Bulgaria: Market for Domestic, Non-Electric, Cooking Or Heating Appliances 2024

Market Size for Domestic, Non-Electric, Cooking Or Heating Appliances in Bulgaria

In 2021, the Bulgarian market for domestic, non-electric, cooking or heating appliances was finally on the rise to reach $X after two years of decline. The market value increased at an average annual rate of +3.8% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations in certain years. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Domestic, Non-Electric, Cooking Or Heating Appliances in Bulgaria

In value terms, production of domestic, non-electric, cooking or heating appliances surged to $X in 2021 estimated in export price. Overall, production continues to indicate resilient growth. The pace of growth appeared the most rapid in 2020 with an increase of 35%. Production of peaked at $X in 2017; however, from 2018 to 2021, production remained at a lower figure.

Exports of Domestic, Non-Electric, Cooking Or Heating Appliances

Exports from Bulgaria

In 2021, exports of domestic, non-electric, cooking or heating appliances from Bulgaria totaled X tons, flattening at the year before. Overall, exports, however, showed a deep downturn. The most prominent rate of growth was recorded in 2019 when exports increased by 34%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, exports of domestic, non-electric, cooking or heating appliances surged to $X in 2021. Over the period under review, exports, however, showed a deep downturn. Over the period under review, the exports of hit record highs at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

The Czech Republic (X tons), Romania (X tons) and Italy (X tons) were the main destinations of exports of domestic, non-electric, cooking or heating appliances from Bulgaria, with a combined 60% share of total exports.

From 2012 to 2021, the biggest increases were recorded for the Czech Republic (with a CAGR of +88.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for domestic, non-electric, cooking or heating appliance exported from Bulgaria were the Czech Republic ($X), Romania ($X) and Italy ($X), together comprising 51% of total exports.

In terms of the main countries of destination, the Czech Republic, with a CAGR of +89.5%, 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 2021, the average export price for domestic, non-electric, cooking or heating appliances amounted to $X per ton, with an increase of 43% against the previous year. In general, export price indicated a notable increase from 2012 to 2021: its price increased at an average annual rate of +3.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 an increase of 89% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was France ($X per ton), while the average price for exports to Albania ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to France (+29.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Domestic, Non-Electric, Cooking Or Heating Appliances

Imports into Bulgaria

In 2021, supplies from abroad of domestic, non-electric, cooking or heating appliances increased by 31% to X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, imports, however, showed a perceptible shrinkage. Over the period under review, imports of attained the peak figure at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, imports of domestic, non-electric, cooking or heating appliances skyrocketed to $X in 2021. Overall, total imports indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +6.4% over the last nine-year period. The trend pattern, however, 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.

Imports by Country

Turkey (X tons), China (X tons) and Lithuania (X tons) were the main suppliers of imports of domestic, non-electric, cooking or heating appliances to Bulgaria, with a combined 76% share of total imports. These countries were followed by Germany, Greece, Romania, Poland, the Netherlands, Serbia and the UK, which together accounted for a further 17%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of +47.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest domestic, non-electric, cooking or heating appliance suppliers to Bulgaria were Turkey ($X), China ($X) and Germany ($X), with a combined 58% share of total imports. These countries were followed by Romania, Lithuania, Poland, the Netherlands, Greece, the UK and Serbia, which together accounted for a further 22%.

The Netherlands, with a CAGR of +54.6%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average import price for domestic, non-electric, cooking or heating appliances amounted to $X per ton, jumping by 25% against the previous year. In general, the import price showed a buoyant increase. The most prominent rate of growth was recorded in 2016 when the average import price increased by 46% against the previous year. Over the period under review, average import prices attained the peak figure in 2021 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Germany ($X per ton), while the price for Serbia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+9.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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