Motorcycle Tire Price in Bulgaria - 2023
Contents:
- Motorcycle Tire Price in Bulgaria (CIF) - 2023
- Motorcycle Tire Price in Bulgaria (FOB) - 2022
- Motorcycle Tire Imports in Bulgaria
- Motorcycle Tire Exports in Bulgaria
Motorcycle Tire Price in Bulgaria (CIF) - 2023
The average motorcycle tire import price stood at $56.4 per unit in August 2023, rising by 15% against the previous month. Over the period under review, import price indicated mild growth from August 2022 to August 2023: its price increased at an average monthly rate of +1.4% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on August 2023 figures, motorcycle tire import price increased by +14.7% against July 2023 indices. The most prominent rate of growth was recorded in April 2023 when the average import price increased by 87% m-o-m. As a result, import price reached the peak level of $63.2 per unit. From May 2023 to August 2023, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was Slovenia ($145 per unit), while the price for China ($17.5 per unit) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+14.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Motorcycle Tire Price in Bulgaria (FOB) - 2022
The average motorcycle tire export price stood at $34 per unit in 2022, which is down by -32.3% against the previous year. In general, the export price showed a abrupt descent. The pace of growth was the most pronounced in 2021 when the average export price increased by 86%. The export price peaked at $76 per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Albania ($73 per unit), while the average price for exports to Serbia ($8.9 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 Bosnia and Herzegovina (+4.4%), while the prices for the other major destinations experienced more modest paces of growth.
Motorcycle Tire Imports in Bulgaria
In 2022, motorcycle tire imports into Bulgaria soared to 50K units, growing by 57% compared with 2021 figures. In general, imports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2020 when imports increased by 58%. Over the period under review, imports attained the maximum in 2022 and are likely to see gradual growth in the near future.
In value terms, motorcycle tire imports skyrocketed to $1.6M in 2022. Overall, imports enjoyed a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Motorcycle Tire in Bulgaria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | 118 | 371 | 615 | 809 | 90.0% |
| Italy | 4.8 | 9.6 | 55.1 | 202 | 247.8% |
| Germany | 326 | 167 | 195 | 125 | -27.4% |
| Taiwan (Chinese) | 56.3 | 117 | 49.1 | 122 | 29.4% |
| Romania | 99.9 | 165 | 65.3 | 83.5 | -5.8% |
| China | 6.8 | 71.7 | 44.1 | 73.9 | 121.5% |
| Slovenia | N/A | 8.0 | 71.4 | 69.0 | 193.7% |
| Vietnam | 26.2 | 25.1 | 61.7 | 62.1 | 33.3% |
| Brazil | 77.1 | 46.9 | N/A | N/A | -39.2% |
| Others | 26.0 | 6.7 | 29.4 | 40.4 | 15.8% |
| Total | 741 | 987 | 1,187 | 1,587 | 28.9% |
Top Suppliers of Motorcycle Tire to Bulgaria in 2022:
- Poland (14.7K units)
- China (9.9K units)
- Taiwan (Chinese) (8.5K units)
- Vietnam (7.5K units)
- Italy (2.9K units)
- Slovenia (2.0K units)
- Germany (1.9K units)
- Romania (1.2K units)
Motorcycle Tire Exports in Bulgaria
In 2022, the amount of new pneumatic tyres for motorcycles exported from Bulgaria surged to 2.2K units, with an increase of 295% against the previous year. Over the period under review, exports saw a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, motorcycle tire exports surged to $74K in 2022. In general, exports recorded a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Motorcycle Tire in Bulgaria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Kosovo | N/A | 4.1 | 12.8 | 34.5 | 190.1% |
| Albania | N/A | 0.5 | 4.0 | 20.2 | 535.6% |
| Serbia | 5.3 | 8.0 | 0.5 | 7.3 | 11.3% |
| North Macedonia | N/A | N/A | 5.3 | 6.4 | 20.8% |
| Bosnia and Herzegovina | 4.8 | 0.3 | 4.8 | 4.8 | 0.0% |
| Georgia | 12.7 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | 0.4 | 0.8 | 100.0% |
| Total | 22.9 | 12.9 | 27.7 | 74.0 | 47.8% |
Top Export Markets for Motorcycle Tire from Bulgaria in 2022:
- Serbia (823.0 units)
- Kosovo (592.0 units)
- Bosnia and Herzegovina (334.0 units)
- Albania (278.0 units)
- North Macedonia (120.0 units)
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