Bulgaria: Market for Primary Cells And Primary Batteries 2025

Market Size for Primary Cells And Primary Batteries in Bulgaria

The Bulgarian market for primary cells and primary batteries surged to $X in 2022, with an increase of 21% 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). Over the period under review, the total consumption indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +6.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +16.7% against 2018 indices. Primary cells and primary batteries consumption peaked in 2022 and is expected to retain growth in years to come.

Exports of Primary Cells And Primary Batteries

Exports from Bulgaria

In 2022, shipments abroad of primary cells and primary batteries decreased by -62.8% to X units, falling for the second year in a row after three years of growth. Over the period under review, exports continue to indicate a mild decline. The most prominent rate of growth was recorded in 2019 with an increase of 240% against the previous year. The exports peaked at X units in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, primary cells and primary batteries exports reduced dramatically to $X in 2022. Overall, exports, however, posted a resilient expansion. The most prominent rate of growth was recorded in 2018 with an increase of 464%. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

Italy (X units), Greece (X units) and Germany (X units) were the main destinations of primary cells and primary batteries exports from Bulgaria, with a combined 65% share of total exports. Romania, Latvia, Serbia, Poland and Hungary lagged somewhat behind, together comprising a further 26%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Latvia (with a CAGR of +146.2%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for primary cells and primary batteries exported from Bulgaria were Italy ($X), Germany ($X) and Romania ($X), together comprising 65% of total exports. Greece, Latvia, Serbia, Poland and Hungary lagged somewhat behind, together accounting for a further 19%.

Latvia, with a CAGR of +95.6%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination 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 primary cells and primary batteries stood at $X per unit in 2022, increasing by 65% against the previous year. In general, the export price posted buoyant growth. The most prominent rate of growth was recorded in 2015 an increase of 295%. Over the period under review, the average export prices hit record highs at $X per unit in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hungary ($X per unit), while the average price for exports to Greece ($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 (+10.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Primary Cells And Primary Batteries

Imports into Bulgaria

Primary cells and primary batteries imports into Bulgaria totaled X units in 2022, with an increase of 6.5% compared with the previous year's figure. Overall, imports showed a prominent expansion. The pace of growth was the most pronounced in 2020 with an increase of 24% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in years to come.

In value terms, primary cells and primary batteries imports expanded to $X in 2022. Over the period under review, total imports indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -19.5% against 2020 indices. The pace of growth appeared the most rapid in 2018 with an increase of 62% against the previous year. Imports peaked at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Germany (X units), China (X units) and Greece (X units) were the main suppliers of primary cells and primary batteries imports to Bulgaria, together accounting for 64% of total imports. Hungary, Belgium, Poland, Italy and Hong Kong SAR lagged somewhat behind, together comprising a further 29%.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of +61.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest primary cells and primary batteries suppliers to Bulgaria were China ($X), Germany ($X) and Belgium ($X), together accounting for 50% of total imports. Greece, Italy, Hungary, Poland and Hong Kong SAR lagged somewhat behind, together accounting for a further 34%.

Among the main suppliers, Italy, with a CAGR of +43.5%, saw 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 import price for primary cells and primary batteries stood at $X per unit in 2022, waning by -4.5% against the previous year. Overall, the import price continues to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2018 an increase of 40% against the previous year. The import price peaked at $X per unit in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Greece (+2.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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