Bulgaria: Snow Motor Vehicle Market 2025

Snow Motor Vehicle Market Size in Bulgaria

The Bulgarian snow motor vehicle market skyrocketed to $X in 2022, increasing by 43% against the previous year. Over the period under review, consumption continues to indicate a resilient expansion. Snow motor vehicle consumption peaked in 2022 and is expected to retain growth in the immediate term.

Snow Motor Vehicle Production in Bulgaria

In value terms, snow motor vehicle production declined to $X in 2022 estimated in export price. Overall, production saw a relatively flat trend pattern. The growth pace was the most rapid in 2015 when the production volume increased by 19%. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Snow Motor Vehicle Exports

Exports from Bulgaria

In 2022, approx. X units of motor vehicles for travelling on snow or golf cars were exported from Bulgaria; waning by -59% on the previous year's figure. Over the period under review, exports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2016 when exports increased by 2,883% against the previous year. As a result, the exports reached the peak of X units. From 2017 to 2022, the growth of the exports remained at a lower figure.

In value terms, snow motor vehicle exports dropped dramatically to $X in 2022. Overall, exports continue to indicate a deep slump. The most prominent rate of growth was recorded in 2016 with an increase of 620%. As a result, the exports reached the peak of $X. From 2017 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Greece (X units), Romania (X units) and Ukraine (X units) were the main destinations of snow motor vehicle exports from Bulgaria, together comprising 72% of total exports. Georgia, Serbia and Lebanon lagged somewhat behind, together comprising a further 28%.

From 2012 to 2022, the biggest increases were recorded for Serbia (with a CAGR of +17.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for snow motor vehicle exported from Bulgaria were Ukraine ($X), Lebanon ($X) and Georgia ($X), with a combined 62% share of total exports. Greece, Romania and Serbia lagged somewhat behind, together comprising a further 38%.

Serbia, with a CAGR of +46.9%, recorded the highest rates of growth with regard to the value of exports, in terms of 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

The average snow motor vehicle export price stood at $X per unit in 2022, waning by -23.4% against the previous year. Overall, the export price showed a abrupt setback. The most prominent rate of growth was recorded in 2021 an increase of 411%. Over the period under review, the average export prices hit record highs at $X per unit in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Lebanon ($X per unit), while the average price for exports to Greece ($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 Italy (+291.1%), while the prices for the other major destinations experienced more modest paces of growth.

Snow Motor Vehicle Imports

Imports into Bulgaria

In 2022, the amount of motor vehicles for travelling on snow or golf cars imported into Bulgaria soared to X units, picking up by 34% compared with 2021 figures. Overall, imports showed significant growth. The growth pace was the most rapid in 2021 with an increase of 538%. Imports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, snow motor vehicle imports skyrocketed to $X in 2022. Over the period under review, imports showed a measured expansion. Over the period under review, imports hit record highs at $X in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of snow motor vehicle to Bulgaria, with a 76% share of total imports. Moreover, snow motor vehicle imports from China exceeded the figures recorded by the second-largest supplier, Romania (X units), eightfold. The third position in this ranking was taken by Germany (X units), with a 9.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +43.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Romania (+29.5% per year) and Germany (+12.7% per year).

In value terms, the largest snow motor vehicle suppliers to Bulgaria were Romania ($X), Germany ($X) and China ($X), together accounting for 84% of total imports.

Among the main suppliers, China, with a CAGR of +28.1%, saw 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

The average snow motor vehicle import price stood at $X per unit in 2022, increasing by 59% against the previous year. Overall, the import price, however, faced a abrupt decline. The import price peaked at $X per unit in 2015; however, from 2016 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 Russia ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+9.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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