Price for Electrical Push-Button and Rotary Switch in Bulgaria - 2024
Contents:
- Price for Electrical Push-Button and Rotary Switch in Bulgaria (FOB) - 2024
- Price for Electrical Push-Button and Rotary Switch in Bulgaria (CIF) - 2024
- Exports of Electrical Push-Button and Rotary Switch in Bulgaria
- Imports of Electrical Push-Button and Rotary Switch in Bulgaria
Price for Electrical Push-Button and Rotary Switch in Bulgaria (FOB) - 2024
The average export price for electrical push-button and rotary switches for under 1000 v stood at $1.4 per unit in February 2024, dropping by -24.3% against the previous month. In general, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in December 2023 an increase of 30% m-o-m. As a result, the export price attained the peak level of $2.1 per unit. From January 2024 to February 2024, the the average export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In February 2024, the country with the highest price was China ($7.4 per unit), while the average price for exports to Brazil ($714 per thousand units) was amongst the lowest.
From February 2023 to February 2024, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+9.8%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Electrical Push-Button and Rotary Switch in Bulgaria (CIF) - 2024
In February 2024, the average import price for electrical push-button and rotary switches for under 1000 v amounted to $1.7 per unit, declining by -21.8% against the previous month. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in January 2024 an increase of 68% m-o-m. Over the period under review, average import prices hit record highs at $2.8 per unit in September 2023; however, from October 2023 to February 2024, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Ukraine ($4.0 per unit), while the price for Turkey ($635 per thousand units) was amongst the lowest.
From February 2023 to February 2024, the most notable rate of growth in terms of prices was attained by China (+8.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Electrical Push-Button and Rotary Switch in Bulgaria
In 2022, after three years of growth, there was decline in shipments abroad of electrical push-button and rotary switches for under 1000 v, when their volume decreased by -2.3% to 71M units. The total export volume increased at an average annual rate of +12.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 when exports increased by 41%. The exports peaked at 73M units in 2021, and then reduced slightly in the following year.
In value terms, electrical push-button and rotary switch exports reduced to $100M in 2022. In general, total exports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +12.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +40.7% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 24%. As a result, the exports attained the peak of $107M, and then fell in the following year.
| Export of Electrical Push-Button and Rotary Switch in Bulgaria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 35.0 | 44.7 | 54.2 | 50.7 | 13.1% |
| Italy | 2.8 | 6.4 | 11.2 | 8.4 | 44.2% |
| Romania | 4.3 | 7.1 | 10.8 | 7.9 | 22.5% |
| Sweden | 0.1 | 0.2 | 0.9 | 5.9 | 289.3% |
| China | 1.6 | 1.8 | 5.9 | 4.6 | 42.2% |
| United States | 1.1 | 1.7 | 2.7 | 2.9 | 38.1% |
| Hungary | 0.6 | 0.5 | 1.4 | 2.2 | 54.2% |
| Poland | 1.2 | 1.8 | 2.2 | 1.8 | 14.5% |
| Spain | 0.3 | N/A | 0.4 | 1.8 | 81.7% |
| France | 0.4 | 0.5 | 1.5 | 1.6 | 58.7% |
| Turkey | 0.6 | 1.1 | 1.2 | 1.1 | 22.4% |
| Czech Republic | 16.2 | 11.0 | 3.9 | 0.3 | -73.5% |
| Others | 7.2 | 9.7 | 10.9 | 11.1 | 15.5% |
| Total | 71.2 | 86.6 | 107 | 100 | 12.0% |
Top Export Markets for Electrical Push-Button and Rotary Switch from Bulgaria in 2022:
- Germany (31.9M units)
- Romania (10.3M units)
- Italy (5.2M units)
- Poland (3.6M units)
- Sweden (2.6M units)
- Spain (2.6M units)
- France (2.2M units)
- China (1.8M units)
- United States (1.7M units)
- Hungary (1.2M units)
- Turkey (1.0M units)
- Czech Republic (0.1M units)
Imports of Electrical Push-Button and Rotary Switch in Bulgaria
In 2022, approx. 43M units of electrical push-button and rotary switches for under 1000 v were imported into Bulgaria; increasing by 28% on the year before. Overall, total imports indicated a significant increase from 2019 to 2022: its volume increased at an average annual rate of +23.9% 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 +90.3% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 62%. Over the period under review, imports reached the peak figure in 2022 and are likely to see steady growth in the immediate term.
In value terms, electrical push-button and rotary switch imports reached $50M in 2022. Over the period under review, total imports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +20.4% 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 +74.7% against 2019 indices. The pace of growth was the most pronounced in 2020 with an increase of 43%. Over the period under review, imports reached the peak figure in 2022 and are likely to see gradual growth in the immediate term.
| Import of Electrical Push-Button and Rotary Switch in Bulgaria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 8.0 | 9.2 | 9.8 | 9.7 | 6.6% |
| Turkey | 1.9 | 5.5 | 8.7 | 9.2 | 69.2% |
| China | 2.1 | 2.9 | 3.5 | 4.8 | 31.7% |
| Czech Republic | 2.2 | 3.5 | 5.0 | 4.7 | 28.8% |
| Hungary | 1.6 | 1.7 | 1.8 | 3.3 | 27.3% |
| France | 2.4 | 2.2 | 2.7 | 3.2 | 10.1% |
| Spain | 0.6 | 2.3 | 2.7 | 1.8 | 44.2% |
| Austria | 1.3 | 1.0 | 1.5 | 1.6 | 7.2% |
| Italy | 1.9 | 3.4 | 2.2 | 1.3 | -11.9% |
| Poland | 0.3 | 0.9 | 0.8 | 1.2 | 58.7% |
| Slovenia | 0.5 | 0.7 | 1.0 | 1.1 | 30.1% |
| Ukraine | N/A | N/A | N/A | 0.8 | 0% |
| Romania | 2.3 | 0.9 | 0.9 | 0.6 | -36.1% |
| Others | 3.8 | 7.2 | 6.1 | 7.3 | 24.3% |
| Total | 28.9 | 41.4 | 46.6 | 50.5 | 20.4% |
Top Suppliers of Electrical Push-Button and Rotary Switch to Bulgaria in 2022:
- Turkey (12.5M units)
- China (5.4M units)
- Spain (4.0M units)
- Ukraine (3.4M units)
- Germany (3.3M units)
- Hungary (3.0M units)
- France (2.4M units)
- Czech Republic (2.1M units)
- Italy (1.1M units)
- Slovenia (1.0M units)
- Poland (0.9M units)
- Austria (0.8M units)
- Romania (0.3M units)
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