Bulgaria: Non-Household Fan Market 2024

Non-Household Fan Market Size in Bulgaria

In 2022, after seven years of growth, there was significant decline in the Bulgarian non-household fan market, when its value decreased by -46.9% to $X. Overall, consumption, however, showed perceptible growth. As a result, consumption attained the peak level of $X, and then dropped remarkably in the following year.

Non-Household Fan Production in Bulgaria

In value terms, non-household fan production amounted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.3% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of 24% against the previous year. Non-household fan production peaked at $X in 2020; afterwards, it flattened through to 2022.

Non-Household Fan Exports

Exports from Bulgaria

In 2022, the amount of non-household ventilation fans exported from Bulgaria shrank notably to X units, waning by -38.7% against 2021 figures. In general, exports, however, continue to indicate a strong increase. The most prominent rate of growth was recorded in 2014 when exports increased by 178% against the previous year. The exports peaked at X units in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, non-household fan exports reduced sharply to $X in 2022. Overall, exports, however, continue to indicate a significant expansion. The growth pace was the most rapid in 2014 when exports increased by 166%. Over the period under review, the exports hit record highs at $X in 2021, and then fell significantly in the following year.

Exports by Country

Germany (X units) was the main destination for non-household fan exports from Bulgaria, accounting for a 69% share of total exports. Moreover, non-household fan exports to Germany exceeded the volume sent to the second major destination, Turkey (X units), more than tenfold. Greece (X units) ranked third in terms of total exports with a 3.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany totaled +55.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (+52.9% per year) and Greece (+5.2% per year).

In value terms, Germany ($X) remains the key foreign market for non-household ventilation fans exports from Bulgaria, comprising 66% of total exports. The second position in the ranking was held by Serbia ($X), with a 1.5% share of total exports. It was followed by Greece, with a 1.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany stood at +39.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Serbia (+16.1% per year) and Greece (+8.6% per year).

Export Prices by Country

In 2022, the average non-household fan export price amounted to $X per unit, increasing by 2.6% against the previous year. Overall, export price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, non-household fan export price increased by +128.8% against 2017 indices. The most prominent rate of growth was recorded in 2018 when the average export price increased by 50% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is likely to see gradual growth in the near future.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to Turkey ($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 Greece (+3.2%), while the prices for the other major destinations experienced mixed trend patterns.

Non-Household Fan Imports

Imports into Bulgaria

After two years of growth, overseas purchases of non-household ventilation fans decreased by -40% to X units in 2022. Overall, imports, however, saw a buoyant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 72%. As a result, imports attained the peak of X units, and then reduced markedly in the following year.

In value terms, non-household fan imports reduced sharply to $X in 2022. Over the period under review, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 40%. As a result, imports reached the peak of $X, and then declined remarkably in the following year.

Imports by Country

Germany (X units), China (X units) and Poland (X units) were the main suppliers of non-household fan imports to Bulgaria, together accounting for 86% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +30.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), China ($X) and Italy ($X) appeared to be the largest non-household fan suppliers to Bulgaria, together comprising 58% of total imports.

In terms of the main suppliers, China, with a CAGR of +36.2%, 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-household fan import price stood at $X per unit in 2022, shrinking by -20.7% against the previous year. In general, the import price faced a abrupt contraction. The growth pace was the most rapid in 2020 an increase of 2.5% against the previous year. Over the period under review, average import prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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 Spain ($X per unit), while the price for Hong Kong SAR ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+4.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform