Brakes and servo-brakes market in Bulgaria

Earlier Report Observations

The Bulgarian market for brakes and servo-brakes demonstrated substantial growth from 2018 to 2024, with total market size increasing by over 70% from USD 31.8 million to USD 54.5 million. Domestic production played an increasingly important role, rising from USD 0.9 million to USD 3.4 million, a nearly fourfold expansion.

Following a market contraction in 2019, demand recovered sharply in 2021 and maintained strong growth through 2023. The market's expansion slowed notably in 2024, with size stabilizing just above the previous year's level.

Throughout the period, imports continued to supply the bulk of the market, but the rapid rise in local output highlights the sector's growing manufacturing base within Bulgaria.

Production brakes and servo-brakes in Bulgaria

In value, 2017-2020, K $ US

In 2019, Bulgaria's production of brakes and servo-brakes was valued at 945 K $ US, marking a controlled improvement of 3.1% compared to the previous year. Production decreased by 12.3% between 2017 and 2019, which translates to an annualized rate of 4.3%. The lowest value was recorded in 2018 at 917 K $ US, with the largest decline of 14.9% also occurring that year.

Annual dynamics of production in Bulgaria in value, 2017-2020, K $ US

Exports brakes and servo-brakes from Bulgaria

Exports in kind, t

Bulgaria's exports of brakes and servo-brakes declined for the second consecutive year in 2020, with volumes reaching 1 301 t, down 1.1% from the previous year. Between 2017 and 2020, exports increased by 9.1%, equating to an annualized growth rate of 2.9%. The peak volume was recorded in 2018 at 1 623 t, which saw the largest increase of 36.0%. In contrast, the largest decline of 18.9% occurred in 2019.

Annual dynamics of product's exports from Bulgaria in kind, 2017-2020, t

From 2017 to 2020, Germany, Serbia, and Romania were significant buyers of brakes and servo-brakes from Bulgaria, accounting for 22.0%, 12.8%, and 10.7% of exports in kind, respectively. However, their combined share reached only 45.4% of total exports, with the remaining 54.6% distributed among numerous other trading partners.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Bulgaria in kind, 2017-2020

Exports in value, K $ US

In 2020, Bulgaria's exports of brakes and servo-brakes in value terms stood at 9 818 K $ US, reflecting a 13.0% increase year-over-year. Over the period from 2017 to 2020, exports grew by 8.6%, with a compound annual growth rate of 2.8%. The lowest value was recorded in 2019 at 8 687 K $ US, which saw the largest decline of 13.6%. The peak value occurred in 2018 at 10 052 K $ US.

Annual dynamics of product's exports from Bulgaria in value, 2017-2020, K $ US

Between 2017 and 2020, Bulgaria's export structure in value terms remained highly diversified. Germany, Romania, and Greece accounted for 25.3%, 8.4%, and 8.0% of exports, respectively, but together they represented only 41.7% of total flows. The remaining 58.3% was distributed across a wide range of smaller markets.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Bulgaria in value, 2017-2020

Imports brakes and servo-brakes to Bulgaria

Imports in kind, t

In 2020, Bulgaria imported 7 150 t of brakes and servo-brakes, showing a modest increase of 7.8% from the previous year. Imports grew by 5.8% between 2017 and 2020, with an annualized rate of 1.9%. The lowest volume was recorded in 2019 at 6 630 t, which experienced the largest decline of 10.6%. The peak volume occurred in 2018 at 7 419 t, with the largest increase of 9.8% that year.

Annual dynamics of product's imports to Bulgaria in kind, 2017-2020, t

From 2017 to 2020, Germany, China, and Italy were the main sources of brakes and servo-brakes imports to Bulgaria, accounting for 26.2%, 14.1%, and 13.9% of imports in kind, respectively. Together, they absorbed 54.2% of total imports, establishing them as key trading partners.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Bulgaria in kind, 2017-2020

Imports in value, K $ US

Bulgaria imported brakes and servo-brakes valued at 36 151 K $ US in 2020, an 8.3% increase compared to 2019. Between 2017 and 2020, imports rose by 7.2%, with an annualized growth rate of 2.3%. The lowest value was recorded in 2019 at 36 151 K $ US, which saw the largest decline of 11.8%. The highest value occurred in 2018 at 40 967 K $ US, with the largest increase of 12.2% that year.

Annual dynamics of product's imports to Bulgaria in value, 2017-2020, K $ US

Throughout 2017 to 2020, Germany, Hungary, and Italy remained key partners in Bulgaria's imports in value terms, accounting for 32.4%, 13.8%, and 11.0% of imports, respectively. Together, they represented 57.2% of total import flows.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Bulgaria in value, 2017-2020