Price for Cycles; Parts Thereof, Saddles in Bulgaria - 2023

Contents:

1. Price for Cycles; Parts Thereof, Saddles in Bulgaria (CIF) - 2022
2. Price for Cycles; Parts Thereof, Saddles in Bulgaria (FOB) - 2022
3. Imports of Cycles; Parts Thereof, Saddles in Bulgaria
4. Exports of Cycles; Parts Thereof, Saddles in Bulgaria

Price for Cycles; Parts Thereof, Saddles in Bulgaria (CIF) - 2022

In 2022, the average cycles; parts thereof, saddles import price amounted to $4.7 per unit, rising by 14% against the previous year. Overall, the import price posted resilient growth. The growth pace was the most rapid in 2014 when the average import price increased by 25%. Over the period under review, average import prices attained the peak figure in 2022 and is likely to see steady growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Taiwan (Chinese) ($5.5 per unit) and Italy ($4.9 per unit), while the price for Vietnam ($4.2 per unit) and China ($4.5 per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+11.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Cycles; Parts Thereof, Saddles in Bulgaria (FOB) - 2022

In 2022, the average cycles; parts thereof, saddles export price amounted to $2.9 per unit, falling by -34.7% against the previous year. Over the period under review, the export price, however, recorded resilient growth. The pace of growth appeared the most rapid in 2015 when the average export price increased by 170% against the previous year. The export price peaked at $4.4 per unit in 2021, and then shrank dramatically in the following year.

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 Germany ($5.5 per unit), while the average price for exports to Austria ($0.5 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 Turkey (+194.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Cycles; Parts Thereof, Saddles in Bulgaria

In 2022, the amount of cycles; parts thereof, saddleses imported into Bulgaria soared to 1.6M units, picking up by 21% against the year before. Over the period under review, total imports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +11.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +57.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 30%. Over the period under review, imports attained the maximum in 2022 and are likely to see gradual growth in years to come.

In value terms, cycles; parts thereof, saddles imports surged to $7.4M in 2022. In general, imports recorded a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 59%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

Top Suppliers of Cycles; Parts Thereof, Saddles to Bulgaria in 2022:

1. Italy (709.4K units)
2. China (559.2K units)
3. Vietnam (234.8K units)
4. Taiwan (Chinese) (43.5K units)
5. Germany (16.6K units)

Exports of Cycles; Parts Thereof, Saddles in Bulgaria

In 2022, overseas shipments of cycles; parts thereof, saddleses decreased by -28% to 5K units, falling for the second year in a row after two years of growth. In general, exports, however, saw significant growth. The growth pace was the most rapid in 2020 with an increase of 1,506% against the previous year. As a result, the exports attained the peak of 28K units. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, cycles; parts thereof, saddles exports shrank notably to $14K in 2022. Over the period under review, exports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 2,069% against the previous year. As a result, the exports attained the peak of $104K. From 2021 to 2022, the growth of the exports failed to regain momentum.

Top Export Markets for Cycles; Parts Thereof, Saddles from Bulgaria in 2022:

1. Austria (1365.0 units)
2. Netherlands (1209.0 units)
3. Greece (876.0 units)
4. Belgium (575.0 units)
5. Germany (284.0 units)
6. Serbia (256.0 units)
7. Italy (139.0 units)

Source: IndexBox Market Intelligence Platform