Bulgaria: Market for Electrical Transformers with Liquid Dielectric, of Power Handling Capacity over 10000 kVA 2024

Market Size for Electrical Transformers with Liquid Dielectric, of Power Handling Capacity over 10000 kVA in Bulgaria

After nine years of decline, the Bulgarian market for electrical transformers with liquid dielectric, of power handling capacity over X kVA increased by 127% to $X in 2022. Over the period under review, the total consumption indicated temperate growth 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. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Electrical Transformers with Liquid Dielectric, of Power Handling Capacity over X kVA in Bulgaria

In value terms, production of electrical transformers with liquid dielectric, of power handling capacity over X kVA stood at $X in 2022 estimated in export price. In general, the total production indicated measured growth 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, production decreased by -9.5% against 2020 indices. The pace of growth appeared the most rapid in 2020 when the production volume increased by 61%. As a result, production reached the peak level of $X. From 2021 to 2022, production of growth failed to regain momentum.

Exports of Electrical Transformers with Liquid Dielectric, of Power Handling Capacity over 10000 kVA

Exports from Bulgaria

In 2022, the amount of electrical transformers with liquid dielectric, of power handling capacity over X kVA exported from Bulgaria declined notably to X units, waning by -99.5% against the year before. Over the period under review, exports showed a abrupt setback. The growth pace was the most rapid in 2020 with an increase of 35,206% against the previous year. As a result, the exports reached the peak of X units. From 2021 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of electrical transformers with liquid dielectric, of power handling capacity over X kVA surged to $X in 2022. Overall, exports continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2015 when exports increased by 97% against the previous year. Over the period under review, the exports of reached the maximum at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Greece (X units) was the main destination for exports of electrical transformers with liquid dielectric, of power handling capacity over X kVA from Bulgaria, with a 70% share of total exports. Moreover, exports of electrical transformers with liquid dielectric, of power handling capacity over X kVA to Greece exceeded the volume sent to the second major destination, Albania (X units), eightfold. Serbia (X units) ranked third in terms of total exports with a 4.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Greece stood at +5.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Albania (+9.1% per year) and Serbia (-10.4% per year).

In value terms, Greece ($X) remains the key foreign market for electrical transformers with liquid dielectric, of power handling capacity over X kVA exports from Bulgaria, comprising 67% of total exports. The second position in the ranking was taken by Albania ($X), with a 15% share of total exports. It was followed by El Salvador, with a 6.5% share.

From 2012 to 2022, the average annual growth rate of value to Greece amounted to +7.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Albania (+30.9% per year) and El Salvador (-57.1% per year).

Export Prices by Country

The average export price for electrical transformers with liquid dielectric, of power handling capacity over X kVA stood at $X per unit in 2022, surging by 21,456% against the previous year. In general, the export price, however, saw a perceptible shrinkage. Over the period under review, the average export prices attained the maximum at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

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 Albania ($X per unit), while the average price for exports to Turkey ($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 El Salvador (+1,527.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Electrical Transformers with Liquid Dielectric, of Power Handling Capacity over 10000 kVA

Imports into Bulgaria

In 2022, the amount of electrical transformers with liquid dielectric, of power handling capacity over X kVA imported into Bulgaria contracted significantly to X units, with a decrease of -66.7% compared with 2021. In general, imports showed a significant decline. The growth pace was the most rapid in 2021 with an increase of 200% against the previous year. Imports peaked at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, imports of electrical transformers with liquid dielectric, of power handling capacity over X kVA dropped markedly to $X in 2022. Overall, imports showed a abrupt slump. The growth pace was the most rapid in 2021 with an increase of 202% against the previous year. Over the period under review, imports of reached the peak figure at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Slovenia (X units), Romania (X units) and Turkey (X units) were the main suppliers of imports of electrical transformers with liquid dielectric, of power handling capacity over X kVA to Bulgaria.

From 2012 to 2022, the biggest increases were recorded for Romania (with a CAGR of 0.0%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, Slovenia ($X) constituted the largest supplier of electrical transformers with liquid dielectric, of power handling capacity over X kVA to Bulgaria, comprising 75% of total imports. The second position in the ranking was taken by Turkey ($X), with a 14% share of total imports. It was followed by China, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Slovenia totaled -10.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (-27.5% per year) and China (-14.7% per year).

Import Prices by Country

In 2022, the average import price for electrical transformers with liquid dielectric, of power handling capacity over X kVA amounted to $X per unit, with an increase of 2.9% against the previous year. Overall, the import price saw buoyant growth. The pace of growth appeared the most rapid in 2017 an increase of 67%. The import price peaked in 2022 and is expected to retain growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+30.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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