Bulgaria: Market for Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity from 1 kVA to 16 kVA 2023

Market Size for Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity from 1 kVA to 16 kVA in Bulgaria

The Bulgarian market for electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA surged to $X in 2022, with an increase of 300% against the previous year. In general, consumption showed significant growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity from X kVA to X kVA in Bulgaria

In value terms, production of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA fell modestly to $X in 2022 estimated in export price. In general, production, however, saw a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 401%. Production of peaked at $X in 2021, and then contracted in the following year.

Exports of Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity from 1 kVA to 16 kVA

Exports from Bulgaria

In 2022, after four years of growth, there was significant decline in overseas shipments of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA, when their volume decreased by -91.9% to X units. In general, exports, however, enjoyed a prominent increase. The growth pace was the most rapid in 2020 when exports increased by 2,324% against the previous year. The exports peaked at X units in 2021, and then contracted notably in the following year.

In value terms, exports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA shrank dramatically to $X in 2022. Over the period under review, exports continue to indicate a deep slump. The most prominent rate of growth was recorded in 2018 with an increase of 40%. Over the period under review, the exports of hit record highs at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Serbia (X units), Romania (X units) and Croatia (X units) were the main destinations of exports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA from Bulgaria, with a combined 65% share of total exports. Ireland, Bosnia and Herzegovina, Greece, Portugal and Hungary lagged somewhat behind, together accounting for a further 26%.

From 2012 to 2022, the biggest increases were recorded for Ireland (with a CAGR of +105.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Romania ($X), Serbia ($X) and Croatia ($X) appeared to be the largest markets for electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA exported from Bulgaria worldwide, together comprising 53% of total exports. Ireland, Bosnia and Herzegovina, Greece, Portugal and Hungary lagged somewhat behind, together comprising a further 13%.

Ireland, with a CAGR of +68.2%, saw 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

In 2022, the average export price for electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA amounted to $X per unit, with an increase of 597% against the previous year. In general, the export price, however, saw a dramatic descent. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Romania ($X per unit), while the average price for exports to Bosnia and Herzegovina ($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 Denmark (+6.2%), while the prices for the other major destinations experienced a decline.

Imports of Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity from 1 kVA to 16 kVA

Imports into Bulgaria

In 2022, purchases abroad of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA decreased by -26.6% to X units for the first time since 2016, thus ending a five-year rising trend. In general, imports, however, saw a significant expansion. The growth pace was the most rapid in 2013 with an increase of 99% against the previous year. Imports peaked at X units in 2021, and then shrank dramatically in the following year.

In value terms, imports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA soared to $X in 2022. Overall, imports, however, posted a resilient increase. The most prominent rate of growth was recorded in 2017 with an increase of 104% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are likely to see steady growth in years to come.

Imports by Country

In 2022, China (X units) constituted the largest electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA supplier to Bulgaria, with a 89% share of total imports. It was followed by Germany (X units), with a 2.5% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +28.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+3.8% per year) and Spain (+43.7% per year).

In value terms, the largest electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA suppliers to Bulgaria were Germany ($X), China ($X) and Spain ($X), together comprising 56% of total imports.

Spain, with a CAGR of +42.2%, saw 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 import price for electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA amounted to $X per unit, surging by 169% against the previous year. Overall, the import price, however, faced a deep slump. The import price peaked at $X per unit in 2012; however, from 2013 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 Germany ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+11.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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