Bulgaria’s Electrical Insulation Sector Hits Decade-Low in 2024
Bulgaria’s electrical insulation fittings sector faced a difficult year in 2024. Both production and market value fell sharply, continuing a broader downward trend. Exports and imports also declined, reversing earlier growth seen in previous years.
The market for electrical insulation fittings in Bulgaria shrank by X% in 2024, reaching a value of $X. This follows a long-term decline since 2015, when the sector peaked at $X. Since then, consumption has remained consistently lower.
Production also suffered, dropping to $X in 2024 after a brief surge in 2017. That year saw the fastest growth, with output rising by X%, but the overall trend has been a steady contraction.
Exports fell by X% in 2024, totaling approximately X tons. While exports had previously grown significantly, peaking at X tons in 2021, they have since stabilized at lower levels. Imports also plunged, dropping by X% to X tons—a sharp reversal after years of steady expansion.
The overall consumption of these fittings in Bulgaria weakened noticeably in 2024, reflecting the broader struggles in the sector.
The latest figures confirm a challenging period for Bulgaria’s electrical insulation fittings industry. With production, exports, and imports all declining, the sector now operates well below its peak levels. The data suggests a sustained contraction rather than a short-term dip.
