Bulgaria: Computing Machinery Market 2024

Computing Machinery Market Size in Bulgaria

The Bulgarian computing machinery market surged to $X in 2021, picking up by 26% against the previous year. The market value increased at an average annual rate of +3.4% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Computing Machinery Production in Bulgaria

In value terms, computing machinery production dropped rapidly to $X in 2021 estimated in export price. Overall, production, however, recorded a moderate expansion. The growth pace was the most rapid in 2020 with an increase of 126%. As a result, production reached the peak level of $X, and then dropped markedly in the following year.

Computing Machinery Exports

Exports from Bulgaria

In 2021, exports of computing machinery and parts and accessories thereof from Bulgaria rose rapidly to X tons, growing by 11% on the year before. In general, total exports indicated prominent growth from 2012 to 2021: its volume increased at an average annual rate of +8.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +20.2% against 2018 indices. The pace of growth appeared the most rapid in 2013 when exports increased by 29% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are likely to see steady growth in years to come.

In value terms, computing machinery exports rose significantly to $X in 2021. Overall, exports posted a remarkable increase. The most prominent rate of growth was recorded in 2016 with an increase of 24%. The exports peaked in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Germany (X tons), Greece (X tons) and the Netherlands (X tons) were the main destinations of computing machinery exports from Bulgaria, together accounting for 51% of total exports. These countries were followed by the UK, Romania, Poland, the United States, North Macedonia, Italy, Chile and Ukraine, which together accounted for a further 28%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Chile (with a CAGR of +69.8%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the Netherlands ($X) and the United States ($X) appeared to be the largest markets for computing machinery exported from Bulgaria worldwide, with a combined 40% share of total exports. These countries were followed by Greece, the UK, Poland, Romania, Italy, Chile, North Macedonia and Ukraine, which together accounted for a further 35%.

Among the main countries of destination, Chile, with a CAGR of +72.8%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average computing machinery export price amounted to $X per ton, almost unchanged from the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the average export price increased by 19%. As a result, the export price attained the peak level of $X per ton. From 2019 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to North Macedonia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Ukraine (+10.2%), while the prices for the other major destinations experienced more modest paces of growth.

Computing Machinery Imports

Imports into Bulgaria

In 2021, the amount of computing machinery and parts and accessories thereof imported into Bulgaria was estimated at X tons, growing by 11% on 2020 figures. The total import volume increased at an average annual rate of +2.4% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 with an increase of 14% against the previous year. Over the period under review, imports reached the maximum in 2021 and are likely to see gradual growth in the near future.

In value terms, computing machinery imports soared to $X in 2021. In general, total imports indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +6.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +45.2% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The Netherlands (X tons), Germany (X tons) and China (X tons) were the main suppliers of computing machinery imports to Bulgaria, with a combined 46% share of total imports. These countries were followed by Hungary, Poland, Sweden, Taiwan (Chinese), Romania, Austria, Hong Kong SAR, Greece, the Czech Republic and the UK, which together accounted for a further 43%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Romania (with a CAGR of +29.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest computing machinery suppliers to Bulgaria were the Netherlands ($X), Germany ($X) and Hungary ($X), with a combined 43% share of total imports. China, Taiwan (Chinese), Romania, Austria, Hong Kong SAR, Poland, the Czech Republic, Greece, the UK and Sweden lagged somewhat behind, together accounting for a further 43%.

Romania, with a CAGR of +43.5%, 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 2021, the average computing machinery import price amounted to $X per ton, increasing by 21% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.5%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+13.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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