports

Exports from Bulgaria

In 2022, the amount of electric rail locomotives exported from Bulgaria totaled X units, approximately reflecting the previous year's figure. Overall, exports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when exports increased by 200%. The exports peaked at X units in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, electric rail locomotive exports amounted to $X in 2022. In general, exports saw a significant expansion. The growth pace was the most rapid in 2016 with an increase of 1,985% against the previous year. Over the period under review, the exports attained the maximum at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

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

From 2012 to 2022, the average annual growth rate of volume to Romania was relatively modest.

From 2012 to 2022, the average annual growth rate of value to Romania stood at +42.0%.

Export Prices by Country

In 2022, the average electric rail locomotive export price amounted to $X per unit, remaining relatively unchanged against the previous year. In general, the export price enjoyed a significant expansion. The most prominent rate of growth was recorded in 2016 when the average export price increased by 942%. The export price peaked at $X per unit in 2020; however, from 2021 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 +42.0% per year.

Electric Rail Locomotive Imports

Imports into Bulgaria

After four years of growth, purchases abroad of electric rail locomotives decreased by -41.2% to X units in 2022. Over the period under review, imports recorded a perceptible slump. The growth pace was the most rapid in 2021 when imports increased by 467%. As a result, imports reached the peak of X units, and then dropped notably in the following year.

In value terms, electric rail locomotive imports dropped markedly to $X in 2022. Overall, imports, however, posted a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 517%. As a result, imports reached the peak of $X, and then dropped markedly in the following year.

Imports by Country

Romania (X units), Austria (X units) and Germany (X units) were the main suppliers of electric rail locomotive imports to Bulgaria, together accounting for 80% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Austria (with a CAGR of +20.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Austria ($X), Romania ($X) and Germany ($X) constituted the largest electric rail locomotive suppliers to Bulgaria, with a combined 91% share of total imports.

Among the main suppliers, Romania, with a CAGR of +76.0%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average electric rail locomotive import price amounted to $X per unit, with a decrease of -29.8% against the previous year. Overall, the import price, however, saw significant growth. The growth pace was the most rapid in 2016 when the average import price increased by 829% against the previous year. Over the period under review, average import prices reached the peak figure at $X per unit in 2018; however, from 2019 to 2022, 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 Austria ($X per unit), while the price for Croatia ($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 (+29.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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