Bulgaria: Electronic Chip Market 2024

Electronic Chip Market Size in Bulgaria

In 2023, the Bulgarian electronic chip market increased by X% to $X, rising for the third consecutive year after two years of decline. Over the period under review, consumption posted a resilient increase. Over the period under review, the market hit record highs in 2023 and is likely to see gradual growth in years to come.

Electronic Chip Production in Bulgaria

In value terms, electronic chip production fell to $X in 2023 estimated in export price. Over the period under review, production, however, enjoyed slight growth. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, production attained the peak level at $X in 2018; however, from 2019 to 2023, production stood at a somewhat lower figure.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Electronic Chip Exports

Exports from Bulgaria

After two years of decline, shipments abroad of electronic chips increased by X% to X units in 2023. Over the period under review, exports saw a prominent expansion. The most prominent rate of growth was recorded in 2020 with an increase of X%. As a result, the exports reached the peak of X units. From 2021 to 2023, the growth of the exports failed to regain momentum.

In value terms, electronic chip exports surged to $X in 2023. In general, exports recorded a prominent increase. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. The exports peaked in 2023 and are expected to retain growth in years to come.

Exports by Country

Germany (X units) was the main destination for electronic chip exports from Bulgaria, with a X% share of total exports. Moreover, electronic chip exports to Germany exceeded the volume sent to the second major destination, Hong Kong SAR (X units), threefold. China (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume to Germany totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (X% per year) and China (X% per year).

In value terms, the largest markets for electronic chip exported from Bulgaria were Hong Kong SAR ($X), Germany ($X) and China ($X), with a combined X% share of total exports. Thailand, the Philippines, Japan, the United States, Italy, Austria, Romania, Lithuania, Taiwan (Chinese) and Belgium lagged somewhat behind, together accounting for a further X%.

Lithuania, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average electronic chip export price stood at $X per unit in 2023, rising by X% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of X%. The export price peaked at $X per unit in 2017; however, from 2018 to 2023, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2023, amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per unit), while the average price for exports to Belgium ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Romania (X%), while the prices for the other major destinations experienced a decline.

Electronic Chip Imports

Imports into Bulgaria

In 2023, overseas purchases of electronic chips increased by X% to X units, rising for the third year in a row after two years of decline. In general, imports recorded a buoyant expansion. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, imports attained the peak figure in 2023 and are likely to see gradual growth in years to come.

In value terms, electronic chip imports reduced to $X in 2023. Over the period under review, imports recorded a resilient increase. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports reached the peak figure at $X in 2022, and then declined in the following year.

Imports by Country

Germany (X units), the Philippines (X units) and Malaysia (X units) were the main suppliers of electronic chip imports to Bulgaria, together comprising X% of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Malaysia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest electronic chip suppliers to Bulgaria were Germany ($X), the Philippines ($X) and Malaysia ($X), together comprising X% of total imports. The Netherlands, Belgium, Hungary, Hong Kong SAR, Taiwan (Chinese), France, Thailand, Turkey, the UK and Italy lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Turkey, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average electronic chip import price stood at $X per unit in 2023, reducing by X% against the previous year. Overall, the import price, however, posted a modest increase. The most prominent rate of growth was recorded in 2020 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per unit. From 2021 to 2023, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Hungary ($X per unit), while the price for Turkey ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Hungary (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform