Bulgaria: Electric Heating Radiator Market 2025

Electric Heating Radiator Market Size in Bulgaria

In 2021, the Bulgarian electric heating radiator market increased by 16% to $X for the first time since 2017, thus ending a three-year declining trend. In general, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Electric Heating Radiator Exports

Exports from Bulgaria

In 2021, the amount of electric storage heating radiators exported from Bulgaria reduced notably to X units, waning by -85.4% on the previous year. Over the period under review, exports recorded a abrupt setback. The smallest decline of -58% was in 2013. The exports peaked at X units in 2020, and then contracted markedly in the following year.

In value terms, electric heating radiator exports dropped sharply to $X in 2021. In general, exports, however, saw a temperate increase. The smallest decline of -24.3% was in 2013. The exports peaked at $X in 2020, and then contracted rapidly in the following year.

Exports by Country

Germany (X units) was the main destination for electric heating radiator exports from Bulgaria, accounting for a 75% share of total exports. Moreover, electric heating radiator exports to Germany exceeded the volume sent to the second major destination, North Macedonia (X units), fourfold.

From 2012 to 2021, the average annual growth rate of volume to Germany amounted to +17.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: North Macedonia (-5.7% per year) and Romania (-99.1% per year).

In value terms, Germany ($X) emerged as the key foreign market for electric storage heating radiators exports from Bulgaria, comprising 96% of total exports. The second position in the ranking was taken by North Macedonia ($X), with a 2.3% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany totaled +57.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: North Macedonia (-3.9% per year) and Romania (-99.5% per year).

Export Prices by Country

In 2021, the average electric heating radiator export price amounted to $X per unit, surging by 153% against the previous year. Overall, the export price posted a significant increase. The pace of growth was the most pronounced in 2016 an increase of 224% against the previous year. Over the period under review, the average export prices attained the maximum in 2021 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to North Macedonia ($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 Germany (+33.7%), while the prices for the other major destinations experienced mixed trend patterns.

Electric Heating Radiator Imports

Imports into Bulgaria

In 2021, supplies from abroad of electric storage heating radiators increased by 10% to X units, rising for the second year in a row after two years of decline. Overall, imports, however, recorded a pronounced setback. The pace of growth appeared the most rapid in 2015 with an increase of 43% against the previous year. Imports peaked at X units in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, electric heating radiator imports rose notably to $X in 2021. In general, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when imports increased by 26%. Imports peaked in 2021 and are likely to see steady growth in the immediate term.

Imports by Country

In 2021, Lithuania (X units) was the main supplier of electric heating radiator to Bulgaria, accounting for a approx. 97% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from Lithuania amounted to -2.3%.

In value terms, Lithuania ($X) constituted the largest supplier of electric storage heating radiators to Bulgaria.

From 2012 to 2021, the average annual rate of growth in terms of value from Lithuania was relatively modest.

Import Prices by Country

In 2021, the average electric heating radiator import price amounted to $X per unit, growing by 3.3% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.7%. The most prominent rate of growth was recorded in 2013 when the average import price increased by 24%. Over the period under review, average import prices reached the peak figure at $X per unit in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for Lithuania.

From 2012 to 2021, the rate of growth in terms of prices for Lithuania amounted to +2.7% per year.

Source: IndexBox Platform

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