Bulgaria: Non-Combined Refrigerator-Freezer Market 2025

Non-Combined Refrigerator-Freezer Market Size in Bulgaria

In 2022, the Bulgarian non-combined refrigerator-freezer market was finally on the rise to reach $X for the first time since 2019, thus ending a two-year declining trend. Over the period under review, the total consumption indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Non-Combined Refrigerator-Freezer Production in Bulgaria

In value terms, non-combined refrigerator-freezer production stood at $X in 2022 estimated in export price. Overall, the total production indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of +4.8% 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 -3.9% against 2020 indices. The most prominent rate of growth was recorded in 2019 when the production volume increased by 21%. Non-combined refrigerator-freezer production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Non-Combined Refrigerator-Freezer Exports

Exports from Bulgaria

In 2022, shipments abroad of household refrigerators and freezers (not combined) decreased by -21.9% to X units for the first time since 2018, thus ending a three-year rising trend. The total export volume increased at an average annual rate of +2.3% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when exports increased by 21% against the previous year. The exports peaked at X units in 2021, and then declined significantly in the following year.

In value terms, non-combined refrigerator-freezer exports dropped dramatically to $X in 2022. Over the period under review, total exports indicated a perceptible increase from 2012 to 2022: its value increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 30% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2021, and then dropped remarkably in the following year.

Exports by Country

Germany (X units), France (X units) and the Netherlands (X units) were the main destinations of non-combined refrigerator-freezer exports from Bulgaria, together comprising 59% of total exports. Austria, Belgium, Russia, Greece, Spain, Italy, Hungary, Switzerland, Sweden and Denmark lagged somewhat behind, together comprising a further 30%.

From 2012 to 2022, the biggest increases were recorded for Denmark (with a CAGR of +33.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), France ($X) and the Netherlands ($X) were the largest markets for non-combined refrigerator-freezer exported from Bulgaria worldwide, with a combined 56% share of total exports. Austria, Belgium, Russia, Sweden, Greece, Spain, Hungary, Italy, Denmark and Switzerland lagged somewhat behind, together accounting for a further 32%.

In terms of the main countries of destination, Denmark, with a CAGR of +38.4%, recorded 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

In 2022, the average non-combined refrigerator-freezer export price amounted to $X per unit, approximately mirroring the previous year. Over the last decade, it increased at an average annual rate of +2.6%. The most prominent rate of growth was recorded in 2019 an increase of 10%. Over the period under review, the average export prices reached the peak figure in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Sweden ($X per unit), while the average price for exports to the Netherlands ($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 Hungary (+4.6%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Combined Refrigerator-Freezer Imports

Imports into Bulgaria

In 2022, supplies from abroad of household refrigerators and freezers (not combined) increased by 1.6% to X units, rising for the second consecutive year after two years of decline. In general, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of 65% against the previous year. As a result, imports attained the peak of X units. From 2019 to 2022, the growth of imports failed to regain momentum.

In value terms, non-combined refrigerator-freezer imports contracted modestly to $X in 2022. Over the period under review, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 when imports increased by 39% against the previous year. Over the period under review, imports hit record highs at $X in 2021, and then dropped in the following year.

Imports by Country

China (X units), Turkey (X units) and Romania (X units) were the main suppliers of non-combined refrigerator-freezer imports to Bulgaria, together accounting for 75% of total imports. Germany, Serbia, Austria, Hong Kong SAR, Hungary, Italy and Poland lagged somewhat behind, together accounting for a further 21%.

From 2012 to 2022, the biggest increases were recorded for Serbia (with a CAGR of +33.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest non-combined refrigerator-freezer suppliers to Bulgaria were Turkey ($X), Germany ($X) and China ($X), together comprising 62% of total imports. Romania, Austria, Serbia, Hungary, Italy, Hong Kong SAR and Poland lagged somewhat behind, together comprising a further 32%.

Among the main suppliers, Serbia, with a CAGR of +29.3%, 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

The average non-combined refrigerator-freezer import price stood at $X per unit in 2022, which is down by -5.9% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 an increase of 25% against the previous year. The import price peaked at $X per unit in 2021, and then shrank in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per unit), while the price for China ($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 (+10.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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