Price for Watch Cases and Parts Thereof in Bulgaria - 2023

Contents:

  1. Price for Watch Cases and Parts Thereof in Bulgaria (FOB) - 2022
  2. Price for Watch Cases and Parts Thereof in Bulgaria (CIF) - 2022
  3. Exports of Watch Cases and Parts Thereof in Bulgaria
  4. Imports of Watch Cases and Parts Thereof in Bulgaria

Price for Watch Cases and Parts Thereof in Bulgaria (FOB) - 2022

Bulgaria has no trade partners to describe.

Price for Watch Cases and Parts Thereof in Bulgaria (CIF) - 2022

The average import price for watch cases and parts thereoves stood at $21 per unit in 2022, growing by 11% against the previous year. Over the period under review, import price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, watch cases and parts thereof import price increased by +37.0% against 2019 indices. The most prominent rate of growth was recorded in 2018 an increase of 64% against the previous year. Over the period under review, average import prices reached the maximum at $27 per unit in 2015; however, from 2016 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 Switzerland ($28 per unit), while the price for Spain ($16 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (+5.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Watch Cases and Parts Thereof in Bulgaria

Watch cases and parts thereof exports from Bulgaria shrank dramatically to 105 units in 2022, declining by -70.3% against 2021. Over the period under review, exports saw a precipitous shrinkage. The growth pace was the most rapid in 2021 when exports increased by 39%. As a result, the exports attained the peak of 354 units, and then declined markedly in the following year.

In value terms, watch cases and parts thereof exports contracted markedly to $2.9K in 2022. In general, exports continue to indicate a dramatic decrease. The smallest decline of -4.2% was in 2020. The exports peaked at $42K in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Export of Watch Cases and Parts Thereof in Bulgaria (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Switzerland33.240.630.4N/A-4.3%
Others9.2N/AN/A2.9-31.9%
Total42.440.630.42.9-59.1%

Top Export Markets for Watch Cases and Parts Thereof from Bulgaria in 2022:

    Imports of Watch Cases and Parts Thereof in Bulgaria

    Watch cases and parts thereof imports into Bulgaria surged to 5.4K units in 2022, increasing by 480% against the previous year. In general, imports recorded significant growth. Over the period under review, imports reached the maximum at 5.8K units in 2020; however, from 2021 to 2022, imports remained at a lower figure.

    In value terms, watch cases and parts thereof imports soared to $112K in 2022. Over the period under review, imports continue to indicate a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

    Import of Watch Cases and Parts Thereof in Bulgaria (Thousand USD)
    COUNTRY2019202020212022CAGR,
    2019-2022
    GermanyN/AN/A0.874.39187.5%
    Switzerland4.94.18.113.841.2%
    Spain9.96.76.710.41.7%
    FranceN/A0.41.53.3187.2%
    RomaniaN/A90.9N/AN/A0%
    Others4.60.40.310.431.2%
    Total19.410317.411279.4%

    Top Suppliers of Watch Cases and Parts Thereof to Bulgaria in 2022:

    1. Germany (3.9K units)
    2. Spain (0.7K units)
    3. Switzerland (0.5K units)
    4. France (0.1K units)

    Source: IndexBox Market Intelligence Platform

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