Price for Electric Motors; of an Output Not Exceeding 37.5W in Bulgaria - 2023
Contents:
- Price for Electric Motors; of an Output Not Exceeding 37.5W in Bulgaria (FOB) - 2022
- Price for Electric Motors; of an Output Not Exceeding 37.5W in Bulgaria (CIF) - 2022
- Exports of Electric Motors; of an Output Not Exceeding 37.5W in Bulgaria
- Imports of Electric Motors; of an Output Not Exceeding 37.5W in Bulgaria
Price for Electric Motors; of an Output Not Exceeding 37.5W in Bulgaria (FOB) - 2022
The average export price for electric motors stood at $13 per unit in 2022, flattening at the previous year. Overall, the export price showed a significant decline. The pace of growth appeared the most rapid in 2015 when the average export price increased by 134%. As a result, the export price reached the peak level of $127 per unit. From 2016 to 2022, the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Poland ($19 per unit), while the average price for exports to Hungary ($10 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 Hungary (-4.8%), while the prices for the other major destinations experienced a decline.
Price for Electric Motors; of an Output Not Exceeding 37.5W in Bulgaria (CIF) - 2022
In 2022, the average import price for electric motors amounted to $3 per unit, declining by -10.8% against the previous year. Over the period under review, the import price showed a pronounced setback. The pace of growth was the most pronounced in 2019 when the average import price increased by 22% against the previous year. Over the period under review, average import prices hit record highs at $4.8 per unit in 2014; however, from 2015 to 2022, import prices stood at a somewhat 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 Denmark ($21 per unit), while the price for the Czech Republic ($1.1 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+3.2%), while the prices for the other major suppliers experienced a decline.
Exports of Electric Motors; of an Output Not Exceeding 37.5W in Bulgaria
In 2022, exports of electric motors from Bulgaria expanded significantly to 2M units, increasing by 14% compared with the year before. Overall, exports recorded a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 347% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.
In value terms, exports of electric motors totaled $25M in 2022. In general, exports enjoyed a significant expansion. The growth pace was the most rapid in 2021 with an increase of 239%. The exports peaked in 2022 and are expected to retain growth in the immediate term.
| Export of Electric Motors; of an Output Not Exceeding 37.5W in Bulgaria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 0.2 | 2.6 | 13.3 | 15.3 | 324.5% |
| Italy | 3.2 | 2.4 | 3.7 | 4.4 | 11.2% |
| Hungary | N/A | 0.7 | 2.1 | 2.2 | 77.3% |
| Spain | N/A | N/A | 1.3 | 1.4 | 7.7% |
| Poland | N/A | 0.2 | 0.4 | 0.6 | 73.2% |
| Denmark | 0.7 | 0.3 | 0.3 | 0.3 | -24.6% |
| Others | 0.5 | 0.5 | 1.5 | 1.3 | 37.5% |
| Total | 4.6 | 6.7 | 22.6 | 25.4 | 76.7% |
Top Export Markets for Electric Motors; of an Output Not Exceeding 37.5W from Bulgaria in 2022:
- Germany (1163.7K units)
- Italy (431.4K units)
- Hungary (212.7K units)
- Spain (78.7K units)
- Poland (31.3K units)
- Denmark (22.0K units)
Imports of Electric Motors; of an Output Not Exceeding 37.5W in Bulgaria
For the fourth consecutive year, Bulgaria recorded growth in purchases abroad of electric motors, which increased by 18% to 6M units in 2022. Overall, imports enjoyed a significant increase. The pace of growth appeared the most rapid in 2021 when imports increased by 54%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, imports of electric motors expanded markedly to $18M in 2022. Over the period under review, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +19.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +71.4% against 2019 indices. The growth pace was the most rapid in 2021 when imports increased by 42% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in the near future.
| Import of Electric Motors; of an Output Not Exceeding 37.5W in Bulgaria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 2.9 | 4.1 | 6.5 | 4.6 | 16.6% |
| China | 0.5 | 0.7 | 1.7 | 2.7 | 75.4% |
| Italy | 1.8 | 1.8 | 2.4 | 2.5 | 11.6% |
| United States | 1.0 | 0.8 | 1.2 | 1.7 | 19.3% |
| Hong Kong SAR | 0.1 | N/A | 0.1 | 0.8 | 100.0% |
| France | 0.1 | 0.2 | 0.6 | 0.6 | 81.7% |
| Czech Republic | 0.3 | 0.2 | 0.3 | 0.1 | -30.7% |
| Vietnam | N/A | 0.1 | N/A | N/A | 0% |
| Others | 3.8 | 4.0 | 4.2 | 4.8 | 8.1% |
| Total | 10.4 | 11.9 | 16.8 | 17.8 | 19.6% |
Top Suppliers of Electric Motors; of an Output Not Exceeding 37.5W to Bulgaria in 2022:
- Germany (2330.0K units)
- China (1876.0K units)
- United States (650.9K units)
- Hong Kong SAR (398.9K units)
- Italy (320.6K units)
- France (140.6K units)
- Czech Republic (105.6K units)
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