Bulgaria: Battery Market Overview 2021

Battery Market Size in Bulgaria

The Bulgarian battery market surged to $X in 2020, with an increase of X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption saw a notable increase. The most prominent rate of growth was recorded in 2018 with an increase of X% y-o-y. As a result, consumption reached the peak level of $X. From 2019 to 2020, the growth of the market remained at a lower figure.

Battery Exports

Exports from Bulgaria

In 2020, shipments abroad of primary cells and primary batteries increased by X% to X units, rising for the fourth year in a row after four years of decline. In general, exports continue to indicate buoyant growth. The pace of growth was the most pronounced in 2011 with an increase of X% y-o-y. Over the period under review, exports reached the peak figure at X units in 2012; however, from 2013 to 2020, exports remained at a lower figure.

In value terms, battery exports surged to $X in 2020. Over the period under review, exports enjoyed resilient growth. As a result, exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Italy (X units) was the main destination for battery exports from Bulgaria, accounting for a X% share of total exports. Moreover, battery exports to Italy exceeded the volume sent to the second major destination, Romania (X units), sixfold. The third position in this ranking was occupied by Germany (X units), with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume to Italy totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (+X% per year) and Germany (+X% per year).

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

From 2007 to 2020, the average annual growth rate of value to Italy totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+X% per year) and Greece (+X% per year).

Export Prices by Country

In 2020, the average battery export price amounted to $X per unit, with an increase of X% against the previous year. In general, the export price posted a pronounced increase. The growth pace was the most rapid in 2013 an increase of X% y-o-y. The export price peaked at $X per unit in 2015; however, from 2016 to 2020, export prices failed to regain the momentum.

There were significant differences in the average prices for the major foreign markets. In 2020, the country with the highest price was Italy ($X per unit), while the average price for exports to Romania ($X per unit) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Germany, while the prices for the other major destinations experienced a decline.

Battery Imports

Imports into Bulgaria

Battery imports into Bulgaria soared to X units in 2020, jumping by X% on the previous year's figure. Over the period under review, imports showed a tangible expansion. The pace of growth was the most pronounced in 2018 with an increase of X% y-o-y. As a result, imports attained the peak of X units. From 2019 to 2020, the growth imports failed to regain the momentum.

In value terms, battery imports surged to $X in 2020. Overall, imports enjoyed a remarkable increase. The growth pace was the most rapid in 2018 with an increase of X% year-to-year. Over the period under review, imports hit record highs in 2020 and are likely to continue growth in the near future.

Imports by Country

Greece (X units), Germany (X units) and Belgium (X units) were the main suppliers of battery imports to Bulgaria, with a combined X% share of total imports.

From 2007 to 2020, the biggest increases were in Germany, while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest battery suppliers to Bulgaria were Belgium ($X), Germany ($X) and Italy ($X), with a combined X% share of total imports.

Among the main suppliers, Italy 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 battery import price stood at $X per unit in 2020, surging by X% against the previous year. Over the period under review, import price indicated noticeable growth from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, battery import price increased by +X% against 2017 indices. The pace of growth appeared the most rapid in 2018 an increase of X% y-o-y. Over the period under review, average import prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2020, import prices failed to regain the momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Poland ($X per unit), while the price for Greece ($X per unit) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Italy, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for primary cells and primary batteries in the world?

+

The countries with the highest volumes of battery consumption in 2020 were India (16B units), China (12B units) and Japan (6.3B units), with a combined 47% share of global consumption. The U.S., Spain, Indonesia, Germany, Mozambique, the UK, Thailand, Mexico and Brazil lagged somewhat behind, together accounting for a further 28%.

What are the largest producers of primary cells and primary batteries in the world?

+

China (44B units) remains the largest battery producing country worldwide, comprising approx. 48% of total volume. Moreover, battery production in China exceeded the figures recorded by the second-largest producer, India (16B units), threefold. Japan (5.5B units) ranked third in terms of total production with a 6.1% share.

What are the leading suppliers of primary cells and primary batteries to Bulgaria?

+

In value terms, Belgium ($3M), Germany ($2.7M) and Italy ($2.5M) constituted the largest battery suppliers to Bulgaria, together comprising 43% of total imports.

What are the leading importers of primary cells and primary batteries from Bulgaria?

+

In value terms, Italy ($3.7M) remains the key foreign market for battery exports from Bulgaria, comprising 86% of total exports. The second position in the ranking was occupied by Germany ($289K), with a 6.7% share of total exports. It was followed by Greece, with a 1.4% share.

What is the average export price for primary cells and primary batteries in Bulgaria?

+

In 2020, the average battery export price amounted to $0.9 per unit, jumping by 19% against the previous year.

What is the average import price for primary cells and primary batteries in Bulgaria?

+

In 2020, the average battery import price amounted to $0.4 per unit, increasing by 9.5% against the previous year.