Bulgaria - Relays - Market Analysis, Forecast, Size, Trends and Insights
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View PricingRelay Price in Bulgaria - 2023
Contents:
- Relay Price in Bulgaria (CIF) - 2022
- Relay Price in Bulgaria (FOB) - 2023
- Relay Imports in Bulgaria
- Relay Exports in Bulgaria
Relay Price in Bulgaria (CIF) - 2022
The average relay import price stood at $2.5 per unit in 2022, with an increase of 10% against the previous year. Overall, the import price showed buoyant growth. The most prominent rate of growth was recorded in 2013 when the average import price increased by 55% against the previous year. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Hong Kong SAR ($8.1 per unit), while the price for Brazil ($0.3 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+21.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Relay Price in Bulgaria (FOB) - 2023
The average relay export price stood at $9.2 per unit in August 2023, surging by 36% against the previous month. In general, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in January 2023 an increase of 42% against the previous month. The export price peaked at $12.0 per unit in June 2023; however, from July 2023 to August 2023, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Italy ($21.5 per unit), while the average price for exports to Turkey ($2.0 per unit) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+10.8%), while the prices for the other major destinations experienced more modest paces of growth.
Relay Imports in Bulgaria
In 2022, the amount of relays imported into Bulgaria surged to 16M units, growing by 29% compared with the previous year's figure. The total import volume increased at an average annual rate of +6.2% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, relay imports soared to $40M in 2022. In general, imports showed a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Relay in Bulgaria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 4.2 | 7.5 | 9.9 | 14.2 | 50.1% |
| Germany | 6.5 | 5.5 | 6.9 | 7.6 | 5.3% |
| Hong Kong SAR | 0.1 | 0.7 | 1.4 | 6.0 | 291.5% |
| Hungary | 1.2 | 1.1 | 1.3 | 2.1 | 20.5% |
| United States | 1.4 | 0.5 | 0.9 | 1.9 | 10.7% |
| Czech Republic | 0.6 | 0.8 | 0.8 | 0.9 | 14.5% |
| Austria | 0.5 | 0.6 | 0.7 | 0.7 | 11.9% |
| Romania | 0.1 | 0.2 | 0.3 | 0.5 | 71.0% |
| Portugal | 1.4 | 1.1 | 1.1 | 0.5 | -29.1% |
| Turkey | 0.5 | 0.4 | 0.2 | 0.4 | -7.2% |
| Brazil | N/A | N/A | N/A | 0.2 | 0% |
| France | 0.2 | 0.3 | 0.1 | 0.2 | 0.0% |
| Others | 2.5 | 3.1 | 4.3 | 4.4 | 20.7% |
| Total | 19.3 | 21.8 | 27.9 | 39.6 | 27.1% |
Top Suppliers of Relay to Bulgaria in 2022:
- Germany (4.0M units)
- China (3.1M units)
- United States (2.5M units)
- Portugal (1.1M units)
- Hungary (1.1M units)
- Brazil (0.7M units)
- Hong Kong SAR (0.7M units)
- Turkey (0.4M units)
- Czech Republic (0.4M units)
- Austria (0.4M units)
- Romania (0.3M units)
- France (0.2M units)
Relay Exports in Bulgaria
In 2022, approx. 7.3M units of relays were exported from Bulgaria; growing by 15% on 2021 figures. Over the period under review, exports recorded significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 150% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.
In value terms, relay exports surged to $37M in 2022. Overall, exports recorded a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 141%. The exports peaked in 2022 and are expected to retain growth in the near future.
| Export of Relay in Bulgaria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 1.1 | 5.9 | 9.4 | 9.9 | 108.0% |
| Italy | 0.9 | 2.7 | 3.9 | 6.9 | 97.2% |
| Sweden | 1.4 | 1.7 | 2.2 | 2.9 | 27.5% |
| Portugal | 0.1 | 0.6 | 1.1 | 2.0 | 171.4% |
| Poland | 0.1 | 0.2 | 0.3 | 1.3 | 135.1% |
| United States | 0.7 | 0.6 | 0.9 | 0.9 | 8.7% |
| Switzerland | 0.1 | 0.5 | 0.7 | 0.9 | 108.0% |
| Netherlands | 0.1 | 0.5 | 0.8 | 0.7 | 91.3% |
| Hungary | N/A | 0.1 | 0.2 | 0.6 | 144.9% |
| Czech Republic | N/A | 0.1 | 0.2 | 0.6 | 144.9% |
| Greece | N/A | N/A | 0.2 | 0.4 | 100.0% |
| Iran | N/A | N/A | N/A | 0.3 | 0% |
| Others | 1.8 | 2.6 | 5.1 | 9.1 | 71.6% |
| Total | 6.5 | 15.6 | 25.1 | 36.5 | 77.7% |
Top Export Markets for Relay from Bulgaria in 2022:
- Germany (1862.1K units)
- Italy (1526.0K units)
- Sweden (536.5K units)
- Portugal (372.1K units)
- Poland (239.9K units)
- Czech Republic (213.7K units)
- United States (164.8K units)
- Netherlands (159.2K units)
- Iran (157.2K units)
- Switzerland (125.5K units)
- Hungary (121.4K units)
- Greece (115.4K units)
This report provides an in-depth analysis of the relay market in Bulgaria. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 27122433 - Relays for a voltage . .60 V and for a current . 2 A
- Prodcom 27122435 - Relays for a voltage . .60 V and for a current > 2 A
- Prodcom 27122450 - Relays and contactors for a voltage > .60 V but . 1 kV
Country coverage:
- Bulgaria
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Bulgaria
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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