Bulgaria: Market for Lead-Acid Accumulators (Excluding Starter Batteries) 2024

Market Size for Lead-Acid Accumulators (Excluding Starter Batteries) in Bulgaria

The Bulgarian market for lead-acid accumulators (excluding starter batteries) expanded sharply to $X in 2022, increasing by X% against the previous year. Overall, consumption saw a moderate increase. Lead-acid accumulators (excluding starter batteries) consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Production of Lead-Acid Accumulators (Excluding Starter Batteries) in Bulgaria

In value terms, lead-acid accumulators (excluding starter batteries) production amounted to $X in 2022 estimated in export price. Overall, production saw a deep reduction. The pace of growth appeared the most rapid in 2018 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Exports of Lead-Acid Accumulators (Excluding Starter Batteries)

Exports from Bulgaria

After three years of growth, shipments abroad of lead-acid accumulators (excluding starter batteries) decreased by X% to X units in 2022. Overall, exports continue to indicate a perceptible downturn. The most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. The exports peaked at X units in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, lead-acid accumulators (excluding starter batteries) exports contracted modestly to $X in 2022. Over the period under review, exports continue to indicate a abrupt decline. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Italy (X units), Russia (X units) and Germany (X units) were the main destinations of lead-acid accumulators (excluding starter batteries) exports from Bulgaria, together accounting for X% of total exports. Spain, France, Sweden, Ukraine, Romania, the Netherlands, Qatar, Slovakia, Serbia and Greece 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 Qatar (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for lead-acid accumulators (excluding starter batteries) exported from Bulgaria were Russia ($X), Italy ($X) and Germany ($X), with a combined X% share of total exports. Sweden, Spain, France, the Netherlands, Ukraine, Romania, Qatar, Slovakia, Serbia and Greece lagged somewhat behind, together comprising a further X%.

Qatar, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination 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 export price for lead-acid accumulators (excluding starter batteries) amounted to $X per unit, growing by X% against the previous year. Over the period under review, the export price, however, recorded a pronounced decrease. The growth pace was the most rapid in 2018 when the average export price increased by X%. As a result, the export price reached the peak level of $X per unit. From 2019 to 2022, the average export prices remained at a somewhat lower figure.

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

Imports of Lead-Acid Accumulators (Excluding Starter Batteries)

Imports into Bulgaria

In 2022, lead-acid accumulators (excluding starter batteries) imports into Bulgaria soared to X units, increasing by X% on 2021 figures. In general, imports, however, recorded a pronounced reduction. Imports peaked at X units in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, lead-acid accumulators (excluding starter batteries) imports surged to $X in 2022. Overall, total imports indicated a strong 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, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2013 with an increase of X%. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, China (X units) constituted the largest lead-acid accumulators (excluding starter batteries) supplier to Bulgaria, with a X% share of total imports. Moreover, lead-acid accumulators (excluding starter batteries) imports from China exceeded the figures recorded by the second-largest supplier, Poland (X units), twofold. Slovenia (X units) ranked third in terms of total imports with a X% share.

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

In value terms, China ($X), Germany ($X) and Poland ($X) appeared to be the largest lead-acid accumulators (excluding starter batteries) suppliers to Bulgaria, together accounting for X% of total imports. Slovenia, Vietnam, Italy, Greece, the Netherlands, Turkey, Hungary and the Czech Republic lagged somewhat behind, together comprising a further X%.

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

Import Prices by Country

The average import price for lead-acid accumulators (excluding starter batteries) stood at $X per unit in 2022, leveling off at the previous year. In general, the import price, however, enjoyed a resilient expansion. The pace of growth was the most pronounced in 2017 when the average import price increased by X% against the previous year. The import price peaked at $X per unit in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($X per unit), while the price for Turkey ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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