Bulgaria: Radiator Market 2022

Radiator Market Size in Bulgaria

The Bulgarian radiator market was estimated at $X in 2021, picking up by X% against the previous year. Overall, the total consumption indicated a slight increase from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -X% against 2019 indices. Radiator consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Radiator Production in Bulgaria

In value terms, radiator production rose remarkably to $X in 2021 estimated in export price. Over the period under review, the total production indicated noticeable growth from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -X% against 2019 indices. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. Radiator production peaked at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Radiator Exports

Exports from Bulgaria

In 2021, overseas shipments of radiators for central heating (not electrically heated) were finally on the rise to reach X tons after two years of decline. Overall, exports continue to indicate a resilient increase. The pace of growth appeared the most rapid in 2015 when exports increased by X%. The exports peaked in 2021 and are likely to see steady growth in the near future.

In value terms, radiator exports skyrocketed to $X in 2021. Over the period under review, exports saw a resilient increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The Czech Republic (X tons) was the main destination for radiator exports from Bulgaria, accounting for a X% share of total exports. Moreover, radiator exports to the Czech Republic exceeded the volume sent to the second major destination, Romania (X tons), tenfold. The third position in this ranking was taken by Ukraine (X tons), with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the Czech Republic totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (+X% per year) and Ukraine (+X% per year).

In value terms, the Czech Republic ($X) remains the key foreign market for radiator exports from Bulgaria, comprising X% of total exports. The second position in the ranking was taken by Ukraine ($X), with a X% share of total exports. It was followed by Romania, with a X% share.

From 2012 to 2021, the average annual growth rate of value to the Czech Republic amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (+X% per year) and Romania (+X% per year).

Export Prices by Country

The average radiator export price stood at $X per ton in 2021, jumping by X% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +X%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major foreign markets. In 2021, the countries with the highest prices were Greece ($X per ton) and Hungary ($X per ton), while the average price for exports to Romania ($X per ton) and the Czech Republic ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Hungary (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Radiator Imports

Imports into Bulgaria

In 2021, radiator imports into Bulgaria surged to X tons, jumping by X% against 2020 figures. Over the period under review, total imports indicated a prominent increase from 2012 to 2021: its volume increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +X% against 2019 indices. The growth pace was the most rapid in 2015 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum in 2021 and are expected to retain growth in years to come.

In value terms, radiator imports soared to $X in 2021. In general, total imports indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +X% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Turkey (X tons) constituted the largest supplier of radiator to Bulgaria, accounting for a X% share of total imports. Moreover, radiator imports from Turkey exceeded the figures recorded by the second-largest supplier, Iran (X tons), fivefold. Italy (X tons) ranked third in terms of total imports with less than X% share.

From 2012 to 2021, the average annual growth rate of volume from Turkey totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Iran (+X% per year) and Italy (+X% per year).

In value terms, Turkey ($X) constituted the largest supplier of radiator to Bulgaria, comprising X% of total imports. The second position in the ranking was taken by Iran ($X), with an X% share of total imports. It was followed by Italy, with an X% share.

From 2012 to 2021, the average annual growth rate of value from Turkey totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Iran (+X% per year) and Italy (+X% per year).

Import Prices by Country

In 2021, the average radiator import price amounted to $X per ton, increasing by X% against the previous year. In general, the import price saw a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Italy ($X per ton), while the price for Iran ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Czech Republic (+X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Market Intelligence Platform

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