| Product Code: ETC4988841 | Publication Date: Nov 2023 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
In 2024, Bulgaria`s marine vessel import shipments continued to be dominated by key exporters such as Romania, Netherlands, Ukraine, Turkey, and China. Despite a concerning high concentration level indicated by the Herfindahl-Hirschman Index (HHI), the industry experienced a significant decline with a CAGR of -6.58% from 2020 to 2024. The growth rate plummeted even further in 2024 with a staggering -70.36%. This trend signals potential challenges and shifts within the Market Top 5 Importing Countries and Market Competition (HHI) Analysis that importers and stakeholders need to closely monitor and adapt to in the coming years.

By 2027, Bulgaria's Marine Vessel market is forecasted to achieve a stable growth rate of 0.00%, with Germany leading the Europe region, followed by United Kingdom, France, Italy and Russia.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Bulgaria Marine Vessel Market Overview |
3.1 Bulgaria Country Macro Economic Indicators |
3.2 Bulgaria Marine Vessel Market Revenues & Volume, 2021 & 2031F |
3.3 Bulgaria Marine Vessel Market - Industry Life Cycle |
3.4 Bulgaria Marine Vessel Market - Porter's Five Forces |
3.5 Bulgaria Marine Vessel Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Bulgaria Marine Vessel Market Revenues & Volume Share, By System, 2021 & 2031F |
3.7 Bulgaria Marine Vessel Market Revenues & Volume Share, By End-use, 2021 & 2031F |
4 Bulgaria Marine Vessel Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing demand for marine transportation services in Bulgaria |
4.2.2 Increasing focus on maritime tourism and recreational activities |
4.2.3 Government initiatives to promote the maritime industry in Bulgaria |
4.3 Market Restraints |
4.3.1 High initial investment and maintenance costs for marine vessels |
4.3.2 Environmental regulations and sustainability concerns impacting vessel operations |
4.3.3 Economic instability affecting consumer spending on marine vessels |
5 Bulgaria Marine Vessel Market Trends |
6 Bulgaria Marine Vessel Market Segmentations |
6.1 Bulgaria Marine Vessel Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Bulgaria Marine Vessel Market Revenues & Volume, By Commercial Vessel, 2021-2031F |
6.1.3 Bulgaria Marine Vessel Market Revenues & Volume, By Passenger Ship, 2021-2031F |
6.1.4 Bulgaria Marine Vessel Market Revenues & Volume, By LNG/LPG Carrier, 2021-2031F |
6.1.5 Bulgaria Marine Vessel Market Revenues & Volume, By Special Purpose Vessel, 2021-2031F |
6.2 Bulgaria Marine Vessel Market, By System |
6.2.1 Overview and Analysis |
6.2.2 Bulgaria Marine Vessel Market Revenues & Volume, By Marine Engine, 2021-2031F |
6.2.3 Bulgaria Marine Vessel Market Revenues & Volume, By Sensor System, 2021-2031F |
6.2.4 Bulgaria Marine Vessel Market Revenues & Volume, By Control System, 2021-2031F |
6.2.5 Bulgaria Marine Vessel Market Revenues & Volume, By Electrical System, 2021-2031F |
6.2.6 Bulgaria Marine Vessel Market Revenues & Volume, By Auxiliary System, 2021-2031F |
6.2.7 Bulgaria Marine Vessel Market Revenues & Volume, By Communication System, 2021-2031F |
6.3 Bulgaria Marine Vessel Market, By End-use |
6.3.1 Overview and Analysis |
6.3.2 Bulgaria Marine Vessel Market Revenues & Volume, By Original Equipment Manufacturer (OEM), 2021-2031F |
6.3.3 Bulgaria Marine Vessel Market Revenues & Volume, By Aftermarket, 2021-2031F |
7 Bulgaria Marine Vessel Market Import-Export Trade Statistics |
7.1 Bulgaria Marine Vessel Market Export to Major Countries |
7.2 Bulgaria Marine Vessel Market Imports from Major Countries |
8 Bulgaria Marine Vessel Market Key Performance Indicators |
8.1 Average vessel utilization rate |
8.2 Number of new vessel registrations |
8.3 Average age of the marine vessel fleet |
8.4 Percentage of vessels equipped with eco-friendly technologies |
8.5 Number of maritime events and exhibitions in Bulgaria |
9 Bulgaria Marine Vessel Market - Opportunity Assessment |
9.1 Bulgaria Marine Vessel Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Bulgaria Marine Vessel Market Opportunity Assessment, By System, 2021 & 2031F |
9.3 Bulgaria Marine Vessel Market Opportunity Assessment, By End-use, 2021 & 2031F |
10 Bulgaria Marine Vessel Market - Competitive Landscape |
10.1 Bulgaria Marine Vessel Market Revenue Share, By Companies, 2024 |
10.2 Bulgaria Marine Vessel Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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