Bulgaria: Cinematographic Camera Market 2024

Cinematographic Camera Market Size in Bulgaria

The Bulgarian cinematographic camera market shrank markedly to $X in 2022, with a decrease of -96.1% against the previous year. Over the period under review, consumption continues to indicate a significant decrease. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

Cinematographic Camera Production in Bulgaria

In value terms, cinematographic camera production rose to $X in 2022 estimated in export price. In general, the total production indicated a slight increase from 2012 to 2022: its value increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -4.0% against 2020 indices. The most prominent rate of growth was recorded in 2014 with an increase of 60%. As a result, production reached the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

Cinematographic Camera Exports

Exports from Bulgaria

In 2022, approx. X units of cinematographic cameras for film were exported from Bulgaria; picking up by 3,272% against the year before. Overall, exports posted a significant increase. The pace of growth was the most pronounced in 2017 when exports increased by 16,950% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, cinematographic camera exports skyrocketed to $X in 2022. Over the period under review, exports showed significant growth. The growth pace was the most rapid in 2017 with an increase of 4,423% against the previous year. Over the period under review, the exports attained the maximum at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Bosnia and Herzegovina (X units), Switzerland (X units) and Serbia (X units) were the main destinations of cinematographic camera exports from Bulgaria, with a combined 35% share of total exports. The United Arab Emirates, North Macedonia and the United States lagged somewhat behind, together accounting for a further 13%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by North Macedonia (with a CAGR of +307.4%), while the other leaders experienced more modest paces of growth.

In value terms, Switzerland ($X) emerged as the key foreign market for cinematographic cameras for film exports from Bulgaria, comprising 22% of total exports. The second position in the ranking was held by Bosnia and Herzegovina ($X), with a 10% share of total exports. It was followed by the United States, with a 6% share.

From 2012 to 2022, the average annual growth rate of value to Switzerland was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Bosnia and Herzegovina (+32.1% per year) and the United States (+61.9% per year).

Export Prices by Country

The average cinematographic camera export price stood at $X per unit in 2022, reducing by -89.4% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the average export price increased by 510% against the previous year. The export price peaked at $X per unit in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Serbia ($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 Spain (+588.6%), while the prices for the other major destinations experienced more modest paces of growth.

Cinematographic Camera Imports

Imports into Bulgaria

In 2022, overseas purchases of cinematographic cameras for film increased by 278% to X units, rising for the second consecutive year after two years of decline. Over the period under review, imports saw resilient growth. The pace of growth appeared the most rapid in 2014 when imports increased by 286% against the previous year. As a result, imports attained the peak of X units. From 2015 to 2022, the growth of imports remained at a lower figure.

In value terms, cinematographic camera imports skyrocketed to $X in 2022. In general, imports continue to indicate a prominent increase. The growth pace was the most rapid in 2021 when imports increased by 3,294% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Germany (X units) constituted the largest cinematographic camera supplier to Bulgaria, accounting for a 51% share of total imports. Moreover, cinematographic camera imports from Germany exceeded the figures recorded by the second-largest supplier, Denmark (X units), fourfold. Lithuania (X units) ranked third in terms of total imports with an 8.6% share.

From 2012 to 2022, the average annual growth rate of volume from Germany totaled +26.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (+18.9% per year) and Lithuania (+28.2% per year).

In value terms, Germany ($X) constituted the largest supplier of cinematographic cameras for film to Bulgaria, comprising 74% of total imports. The second position in the ranking was taken by China ($X), with a 5.1% share of total imports. It was followed by Lithuania, with a 4.3% share.

From 2012 to 2022, the average annual growth rate of value from Germany amounted to +35.9%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+11.9% per year) and Lithuania (+60.0% per year).

Import Prices by Country

In 2022, the average cinematographic camera import price amounted to $X per unit, shrinking by -55.4% against the previous year. Over the period under review, the import price, however, enjoyed mild growth. The most prominent rate of growth was recorded in 2021 when the average import price increased by 881%. The import price peaked at $X per unit in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lithuania (+24.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :