Bulgaria: Electro-Magnetic Coupling Market 2025

Electro-Magnetic Coupling Market Size in Bulgaria

In 2022, the Bulgarian electro-magnetic coupling market decreased by -39.7% to $X for the first time since 2017, thus ending a four-year rising trend. Over the period under review, consumption, however, posted a temperate expansion. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Electro-Magnetic Coupling Exports

Exports from Bulgaria

In 2022, approx. X tons of electro-magnetic couplings, clutches and brakes were exported from Bulgaria; picking up by 393% compared with 2021. In general, exports recorded a significant expansion. The growth pace was the most rapid in 2021 when exports increased by 1,587%. The exports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, electro-magnetic coupling exports surged to $X in 2022. Over the period under review, exports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 517% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Germany (X tons) was the main destination for electro-magnetic coupling exports from Bulgaria, accounting for a 96% share of total exports. Moreover, electro-magnetic coupling exports to Germany exceeded the volume sent to the second major destination, Belgium (X kg), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany stood at +85.0%.

In value terms, Germany ($X) remains the key foreign market for electro-magnetic couplings, clutches and brakes exports from Bulgaria, comprising 93% of total exports. The second position in the ranking was taken by Belgium ($X), with a 3.7% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany amounted to +79.0%.

Export Prices by Country

The average electro-magnetic coupling export price stood at $X per ton in 2022, increasing by 21% against the previous year. In general, the export price, however, showed a abrupt curtailment. The most prominent rate of growth was recorded in 2014 when the average export price increased by 433% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the average price for exports to Germany amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Iran (+5.1%), while the prices for the other major destinations experienced mixed trend patterns.

Electro-Magnetic Coupling Imports

Imports into Bulgaria

After two years of growth, supplies from abroad of electro-magnetic couplings, clutches and brakes decreased by -19.2% to X tons in 2022. In general, imports, however, enjoyed a noticeable expansion. The most prominent rate of growth was recorded in 2013 with an increase of 125%. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports remained at a lower figure.

In value terms, electro-magnetic coupling imports amounted to $X in 2022. Over the period under review, imports, however, continue to indicate a strong increase. The pace of growth was the most pronounced in 2013 with an increase of 139%. Imports peaked in 2022 and are likely to see steady growth in years to come.

Imports by Country

In 2022, Germany (X tons) constituted the largest electro-magnetic coupling supplier to Bulgaria, accounting for a 68% share of total imports. Moreover, electro-magnetic coupling imports from Germany exceeded the figures recorded by the second-largest supplier, Belgium (X tons), sevenfold. Greece (X tons) ranked third in terms of total imports with a 6.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany totaled +3.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+57.9% per year) and Greece (+108.8% per year).

In value terms, Germany ($X) constituted the largest supplier of electro-magnetic couplings, clutches and brakes to Bulgaria, comprising 70% of total imports. The second position in the ranking was held by Belgium ($X), with a 12% share of total imports. It was followed by Spain, with a 3.2% share.

From 2012 to 2022, the average annual growth rate of value from Germany amounted to +12.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+62.1% per year) and Spain (+52.4% per year).

Import Prices by Country

In 2022, the average electro-magnetic coupling import price amounted to $X per ton, jumping by 32% against the previous year. Overall, import price indicated a buoyant expansion from 2012 to 2022: its price increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, electro-magnetic coupling import price increased by +128.4% against 2018 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 Belgium ($X per ton), while the price for Greece ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+8.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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