Bulgaria - HVAC Equipment - Market Analysis, Forecast, Size, Trends And Insights
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View PricingHVAC Equipment Price in Bulgaria - 2023
Contents:
- HVAC Equipment Price in Bulgaria (CIF) - 2022
- HVAC Equipment Price in Bulgaria (FOB) - 2022
- HVAC Equipment Imports in Bulgaria
- HVAC Equipment Exports in Bulgaria
HVAC Equipment Price in Bulgaria (CIF) - 2022
In 2022, the average HVAC equipment import price amounted to $79 per unit, picking up by 20% against the previous year. Over the period under review, the import price, however, showed a slight descent. Over the period under review, average import prices reached the maximum at $119 per unit in 2014; however, from 2015 to 2022, import prices failed to regain momentum.
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 Thailand ($320 per unit), while the price for Germany ($15 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+16.8%), while the prices for the other major suppliers experienced more modest paces of growth.
HVAC Equipment Price in Bulgaria (FOB) - 2022
The average HVAC equipment export price stood at $145 per unit in 2022, which is down by -2.7% against the previous year. In general, the export price showed a noticeable decrease. The growth pace was the most rapid in 2013 when the average export price increased by 28%. As a result, the export price attained the peak level of $246 per unit. From 2014 to 2022, the average 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 Austria ($1,459 per unit), while the average price for exports to Montenegro ($20 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 North Macedonia (+14.6%), while the prices for the other major destinations experienced more modest paces of growth.
HVAC Equipment Imports in Bulgaria
In 2022, imports of HVAC equipment into Bulgaria expanded notably to 7.6M units, growing by 13% on the previous year's figure. In general, imports posted a significant increase. The pace of growth was the most pronounced in 2021 when imports increased by 65%. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in years to come.
In value terms, HVAC equipment imports skyrocketed to $607M in 2022. Over the period under review, imports posted a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 42% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of HVAC Equipment in Bulgaria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 49.6 | 55.3 | 80.5 | 124 | 35.7% |
| Thailand | 7.6 | 11.5 | 15.7 | 31.6 | 60.8% |
| Poland | 10.1 | 9.4 | 14.6 | 17.7 | 20.6% |
| Germany | 12.1 | 12.4 | 19.6 | 16.8 | 11.6% |
| Romania | 5.7 | 4.3 | 9.8 | 15.6 | 39.9% |
| Italy | 13.1 | 14.1 | 11.9 | 13.2 | 0.3% |
| Greece | 15.1 | 10.8 | 10.3 | 9.9 | -13.1% |
| Turkey | 7.0 | 3.8 | 4.4 | 6.6 | -1.9% |
| Spain | 2.5 | 2.3 | 3.2 | 5.6 | 30.8% |
| Hong Kong SAR | 1.4 | 0.7 | 1.9 | 4.1 | 43.1% |
| Others | 186 | 191 | 277 | 362 | 24.9% |
| Total | 311 | 316 | 449 | 607 | 25.0% |
Top Suppliers of HVAC Equipment to Bulgaria in 2022:
- China (1553.2K units)
- Germany (1094.7K units)
- Poland (267.7K units)
- Hong Kong SAR (234.1K units)
- Thailand (98.8K units)
- Italy (89.6K units)
- Romania (58.3K units)
- Spain (55.1K units)
- Turkey (52.9K units)
- Greece (44.1K units)
HVAC Equipment Exports in Bulgaria
HVAC equipment exports from Bulgaria expanded notably to 1M units in 2022, growing by 5% on the previous year's figure. The total export volume increased at an average annual rate of +3.0% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, HVAC equipment exports amounted to $151M in 2022. The total export value increased at an average annual rate of +1.4% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 10% against the previous year. As a result, the exports reached the peak of $160M. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
| Export of HVAC Equipment in Bulgaria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Austria | 20.9 | 21.5 | 25.6 | 24.5 | 5.4% |
| Germany | 7.1 | 10.1 | 8.8 | 11.1 | 16.1% |
| Romania | 4.6 | 3.7 | 4.7 | 5.0 | 2.8% |
| Serbia | 2.1 | 2.4 | 1.5 | 4.2 | 26.0% |
| Greece | 5.8 | 5.6 | 7.7 | 3.7 | -13.9% |
| Hungary | 3.1 | 4.2 | 3.7 | 3.4 | 3.1% |
| Netherlands | 2.4 | 5.7 | 1.9 | 2.8 | 5.3% |
| North Macedonia | 0.8 | 1.5 | 1.8 | 1.7 | 28.6% |
| Croatia | 0.9 | 1.0 | 1.4 | 1.5 | 18.6% |
| Ukraine | 0.5 | 1.2 | 0.1 | 1.3 | 37.5% |
| Turkey | 0.1 | 0.3 | 0.9 | 0.9 | 108.0% |
| Bosnia and Herzegovina | 0.2 | 0.2 | 0.3 | 0.5 | 35.7% |
| Montenegro | 0.4 | 0.3 | 0.4 | 0.3 | -9.1% |
| Others | 95.7 | 102 | 89.0 | 89.9 | -2.1% |
| Total | 145 | 160 | 148 | 151 | 1.4% |
Top Export Markets for HVAC Equipment from Bulgaria in 2022:
- Germany (167.7K units)
- Romania (51.8K units)
- Serbia (42.0K units)
- Greece (30.9K units)
- Ukraine (23.4K units)
- Croatia (22.5K units)
- Hungary (18.6K units)
- Netherlands (17.6K units)
- Montenegro (16.8K units)
- Austria (16.8K units)
- Turkey (11.5K units)
- Bosnia and Herzegovina (10.5K units)
- North Macedonia (9.2K units)
This report provides an in-depth analysis of the hvac equipment 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 28252030 - Axial fans (excluding table, floor, wall, window, ceiling or roof fans with a self-contained electric motor of an output . .125 W)
- Prodcom 28252050 - Centrifugal fans (excluding table, floor, wall, window, ceiling or roof fans with a self-contained electric motor of an output. .125 W)
- Prodcom 28252070 - Fans (excluding table, floor, wall, ceiling or roof fans with a self-contained electric motor of an output . .125 W, axial fans, c entrifugal fans)
- Prodcom 28251220 - Window or wall air conditioning systems, self-contained or split-systems
- Prodcom 28251250 - Air conditioning machines with refrigeration unit (excluding those used in motor vehicles, self-contained or split-systems machines)
- Prodcom 28251270 - Air conditioning machines not containing a refrigeration unit, c entral station air handling units, vav boxes and terminals, c onstant volume units and fan coil units
- Prodcom 28251380 - Heat pumps other than air conditioning machines of HS
- Prodcom 28251130 - Heat exchange units
- Prodcom 27512630 - Electric storage heating radiators
- Prodcom 27512650 - Electric radiators, convection heaters and heaters or fires with built-in fans
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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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