Overview of the Market for Motorcycle and Bicycle Tire in Bulgaria
The size of the motorcycle and bicycle tire market in Bulgaria dropped dramatically to $ in , which is down by -% 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). In general, the total consumption indicated notable growth from 2007 to : its value decreased at an average annual rate of -% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2010 with an increase of % year-to-year. Over the period under review, the market hit record highs at $ in 2015; however, from 2016 to , consumption failed to regain the momentum.