Bulgaria: Marine Gps Navigator Market 2024

Marine Gps Navigator Market Size in Bulgaria

In 2022, the Bulgarian marine GPS navigator market decreased by X% to $X, falling for the second consecutive year after two years of growth. Over the period under review, consumption saw strong growth. Over the period under review, the market attained the maximum level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Marine Gps Navigator Production in Bulgaria

In value terms, marine GPS navigator production amounted to $X in 2022 estimated in export price. In general, production posted a strong increase. The most prominent rate of growth was recorded in 2014 with an increase of X%. Marine GPS navigator production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Marine Gps Navigator Exports

Exports from Bulgaria

In 2022, overseas shipments of marine or river navigation instruments and appliances decreased by X% to X units for the first time since 2011, thus ending a ten-year rising trend. In general, exports, however, continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. As a result, the exports reached the peak of X units, and then fell in the following year.

In value terms, marine GPS navigator exports reduced to $X in 2022. Over the period under review, exports, however, saw a significant increase. The pace of growth was the most pronounced in 2014 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X units), France (X units) and the UK (X units) were the main destinations of marine GPS navigator exports from Bulgaria, with a combined X% share of total exports.

From 2020 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by France (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the UK ($X), Romania ($X) and France ($X) appeared to be the largest markets for marine GPS navigator exported from Bulgaria worldwide, with a combined X% share of total exports.

Romania, with a CAGR of X%, saw 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

In 2022, the average marine GPS navigator export price amounted to $X per unit, therefore, remained relatively stable against the previous year. In general, the export price showed a sharp decline. The export price peaked at $X per unit in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Romania ($X per unit), while the average price for exports to Hungary ($X per unit) was amongst the lowest.

From 2020 to 2022, 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.

Marine Gps Navigator Imports

Imports into Bulgaria

After ten years of growth, supplies from abroad of marine or river navigation instruments and appliances decreased by X% to X units in 2022. Overall, imports, however, recorded resilient growth. The pace of growth was the most pronounced in 2021 when imports increased by X%. As a result, imports reached the peak of X units, and then declined remarkably in the following year.

In value terms, marine GPS navigator imports dropped rapidly to $X in 2022. In general, imports, however, continue to indicate prominent growth. The most prominent rate of growth was recorded in 2016 when imports increased by X%. Imports peaked at $X in 2021, and then shrank remarkably in the following year.

Imports by Country

In 2022, China (X units) constituted the largest marine GPS navigator supplier to Bulgaria, accounting for a X% share of total imports. Moreover, marine GPS navigator imports from China exceeded the figures recorded by the second-largest supplier, Poland (X units), threefold. The Netherlands (X units) ranked third in terms of total imports with a X% share.

From 2020 to 2022, the average annual growth rate of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (X% per year) and the Netherlands (X% per year).

In value terms, the largest marine GPS navigator suppliers to Bulgaria were China ($X), the Netherlands ($X) and Poland ($X), together comprising X% of total imports. France, Romania, the UK, the United States and Austria lagged somewhat behind, together comprising a further X%.

France, with a CAGR of X%, saw the highest rates of growth with regard to 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 2022, the average marine GPS navigator import price amounted to $X per unit, shrinking by X% against the previous year. Overall, the import price faced a abrupt curtailment. The most prominent rate of growth was recorded in 2021 when the average import price decreased by X%. The import price peaked at $X per unit in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per unit), while the price for Austria ($X per unit) was amongst the lowest.

From 2020 to 2022, the most notable rate of growth in terms of prices was attained by the United States (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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