Bulgaria: Electrical Insulator Market 2024

Electrical Insulator Market Size in Bulgaria

The Bulgarian electrical insulator market was finally on the rise to reach $X in 2022, after four years of decline. Over the period under review, consumption recorded a abrupt decrease. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market failed to regain momentum.

Electrical Insulator Production in Bulgaria

In value terms, electrical insulator production soared to $X in 2022 estimated in export price. In general, production continues to indicate a pronounced reduction. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2022, production growth remained at a lower figure.

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Electrical Insulator Exports

Exports from Bulgaria

In 2022, after five years of growth, there was decline in shipments abroad of electrical insulators, when their volume decreased by X% to X units. In general, exports, however, showed significant growth. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at X units in 2021, and then declined slightly in the following year.

In value terms, electrical insulator exports skyrocketed to $X in 2022. Over the period under review, exports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2018 with an increase of X%. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

Germany (X units), Italy (X units) and Romania (X units) were the main destinations of electrical insulator exports from Bulgaria, together comprising X% of total exports. Austria, Spain, Kosovo, North Macedonia and the Netherlands lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Austria (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Italy ($X) and Romania ($X) appeared to be the largest markets for electrical insulator exported from Bulgaria worldwide, together accounting for X% of total exports. Spain, Austria, the Netherlands, Kosovo and North Macedonia lagged somewhat behind, together comprising a further X%.

Austria, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average electrical insulator export price stood at $X per unit in 2022, increasing by X% against the previous year. In general, export price indicated a mild increase from 2012 to 2022: its price 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 2016 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2017 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per unit), while the average price for exports to Kosovo ($X 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 the Netherlands (X%), while the prices for the other major destinations experienced more modest paces of growth.

Electrical Insulator Imports

Imports into Bulgaria

In 2022, supplies from abroad of electrical insulators decreased by X% to X units, falling for the second year in a row after three years of growth. In general, imports, however, showed modest growth. The pace of growth appeared the most rapid in 2016 when imports increased by X%. Over the period under review, imports reached the maximum at X units in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, electrical insulator imports surged to $X in 2022. Overall, total imports indicated a noticeable 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 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, the Netherlands (X units) constituted the largest supplier of electrical insulator to Bulgaria, with a X% share of total imports. Moreover, electrical insulator imports from the Netherlands exceeded the figures recorded by the second-largest supplier, China (X units), threefold. Germany (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the Netherlands totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Germany (X% per year).

In value terms, China ($X), Italy ($X) and Germany ($X) appeared to be the largest electrical insulator suppliers to Bulgaria, together comprising X% of total imports. The Netherlands, Romania, Belgium, Hungary, Russia and Turkey lagged somewhat behind, together comprising a further X%.

Among the main suppliers, the Netherlands, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average electrical insulator import price stood at $X per unit in 2022, growing by X% against the previous year. Overall, the import price enjoyed a measured expansion. The most prominent rate of growth was recorded in 2021 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2013; however, from 2014 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 Italy ($X per unit), while the price for the Netherlands (less than $X per unit) was amongst the lowest.

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

Source: IndexBox Platform