Bulgaria: Electric Lamp Market 2024

Electric Lamp Market Size in Bulgaria

In 2022, after three years of decline, there was growth in the Bulgarian electric lamp market, when its value increased by X% to $X. In general, consumption, however, continues to indicate a noticeable decline. Electric lamp consumption peaked at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Electric Lamp Production in Bulgaria

In value terms, electric lamp production rose modestly to $X in 2022 estimated in export price. In general, production, however, saw a abrupt contraction. The pace of growth appeared the most rapid in 2018 when the production volume increased by X%. Over the period under review, production attained the peak level at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Electric Lamp Exports

Exports from Bulgaria

In 2022, after two years of growth, there was decline in shipments abroad of electric lamps, when their volume decreased by X% to X units. Over the period under review, exports, however, recorded a slight increase. The most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X units in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, electric lamp exports declined to $X in 2022. In general, exports, however, enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. The exports peaked at $X in 2021, and then contracted in the following year.

Exports by Country

Georgia (X units) was the main destination for electric lamp exports from Bulgaria, accounting for a X% share of total exports. Moreover, electric lamp exports to Georgia exceeded the volume sent to the second major destination, Greece (X units), ninefold. The third position in this ranking was taken by Romania (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Georgia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Greece (X% per year) and Romania (X% per year).

In value terms, Georgia ($X) emerged as the key foreign market for electric lamps exports from Bulgaria, comprising X% of total exports. The second position in the ranking was taken by Greece ($X), with a X% share of total exports. It was followed by Italy, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Georgia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Greece (X% per year) and Italy (X% per year).

Export Prices by Country

In 2022, the average electric lamp export price amounted to $X per unit, which is down by X% against the previous year. In general, the export price, however, saw strong growth. The most prominent rate of growth was recorded in 2013 an increase of X%. Over the period under review, the average export prices reached the peak figure at $X per unit in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Poland ($X per unit), while the average price for exports to Serbia ($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 Poland (X%), while the prices for the other major destinations experienced more modest paces of growth.

Electric Lamp Imports

Imports into Bulgaria

In 2022, supplies from abroad of electric lamps decreased by X% to X units, falling for the fourth year in a row after two years of growth. Over the period under review, imports continue to indicate a pronounced shrinkage. The pace of growth appeared the most rapid in 2017 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X units in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, electric lamp imports declined to $X in 2022. Overall, imports, however, posted resilient growth. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Taiwan (Chinese) (X units) constituted the largest electric lamp supplier to Bulgaria, accounting for a X% share of total imports. Moreover, electric lamp imports from Taiwan (Chinese) exceeded the figures recorded by the second-largest supplier, Turkey (X units), more than tenfold. The third position in this ranking was taken by Poland (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Taiwan (Chinese) amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (X% per year) and Poland (X% per year).

In value terms, Taiwan (Chinese) ($X) constituted the largest supplier of electric lamps to Bulgaria, comprising X% of total imports. The second position in the ranking was held by Poland ($X), with a X% share of total imports. It was followed by Slovakia, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Taiwan (Chinese) stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (X% per year) and Slovakia (X% per year).

Import Prices by Country

In 2022, the average electric lamp import price amounted to $X per unit, which is down by X% against the previous year. Over the period under review, the import price, however, saw a resilient increase. The growth pace was the most rapid in 2020 when the average import price increased by X%. Over the period under review, average import prices attained the peak figure at $X per unit in 2021, and then declined in the following year.

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 Germany ($X per unit), while the price for Turkey ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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