Bulgaria - Winding Wire For Electrical Purposes - Market Analysis, Forecast, Size, Trends And Insights
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View PricingWinding Wire Price in Bulgaria - 2023
Contents:
- Winding Wire Price in Bulgaria (CIF) - 2023
- Winding Wire Price in Bulgaria (FOB) - 2023
- Winding Wire Imports in Bulgaria
- Winding Wire Exports in Bulgaria
Winding Wire Price in Bulgaria (CIF) - 2023
In August 2023, the average winding wire import price amounted to $2,690 per ton, waning by -72.8% against the previous month. Over the period under review, the import price showed a abrupt contraction. The pace of growth was the most pronounced in April 2023 an increase of 114% month-to-month. As a result, import price reached the peak level of $10,782 per ton. From May 2023 to August 2023, the average import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Turkey ($10,759 per ton), while the price for Italy ($326 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Germany (+1.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Winding Wire Price in Bulgaria (FOB) - 2023
The average winding wire export price stood at $11,172 per ton in August 2023, dropping by -30.2% against the previous month. Overall, the export price continues to indicate a slight shrinkage. The most prominent rate of growth was recorded in July 2023 when the average export price increased by 30% month-to-month. As a result, the export price attained the peak level of $16,002 per ton, and then contracted remarkably in the following month.
Prices varied noticeably by the country of destination: the country with the highest price was Germany ($34,436 per ton), while the average price for exports to Serbia ($9,143 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+3.5%), while the prices for the other major destinations experienced more modest paces of growth.
Winding Wire Imports in Bulgaria
In 2022, approx. 4K tons of winding wire for electrical purposes were imported into Bulgaria; leveling off at 2021 figures. The total import volume increased at an average annual rate of +8.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when imports increased by 40%. As a result, imports reached the peak of 4K tons, leveling off in the following year.
In value terms, winding wire imports shrank to $35M in 2022. Overall, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +12.9% 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 +69.8% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 81% against the previous year. As a result, imports attained the peak of $37M, and then reduced in the following year.
| Import of Winding Wire in Bulgaria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 7.1 | 5.8 | 10.0 | 8.9 | 7.8% |
| Turkey | 3.1 | 3.0 | 5.1 | 5.2 | 18.8% |
| Greece | 3.7 | 3.4 | 5.1 | 4.3 | 5.1% |
| Poland | 0.1 | 0.1 | 2.8 | 3.7 | 233.2% |
| Italy | 2.8 | 2.5 | 3.2 | 3.4 | 6.7% |
| Sweden | 2.9 | 2.1 | 3.3 | 2.7 | -2.4% |
| China | 0.2 | 0.2 | 0.3 | 2.4 | 128.9% |
| Romania | 0.5 | 0.4 | 3.7 | 1.1 | 30.1% |
| Belarus | 0.9 | 0.8 | 1.2 | 0.6 | -12.6% |
| Others | 3.1 | 2.1 | 2.6 | 2.7 | -4.5% |
| Total | 24.3 | 20.6 | 37.2 | 35.0 | 12.9% |
Top Suppliers of Winding Wire to Bulgaria in 2022:
- Germany (1032.2 tons)
- Turkey (540.7 tons)
- Greece (511.2 tons)
- Italy (451.1 tons)
- China (409.9 tons)
- Poland (355.0 tons)
- Sweden (250.6 tons)
- Romania (117.3 tons)
- Belarus (107.4 tons)
Winding Wire Exports in Bulgaria
In 2022, the amount of winding wire for electrical purposes exported from Bulgaria reduced notably to 551 tons, shrinking by -34% against the previous year's figure. Over the period under review, exports showed a mild slump. The pace of growth appeared the most rapid in 2021 with an increase of 65% against the previous year. As a result, the exports reached the peak of 836 tons, and then fell dramatically in the following year.
In value terms, winding wire exports declined markedly to $7.6M in 2022. In general, exports, however, enjoyed a strong increase. The growth pace was the most rapid in 2021 when exports increased by 185% against the previous year. As a result, the exports attained the peak of $15M, and then fell markedly in the following year.
| Export of Winding Wire in Bulgaria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 1.9 | 2.0 | 10.7 | 2.2 | 5.0% |
| Serbia | 1.7 | 0.9 | 1.4 | 1.6 | -2.0% |
| Romania | 0.8 | 0.7 | 0.9 | 1.0 | 7.7% |
| Latvia | N/A | N/A | N/A | 0.5 | 0% |
| Hungary | 0.6 | 0.7 | 0.9 | 0.5 | -5.9% |
| Greece | 0.3 | 0.4 | 0.5 | 0.3 | 0.0% |
| North Macedonia | 0.2 | 0.4 | 0.3 | 0.3 | 14.5% |
| Others | 0.5 | 0.2 | 0.5 | 1.1 | 30.1% |
| Total | 6.0 | 5.3 | 15.1 | 7.6 | 8.2% |
Top Export Markets for Winding Wire from Bulgaria in 2022:
- Serbia (175.4 tons)
- Romania (87.9 tons)
- Germany (72.9 tons)
- Hungary (52.0 tons)
- Latvia (40.9 tons)
- North Macedonia (32.2 tons)
- Greece (28.9 tons)
This report provides an in-depth analysis of the winding wire 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 27321100 - Winding wire for electrical purposes
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
- 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
-
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
-
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
-
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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