Bulgaria: Market for Equipment For Internal Combustion Engines 2025

Market Size for Equipment For Internal Combustion Engines in Bulgaria

The Bulgarian internal combustion engine equipment market dropped to $X in 2022, falling by -10.6% against the previous year. In general, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Production of Equipment For Internal Combustion Engines in Bulgaria

In value terms, internal combustion engine equipment production dropped modestly to $X in 2022 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the production volume increased by 49% against the previous year. Internal combustion engine equipment production peaked at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Exports of Equipment For Internal Combustion Engines

Exports from Bulgaria

In 2022, internal combustion engine equipment exports from Bulgaria surged to X units, picking up by 124% compared with the previous year. Overall, exports recorded resilient growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, internal combustion engine equipment exports surged to $X in 2022. In general, exports showed a resilient increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Kazakhstan (X units), Poland (X units) and Serbia (X units) were the main destinations of internal combustion engine equipment exports from Bulgaria, together accounting for 46% of total exports.

From 2012 to 2022, the biggest increases were recorded for Kazakhstan (with a CAGR of +515.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for internal combustion engine equipment exported from Bulgaria were Kazakhstan ($X), Poland ($X) and Serbia ($X), with a combined 44% share of total exports.

Kazakhstan, with a CAGR of +468.9%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination 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 internal combustion engine equipment export price amounted to $X per unit, waning by -15.5% against the previous year. Over the period under review, the export price saw a pronounced decrease. The most prominent rate of growth was recorded in 2018 an increase of 30% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Portugal ($X per unit), while the average price for exports to the United States ($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 Portugal (+0.6%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Equipment For Internal Combustion Engines

Imports into Bulgaria

In 2022, overseas purchases of equipment for internal combustion engines decreased by 99.9% to less than X units for the first time since 2019, thus ending a two-year rising trend. Over the period under review, imports, however, saw a resilient expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 69%. As a result, imports reached the peak of X units, and then reduced dramatically in the following year.

In value terms, internal combustion engine equipment imports rose notably to $X in 2022. In general, total imports indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +68.7% against 2020 indices. The most prominent rate of growth was recorded in 2014 with an increase of 50%. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2021, Germany (X units) constituted the largest supplier of internal combustion engine equipment to Bulgaria, with a 51% share of total imports. Moreover, internal combustion engine equipment imports from Germany exceeded the figures recorded by the second-largest supplier, Romania (X units), threefold. France (X units) ranked third in terms of total imports with an 11% share.

From 2018 to 2021, the average annual rate of growth in terms of volume from Germany amounted to +39.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Romania (+14.2% per year) and France (+8.8% per year).

In value terms, Germany ($X) constituted the largest supplier of equipment for internal combustion engines to Bulgaria, comprising 51% of total imports. The second position in the ranking was taken by Romania ($X), with an 18% share of total imports. It was followed by France, with an 11% share.

From 2018 to 2021, the average annual growth rate of value from Germany stood at +33.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Romania (+9.4% per year) and France (+4.2% per year).

Import Prices by Country

The average internal combustion engine equipment import price stood at $X per unit in 2021, falling by -11.5% against the previous year. In general, the import price recorded a perceptible downturn. The most prominent rate of growth was recorded in 2019 when the average import price increased by 18%. As a result, import price reached the peak level of $X per unit. From 2020 to 2021, the average import prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were Austria ($X per unit) and China ($X per unit), while the price for Hungary ($X per unit) and Germany ($X per unit) were amongst the lowest.

From 2018 to 2021, the most notable rate of growth in terms of prices was attained by China (-4.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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