Bulgaria: Electrical Insulator Market 2025

Electrical Insulator Market Size in Bulgaria

The Bulgarian electrical insulator market soared to $X in 2022, surging by 27% against the previous year. Over the period under review, consumption, however, recorded a slight contraction. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market remained at a lower figure.

Electrical Insulator Production in Bulgaria

In value terms, electrical insulator production surged to $X in 2022 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the production volume increased by 237%. As a result, production reached the peak level of $X. From 2018 to 2022, production growth failed to regain momentum.

Electrical Insulator Exports

Exports from Bulgaria

In 2022, shipments abroad of electrical insulators increased by 149% to X units, rising for the fifth consecutive year after two years of decline. In general, exports continue to indicate significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, electrical insulator exports surged to $X in 2022. Over the period under review, exports recorded a significant increase. The growth pace was the most rapid in 2018 when exports increased by 154% against the previous year. The exports peaked in 2022 and are likely to continue growth in the immediate term.

Exports by Country

Morocco (X units) was the main destination for electrical insulator exports from Bulgaria, with a 37% share of total exports. Moreover, electrical insulator exports to Morocco exceeded the volume sent to the second major destination, Germany (X units), threefold. The third position in this ranking was taken by Italy (X units), with a 9.5% share.

From 2012 to 2022, the average annual growth rate of volume to Morocco totaled +171.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+36.4% per year) and Italy (+11.7% per year).

In value terms, Germany ($X), Italy ($X) and Romania ($X) were the largest markets for electrical insulator exported from Bulgaria worldwide, together comprising 58% of total exports. Spain, Austria, Croatia, Slovenia, Iran, Morocco, Colombia, Argentina and Turkey lagged somewhat behind, together accounting for a further 27%.

Colombia, with a CAGR of +848.3%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average electrical insulator export price amounted to $X per unit, dropping by -49.4% against the previous year. Overall, the export price, however, showed a strong expansion. The most prominent rate of growth was recorded in 2014 an increase of 137% against the previous year. The export price peaked 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 external markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($X per unit), while the average price for exports to Argentina ($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 Germany (+38.0%), while the prices for the other major destinations experienced more modest paces of growth.

Electrical Insulator Imports

Imports into Bulgaria

For the third year in a row, Bulgaria recorded growth in purchases abroad of electrical insulators, which increased by 43% to X units in 2022. In general, imports, however, continue to indicate a slight contraction. Imports peaked at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, electrical insulator imports surged to $X in 2022. Over the period under review, total imports indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +88.7% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Vietnam (X units), China (X units) and France (X units) were the main suppliers of electrical insulator imports to Bulgaria, together accounting for 72% of total imports.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of +41.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X), China ($X) and Italy ($X) constituted the largest electrical insulator suppliers to Bulgaria, with a combined 69% share of total imports.

In terms of the main suppliers, Vietnam, with a CAGR of +47.7%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average electrical insulator import price stood at $X per unit in 2022, reducing by -4.1% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +5.2%. The pace of growth was the most pronounced in 2013 when the average import price increased by 63%. The import price peaked at $X per unit in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+21.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :