Bulgaria: Market for Electro-Thermic Appliances Or Domestic Purposes 2022

Market Size for Electro-Thermic Appliances Or Domestic Purposes in Bulgaria

The Bulgarian market for electro-thermic appliances or domestic purposes surged to $X in 2021, with an increase of 17% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption showed a resilient expansion. Electro-thermic appliances or domestic purposes consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Exports of Electro-Thermic Appliances Or Domestic Purposes

Exports from Bulgaria

In 2021, approx. X units of electro-thermic appliances or domestic purposes were exported from Bulgaria; increasing by 81% against the previous year. Overall, exports, however, saw a abrupt downturn. The growth pace was the most rapid in 2019 with an increase of 3,031% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, electro-thermic appliances or domestic purposes exports skyrocketed to $X in 2021. In general, exports continue to indicate a noticeable expansion. The pace of growth appeared the most rapid in 2019 when exports increased by 3,989% against the previous year. As a result, the exports attained the peak of $X. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Greece (X units), Poland (X units) and Romania (X units) were the main destinations of electro-thermic appliances or domestic purposes exports from Bulgaria, with a combined 62% share of total exports. These countries were followed by Serbia, Israel, Kosovo, North Macedonia, Morocco, Hungary, the United Arab Emirates, Italy and Spain, which together accounted for a further 33%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Kosovo (with a CAGR of +2,142.2%), while the other leaders experienced more modest paces of growth.

In value terms, Greece ($X), Romania ($X) and Poland ($X) were the largest markets for electro-thermic appliances or domestic purposes exported from Bulgaria worldwide, together accounting for 65% of total exports. These countries were followed by Israel, Serbia, the United Arab Emirates, North Macedonia, Kosovo, Morocco, Hungary, Italy and Spain, which together accounted for a further 29%.

In terms of the main countries of destination, Kosovo, with a CAGR of +1,229.2%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for electro-thermic appliances or domestic purposes stood at $X per unit in 2021, shrinking by -8% against the previous year. Over the period under review, the export price, however, saw strong growth. The pace of growth was the most pronounced in 2017 when the average export price increased by 253% against the previous year. Over the period under review, the average export prices attained the maximum at $X per unit in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Spain ($X per unit), while the average price for exports to Italy ($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 Spain (+43.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Electro-Thermic Appliances Or Domestic Purposes

Imports into Bulgaria

In 2021, electro-thermic appliances or domestic purposes imports into Bulgaria surged to X units, picking up by 18% against 2020. Over the period under review, imports enjoyed a noticeable expansion. The growth pace was the most rapid in 2018 with an increase of 71%. Over the period under review, imports attained the maximum at X units in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, electro-thermic appliances or domestic purposes imports skyrocketed to $X in 2021. Overall, imports continue to indicate strong growth. The pace of growth appeared the most rapid in 2019 when imports increased by 88% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to continue growth in the near future.

Imports by Country

In 2021, Romania (X units) constituted the largest electro-thermic appliances or domestic purposes supplier to Bulgaria, with a 55% share of total imports. Moreover, electro-thermic appliances or domestic purposes imports from Romania exceeded the figures recorded by the second-largest supplier, China (X units), twofold. Germany (X units) ranked third in terms of total imports with a 5.7% share.

From 2012 to 2021, the average annual growth rate of volume from Romania amounted to +37.6%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-11.0% per year) and Germany (+24.3% per year).

In value terms, China ($X) constituted the largest supplier of electro-thermic appliances or domestic purposes to Bulgaria, comprising 47% of total imports. The second position in the ranking was taken by Slovakia ($X), with a 16% share of total imports. It was followed by Poland, with an 8.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +7.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Slovakia (+213.5% per year) and Poland (+20.7% per year).

Import Prices by Country

In 2021, the average import price for electro-thermic appliances or domestic purposes amounted to $X per unit, standing approx. at the previous year. In general, the import price, however, showed a strong expansion. The most prominent rate of growth was recorded in 2020 when the average import price increased by 114% against the previous year. As a result, import price attained the peak level of $X per unit, leveling off in the following year.

Prices varied noticeably country of origin: the country with the highest price was Slovakia ($X per unit), while the price for Romania ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+21.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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