Bulgaria: Test Bench Market 2024

Test Bench Market Size in Bulgaria

The Bulgarian test bench market declined to $X in 2022, shrinking by X% against the previous year. Overall, the total consumption indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2020 indices. Test bench consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Test Bench Production in Bulgaria

In value terms, test bench production shrank slightly to $X in 2022 estimated in export price. Overall, the total production indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2016 when the production volume increased by X%. Test bench production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Test Bench Exports

Exports from Bulgaria

In 2022, exports of test benches from Bulgaria dropped significantly to X units, with a decrease of X% compared with 2021. Overall, exports, however, enjoyed measured growth. The pace of growth appeared the most rapid in 2014 with an increase of X%. The exports peaked at X units in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, test bench exports dropped notably to $X in 2022. Over the period under review, exports, however, recorded buoyant growth. The growth pace was the most rapid in 2020 when exports increased by X%. As a result, the exports attained the peak of $X. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Turkey (X units), Poland (X units) and Romania (X units) were the main destinations of test bench exports from Bulgaria, with a combined X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X) emerged as the key foreign market for test benches exports from Bulgaria, comprising X% of total exports. The second position in the ranking was held by Serbia ($X), with an X% share of total exports. It was followed by Poland, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Turkey stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Serbia (X% per year) and Poland (X% per year).

Export Prices by Country

In 2022, the average test bench export price amounted to $X per unit, which is down by X% against the previous year. Over the period under review, the export price, however, enjoyed a strong expansion. The most prominent rate of growth was recorded in 2013 when the average export price increased by X%. As a result, the export price reached the peak level of $X per unit. From 2014 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Serbia ($X per unit), while the average price for exports to Romania ($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 Serbia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Test Bench Imports

Imports into Bulgaria

In 2022, the amount of test benches imported into Bulgaria soared to X units, picking up by X% compared with the year before. Overall, imports, however, showed a slight curtailment. The pace of growth appeared the most rapid in 2020 when imports increased by X% against the previous year. As a result, imports reached the peak of X units. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, test bench imports skyrocketed to $X in 2022. In general, imports, however, continue to indicate a relatively flat trend pattern. Over the period under review, imports attained the maximum at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Germany (X units), Italy (X units) and China (X units) were the main suppliers of test bench imports to Bulgaria, with a combined X% share of total imports. The United States, Greece, the Netherlands and Turkey lagged somewhat behind, together comprising a further X%.

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

In value terms, Germany ($X), Italy ($X) and the United States ($X) appeared to be the largest test bench suppliers to Bulgaria, with a combined X% share of total imports. China, Turkey, Greece and the Netherlands lagged somewhat behind, together comprising a further X%.

Among the main suppliers, Greece, with a CAGR of X%, saw the highest rates of growth with regard to 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

In 2022, the average test bench import price amounted to $X per unit, picking up by X% against the previous year. Overall, the import price posted a slight increase. The growth pace was the most rapid in 2013 an increase of X% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

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

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

Source: IndexBox Platform

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