Bulgaria: Calculator Market 2022

Calculator Market Size in Bulgaria

The Bulgarian calculator market fell to $X in 2021, with a decrease of -12.3% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption continues to indicate a pronounced decrease. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market remained at a somewhat lower figure.

Calculator Exports

Exports from Bulgaria

Calculator exports from Bulgaria skyrocketed to X units in 2021, growing by 49% on the year before. Overall, exports continue to indicate a temperate increase. The most prominent rate of growth was recorded in 2016 with an increase of 279%. Over the period under review, the exports reached the maximum at X units in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, calculator exports soared to $X in 2021. In general, exports, however, recorded a abrupt contraction. The growth pace was the most rapid in 2016 when exports increased by 199%. Over the period under review, the exports reached the maximum at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

Greece (X units) was the main destination for calculator exports from Bulgaria, accounting for a 61% share of total exports. Moreover, calculator exports to Greece exceeded the volume sent to the second major destination, Romania (X units), twofold. The third position in this ranking was taken by Germany (X units), with a 9.2% share.

From 2012 to 2021, the average annual growth rate of volume to Greece stood at +57.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (-9.5% per year) and Germany (+17.2% per year).

In value terms, Greece ($X) remains the key foreign market for calculator exports from Bulgaria, comprising 68% of total exports. The second position in the ranking was taken by Romania ($X), with a 7% share of total exports. It was followed by Germany, with a 6.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Greece totaled +31.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (-25.5% per year) and Germany (-9.5% per year).

Export Prices by Country

The average calculator export price stood at $X per unit in 2021, which is down by -8.9% against the previous year. Overall, the export price recorded a deep contraction. The most prominent rate of growth was recorded in 2013 when the average export price increased by 148% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2014 to 2021, the the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Greece ($X per unit), while the average price for exports to Romania ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+49.0%), while the prices for the other major destinations experienced a decline.

Calculator Imports

Imports into Bulgaria

In 2021, the amount of electronic calculators and pocket-size data recording, reproducing and displaying machines with calculating functions imported into Bulgaria declined slightly to X units, reducing by -2.8% on 2020. In general, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when imports increased by 64%. As a result, imports reached the peak of X units. From 2015 to 2021, the growth of imports remained at a lower figure.

In value terms, calculator imports expanded notably to $X in 2021. Over the period under review, imports showed a mild setback. The growth pace was the most rapid in 2014 with an increase of 114% against the previous year. Over the period under review, imports attained the maximum at $X in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

Imports by Country

China (X units), the Netherlands (X units) and Germany (X units) were the main suppliers of calculator imports to Bulgaria, with a combined 68% share of total imports. Poland, Turkey, Hungary, Ireland and the Czech Republic lagged somewhat behind, together comprising a further 25%.

From 2012 to 2021, the biggest increases were in Ireland (with a CAGR of +804.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Poland ($X) and Ireland ($X) constituted the largest calculator suppliers to Bulgaria, together accounting for 50% of total imports.

Ireland, with a CAGR of +10,365.5%, saw the highest growth rate of the value of imports, in terms of 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 2021, the average calculator import price amounted to $X per unit, rising by 9.7% against the previous year. In general, the import price, however, recorded a perceptible setback. The most prominent rate of growth was recorded in 2016 when the average import price increased by 36%. The import price peaked at $X per unit in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Ireland ($X per unit), while the price for Turkey ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ireland (+1,056.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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