Bulgaria: Battery Market Overview 2020

Battery Market Size in Bulgaria

The revenue of the battery market in Bulgaria amounted to $X in 2018, going up by 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, battery consumption, however, continues to indicate an abrupt slump. The most prominent rate of growth was recorded in 2018 when the market value increased by X% against the previous year. Battery consumption peaked at $X in 2007; however, from 2008 to 2018, consumption remained at a lower figure.

Battery Exports

Exports from Bulgaria

In 2018, the amount of primary cells and primary batteries exported from Bulgaria amounted to X units, going up by X% against the previous year. In general, battery exports continue to indicate resilient growth. The most prominent rate of growth was recorded in 2011 with an increase of X% year-to-year. Over the period under review, battery exports reached their maximum at X units in 2012; however, from 2013 to 2018, exports stood at a somewhat lower figure.

In value terms, battery exports amounted to $X in 2018. In general, battery exports continue to indicate a strong increase. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. Exports peaked at $X in 2014; however, from 2015 to 2018, exports remained at a lower figure.

Exports by Country

Romania (X units), Cyprus (X units) and Ireland (X units) were the main destinations of battery exports from Bulgaria, with a combined X% share of total exports.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main countries of destination, was attained by Cyprus (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Italy ($X) and the Netherlands ($X) constituted the largest markets for battery exported from Bulgaria worldwide, together accounting for X% of total exports.

Among the main countries of destination, Germany (+X% per year) recorded the highest growth rate of exports, over the last eleven years, while the other leaders experienced more modest paces of growth.

Export Prices by Country

The average battery export price stood at $X per unit in 2018, going up by X% against the previous year. Overall, the export price indicated slight growth from 2007 to 2018: its price increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, battery export price decreased by -X% against 2014 indices. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. The export price peaked at $X per unit in 2014; however, from 2015 to 2018, export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Germany ($X per unit), while the average price for exports to Slovakia ($X per unit) was amongst the lowest.

From 2007 to 2018, 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 more modest paces of growth.

Battery Imports

Imports into Bulgaria

Battery imports into Bulgaria stood at X units in 2018, picking up by X% against the previous year. Overall, battery imports, however, continue to indicate an abrupt contraction. The most prominent rate of growth was recorded in 2018 when imports increased by X% y-o-y. Over the period under review, battery imports reached their peak figure at X units in 2007; however, from 2008 to 2018, imports failed to regain their momentum.

In value terms, battery imports totaled $X in 2018. In general, the total imports indicated perceptible growth from 2007 to 2018: its value decreased at an average annual rate of -X% over the last eleven years. 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% year-to-year. In that year, battery imports attained their peak and are likely to continue its growth in the immediate term.

Imports by Country

Greece (X units), Germany (X units) and China (X units) were the main suppliers of battery imports to Bulgaria, with a combined X% share of total imports. These countries were followed by Italy, Belgium, Poland and Luxembourg, which together accounted for a further X 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main suppliers, was attained by Italy, while the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Germany ($X) and Belgium ($X) were the largest battery suppliers to Bulgaria, together accounting for X% of total imports.

In terms of the main suppliers, Italy recorded the highest growth rate of imports, over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The average battery import price stood at $X per unit in 2018, surging by X% against the previous year. Over the period under review, the battery import price continues to indicate remarkable growth. The most prominent rate of growth was recorded in 2008 when the average import price increased by X% against the previous year. The import price peaked at $X per unit in 2011; however, from 2012 to 2018, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2018, the country with the highest price was Poland ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Belgium, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform