Bulgaria: Telecommunications Instrument Market 2024

Telecommunications Instrument Market Size in Bulgaria

The Bulgarian telecommunications instrument market dropped sharply to $X in 2022, waning by X% against the previous year. Over the period under review, consumption, however, recorded a modest expansion. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Telecommunications Instrument Production in Bulgaria

In value terms, telecommunications instrument production rose modestly to $X in 2022 estimated in export price. In general, production, however, showed perceptible growth. The most prominent rate of growth was recorded in 2016 with an increase of X%. As a result, production attained the peak level of $X. From 2017 to 2022, production growth remained at a somewhat lower figure.

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Telecommunications Instrument Exports

Exports from Bulgaria

In 2022, exports of telecommunications instruments from Bulgaria surged to X units, jumping by X% compared with 2021 figures. Overall, exports showed significant growth. The pace of growth appeared the most rapid in 2015 when exports increased by X%. The exports peaked at X units in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, telecommunications instrument exports skyrocketed to $X in 2022. Over the period under review, exports posted significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Turkey (X units) was the main destination for telecommunications instrument exports from Bulgaria, with a X% share of total exports. Moreover, telecommunications instrument exports to Turkey exceeded the volume sent to the second major destination, Switzerland (X units), more than tenfold.

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

In value terms, Turkey ($X) emerged as the key foreign market for telecommunications instruments exports from Bulgaria, comprising X% of total exports. The second position in the ranking was taken by Switzerland ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Turkey amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (X% per year) and North Macedonia (X% per year).

Export Prices by Country

In 2022, the average telecommunications instrument export price amounted to $X per unit, falling by X% against the previous year. Over the period under review, the export price, however, continues to indicate slight growth. The growth pace was the most rapid in 2018 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2021, and then reduced dramatically in the following year.

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

Telecommunications Instrument Imports

Imports into Bulgaria

Telecommunications instrument imports into Bulgaria expanded significantly to X units in 2022, surging by X% on 2021. Overall, imports showed resilient growth. The pace of growth appeared the most rapid in 2013 when imports increased by X%. As a result, imports attained the peak of X units. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, telecommunications instrument imports surged to $X in 2022. In general, imports posted a pronounced increase. The most prominent rate of growth was recorded in 2013 when imports increased by X%. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Austria (X units), the Netherlands (X units) and China (X units) were the main suppliers of telecommunications instrument imports to Bulgaria, with a combined X% share of total imports. Switzerland, the UK, Germany, Hong Kong SAR, the Czech Republic and the United States lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Switzerland (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest telecommunications instrument suppliers to Bulgaria were Austria ($X), the Netherlands ($X) and Switzerland ($X), together accounting for X% of total imports.

Switzerland, with a CAGR of X%, recorded 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 telecommunications instrument import price amounted to $X per unit, growing by X% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The import price peaked at $X per unit in 2012; however, from 2013 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 Switzerland ($X per unit), while the price for the Czech Republic ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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