Report Update: May 1, 2024

Bulgaria - Spectrometers And Spectrophotometers - Market Analysis, Forecast, Size, Trends And Insights

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Spectrometers and Spectrophotometers Price in Bulgaria - 2023

Spectrometers and Spectrophotometers Price in Bulgaria (CIF) - 2022

The average spectrometers and spectrophotometers import price stood at $511 per unit in 2022, growing by 11% against the previous year. Over the period under review, import price indicated a slight expansion from 2012 to 2022: its price increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, spectrometers and spectrophotometers import price increased by +83.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of 65%. Over the period under review, average import prices attained the maximum at $587 per unit in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Denmark ($1,432 per unit), while the price for Hungary ($58 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (+7.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Spectrometers and Spectrophotometers Price in Bulgaria (FOB) - 2022

In 2022, the average spectrometers and spectrophotometers export price amounted to $959 per unit, jumping by 133% against the previous year. Over the period under review, the export price posted mild growth. The pace of growth appeared the most rapid in 2014 when the average export price increased by 512% against the previous year. The export price peaked at $5,638 per unit in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was North Macedonia ($6,676 per unit), while the average price for exports to the United Arab Emirates ($142 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 Romania (+25.4%), while the prices for the other major destinations experienced more modest paces of growth.

Spectrometers and Spectrophotometers Imports in Bulgaria

In 2022, purchases abroad of spectrometers and spectrophotometers decreased by -2.7% to 6.5K units, falling for the second consecutive year after two years of growth. In general, imports faced a deep contraction. The most prominent rate of growth was recorded in 2020 with an increase of 17%. As a result, imports reached the peak of 13K units. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, spectrometers and spectrophotometers imports rose remarkably to $3.3M in 2022. Over the period under review, imports showed a relatively flat trend pattern. Over the period under review, imports hit record highs at $3.5M in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Import of Spectrometers and Spectrophotometers in Bulgaria (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	694	859	1,062	1,034	14.2%
Denmark	624	357	685	673	2.6%
Belgium	144	637	56.2	425	43.4%
United States	427	337	261	320	-9.2%
United Kingdom	32.2	42.6	82.7	173	75.1%
China	132	167	227	89.7	-12.1%
Switzerland	N/A	6.0	N/A	84.7	275.7%
Poland	54.5	78.7	49.0	71.5	9.5%
Sweden	300	293	132	62.0	-40.9%
Netherlands	231	66.2	30.3	49.4	-40.2%
Hungary	32.5	4.0	14.7	17.8	-18.2%
Others	743	700	471	326	-24.0%
Total	3,415	3,547	3,071	3,326	-0.9%

Top Suppliers of Spectrometers and Spectrophotometers to Bulgaria in 2022:

Germany (1632.0 units)
Belgium (1432.0 units)
China (655.0 units)
Denmark (470.0 units)
Poland (393.0 units)
United Kingdom (362.0 units)
United States (344.0 units)
Hungary (306.0 units)
Switzerland (164.0 units)
Netherlands (47.0 units)
Sweden (33.0 units)

Spectrometers and Spectrophotometers Exports in Bulgaria

Spectrometers and spectrophotometers exports from Bulgaria surged to 460 units in 2022, rising by 233% against 2021. Over the period under review, exports enjoyed a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, spectrometers and spectrophotometers exports skyrocketed to $441K in 2022. In general, exports enjoyed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Export of Spectrometers and Spectrophotometers in Bulgaria (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	N/A	N/A	N/A	239	0%
North Macedonia	28.8	72.7	5.0	67.7	33.0%
India	N/A	N/A	N/A	60.4	0%
United Arab Emirates	23.8	N/A	N/A	31.7	10.0%
Germany	N/A	N/A	N/A	9.9	0%
Georgia	N/A	4.2	8.2	6.0	19.5%
Israel	2.4	N/A	15.1	5.5	31.8%
Iraq	46.6	87.2	N/A	0.9	-73.2%
Serbia	12.9	60.7	N/A	0.4	-68.6%
Lebanon	12.6	3.2	N/A	N/A	-74.6%
Kosovo	N/A	33.9	N/A	N/A	0%
Iran	N/A	N/A	6.5	N/A	0%
Others	21.1	39.5	21.7	19.7	-2.3%
Total	148	301	56.5	441	43.9%

Top Export Markets for Spectrometers and Spectrophotometers from Bulgaria in 2022:

United Arab Emirates (224.0 units)
China (123.0 units)
India (30.0 units)
Israel (26.0 units)
Germany (11.0 units)
Georgia (10.0 units)
North Macedonia (10.0 units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the spectrometers and spectrophotometers 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 26515330 - Spectrometers, spectrophotometers... using optical radiations

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