Bulgaria: Starter Battery Market 2024

Starter Battery Market Size in Bulgaria

In 2022, after two years of decline, there was significant growth in the Bulgarian starter battery market, when its value increased by 165% to $X. Over the period under review, consumption enjoyed a prominent increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Starter Battery Production in Bulgaria

In value terms, starter battery production declined to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +4.6% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2013 when the production volume increased by 32% against the previous year. Over the period under review, production hit record highs at $X in 2021, and then reduced in the following year.

Starter Battery Exports

Exports from Bulgaria

In 2022, approx. X units of lead-acid accumulators for starting piston engines were exported from Bulgaria; falling by -22.5% on the previous year's figure. Over the period under review, total exports indicated a moderate expansion from 2012 to 2022: its volume increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of 39%. Over the period under review, the exports attained the peak figure at X units in 2021, and then fell remarkably in the following year.

In value terms, starter battery exports declined significantly to $X in 2022. Overall, total exports indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +3.7% against 2020 indices. The most prominent rate of growth was recorded in 2013 with an increase of 42%. Over the period under review, the exports hit record highs at $X in 2021, and then shrank significantly in the following year.

Exports by Country

Germany (X units), Saudi Arabia (X units) and France (X units) were the main destinations of starter battery exports from Bulgaria, with a combined 29% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Saudi Arabia (with a CAGR of +70.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for starter battery exported from Bulgaria were Germany ($X), France ($X) and Poland ($X), with a combined 27% share of total exports. Saudi Arabia, Italy, Spain, Romania, the Netherlands, Serbia, Hungary, South Africa, Greece and Algeria lagged somewhat behind, together comprising a further 41%.

Among the main countries of destination, Saudi Arabia, with a CAGR of +73.4%, 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

In 2022, the average starter battery export price amounted to $X per unit, growing by 6.8% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 12%. Over the period under review, the average export prices reached the peak figure in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per unit), while the average price for exports to Saudi Arabia ($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 Italy (+3.8%), while the prices for the other major destinations experienced more modest paces of growth.

Starter Battery Imports

Imports into Bulgaria

In 2022, approx. X units of lead-acid accumulators for starting piston engines were imported into Bulgaria; dropping by -12.5% on 2021 figures. In general, total imports indicated a perceptible increase from 2012 to 2022: its volume 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. Based on 2022 figures, imports increased by +39.2% against 2018 indices. The pace of growth was the most pronounced in 2019 with an increase of 50% against the previous year. Imports peaked at X units in 2021, and then dropped in the following year.

In value terms, starter battery imports declined to $X in 2022. Over the period under review, total imports indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +64.6% against 2015 indices. The growth pace was the most rapid in 2021 with an increase of 42% against the previous year. As a result, imports attained the peak of $X, and then fell in the following year.

Imports by Country

Romania (X units), Poland (X units) and Germany (X units) were the main suppliers of starter battery imports to Bulgaria, together accounting for 54% of total imports.

From 2012 to 2022, the biggest increases were recorded for Romania (with a CAGR of +30.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest starter battery suppliers to Bulgaria were Romania ($X), Germany ($X) and the Czech Republic ($X), with a combined 57% share of total imports.

In terms of the main suppliers, Romania, with a CAGR of +33.0%, saw 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

In 2022, the average starter battery import price amounted to $X per unit, picking up by 2.7% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of 17% against the previous year. The import price peaked at $X per unit in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+2.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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