Bulgaria: Electrical Signalling Apparatus Market 2025

Electrical Signalling Apparatus Market Size in Bulgaria

In 2022, the Bulgarian electrical signalling apparatus market increased by 0.4% to $X, rising for the eighth year in a row after two years of decline. Over the period under review, consumption posted a prominent increase. Electrical signalling apparatus consumption peaked in 2022 and is likely to see steady growth in years to come.

Electrical Signalling Apparatus Production in Bulgaria

In value terms, electrical signalling apparatus production stood at $X in 2022 estimated in export price. In general, production continues to indicate a resilient increase. The pace of growth appeared the most rapid in 2013 with an increase of 15%. Electrical signalling apparatus production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Electrical Signalling Apparatus Exports

Exports from Bulgaria

In 2022, shipments abroad of electrical apparatus for sound or visual signalling increased by 69% to X units, rising for the second consecutive year after two years of decline. In general, exports enjoyed a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 783%. The exports peaked at X units in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, electrical signalling apparatus exports rose remarkably to $X in 2022. Over the period under review, exports recorded a significant expansion. The pace of growth appeared the most rapid in 2013 with an increase of 1,334%. Over the period under review, the exports reached the peak figure at $X in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

Exports by Country

Italy (X units) was the main destination for electrical signalling apparatus exports from Bulgaria, accounting for a 87% share of total exports. Moreover, electrical signalling apparatus exports to Italy exceeded the volume sent to the second major destination, Turkey (X units), more than tenfold. France (X units) ranked third in terms of total exports with a 0.1% share.

From 2012 to 2022, the average annual growth rate of volume to Italy totaled +81.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (+159.8% per year) and France (-41.5% per year).

In value terms, Italy ($X) remains the key foreign market for electrical apparatus for sound or visual signalling exports from Bulgaria, comprising 83% of total exports. The second position in the ranking was taken by Turkey ($X), with an 11% share of total exports. It was followed by Poland, with a 0.2% share.

From 2012 to 2022, the average annual growth rate of value to Italy amounted to +67.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (+113.4% per year) and Poland (-24.2% per year).

Export Prices by Country

The average electrical signalling apparatus export price stood at $X per unit in 2022, with a decrease of -33.3% against the previous year. Overall, export price indicated a slight increase from 2012 to 2022: its price 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, electrical signalling apparatus export price decreased by -36.4% against 2019 indices. The pace of growth appeared the most rapid in 2013 when the average export price increased by 67%. The export price peaked at $X per unit in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Poland ($X per unit), while the average price for exports to Italy ($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 Poland (+17.9%), while the prices for the other major destinations experienced a decline.

Electrical Signalling Apparatus Imports

Imports into Bulgaria

In 2022, imports of electrical apparatus for sound or visual signalling into Bulgaria stood at X units, picking up by 12% against 2021. Overall, imports showed strong growth. The most prominent rate of growth was recorded in 2021 when imports increased by 177% against the previous year. Imports peaked in 2022 and are likely to continue growth in years to come.

In value terms, electrical signalling apparatus imports soared to $X in 2022. Over the period under review, imports posted resilient growth. The most prominent rate of growth was recorded in 2021 with an increase of 189% against the previous year. Imports peaked in 2022 and are likely to continue growth in years to come.

Imports by Country

In 2022, China (X units) constituted the largest electrical signalling apparatus supplier to Bulgaria, accounting for a 54% share of total imports. Moreover, electrical signalling apparatus imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), fourfold. Belgium (X units) ranked third in terms of total imports with a 9.3% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +23.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+28.6% per year) and Belgium (+52.9% per year).

In value terms, the largest electrical signalling apparatus suppliers to Bulgaria were Germany ($X), China ($X) and Belgium ($X), together accounting for 70% of total imports. Austria, South Korea, Hungary, Turkey, Poland, Greece and the United Arab Emirates lagged somewhat behind, together accounting for a further 20%.

South Korea, with a CAGR of +119.7%, saw 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

The average electrical signalling apparatus import price stood at $X per unit in 2022, jumping by 28% against the previous year. In general, import price indicated a modest expansion from 2012 to 2022: its price increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, electrical signalling apparatus import price increased by +110.3% against 2019 indices. The pace of growth was the most pronounced in 2020 an increase of 57% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the near future.

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 South Korea ($X per unit), while the price for Greece ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+11.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :