Bulgaria - Solar Cells and Light-Emitting Diodes - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPrice for Solar Cells and Light-Emitting Diodes in Bulgaria - 2021
Contents:
- Price for Solar Cells and Light-Emitting Diodes in Bulgaria (CIF) - 2022
- Price for Solar Cells and Light-Emitting Diodes in Bulgaria (FOB) - 2022
- Imports of Solar Cells and Light-Emitting Diodes in Bulgaria
- Exports of Solar Cells and Light-Emitting Diodes in Bulgaria
Price for Solar Cells and Light-Emitting Diodes in Bulgaria (CIF) - 2022
In 2022, the average import price for solar cells and light-emitting diodes amounted to $7.4 per unit, growing by 2.1% against the previous year. Overall, the import price, however, continues to indicate a abrupt decrease. The pace of growth appeared the most rapid in 2015 an increase of 58% against the previous year. Over the period under review, average import prices attained the maximum at $56 per unit in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for Ukraine.
From 2012 to 2022, the rate of growth in terms of prices for Germany amounted to -12.8% per year.
Price for Solar Cells and Light-Emitting Diodes in Bulgaria (FOB) - 2022
In 2021, the average export price for solar cells and light-emitting diodes amounted to $8.8 per unit, dropping by -54.8% against the previous year. Overall, the export price recorded a deep reduction. The most prominent rate of growth was recorded in 2017 an increase of 108% against the previous year. The export price peaked at $21 per unit in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($140 per unit), while the average price for exports to North Macedonia ($5.6 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 Germany (+24.4%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Solar Cells and Light-Emitting Diodes in Bulgaria
In 2022, purchases abroad of solar cells and light-emitting diodes decreased by -31.7% to 16M units for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, continue to indicate a significant increase. The pace of growth was the most pronounced in 2021 when imports increased by 174%. As a result, imports attained the peak of 24M units, and then plummeted in the following year.
In value terms, solar cells and light-emitting diodes imports contracted rapidly to $120M in 2022. In general, imports, however, posted a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 154% against the previous year. As a result, imports reached the peak of $172M, and then shrank significantly in the following year.
| Import of Solar Cells and Light-Emitting Diodes in Bulgaria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ukraine | N/A | N/A | N/A | 120 | 0% |
| China | 11.0 | 14.1 | 54.8 | N/A | 123.2% |
| Greece | 1.8 | 7.9 | 14.3 | N/A | 181.9% |
| Germany | 25.0 | 25.4 | 38.8 | N/A | 24.6% |
| Slovenia | 0.4 | 0.5 | 3.3 | N/A | 187.2% |
| Others | 17.9 | 20.0 | 61.0 | N/A | 84.6% |
| Total | 56.1 | 67.8 | 172 | 120 | 28.8% |
Top Suppliers of Solar Cells and Light-Emitting Diodes to Bulgaria in 2022:
- Ukraine (16.3M units)
Exports of Solar Cells and Light-Emitting Diodes in Bulgaria
After three years of growth, shipments abroad of solar cells and light-emitting diodes decreased by -28.6% to 654K units in 2022. Over the period under review, exports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 133%. As a result, the exports reached the peak of 915K units, and then contracted significantly in the following year.
In value terms, solar cells and light-emitting diodes exports shrank modestly to $7.8M in 2022. The total export value increased at an average annual rate of +3.0% from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2020 when exports increased by 6.3%. The exports peaked at $8M in 2021, and then dropped modestly in the following year.
| Export of Solar Cells and Light-Emitting Diodes in Bulgaria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| North Macedonia | 642 | 27.9 | 2,321 | 90.1% | |
| Greece | 2,324 | 4,879 | 2,197 | -2.8% | |
| Saudi Arabia | 1.2 | 81.3 | 702 | 2318.7% | |
| United States | 475 | 236 | 635 | 15.6% | |
| Romania | 555 | 173 | 612 | 5.0% | |
| Serbia | 358 | 128 | 308 | -7.2% | |
| Denmark | N/A | N/A | 257 | 0% | |
| Italy | 50.9 | 298 | 122 | 54.8% | |
| Hungary | 572 | 411 | 3.6 | -92.1% | |
| Others | 2,179 | 1,373 | 868 | -36.9% | |
| Total | 7,157 | 7,607 | 8,026 | 5.9% | |
Top Export Markets for Solar Cells and Light-Emitting Diodes from Bulgaria in 2022:
- North Macedonia (415.8K units)
- Greece (210.9K units)
- Romania (87.9K units)
- Saudi Arabia (60.7K units)
- United States (52.3K units)
- Denmark (24.6K units)
- Serbia (16.5K units)
- Italy (14.8K units)
- Hungary (0.3K units)
This report provides an in-depth analysis of the market for solar cells and light-emitting diodes 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 26112220 - Semiconductor light emitting diodes (LEDs)
- Prodcom 26112240 - Photosensitive semiconductor devices, solar cells, photodiodes, p hoto-transistors, etc.
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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