Bulgaria: Market for Diesel or Semi-Diesel Electric Generating Sets of Output Under 75 kVA 2024

Market Size for Diesel or Semi-Diesel Electric Generating Sets of Output Under 75 kVA in Bulgaria

The Bulgarian market for diesel or semi-diesel electric generating sets of output under X kVA rose sharply to $X in 2021, increasing by 14% 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 measured growth from 2012 to 2021: its value increased at an average annual rate of +3.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -6.0% against 2018 indices. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market remained at a lower figure.

Exports of Diesel or Semi-Diesel Electric Generating Sets of Output Under 75 kVA

Exports from Bulgaria

In 2021, the amount of diesel or semi-diesel electric generating sets of output under X kVA exported from Bulgaria soared to X units, surging by 41% compared with the year before. In general, exports continue to indicate a strong increase. The most prominent rate of growth was recorded in 2018 with an increase of 460% against the previous year. Over the period under review, the exports of hit record highs in 2021 and are likely to continue growth in the near future.

In value terms, exports of diesel or semi-diesel electric generating sets of output under X kVA dropped to $X in 2021. Over the period under review, exports saw prominent growth. The growth pace was the most rapid in 2016 with an increase of 363%. Over the period under review, the exports of hit record highs at $X in 2020, and then shrank in the following year.

Exports by Country

Serbia (X units) was the main destination for exports of diesel or semi-diesel electric generating sets of output under X kVA from Bulgaria, with a 67% share of total exports. Moreover, exports of diesel or semi-diesel electric generating sets of output under X kVA to Serbia exceeded the volume sent to the second major destination, North Macedonia (X units), more than tenfold. The third position in this ranking was held by Georgia (X units), with a 6.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Serbia stood at +54.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: North Macedonia (-15.7% per year) and Georgia (+20.1% per year).

In value terms, Serbia ($X) remains the key foreign market for diesel or semi-diesel electric generating sets of output under X kVA exports from Bulgaria, comprising 53% of total exports. The second position in the ranking was held by Georgia ($X), with an 18% share of total exports. It was followed by North Macedonia, with an 11% share.

From 2012 to 2021, the average annual growth rate of value to Serbia totaled +62.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Georgia (+92.7% per year) and North Macedonia (-6.8% per year).

Export Prices by Country

The average export price for diesel or semi-diesel electric generating sets of output under X kVA stood at $X per unit in 2021, waning by -34.7% against the previous year. In general, the export price, however, enjoyed a buoyant expansion. The growth pace was the most rapid in 2020 an increase of 105% against the previous year. The export price peaked at $X per unit in 2016; however, from 2017 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Georgia ($X per unit), while the average price for exports to Russia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Romania (+48.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Diesel or Semi-Diesel Electric Generating Sets of Output Under 75 kVA

Imports into Bulgaria

In 2021, imports of diesel or semi-diesel electric generating sets of output under X kVA into Bulgaria expanded significantly to X units, growing by 9.5% compared with 2020. Overall, imports continue to indicate a modest expansion. The pace of growth appeared the most rapid in 2018 when imports increased by 70% against the previous year. Over the period under review, imports of hit record highs at X units in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, imports of diesel or semi-diesel electric generating sets of output under X kVA skyrocketed to $X in 2021. In general, total imports indicated a notable increase from 2012 to 2021: its value increased at an average annual rate of +4.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 when imports increased by 53%. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports of remained at a lower figure.

Imports by Country

Turkey (X units), China (X units) and Germany (X units) were the main suppliers of imports of diesel or semi-diesel electric generating sets of output under X kVA to Bulgaria, together comprising 68% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +37.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X) constituted the largest supplier of diesel or semi-diesel electric generating sets of output under X kVA to Bulgaria, comprising 45% of total imports. The second position in the ranking was held by China ($X), with an 11% share of total imports. It was followed by Romania, with an 11% share.

From 2012 to 2021, the average annual growth rate of value from Turkey totaled +8.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+39.4% per year) and Romania (+29.2% per year).

Import Prices by Country

In 2021, the average import price for diesel or semi-diesel electric generating sets of output under X kVA amounted to $X per unit, rising by 8.6% against the previous year. Over the period under review, import price indicated noticeable growth from 2012 to 2021: its price increased at an average annual rate of +3.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, import price for diesel or semi-diesel electric generating sets of output under X kVA decreased by -32.1% against 2015 indices. The most prominent rate of growth was recorded in 2015 when the average import price increased by 60% against the previous year. As a result, import price reached the peak level of $X per unit. From 2016 to 2021, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per unit), while the price for Germany ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+72.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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