Bulgaria: Spectacles And Goggles Market 2024

Spectacles And Goggles Market Size in Bulgaria

The Bulgarian spectacles and goggles market rose modestly to $X in 2022, picking up by X% against the previous year. In general, consumption, however, saw slight growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Spectacles And Goggles Production in Bulgaria

In value terms, spectacles and goggles production reduced sharply to $X in 2022 estimated in export price. Overall, production faced a sharp downturn. Over the period under review, production hit record highs at $X in 2021, and then reduced notably in the following year.

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Spectacles And Goggles Exports

Exports from Bulgaria

In 2022, the amount of spectacles and goggles exported from Bulgaria skyrocketed to X units, rising by X% on 2021. In general, exports, however, faced a abrupt decrease. The growth pace was the most rapid in 2020 when exports increased by X% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, spectacles and goggles exports surged to $X in 2022. Over the period under review, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

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

From 2012 to 2022, the average annual rate of growth in terms of volume to Romania amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: North Macedonia (X% per year) and Greece (X% per year).

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

From 2012 to 2022, the average annual rate of growth in terms of value to Greece stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (X% per year) and Italy (X% per year).

Export Prices by Country

In 2022, the average spectacles and goggles export price amounted to $X per unit, growing by X% against the previous year. Overall, the export price saw a resilient expansion. The pace of growth was the most pronounced in 2019 when the average export price increased by X%. The export price peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($X per unit), while the average price for exports to Germany ($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 Egypt (X%), while the prices for the other major destinations experienced more modest paces of growth.

Spectacles And Goggles Imports

Imports into Bulgaria

After ten years of growth, supplies from abroad of spectacles and goggles decreased by X% to X units in 2022. Over the period under review, imports, however, recorded resilient growth. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, imports attained the peak of X units, and then contracted dramatically in the following year.

In value terms, spectacles and goggles imports contracted to $X in 2022. Overall, imports, however, continue to indicate a prominent expansion. The growth pace was the most rapid in 2015 when imports increased by X% against the previous year. Imports peaked at $X in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest spectacles and goggles supplier to Bulgaria, with a X% share of total imports. Moreover, spectacles and goggles imports from China exceeded the figures recorded by the second-largest supplier, Romania (X units), fivefold. Germany (X units) ranked third in terms of total imports with a X% share.

From 2020 to 2022, the average annual rate of growth in terms of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Romania (X% per year) and Germany (X% per year).

In value terms, the largest spectacles and goggles suppliers to Bulgaria were Germany ($X), China ($X) and Romania ($X), together comprising X% of total imports. Belgium, Italy, Poland, Spain, Taiwan (Chinese), France, the Czech Republic and Turkey lagged somewhat behind, together accounting for a further X%.

Belgium, with a CAGR of X%, recorded the highest growth rate of 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 spectacles and goggles import price amounted to $X per unit, jumping by X% against the previous year. Overall, the import price, however, continues to indicate a deep contraction. The import price peaked at $X per unit in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

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 Belgium ($X per unit), while the price for China ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform