Price for Yachts and Other Vessels; for Pleasure or Sports, Rowing Boats and Canoes in Bulgaria - 2023

Contents:

1. Price for Yachts and Other Vessels; for Pleasure or Sports, Rowing Boats and Canoes in Bulgaria (CIF) - 2022
2. Price for Yachts and Other Vessels; for Pleasure or Sports, Rowing Boats and Canoes in Bulgaria (FOB) - 2022
3. Imports of Yachts and Other Vessels; for Pleasure or Sports, Rowing Boats and Canoes in Bulgaria
4. Exports of Yachts and Other Vessels; for Pleasure or Sports, Rowing Boats and Canoes in Bulgaria

Price for Yachts and Other Vessels; for Pleasure or Sports, Rowing Boats and Canoes in Bulgaria (CIF) - 2022

In 2022, the average import price for yachts and other vessels; for pleasure or sports, rowing boats and canoeses amounted to $1,967 per unit, surging by 94% against the previous year. In general, the import price posted a remarkable increase. The most prominent rate of growth was recorded in 2014 an increase of 170%. As a result, import price reached the peak level of $4,609 per unit. From 2015 to 2022, the average import prices remained at a lower figure.

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 Italy ($18,411 per unit), while the price for China ($148 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+14.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Yachts and Other Vessels; for Pleasure or Sports, Rowing Boats and Canoes in Bulgaria (FOB) - 2022

In 2022, the average export price for yachts and other vessels; for pleasure or sports, rowing boats and canoeses amounted to $18,514 per unit, growing by 51% against the previous year. In general, the export price, however, saw a abrupt contraction. The pace of growth appeared the most rapid in 2018 when the average export price increased by 99%. Over the period under review, the average export prices reached the peak figure at $112,600 per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Turkey ($50,714 per unit), while the average price for exports to Serbia ($2,235 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 (+19.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Yachts and Other Vessels; for Pleasure or Sports, Rowing Boats and Canoes in Bulgaria

For the fourth consecutive year, Bulgaria recorded growth in supplies from abroad of yachts and other vessels; for pleasure or sports, rowing boats and canoeses, which increased by 19% to 12K units in 2022. Over the period under review, imports enjoyed significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 81%. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, imports of yachts and other vessels; for pleasure or sports, rowing boats and canoeses soared to $25M in 2022. In general, imports recorded a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Yachts and Other Vessels; for Pleasure or Sports, Rowing Boats and Canoes to Bulgaria in 2022:

1. China (5.8K units)
2. Ukraine (1.4K units)
3. Hungary (1.4K units)
4. Germany (1.0K units)
5. Italy (0.6K units)
6. Romania (0.4K units)
7. Turkey (0.3K units)
8. Belgium (0.3K units)
9. Czech Republic (0.2K units)

Exports of Yachts and Other Vessels; for Pleasure or Sports, Rowing Boats and Canoes in Bulgaria

Exports of yachts and other vessels; for pleasure or sports, rowing boats and canoeses from Bulgaria fell sharply to 156 units in 2022, which is down by -73.8% on the previous year's figure. Overall, exports recorded a noticeable descent. The pace of growth was the most pronounced in 2021 with an increase of 495%. As a result, the exports attained the peak of 595 units, and then declined significantly in the following year.

In value terms, exports of yachts and other vessels; for pleasure or sports, rowing boats and canoeses contracted rapidly to $2.9M in 2022. In general, exports, however, recorded a resilient expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 283%. As a result, the exports reached the peak of $7.3M, and then fell significantly in the following year.

Top Export Markets for Yachts and Other Vessels; for Pleasure or Sports, Rowing Boats and Canoes from Bulgaria in 2022:

1. Greece (32.0 units)
2. Marshall Islands (29.0 units)
3. United Kingdom (27.0 units)
4. Turkey (14.0 units)
5. Germany (13.0 units)
6. Romania (8.0 units)
7. Georgia (7.0 units)
8. Serbia (7.0 units)
9. Seychelles (5.0 units)
10. Armenia (4.0 units)

Source: IndexBox Market Intelligence Platform