Bulgaria: Computing Machinery Market 2024

Computing Machinery Market Size in Bulgaria

After two years of growth, the Bulgarian computing machinery market decreased by X% to $X in 2022. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X, and then contracted in the following year.

Computing Machinery Production in Bulgaria

In value terms, computing machinery production surged to $X in 2022 estimated in export price. In general, production saw resilient growth. The growth pace was the most rapid in 2020 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Computing Machinery Exports

Exports from Bulgaria

In 2022, approx. X units of computing machinery and parts and accessories thereof were exported from Bulgaria; surging by X% compared with the previous year. Over the period under review, exports continue to indicate a buoyant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, computing machinery exports surged to $X in 2022. In general, exports enjoyed resilient growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The Netherlands (X units), Germany (X units) and Poland (X units) were the main destinations of computing machinery exports from Bulgaria, with a combined X% share of total exports. The UK, Greece, the United States, Romania, Turkey, the Czech Republic, North Macedonia, Serbia, Italy and Iraq lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Iraq (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X) emerged as the key foreign market for computing machinery and parts and accessories thereof exports from Bulgaria, comprising X% of total exports. The second position in the ranking was held by the UK ($X), with a X% share of total exports. It was followed by Poland, with a X% share.

From 2012 to 2022, the average annual growth rate of value to the Netherlands amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (X% per year) and Poland (X% per year).

Export Prices by Country

The average computing machinery export price stood at $X per unit in 2022, remaining relatively unchanged against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2019 to 2022, the average 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 the United States ($X per unit), while the average price for exports to Iraq ($X 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 Italy (X%), while the prices for the other major destinations experienced more modest paces of growth.

Computing Machinery Imports

Imports into Bulgaria

In 2022, imports of computing machinery and parts and accessories thereof into Bulgaria expanded sharply to X units, growing by X% against the year before. The total import volume increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 with an increase of X%. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, computing machinery imports reached $X in 2022. In general, total imports indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the near future.

Imports by Country

The Netherlands (X units), Germany (X units) and China (X units) were the main suppliers of computing machinery imports to Bulgaria, together accounting for X% of total imports. Hungary, Poland, Austria, Romania, Sweden, Hong Kong SAR, the Czech Republic, Greece, Italy and the UK lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Romania (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Hungary ($X) and Germany ($X) constituted the largest computing machinery suppliers to Bulgaria, together accounting for X% of total imports. Hong Kong SAR, Romania, Austria, China, Poland, the Czech Republic, Italy, Greece, the UK and Sweden lagged somewhat behind, together comprising a further X%.

Romania, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average computing machinery import price amounted to $X per unit, shrinking by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 when the average import price increased by X%. As a result, import price reached the peak level of $X per unit, and then fell slightly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Hong Kong SAR ($X per unit), while the price for Sweden ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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