Report Update: May 1, 2024

Bulgaria - Printed Circuits - Market Analysis, Forecast, Size, Trends and Insights

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Printed Circuit Price in Bulgaria - 2023

Printed Circuit Price in Bulgaria (CIF) - 2023

In October 2023, the average printed circuit import price amounted to $414 per thousand units, falling by -23.2% against the previous month. Over the period under review, the import price continues to indicate a perceptible curtailment. The most prominent rate of growth was recorded in March 2023 when the average import price increased by 31% month-to-month. The import price peaked at $646 per thousand units in July 2023; however, from August 2023 to October 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was Japan ($647 per thousand units), while the price for Hong Kong SAR ($266 per thousand units) was amongst the lowest.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Germany (+2.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Printed Circuit Price in Bulgaria (FOB) - 2023

In October 2023, the average printed circuit export price amounted to $932 per thousand units, approximately mirroring the previous month. Over the period under review, export price indicated a modest expansion from October 2022 to October 2023: its price increased at an average monthly rate of +1.2% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on October 2023 figures, printed circuit export price decreased by -27.0% against May 2023 indices. The most prominent rate of growth was recorded in December 2022 when the average export price increased by 84% month-to-month. As a result, the export price attained the peak level of $1.5 per unit. From January 2023 to October 2023, the the average export prices remained at a somewhat lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Malaysia ($4.0 per unit), while the average price for exports to Turkey ($746 per thousand units) was amongst the lowest.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Slovenia (+5.0%), while the prices for the other major destinations experienced more modest paces of growth.

Printed Circuit Imports in Bulgaria

In 2022, the amount of printed circuits imported into Bulgaria totaled 411M units, growing by 3.6% against the year before. The total import volume increased at an average annual rate of +2.5% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 24%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, printed circuit imports reduced to $191M in 2022. Over the period under review, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +13.9% 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 +47.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 56% against the previous year. As a result, imports reached the peak of $201M, and then shrank in the following year.

Import of Printed Circuit in Bulgaria (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	28.6	33.0	50.0	46.5	17.6%
Germany	30.1	27.4	41.0	39.7	9.7%
Czech Republic	9.9	13.4	34.9	31.7	47.4%
Hong Kong SAR	20.2	20.6	25.8	19.7	-0.8%
Thailand	6.1	7.0	13.1	11.2	22.5%
Taiwan (Chinese)	2.4	2.9	4.6	9.9	60.4%
France	6.2	4.3	5.6	5.9	-1.6%
Macao SAR	N/A	N/A	N/A	2.7	0%
Italy	2.4	2.2	2.4	2.6	2.7%
Others	23.4	18.1	23.7	20.9	-3.7%
Total	129	129	201	191	14.0%

Top Suppliers of Printed Circuit to Bulgaria in 2022:

China (147.2M units)
Germany (81.7M units)
Hong Kong SAR (76.3M units)
Czech Republic (24.1M units)
Thailand (17.8M units)
Macao SAR (15.3M units)
Italy (11.7M units)
Taiwan (Chinese) (7.6M units)
France (7.3M units)

Printed Circuit Exports in Bulgaria

For the third year in a row, Bulgaria recorded decline in shipments abroad of printed circuits, which decreased by -5.4% to 63M units in 2022. In general, exports faced a abrupt slump. Over the period under review, the exports hit record highs at 93M units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, printed circuit exports reduced notably to $65M in 2022. Overall, exports recorded a deep slump. The pace of growth appeared the most rapid in 2021 with an increase of 11%. Over the period under review, the exports hit record highs at $96M in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Export of Printed Circuit in Bulgaria (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	21.7	19.6	31.0	23.2	2.3%
Czech Republic	5.6	6.6	7.0	8.3	14.0%
Poland	4.0	4.9	11.8	7.5	23.3%
Spain	18.2	8.8	6.7	5.1	-34.6%
France	10.3	6.5	6.6	2.9	-34.5%
Switzerland	2.9	1.7	2.2	2.7	-2.4%
Hungary	14.9	13.9	5.6	2.7	-43.4%
Slovakia	N/A	0.2	0.3	2.5	253.6%
Italy	2.8	2.1	2.5	1.8	-13.7%
Slovenia	1.2	1.3	1.3	1.3	2.7%
Romania	4.4	1.4	0.2	0.2	-64.3%
Others	10.2	7.2	7.2	7.1	-11.4%
Total	96.2	74.1	82.4	65.1	-12.2%

Top Export Markets for Printed Circuit from Bulgaria in 2022:

Germany (21.7M units)
Poland (9.1M units)
Spain (8.1M units)
Czech Republic (4.4M units)
Slovakia (3.8M units)
France (3.1M units)
Switzerland (2.9M units)
Slovenia (2.2M units)
Hungary (1.5M units)
Italy (1.2M units)
Romania (0.3M units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the printed circuit market in Bulgaria. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 26121020 - Bare multilayer printed circuit boards
Prodcom 26121050 - Bare printed circuit boards other than multilayer
Prodcom 26121080 - Passive networks (including networks of resistors and/or capacitors) (excluding resistor chip arrays, capacitor chip arrays, boards containing active components, hybrids)

Country coverage:

Bulgaria

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Bulgaria
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023