Bulgaria: Domestic Electro-Thermic Appliances Market 2024

Domestic Electro-Thermic Appliances Market Size in Bulgaria

After six years of growth, the Bulgarian domestic electro-thermic appliances market decreased by X% to $X in 2022. Overall, the total consumption indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2015 indices. As a result, consumption reached the peak level of $X, and then declined in the following year.

Domestic Electro-Thermic Appliances Production in Bulgaria

In value terms, domestic electro-thermic appliances production expanded notably to $X in 2022 estimated in export price. In general, production, however, continues to indicate prominent growth. The pace of growth appeared the most rapid in 2014 when the production volume increased by X%. Domestic electro-thermic appliances production peaked in 2022 and is expected to retain growth in the immediate term.

Domestic Electro-Thermic Appliances Exports

Exports from Bulgaria

Domestic electro-thermic appliances exports from Bulgaria shrank to X units in 2022, with a decrease of X% against 2021. Over the period under review, exports, however, continue to indicate a prominent expansion. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. As a result, the exports attained the peak of X units. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, domestic electro-thermic appliances exports rose markedly to $X in 2022. In general, exports, however, recorded a prominent expansion. The pace of growth appeared the most rapid in 2014 with an increase of X%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Greece (X units), Romania (X units) and Ukraine (X units) were the main destinations of domestic electro-thermic appliances exports from Bulgaria, together accounting for X% of total exports. Morocco, Spain, Germany, Poland, the Netherlands, Croatia, Serbia, Kosovo, Hungary and Slovakia lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Netherlands (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for domestic electro-thermic appliances exported from Bulgaria were Greece ($X), Romania ($X) and Ukraine ($X), with a combined X% share of total exports. Spain, Morocco, Germany, Poland, the Netherlands, Croatia, Slovakia, Serbia, Hungary and Kosovo lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, the Netherlands, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average domestic electro-thermic appliances export price amounted to $X per unit, rising by X% against the previous year. Overall, export price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, domestic electro-thermic appliances export price increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2020 when the average export price increased by X%. The export price peaked in 2022 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Greece ($X per unit), while the average price for exports to Kosovo ($X 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 Romania (X%), while the prices for the other major destinations experienced more modest paces of growth.

Domestic Electro-Thermic Appliances Imports

Imports into Bulgaria

Domestic electro-thermic appliances imports into Bulgaria reduced dramatically to X units in 2022, falling by X% on the previous year. Over the period under review, imports saw a pronounced decrease. The pace of growth appeared the most rapid in 2019 when imports increased by X%. Imports peaked at X units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, domestic electro-thermic appliances imports amounted to $X in 2022. Overall, imports, however, continue to indicate a buoyant expansion. The pace of growth appeared the most rapid in 2021 when imports increased by X%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, China (X units) constituted the largest domestic electro-thermic appliances supplier to Bulgaria, accounting for a X% share of total imports. Moreover, domestic electro-thermic appliances imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), fivefold. The third position in this ranking was taken by Romania (X units), with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Romania (X% per year).

In value terms, Romania ($X), China ($X) and Hungary ($X) were the largest domestic electro-thermic appliances suppliers to Bulgaria, together accounting for X% of total imports. Slovakia, Turkey, Germany, Italy, Slovenia, Poland, Spain, Greece and Hong Kong SAR lagged somewhat behind, together comprising a further X%.

Slovakia, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average domestic electro-thermic appliances import price stood at $X per unit in 2022, rising by X% against the previous year. Overall, the import price continues to indicate a prominent expansion. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. Over the period under review, average import prices reached 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 Hungary ($X per unit), while the price for Hong Kong SAR ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :