Price for Electrical Insulators of Any Material in Bulgaria - 2023

Contents:

1. Price for Electrical Insulators of Any Material in Bulgaria (FOB) - 2023
2. Price for Electrical Insulators of Any Material in Bulgaria (CIF) - 2023
3. Exports of Electrical Insulators of Any Material in Bulgaria
4. Imports of Electrical Insulators of Any Material in Bulgaria

Price for Electrical Insulators of Any Material in Bulgaria (FOB) - 2023

The average export price for electrical insulators of any materials stood at $797 per thousand units in October 2023, with a decrease of -60.4% against the previous month. Overall, the export price continues to indicate a pronounced reduction. The pace of growth appeared the most rapid in November 2022 an increase of 23% month-to-month. The export price peaked at $2.0 per unit in April 2023; however, from May 2023 to October 2023, the export prices remained at a lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Serbia ($1.1 per unit), while the average price for exports to South Korea ($44.0 per thousand units) was amongst the lowest.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Austria (+5.0%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Electrical Insulators of Any Material in Bulgaria (CIF) - 2023

In October 2023, the average import price for electrical insulators of any materials amounted to $1.6 per unit, growing by 320% against the previous month. Overall, the import price showed resilient growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was the UK ($2.6 per unit), while the price for Turkey ($352 per thousand units) was amongst the lowest.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by China (+7.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Electrical Insulators of Any Material in Bulgaria

In 2022, after three years of growth, there was decline in overseas shipments of electrical insulators of any materials, when their volume decreased by -0.9% to 11M units. Over the period under review, total exports indicated a significant expansion from 2019 to 2022: its volume increased at an average annual rate of +23.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +88.8% against 2019 indices. The pace of growth was the most pronounced in 2021 when exports increased by 42%. As a result, the exports reached the peak of 11M units, leveling off in the following year.

In value terms, electrical insulators of any material exports surged to $14M in 2022. In general, exports, however, showed significant growth. The pace of growth was the most pronounced in 2020 with an increase of 53%. The exports peaked in 2022 and are likely to continue growth in the immediate term.

Top Export Markets for Electrical Insulators of Any Material from Bulgaria in 2022:

1. Germany (3.0M units)
2. Italy (1.9M units)
3. Romania (1.5M units)
4. Austria (0.9M units)
5. Kosovo (0.6M units)
6. Spain (0.6M units)
7. Serbia (0.5M units)
8. North Macedonia (0.3M units)
9. Slovenia (0.3M units)

Imports of Electrical Insulators of Any Material in Bulgaria

In 2022, the amount of electrical insulators of any materials imported into Bulgaria soared to 14M units, picking up by 17% against the previous year. Over the period under review, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when imports increased by 23%. As a result, imports reached the peak of 17M units. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, electrical insulators of any material imports soared to $11M in 2022. Overall, total imports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +23.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +88.1% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Electrical Insulators of Any Material to Bulgaria in 2022:

1. China (5.0M units)
2. Vietnam (2.7M units)
3. Netherlands (1.4M units)
4. Belgium (1.2M units)
5. Italy (0.7M units)
6. Ukraine (0.4M units)
7. Germany (0.4M units)
8. Romania (0.3M units)
9. France (0.3M units)
10. Russia (0.3M units)
11. United States (0.2M units)

Source: IndexBox Market Intelligence Platform