Bulgaria: Photo-Copying Apparatus Market 2023

Photo-Copying Apparatus Market Size in Bulgaria

The Bulgarian photo-copying apparatus market surged to $X in 2022, with an increase of 257% against the previous year. Over the period under review, consumption, however, recorded a deep contraction. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Photo-Copying Apparatus Production in Bulgaria

In value terms, photo-copying apparatus production declined to $X in 2022 estimated in export price. In general, production saw a mild decrease. The most prominent rate of growth was recorded in 2021 with an increase of 0.2% against the previous year. Photo-copying apparatus production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Photo-Copying Apparatus Exports

Exports from Bulgaria

In 2022, the amount of photo-copying apparatus exported from Bulgaria declined to X units, which is down by -12.1% against the previous year. Over the period under review, exports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2013 with an increase of 52,838%. Over the period under review, the exports reached the maximum at X units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, photo-copying apparatus exports declined rapidly to $X in 2022. In general, exports, however, saw a significant increase. The pace of growth appeared the most rapid in 2013 when exports increased by 2,895% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2021, and then reduced markedly in the following year.

Exports by Country

Germany (X units) was the main destination for photo-copying apparatus exports from Bulgaria, with a 50% share of total exports. Moreover, photo-copying apparatus exports to Germany exceeded the volume sent to the second major destination, Sweden (X units), threefold. The third position in this ranking was held by the United States (X units), with a 7.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany stood at +26.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (+9.6% per year) and the United States (+140.5% per year).

In value terms, the United States ($X) remains the key foreign market for photo-copying apparatus exports from Bulgaria, comprising 42% of total exports. The second position in the ranking was taken by Germany ($X), with a 17% share of total exports. It was followed by China, with an 8.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States stood at +154.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+13.0% per year) and China (+69.6% per year).

Export Prices by Country

In 2022, the average photo-copying apparatus export price amounted to $X per unit, waning by -6.6% against the previous year. Overall, the export price continues to indicate a sharp descent. The pace of growth was the most pronounced in 2020 an increase of 16%. Over the period under review, the average export prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to South Korea ($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 Hong Kong SAR (+14.5%), while the prices for the other major destinations experienced more modest paces of growth.

Photo-Copying Apparatus Imports

Imports into Bulgaria

In 2022, after two years of growth, there was significant decline in overseas purchases of photo-copying apparatus, when their volume decreased by -12.5% to X units. Over the period under review, imports, however, posted a resilient expansion. The most prominent rate of growth was recorded in 2014 when imports increased by 126% against the previous year. Imports peaked at X units in 2021, and then fell in the following year.

In value terms, photo-copying apparatus imports shrank markedly to $X in 2022. In general, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when imports increased by 129% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports failed to regain momentum.

Imports by Country

China (X units), Italy (X units) and Germany (X units) were the main suppliers of photo-copying apparatus imports to Bulgaria, with a combined 70% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of +104.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X) constituted the largest supplier of photo-copying apparatus to Bulgaria, comprising 30% of total imports. The second position in the ranking was taken by Germany ($X), with a 10% share of total imports. It was followed by China, with a 9.9% share.

From 2012 to 2022, the average annual growth rate of value from the Netherlands totaled +1.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-4.0% per year) and China (+25.6% per year).

Import Prices by Country

In 2022, the average photo-copying apparatus import price amounted to $X per unit, reducing by -8.7% against the previous year. In general, the import price continues to indicate a abrupt descent. The growth pace was the most rapid in 2018 when the average import price increased by 28% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (-2.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :