Report Update Feb 1, 2025

Bulgaria - Electric Storage Heating Radiators - Market Analysis, Forecast, Size, Trends and Insights

Single report

Sent by email within 24h (Mon-Fri)

$599 Basic Edition

$2095 Professional Edition

What's the difference?

Subscription

Online access and download

from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing

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

Frequently Asked Questions (FAQ) :

What are the largest markets for electric storage heating radiators in the world?

China remains the largest electric heating radiator consuming country worldwide, comprising approx. 33% of total volume. Moreover, electric heating radiator consumption in China exceeded the figures recorded by the second-largest consumer, the United States, fourfold. India ranked third in terms of total consumption with a 7% share.

What are the largest producers of electric storage heating radiators in the world?

China remains the largest electric heating radiator producing country worldwide, accounting for 44% of total volume. Moreover, electric heating radiator production in China exceeded the figures recorded by the second-largest producer, India, fivefold. Germany ranked third in terms of total production with a 4% share.

What are the leading suppliers of electric storage heating radiators to Bulgaria?

In value terms, Lithuania constituted the largest supplier of electric heating radiator to Bulgaria.

What are the leading importers of electric storage heating radiators from Bulgaria?

In value terms, Romania emerged as the key foreign market for electric heating radiator exports from Bulgaria, comprising 92% of total exports. The second position in the ranking was occupied by Germany, with a 7.7% share of total exports.

What is the average export price for electric storage heating radiators in Bulgaria?

The average electric heating radiator export price stood at $227 per unit in 2020, rising by 358% against the previous year.

What is the average import price for electric storage heating radiators in Bulgaria?

The average electric heating radiator import price stood at $40 per unit in 2020, declining by -44.6% against the previous year.

This report provides an in-depth analysis of the electric heating radiator market in Bulgaria. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 27512630 - Electric storage heating radiators

Country coverage:

Bulgaria

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Bulgaria
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2024
22. Production, In Value Terms, 2012–2024
23. Imports, In Physical Terms, 2012–2024
24. Imports, In Value Terms, 2012–2024
25. Imports, In Physical Terms, By Country, 2024
26. Imports, In Physical Terms, By Country, 2012–2024
27. Imports, In Value Terms, By Country, 2012–2024
28. Import Prices, By Country Of Origin, 2012–2024
29. Exports, In Physical Terms, 2012–2024
30. Exports, In Value Terms, 2012–2024
31. Exports, In Physical Terms, By Country, 2024
32. Exports, In Physical Terms, By Country, 2012–2024
33. Exports, In Value Terms, By Country, 2012–2024
34. Export Prices, By Country Of Destination, 2012–2024