Bulgaria: Electric Heating Resistor Market 2024

Electric Heating Resistor Market Size in Bulgaria

After two years of growth, the Bulgarian electric heating resistor market decreased by X% to $X in 2022. Over the period under review, the total consumption indicated a temperate expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

Electric Heating Resistor Production in Bulgaria

In value terms, electric heating resistor production surged to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a dramatic decrease. Over the period under review, production reached the maximum level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Electric Heating Resistor Exports

Exports from Bulgaria

In 2022, the amount of electric heating resistors exported from Bulgaria reduced dramatically to X units, with a decrease of X% compared with the year before. Over the period under review, exports, however, enjoyed a prominent increase. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. As a result, the exports attained the peak of X units, and then fell dramatically in the following year.

In value terms, electric heating resistor exports dropped to $X in 2022. In general, exports, however, enjoyed a strong expansion. The most prominent rate of growth was recorded in 2013 with an increase of X%. The exports peaked at $X in 2021, and then fell in the following year.

Exports by Country

Italy (X units) was the main destination for electric heating resistor exports from Bulgaria, with a X% share of total exports. Moreover, electric heating resistor exports to Italy exceeded the volume sent to the second major destination, France (X units), more than tenfold. The third position in this ranking was held by Greece (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Italy amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (X% per year) and Greece (X% per year).

In value terms, Italy ($X) remains the key foreign market for electric heating resistors exports from Bulgaria, comprising X% of total exports. The second position in the ranking was taken by Greece ($X), with a X% share of total exports. It was followed by France, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Italy amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Greece (X% per year) and France (X% per year).

Export Prices by Country

The average electric heating resistor export price stood at $X per thousand units in 2022, increasing by X% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of X%. As a result, the export price attained the peak level of $X per thousand units. From 2020 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Greece ($X per thousand units), while the average price for exports to Serbia ($X per thousand units) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (X%), while the prices for the other major destinations experienced a decline.

Electric Heating Resistor Imports

Imports into Bulgaria

In 2022, after two years of growth, there was significant decline in purchases abroad of electric heating resistors, when their volume decreased by X% to X units. Overall, total imports indicated a pronounced increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 when imports increased by X%. Over the period under review, imports attained the peak figure at X units in 2021, and then reduced markedly in the following year.

In value terms, electric heating resistor imports contracted to $X in 2022. Over the period under review, total imports indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2017 indices. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Italy (X units), Serbia (X units) and Turkey (X units) were the main suppliers of electric heating resistor imports to Bulgaria, together comprising X% of total imports. China, Germany, Portugal, Poland, Denmark, the Czech Republic, Hungary and Romania lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Portugal (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Serbia ($X), Italy ($X) and Germany ($X) appeared to be the largest electric heating resistor suppliers to Bulgaria, together comprising X% of total imports. Turkey, Poland, China, Denmark, Portugal, Hungary, the Czech Republic and Romania lagged somewhat behind, together comprising a further X%.

Portugal, with a CAGR of X%, 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 2022, the average electric heating resistor import price amounted to $X per thousand units, picking up by X% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the average import price increased by X%. Over the period under review, average import prices reached the peak figure at $X per thousand units in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

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 Hungary ($X per thousand units), while the price for Portugal ($X per thousand units) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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