Bulgaria: Motorcycle And Bicycle Market 2025

Motorcycle And Bicycle Market Size in Bulgaria

After six years of growth, the Bulgarian motorcycle and bicycle market decreased by -6.7% to $X in 2021. In general, consumption, however, recorded a strong expansion. As a result, consumption reached the peak level of $X, and then reduced in the following year.

Motorcycle And Bicycle Production in Bulgaria

In value terms, motorcycle and bicycle production dropped to $X in 2021 estimated in export price. In general, production, however, saw resilient growth. The pace of growth was the most pronounced in 2018 when the production volume increased by 48% against the previous year. Over the period under review, production attained the maximum level at $X in 2020, and then dropped in the following year.

Motorcycle And Bicycle Exports

Exports from Bulgaria

In 2021, overseas shipments of motorcycles and bicycles increased by 1% to X units for the first time since 2018, thus ending a two-year declining trend. Overall, exports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when exports increased by 18%. The exports peaked at X units in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, motorcycle and bicycle exports surged to $X in 2021. Over the period under review, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2018 with an increase of 67% against the previous year. The exports peaked in 2021 and are expected to retain growth in years to come.

Exports by Country

Germany (X units) was the main destination for motorcycle and bicycle exports from Bulgaria, with a 45% share of total exports. Moreover, motorcycle and bicycle exports to Germany exceeded the volume sent to the second major destination, Belgium (X units), fourfold. The third position in this ranking was taken by Romania (X units), with an 8% share.

From 2012 to 2021, the average annual growth rate of volume to Germany totaled +5.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+5.6% per year) and Romania (+23.8% per year).

In value terms, Germany ($X) remains the key foreign market for motorcycles and bicycles exports from Bulgaria, comprising 54% of total exports. The second position in the ranking was held by Belgium ($X), with a 17% share of total exports. It was followed by Austria, with a 7.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany stood at +22.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+32.7% per year) and Austria (+31.9% per year).

Export Prices by Country

The average motorcycle and bicycle export price stood at $X per unit in 2021, increasing by 31% against the previous year. Overall, the export price showed a remarkable increase. The pace of growth appeared the most rapid in 2018 an increase of 45%. The export price peaked in 2021 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Austria ($X per unit), while the average price for exports to Greece ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+25.7%), while the prices for the other major destinations experienced more modest paces of growth.

Motorcycle And Bicycle Imports

Imports into Bulgaria

For the sixth year in a row, Bulgaria recorded growth in overseas purchases of motorcycles and bicycles, which increased by 59% to X units in 2021. In general, imports saw a resilient increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, motorcycle and bicycle imports surged to $X in 2021. Over the period under review, imports continue to indicate a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X units), Turkey (X units) and Serbia (X units) were the main suppliers of motorcycle and bicycle imports to Bulgaria, with a combined 64% share of total imports. The Netherlands, Romania, Italy, Sri Lanka, Germany and India lagged somewhat behind, together comprising a further 29%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Sri Lanka (with a CAGR of +489.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest motorcycle and bicycle suppliers to Bulgaria were China ($X), Italy ($X) and the Netherlands ($X), together comprising 47% of total imports. Turkey, Germany, Romania, Serbia, Sri Lanka and India lagged somewhat behind, together accounting for a further 29%.

Among the main suppliers, Sri Lanka, with a CAGR of +286.7%, saw the highest growth rate of 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 2021, the average motorcycle and bicycle import price amounted to $X per unit, growing by 2.7% against the previous year. Over the period under review, import price indicated buoyant growth from 2012 to 2021: its price increased at an average annual rate of +6.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, motorcycle and bicycle import price increased by +10.9% against 2019 indices. The pace of growth was the most pronounced in 2015 an increase of 45%. Over the period under review, average import prices reached the peak figure at $X per unit in 2016; however, from 2017 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Germany ($X per unit), while the price for India ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+18.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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