Bulgaria: Market for Tyres For Motorcycles or Bicycles 2025

Market Size for Tyres For Motorcycles or Bicycles in Bulgaria

The Bulgarian motorcycle or bicycle tyre market soared to $X in 2022, with an increase of X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption enjoyed a strong expansion. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in years to come.

Exports of Tyres For Motorcycles or Bicycles

Exports from Bulgaria

In 2022, shipments abroad of tyres for motorcycles or bicycles decreased by X% to X units, falling for the second year in a row after two years of growth. In general, exports recorded a abrupt descent. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, motorcycle or bicycle tyre exports soared to $X in 2022. Overall, exports, however, enjoyed a temperate increase. The pace of growth appeared the most rapid in 2020 with an increase of X%. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

North Macedonia (X units), Serbia (X units) and Greece (X units) were the main destinations of motorcycle or bicycle tyre exports from Bulgaria, together accounting for X% of total exports. Bosnia and Herzegovina, Albania, the Netherlands and Romania lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Albania (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Serbia ($X), North Macedonia ($X) and Albania ($X) were the largest markets for motorcycle or bicycle tyre exported from Bulgaria worldwide, with a combined X% share of total exports.

Among the main countries of destination, Albania, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, 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 motorcycle or bicycle tyre export price amounted to $X per unit, picking up by X% against the previous year. Over the period under review, the export price posted a buoyant expansion. The growth pace was the most rapid in 2014 when the average export price increased by X% against the previous year. The export price peaked in 2022 and is expected to retain growth in the immediate term.

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

Imports of Tyres For Motorcycles or Bicycles

Imports into Bulgaria

In 2022, the amount of tyres for motorcycles or bicycles imported into Bulgaria skyrocketed to X units, jumping by X% against the year before. Over the period under review, total imports indicated a temperate increase from 2012 to 2022: its volume increased at an average annual rate of X% 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 X% against 2020 indices. The growth pace was the most rapid in 2014 with an increase of X%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, motorcycle or bicycle tyre imports soared to $X in 2022. In general, imports showed resilient growth. The pace of growth appeared the most rapid in 2021 when imports increased by X%. Over the period under review, imports reached the peak figure in 2022 and are likely to see steady growth in the near future.

Imports by Country

In 2022, Vietnam (X units) constituted the largest supplier of motorcycle or bicycle tyre to Bulgaria, accounting for a X% share of total imports. Moreover, motorcycle or bicycle tyre imports from Vietnam exceeded the figures recorded by the second-largest supplier, Germany (X units), twofold. China (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Vietnam amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and China (X% per year).

In value terms, the largest motorcycle or bicycle tyre suppliers to Bulgaria were Vietnam ($X), Germany ($X) and Indonesia ($X), together comprising X% of total imports. China, Italy, the Netherlands and the Czech Republic lagged somewhat behind, together comprising a further X%.

The Netherlands, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average motorcycle or bicycle tyre import price amounted to $X per unit, increasing by X% against the previous year. Over the period under review, import price indicated a prominent expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, motorcycle or bicycle tyre import price increased by X% against 2016 indices. The pace of growth appeared the most rapid in 2018 an increase of X% against the previous year. Over the period under review, average import prices attained the maximum in 2022 and is likely to see gradual growth in the immediate term.

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 Indonesia ($X per unit), while the price for the Czech Republic ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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