Bulgaria: Wire And Cable Market 2025

Wire And Cable Market Size in Bulgaria

The Bulgarian wire and cable market soared to $X in 2021, increasing by 63% against the previous year. In general, consumption saw a prominent expansion. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Wire And Cable Production in Bulgaria

In value terms, wire and cable production soared to $X in 2021 estimated in export price. Overall, the total production indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +8.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Wire And Cable Exports

Exports from Bulgaria

In 2021, shipments abroad of insulated wire and cable increased by 9.2% to X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, total exports indicated a remarkable increase from 2012 to 2021: its volume increased at an average annual rate of +6.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -4.1% against 2018 indices. The pace of growth appeared the most rapid in 2015 when exports increased by 24% against the previous year. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, wire and cable exports skyrocketed to $X in 2021. Overall, total exports indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +6.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 with an increase of 24% against the previous year. The exports peaked in 2021 and are expected to retain growth in years to come.

Exports by Country

Germany (X tons), Turkey (X tons) and the Czech Republic (X tons) were the main destinations of wire and cable exports from Bulgaria, with a combined 70% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Czech Republic (with a CAGR of +46.3%), while the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), Germany ($X) and the Czech Republic ($X) constituted the largest markets for wire and cable exported from Bulgaria worldwide, with a combined 73% share of total exports.

Among the main countries of destination, the Czech Republic, with a CAGR of +45.6%, recorded the highest rates of growth with regard to 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 2021, the average wire and cable export price amounted to $X per ton, picking up by 8.5% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average export price increased by 8.7% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Poland ($X per ton), while the average price for exports to Austria ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Finland (+10.9%), while the prices for the other major destinations experienced more modest paces of growth.

Wire And Cable Imports

Imports into Bulgaria

In 2021, overseas purchases of insulated wire and cable decreased by -0.8% to X tons, falling for the third consecutive year after five years of growth. Overall, total imports indicated temperate growth from 2012 to 2021: its volume increased at an average annual rate of +2.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -27.6% against 2018 indices. The pace of growth was the most pronounced in 2016 with an increase of 27%. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, wire and cable imports surged to $X in 2021. Over the period under review, total imports indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +5.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Turkey (X tons), Romania (X tons) and Germany (X tons) were the main suppliers of wire and cable imports to Bulgaria, together accounting for 57% of total imports. These countries were followed by Italy, China, North Macedonia, Austria, Greece, Poland, Hungary, Bosnia and Herzegovina, Belgium and the Czech Republic, which together accounted for a further 30%.

From 2012 to 2021, the biggest increases were recorded for Bosnia and Herzegovina (with a CAGR of +37.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest wire and cable suppliers to Bulgaria were Germany ($X), Turkey ($X) and Romania ($X), with a combined 49% share of total imports. Hungary, the Czech Republic, Italy, China, North Macedonia, Poland, Belgium, Austria, Greece and Bosnia and Herzegovina lagged somewhat behind, together comprising a further 32%.

In terms of the main suppliers, Bosnia and Herzegovina, with a CAGR of +41.0%, recorded the highest growth rate of 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 wire and cable import price stood at $X per ton in 2021, surging by 36% against the previous year. In general, import price indicated a temperate expansion from 2012 to 2021: its price increased at an average annual rate of +2.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, wire and cable import price increased by +63.9% against 2019 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Czech Republic ($X per ton), while the price for Bosnia and Herzegovina ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+8.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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