Bulgaria: Market for Residential, Commercial and Industrial Lighting Fixture 2024

Market Size for Residential, Commercial and Industrial Lighting Fixture in Bulgaria

In 2021, the Bulgarian market for residential, commercial and industrial lighting fixture was finally on the rise to reach $X after two years of decline. Overall, consumption saw a remarkable increase. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Production of Residential, Commercial and Industrial Lighting Fixture in Bulgaria

In value terms, production of residential, commercial and industrial lighting fixture surged to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +5.0% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Exports of Residential, Commercial and Industrial Lighting Fixture

Exports from Bulgaria

In 2021, shipments abroad of residential, commercial and industrial lighting fixture increased by 2.4% to X units, rising for the fourth year in a row after two years of decline. Over the period under review, exports saw a prominent expansion. The pace of growth was the most pronounced in 2020 when exports increased by 158% against the previous year. The exports peaked in 2021 and are likely to see steady growth in the immediate term.

In value terms, exports of residential, commercial and industrial lighting fixture soared to $X in 2021. In general, exports saw a resilient expansion. The most prominent rate of growth was recorded in 2020 with an increase of 118% against the previous year. Over the period under review, the exports of hit record highs in 2021 and are expected to retain growth in the near future.

Exports by Country

Italy (X units), Ireland (X units) and Romania (X units) were the main destinations of exports of residential, commercial and industrial lighting fixture from Bulgaria, with a combined 46% 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 Ireland (with a CAGR of +248.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for residential, commercial and industrial lighting fixture exported from Bulgaria were Italy ($X), Greece ($X) and Ireland ($X), together accounting for 45% of total exports.

Ireland, with a CAGR of +241.0%, recorded the highest growth rate of the value of exports, among 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 residential, commercial and industrial lighting fixture stood at $X per unit in 2021, with an increase of 20% against the previous year. Overall, export price indicated a prominent expansion from 2012 to 2021: its price increased at an average annual rate of +6.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 an increase of 83% against the previous year. The export price peaked at $X per unit in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Greece (+13.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Residential, Commercial and Industrial Lighting Fixture

Imports into Bulgaria

In 2021, imports of residential, commercial and industrial lighting fixture into Bulgaria rose remarkably to X units, with an increase of 14% compared with the previous year. In general, imports recorded a strong expansion. The most prominent rate of growth was recorded in 2016 with an increase of 58% against the previous year. Imports peaked in 2021 and are expected to retain growth in years to come.

In value terms, imports of residential, commercial and industrial lighting fixture surged to $X in 2021. Over the period under review, imports recorded a prominent increase. The growth pace was the most rapid in 2016 with an increase of 34%. Imports peaked in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, China (X units) constituted the largest supplier of residential, commercial and industrial lighting fixture to Bulgaria, with a 81% share of total imports. Moreover, imports of residential, commercial and industrial lighting fixture from China exceeded the figures recorded by the second-largest supplier, Turkey (X units), more than tenfold. Romania (X units) ranked third in terms of total imports with a 2.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +19.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+7.0% per year) and Romania (+18.9% per year).

In value terms, China ($X) constituted the largest supplier of residential, commercial and industrial lighting fixture to Bulgaria, comprising 69% of total imports. The second position in the ranking was held by Romania ($X), with a 4.2% share of total imports. It was followed by Poland, with a 3.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +26.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Romania (+24.5% per year) and Poland (+9.3% per year).

Import Prices by Country

The average import price for residential, commercial and industrial lighting fixture stood at $X per unit in 2021, surging by 12% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of 13%. Over the period under review, average import prices hit record highs at $X per unit in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, 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 2021, the most notable rate of growth in terms of prices was attained by China (+5.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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