Bulgaria: Market for Motor Vehicle Chassis Fitted With Engines 2025

Market Size for Motor Vehicle Chassis Fitted With Engines in Bulgaria

The Bulgarian market for motor vehicle chassis fitted with engines expanded markedly to $X in 2022, growing by 12% against the previous year. Overall, consumption, however, saw a abrupt setback. Consumption of peaked at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Production of Motor Vehicle Chassis Fitted With Engines in Bulgaria

In value terms, production of motor vehicle chassis fitted with engines amounted to $X in 2022 estimated in export price. Overall, production, however, saw a abrupt contraction. The pace of growth was the most pronounced in 2017 with an increase of 34% against the previous year. Production of peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Motor Vehicle Chassis Fitted With Engines

Exports from Bulgaria

Exports of motor vehicle chassis fitted with engines from Bulgaria contracted significantly to X units in 2022, reducing by -33.5% on 2021 figures. Over the period under review, exports, however, enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2015 with an increase of 355% against the previous year. Over the period under review, the exports of hit record highs at X units in 2021, and then dropped markedly in the following year.

In value terms, exports of motor vehicle chassis fitted with engines contracted dramatically to $X in 2022. Overall, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when exports increased by 1,285% against the previous year. As a result, the exports reached the peak of $X. From 2016 to 2022, the growth of the exports of remained at a somewhat lower figure.

Exports by Country

Romania (X units) was the main destination for exports of motor vehicle chassis fitted with engines from Bulgaria, with a 86% share of total exports. Moreover, exports of motor vehicle chassis fitted with engines to Romania exceeded the volume sent to the second major destination, Turkey (X units), tenfold. The third position in this ranking was held by Iran (X units), with a 1.5% share.

From 2012 to 2022, the average annual growth rate of volume to Romania amounted to +60.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (-1.7% per year) and Iran (+7.2% per year).

In value terms, Romania ($X) remains the key foreign market for motor vehicle chassis fitted with engines exports from Bulgaria, comprising 65% of total exports. The second position in the ranking was taken by Germany ($X), with a 15% share of total exports. It was followed by Turkey, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Romania stood at +34.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-15.5% per year) and Turkey (-17.6% per year).

Export Prices by Country

In 2022, the average export price for motor vehicle chassis fitted with engines amounted to $X per unit, which is down by -32% against the previous year. Overall, the export price saw a abrupt curtailment. The most prominent rate of growth was recorded in 2015 when the average export price increased by 204% against the previous year. Over the period under review, the average export prices attained the maximum at $X per unit in 2016; however, from 2017 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 Germany ($X per unit), while the average price for exports to Iran ($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 Germany (+5.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Motor Vehicle Chassis Fitted With Engines

Imports into Bulgaria

In 2022, purchases abroad of motor vehicle chassis fitted with engines increased by 29% to X units, rising for the third consecutive year after six years of decline. Over the period under review, imports, however, faced a deep contraction. The most prominent rate of growth was recorded in 2020 when imports increased by 190%. Over the period under review, imports of attained the maximum at X units in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, imports of motor vehicle chassis fitted with engines surged to $X in 2022. Overall, imports, however, showed a perceptible decline. The most prominent rate of growth was recorded in 2021 when imports increased by 169% against the previous year. Imports peaked at $X in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Germany (X units), Sweden (X units) and Lithuania (X units) were the main suppliers of imports of motor vehicle chassis fitted with engines to Bulgaria, together accounting for 65% of total imports. The United Arab Emirates, Romania, the Netherlands, Italy and Austria lagged somewhat behind, together comprising a further 28%.

From 2012 to 2022, the biggest increases were recorded for the United Arab Emirates (with a CAGR of +35.1%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, Sweden ($X) constituted the largest supplier of motor vehicle chassis fitted with engines to Bulgaria, comprising 40% of total imports. The second position in the ranking was taken by Germany ($X), with a 19% share of total imports. It was followed by Lithuania, with a 17% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Sweden amounted to -5.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-8.0% per year) and Lithuania (0.0% per year).

Import Prices by Country

The average import price for motor vehicle chassis fitted with engines stood at $X per unit in 2022, growing by 106% against the previous year. Over the period under review, the import price recorded buoyant growth. The pace of growth appeared the most rapid in 2015 when the average import price increased by 204%. Over the period under review, average import prices reached the maximum in 2022 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Sweden ($X per unit), while the price for the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+53.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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