Plugs and Socket Price in Bulgaria - 2024
Contents:
- Plugs and Socket Price in Bulgaria (CIF) - 2024
- Plugs and Socket Price in Bulgaria (FOB) - 2024
- Plugs and Socket Imports in Bulgaria
- Plugs and Socket Exports in Bulgaria
Plugs and Socket Price in Bulgaria (CIF) - 2024
In August 2023, the average plugs and socket import price amounted to $467 per thousand units, jumping by 17% against the previous month. Overall, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in March 2023 an increase of 19% m-o-m. As a result, import price attained the peak level of $0.5 per unit. From April 2023 to August 2023, the average import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Hong Kong SAR ($669 per thousand units), while the price for Turkey ($112 per thousand units) was amongst the lowest.
From February 2023 to August 2023, the most notable rate of growth in terms of prices was attained by Greece (+11.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Plugs and Socket Price in Bulgaria (FOB) - 2024
In August 2023, the average plugs and socket export price amounted to $455 per thousand units, growing by 34% against the previous month. Over the last six months, it increased at an average monthly rate of +1.6%. The export price peaked at $492 per thousand units in May 2023; however, from June 2023 to August 2023, the export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In August 2023, the country with the highest price was Turkey ($644 per thousand units), while the average price for exports to Armenia ($162 per thousand units) was amongst the lowest.
From February 2023 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Romania (+22.2%), while the prices for the other major destinations experienced more modest paces of growth.
Plugs and Socket Imports in Bulgaria
In 2022, purchases abroad of electrical plugs and sockets for under 1000 v was finally on the rise to reach 195M units after two years of decline. In general, imports, however, saw a perceptible setback. Imports peaked at 209M units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, plugs and socket imports rose markedly to $78M in 2022. Overall, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +15.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +52.9% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 38%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the immediate term.
| Import of Plugs and Socket in Bulgaria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 19.6 | 19.4 | 27.9 | 29.6 | 14.7% |
| China | 3.5 | 3.7 | 6.4 | 6.7 | 24.2% |
| Italy | 2.9 | 3.4 | 4.9 | 5.9 | 26.7% |
| Czech Republic | 1.2 | 2.1 | 5.5 | 5.0 | 60.9% |
| France | 4.6 | 3.5 | 3.9 | 4.2 | -3.0% |
| Austria | 3.8 | 4.6 | 2.7 | 3.1 | -6.6% |
| Turkey | 1.8 | 2.2 | 2.8 | 3.0 | 18.6% |
| United States | 1.4 | 1.0 | 2.0 | 2.8 | 26.0% |
| Hungary | 1.0 | 1.6 | 1.6 | 2.6 | 37.5% |
| Romania | 1.1 | 1.3 | 1.4 | 1.2 | 2.9% |
| Sweden | 0.5 | 0.4 | 0.2 | 0.1 | -41.5% |
| Others | 9.9 | 9.3 | 13.6 | 14.2 | 12.8% |
| Total | 51.2 | 52.6 | 72.9 | 78.4 | 15.3% |
Top Suppliers of Plugs and Socket to Bulgaria in 2022:
- Germany (48.2M units)
- Italy (25.2M units)
- China (22.3M units)
- Turkey (21.9M units)
- France (16.3M units)
- Hungary (13.2M units)
- Czech Republic (9.4M units)
- United States (9.3M units)
- Romania (6.0M units)
- Austria (3.8M units)
- Sweden (1.8M units)
Plugs and Socket Exports in Bulgaria
In 2022, approx. 142M units of electrical plugs and sockets for under 1000 v were exported from Bulgaria; waning by -19.2% on the previous year's figure. Overall, exports, however, recorded strong growth. The most prominent rate of growth was recorded in 2021 when exports increased by 111%. As a result, the exports reached the peak of 175M units, and then reduced remarkably in the following year.
In value terms, plugs and socket exports soared to $41M in 2022. In general, exports, however, recorded a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 101% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.
| Export of Plugs and Socket in Bulgaria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 2.8 | 2.9 | 5.3 | 14.3 | 72.2% |
| Germany | 3.5 | 3.6 | 7.6 | 11.3 | 47.8% |
| Italy | 1.7 | 1.2 | 3.3 | 3.4 | 26.0% |
| Czech Republic | 1.3 | N/A | 2.7 | 3.2 | 35.0% |
| United Kingdom | 0.1 | 0.1 | 0.6 | 1.4 | 141.0% |
| Spain | 0.6 | 0.7 | 1.2 | 1.0 | 18.6% |
| Romania | 0.6 | 0.7 | 1.0 | 0.9 | 14.5% |
| Israel | 0.7 | 0.5 | 0.7 | 0.4 | -17.0% |
| Jordan | 0.1 | 0.1 | 0.2 | 0.2 | 26.0% |
| Slovakia | 1.7 | 1.5 | 1.6 | N/A | -3.0% |
| Others | 1.7 | 2.5 | 3.8 | 5.2 | 45.2% |
| Total | 14.7 | 13.9 | 28.0 | 41.4 | 41.2% |
Top Export Markets for Plugs and Socket from Bulgaria in 2022:
- Turkey (39.9M units)
- Germany (31.5M units)
- Italy (18.7M units)
- Spain (15.6M units)
- United Kingdom (9.4M units)
- Romania (5.4M units)
- Czech Republic (3.4M units)
- Israel (3.1M units)
- Jordan (2.8M units)
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