Report Update Feb 1, 2025

Bulgaria - Static Converters - Market Analysis, Forecast, Size, Trends and Insights

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Bulgaria: Static Converter Market 2025

Static Converter Market Size in Bulgaria

The Bulgarian static converter market surged to $X in 2021, growing by 21% against the previous year. Overall, consumption posted a tangible increase. Over the period under review, the market reached the maximum level in 2021 and is expected to retain growth in the immediate term.

Static Converter Production in Bulgaria

In value terms, static converter production contracted remarkably to $X in 2021 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 with an increase of 57% against the previous year. Static converter production peaked at $X in 2017; however, from 2018 to 2021, production stood at a somewhat lower figure.

Static Converter Exports

Exports from Bulgaria

In 2021, the amount of static converters exported from Bulgaria skyrocketed to X units, surging by 16% on the year before. Overall, exports enjoyed strong growth. The most prominent rate of growth was recorded in 2018 when exports increased by 203% against the previous year. The exports peaked in 2021 and are expected to retain growth in years to come.

In value terms, static converter exports expanded sharply to $X in 2021. Over the period under review, exports recorded buoyant growth. The pace of growth appeared the most rapid in 2018 when exports increased by 222%. The exports peaked in 2021 and are likely to see gradual growth in the immediate term.

Exports by Country

Germany (X units) was the main destination for static converter exports from Bulgaria, accounting for a 79% share of total exports. Moreover, static converter exports to Germany exceeded the volume sent to the second major destination, Greece (X units), sevenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany amounted to +61.1%.

In value terms, Germany ($X) remains the key foreign market for static converters exports from Bulgaria, comprising 80% of total exports. The second position in the ranking was held by Greece ($X), with a 4.7% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Germany amounted to +47.6%.

Export Prices by Country

In 2021, the average static converter export price amounted to $X per unit, with a decrease of -9.6% against the previous year. Over the period under review, the export price, however, continues to indicate mild growth. The pace of growth was the most pronounced in 2014 when the average export price increased by 94% against the previous year. The export price peaked at $X per unit in 2016; however, from 2017 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Germany ($X per unit), while the average price for exports to Greece amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Greece (-5.7%).

Static Converter Imports

Imports into Bulgaria

In 2021, the amount of static converters imported into Bulgaria surged to X units, jumping by 51% compared with 2020 figures. In general, imports saw a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, static converter imports skyrocketed to $X in 2021. Over the period under review, imports, however, recorded a mild decrease. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

China (X units), Germany (X units) and the Czech Republic (X units) were the main suppliers of static converter imports to Bulgaria, with a combined 52% share of total imports. The Netherlands, Greece, Italy, Austria, Hungary, Slovakia, India, Turkey and France lagged somewhat behind, together accounting for a further 38%.

From 2012 to 2021, the biggest increases were recorded for India (with a CAGR of +154.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), China ($X) and the Czech Republic ($X) constituted the largest static converter suppliers to Bulgaria, together accounting for 48% of total imports. These countries were followed by the Netherlands, Hungary, Austria, Italy, Greece, India, Slovakia, Turkey and France, which together accounted for a further 35%.

India, with a CAGR of +136.4%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average static converter import price amounted to $X per unit, rising by 6.4% against the previous year. Overall, the import price, however, continues to indicate a noticeable descent. The pace of growth was the most pronounced in 2017 when the average import price increased by 21%. The import price peaked at $X per unit in 2019; however, from 2020 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Slovakia (+3.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for static converters in the world?

The countries with the highest volumes of static converter consumption in 2020 were China, the United States and the Netherlands, together accounting for 33% of global consumption. These countries were followed by Hong Kong SAR, Italy, Japan, India, Germany, Indonesia, South Korea, Mexico, Vietnam and the UK, which together accounted for a further 35%.

What are the largest producers of static converters in the world?

The country with the largest volume of static converter production was China, accounting for 60% of total volume. Moreover, static converter production in China exceeded the figures recorded by the second-largest producer, the United States, ninefold. The third position in this ranking was occupied by Italy, with a 3.5% share.

What are the leading suppliers of static converters to Bulgaria?

In value terms, the largest static converter suppliers to Bulgaria were Germany, China and the Netherlands, together accounting for 50% of total imports. These countries were followed by the Czech Republic, Hungary, Austria, Hong Kong SAR and Turkey, which together accounted for a further 23%.

What are the leading importers of static converters from Bulgaria?

In value terms, the largest markets for static converter exported from Bulgaria were Germany, Slovakia and Saudi Arabia, together accounting for 87% of total exports.

What is the average export price for static converters in Bulgaria?

The average static converter export price stood at $4.5 per unit in 2020, with a decrease of -24.3% against the previous year.

What is the average import price for static converters in Bulgaria?

In 2020, the average static converter import price amounted to $4.2 per unit, waning by -42.8% against the previous year.

This report provides an in-depth analysis of the static converter market in Bulgaria. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 27115023 -
Prodcom 27115030 - Rectifiers (excluding of a kind used with telecommunication apparatus, automatic data-processing machines and units thereof)
Prodcom 27115033 - Accumulator chargers
Prodcom 27115035 -
Prodcom 27115040 - Power supply units for telecommunication apparatus, a utomatic data-processing machines and units thereof
Prodcom 27115053 - Inverters having a power handling capacity . 7,5 kVA
Prodcom 27115055 - Inverters having a power handling capacity > 7,5 kVA
Prodcom 27115070 - Static converters (excluding polycrystalline semiconductors, c onverters specially designed for welding, without welding equipment, accumulator chargers, rectifiers, inverters)
Prodcom 27904130 -
Prodcom 27904140 -
Prodcom 27904153 -
Prodcom 27904155 -
Prodcom 27904170 -
Prodcom 27904190 -

Country coverage:

Bulgaria

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Bulgaria
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2024
22. Production, In Value Terms, 2012–2024
23. Imports, In Physical Terms, 2012–2024
24. Imports, In Value Terms, 2012–2024
25. Imports, In Physical Terms, By Country, 2024
26. Imports, In Physical Terms, By Country, 2012–2024
27. Imports, In Value Terms, By Country, 2012–2024
28. Import Prices, By Country Of Origin, 2012–2024
29. Exports, In Physical Terms, 2012–2024
30. Exports, In Value Terms, 2012–2024
31. Exports, In Physical Terms, By Country, 2024
32. Exports, In Physical Terms, By Country, 2012–2024
33. Exports, In Value Terms, By Country, 2012–2024
34. Export Prices, By Country Of Destination, 2012–2024