Bulgaria: Motor Vehicle Radiator Market 2025

Motor Vehicle Radiator Market Size in Bulgaria

The Bulgarian motor vehicle radiator market skyrocketed to $X in 2022, jumping by 8,370% against the previous year. In general, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Motor Vehicle Radiator Production in Bulgaria

In value terms, motor vehicle radiator production contracted modestly to $X in 2022 estimated in export price. In general, production recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of 22% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2022, production growth remained at a somewhat lower figure.

Motor Vehicle Radiator Exports

Exports from Bulgaria

In 2022, overseas shipments of radiators for motor vehicles increased by 15% to X units, rising for the second year in a row after two years of decline. Over the period under review, exports posted significant growth. The most prominent rate of growth was recorded in 2015 with an increase of 164%. Over the period under review, the exports reached the maximum at X units in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, motor vehicle radiator exports soared to $X in 2022. Overall, exports saw significant growth. The pace of growth appeared the most rapid in 2013 with an increase of 115% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to see steady growth in the near future.

Exports by Country

Georgia (X units) was the main destination for motor vehicle radiator exports from Bulgaria, with a 64% share of total exports. Moreover, motor vehicle radiator exports to Georgia exceeded the volume sent to the second major destination, Serbia (X units), ninefold. The third position in this ranking was taken by Greece (X units), with a 5.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Georgia stood at +97.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Serbia (+7.2% per year) and Greece (+60.8% per year).

In value terms, the largest markets for motor vehicle radiator exported from Bulgaria were Serbia ($X), Greece ($X) and Sweden ($X), with a combined 50% share of total exports. Albania, Turkey, North Macedonia, Georgia, Romania, Azerbaijan and Egypt lagged somewhat behind, together comprising a further 38%.

Albania, with a CAGR of +152.9%, saw the highest growth rate of 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

In 2022, the average motor vehicle radiator export price amounted to $X per unit, surging by 15% against the previous year. In general, the export price, however, showed a abrupt curtailment. The pace of growth appeared the most rapid in 2020 when the average export price increased by 86% against the previous year. The export price peaked 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 export markets. In 2022, amid the top suppliers, the country with the highest price was Romania ($X per unit), while the average price for exports to Georgia ($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 Albania (+17.4%), while the prices for the other major destinations experienced more modest paces of growth.

Motor Vehicle Radiator Imports

Imports into Bulgaria

In 2022, supplies from abroad of radiators for motor vehicles increased by 46% to X units, rising for the third year in a row after two years of decline. In general, imports recorded a prominent increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, motor vehicle radiator imports skyrocketed to $X in 2022. Overall, imports saw strong growth. The most prominent rate of growth was recorded in 2021 when imports increased by 42%. Over the period under review, imports reached the maximum in 2022 and are likely to see gradual growth in the near future.

Imports by Country

Poland (X units), China (X units) and Malta (X units) were the main suppliers of motor vehicle radiator imports to Bulgaria, together comprising 69% of total imports.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +37.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X) constituted the largest supplier of radiators for motor vehicles to Bulgaria, comprising 39% of total imports. The second position in the ranking was taken by China ($X), with a 12% share of total imports. It was followed by Germany, with a 9.4% share.

From 2012 to 2022, the average annual growth rate of value from Poland stood at +39.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+2.0% per year) and Germany (+7.1% per year).

Import Prices by Country

In 2022, the average motor vehicle radiator import price amounted to $X per unit, reducing by -6.4% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the average import price increased by 11% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2021, and then reduced in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+12.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform