Bulgaria - Cards Incorporating An Electronic Integrated Circuit (Smart Card) - Market Analysis, Forecast, Size, Trends and Insights

Bulgaria: Smart Card Market Overview 2020

Smart Card Market Size in Bulgaria

The revenue of the smart card market in Bulgaria amounted to $X in 2018, growing by X% against the previous year. Over the period under review, smart card consumption continues to indicate resilient growth. The most prominent rate of growth was recorded in 2015 with an increase of X% year-to-year. Smart card consumption peaked in 2018 and is likely to see steady growth in the immediate term.

Smart Card Production in Bulgaria

In value terms, smart card production amounted to $X in 2018 estimated in export prices. Over the period under review, smart card production continues to indicate strong growth. The growth pace was the most rapid in 2009 when production volume increased by X% year-to-year. Over the period under review, smart card production reached its maximum level at $X in 2017, and then declined slightly in the following year.

Smart Card Exports

Exports from Bulgaria

In 2018, approx. X units of cards incorporating an electronic integrated circuit (smart card) were exported from Bulgaria; surging by X% against the previous year. Over the period under review, smart card exports continue to indicate remarkable growth. The pace of growth appeared the most rapid in 2015 when exports increased by X% against the previous year. Over the period under review, smart card exports attained their maximum in 2018 and are likely to see steady growth in the near future.

In value terms, smart card exports totaled $X in 2018. Over the period under review, smart card exports continue to indicate an abrupt descent. The most prominent rate of growth was recorded in 2016 when exports increased by X% year-to-year. Over the period under review, smart card exports reached their maximum at $X in 2012; however, from 2013 to 2018, exports remained at a lower figure.

Exports by Country

Germany (X units), Macedonia (X units) and Switzerland (X units) were the main destinations of smart card exports from Bulgaria, with a combined X% share of total exports. The UK and Romania lagged somewhat behind, together accounting for a further X 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main countries of destination, was attained by the UK (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the key foreign market for smart card exports from Bulgaria, comprising X% of total smart card exports. The second position in the ranking was occupied by Macedonia ($X), with a X% share of total exports. It was followed by Switzerland, with a X% share.

From 2007 to 2018, the average annual growth rate of value to Germany amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Macedonia (+X% per year) and Switzerland (-X% per year).

Export Prices by Country

The average smart card export price stood at $X per unit in 2018, waning by -X% against the previous year. In general, the smart card export price continues to indicate a deep slump. The pace of growth was the most pronounced in 2010 when the average export price increased by X% y-o-y. In that year, the average export prices for cards incorporating an electronic integrated circuit (smart card) reached their peak level of $X per unit. From 2011 to 2018, the growth in terms of the average export prices for cards incorporating an electronic integrated circuit (smart card) remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2018, the country with the highest price was Switzerland ($X per unit), while the average price for exports to Macedonia ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland, while the prices for the other major destinations experienced a decline.

Smart Card Imports

Imports into Bulgaria

In 2018, approx. X units of cards incorporating an electronic integrated circuit (smart card) were imported into Bulgaria; declining by -X% against the previous year. Overall, smart card imports continue to indicate a noticeable reduction. The growth pace was the most rapid in 2010 with an increase of X% against the previous year. Imports peaked at X units in 2014; however, from 2015 to 2018, imports failed to regain their momentum.

In value terms, smart card imports amounted to $X in 2018. In general, smart card imports continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2010 when imports increased by X% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2018, imports remained at a lower figure.

Imports by Country

In 2018, China (X units) constituted the largest supplier of smart card to Bulgaria, with a X% share of total imports. Moreover, smart card imports from China exceeded the figures recorded by the second-largest supplier, France (X units), threefold. Germany (X units) ranked third in terms of total imports with a X% share.

From 2007 to 2018, the average annual growth rate of volume from China amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-X% per year) and Germany (+X% per year).

In value terms, the largest smart card suppliers to Bulgaria were Germany ($X), Thailand ($X) and China ($X), with a combined X% share of total imports. These countries were followed by Austria, France, the Czech Republic, Slovakia, Spain, Singapore, China, Hong Kong SAR, Romania and Italy, which together accounted for a further X the main suppliers, the Czech Republic recorded the highest rates of growth with regard to imports, over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The average smart card import price stood at $X per unit in 2018, shrinking by -X% against the previous year. In general, the smart card import price continues to indicate a pronounced descent. The pace of growth was the most pronounced in 2017 an increase of X% against the previous year. The import price peaked at $X per unit in 2007; however, from 2008 to 2018, import prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Thailand ($X per unit), while the price for Italy ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Thailand, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform