Bulgaria: Electrical Transformer Market 2025

Electrical Transformer Market Size in Bulgaria

In 2022, the Bulgarian electrical transformer market increased by X% to $X, rising for the second year in a row after eight years of decline. Over the period under review, consumption, however, recorded a relatively flat trend pattern. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Electrical Transformer Production in Bulgaria

In value terms, electrical transformer production reduced dramatically to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a slight expansion. The pace of growth appeared the most rapid in 2020 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Electrical Transformer Exports

Exports from Bulgaria

In 2022, overseas shipments of electrical transformers decreased by X% to X units for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports, however, saw a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, the exports reached the peak of X units, and then shrank notably in the following year.

In value terms, electrical transformer exports expanded markedly to $X in 2022. In general, exports, however, continue to indicate resilient growth. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in years to come.

Exports by Country

Germany (X units), Hungary (X units) and China (X units) were the main destinations of electrical transformer exports from Bulgaria, with a combined X% share of total exports. Italy, the United States, Slovakia, Japan, Estonia, Sweden, India, Lithuania and the Czech Republic lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the key foreign market for electrical transformers exports from Bulgaria, comprising X% of total exports. The second position in the ranking was taken by Slovakia ($X), with a X% share of total exports. It was followed by China, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Germany stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovakia (X% per year) and China (X% per year).

Export Prices by Country

The average electrical transformer export price stood at $X per unit in 2022, surging by X% against the previous year. Over the period under review, the export price, however, recorded a deep contraction. Over the period under review, the average export prices hit record highs at $X per unit in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Lithuania ($X per unit), while the average price for exports to Hungary ($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 Sweden (X%), while the prices for the other major destinations experienced a decline.

Electrical Transformer Imports

Imports into Bulgaria

After ten years of growth, purchases abroad of electrical transformers decreased by X% to X units in 2022. Overall, imports, however, showed a strong increase. The growth pace was the most rapid in 2021 when imports increased by X%. As a result, imports reached the peak of X units, and then fell remarkably in the following year.

In value terms, electrical transformer imports skyrocketed to $X in 2022. Over the period under review, imports continue to indicate a perceptible slump. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Italy (X units) constituted the largest electrical transformer supplier to Bulgaria, with a X% share of total imports. Moreover, electrical transformer imports from Italy exceeded the figures recorded by the second-largest supplier, China (X units), twofold. Turkey (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Italy stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Turkey (X% per year).

In value terms, the largest electrical transformer suppliers to Bulgaria were Serbia ($X), China ($X) and Germany ($X), with a combined X% share of total imports.

In terms of the main suppliers, Serbia, with a CAGR of X%, recorded 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

In 2022, the average electrical transformer import price amounted to $X per unit, jumping by X% against the previous year. In general, the import price, however, saw a deep slump. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 Serbia ($X per unit), while the price for Italy ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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