Bulgaria: Market for Electronic Instruments And Machines For Measuring Geometrical Quantities 2025

Market Size for Electronic Instruments And Machines For Measuring Geometrical Quantities in Bulgaria

In 2022, the Bulgarian geometrical quantities electronic measurer market increased by 36% to $X, rising for the second consecutive year after two years of decline. Overall, consumption posted prominent growth. Geometrical quantities electronic measurer consumption peaked in 2022 and is likely to see gradual growth in the immediate term.

Exports of Electronic Instruments And Machines For Measuring Geometrical Quantities

Exports from Bulgaria

In 2022, after five years of growth, there was significant decline in shipments abroad of electronic instruments and machines for measuring geometrical quantities, when their volume decreased by -33.6% to X units. In general, exports, however, continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2017 with an increase of 177% against the previous year. The exports peaked at X units in 2021, and then contracted remarkably in the following year.

In value terms, geometrical quantities electronic measurer exports shrank sharply to $X in 2022. Over the period under review, exports, however, enjoyed buoyant growth. The pace of growth was the most pronounced in 2017 when exports increased by 100% against the previous year. The exports peaked at $X in 2021, and then declined markedly in the following year.

Exports by Country

Germany (X units), Turkey (X units) and Poland (X units) were the main destinations of geometrical quantities electronic measurer exports from Bulgaria, together comprising 62% of total exports. Romania, Serbia, Hungary, the United Arab Emirates, the United States and Denmark lagged somewhat behind, together accounting for a further 19%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Denmark (with a CAGR of +121.2%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the key foreign market for electronic instruments and machines for measuring geometrical quantities exports from Bulgaria, comprising 42% of total exports. The second position in the ranking was taken by Turkey ($X), with an 8.4% share of total exports. It was followed by Poland, with a 4.1% share.

From 2012 to 2022, the average annual growth rate of value to Germany amounted to +8.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (+23.5% per year) and Poland (+62.9% per year).

Export Prices by Country

The average geometrical quantities electronic measurer export price stood at $X per unit in 2022, surging by 24% against the previous year. Over the period under review, the export price, however, showed a deep contraction. The export price peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Turkey ($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 (+0.6%), while the prices for the other major destinations experienced a decline.

Imports of Electronic Instruments And Machines For Measuring Geometrical Quantities

Imports into Bulgaria

In 2022, purchases abroad of electronic instruments and machines for measuring geometrical quantities increased by 6.1% to X units, rising for the second year in a row after two years of decline. In general, imports continue to indicate buoyant growth. The growth pace was the most rapid in 2021 with an increase of 48%. Over the period under review, imports reached the peak figure in 2022 and are likely to see gradual growth in the near future.

In value terms, geometrical quantities electronic measurer imports expanded modestly to $X in 2022. Overall, imports enjoyed a strong increase. The most prominent rate of growth was recorded in 2021 with an increase of 63% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Austria (X units), Germany (X units) and Turkey (X units) were the main suppliers of geometrical quantities electronic measurer imports to Bulgaria, with a combined 46% share of total imports. China, Greece, Italy and Ukraine lagged somewhat behind, together comprising a further 34%.

From 2012 to 2022, the biggest increases were recorded for Greece (with a CAGR of +44.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of electronic instruments and machines for measuring geometrical quantities to Bulgaria, comprising 26% of total imports. The second position in the ranking was held by Greece ($X), with a 9.5% share of total imports. It was followed by Turkey, with a 7.5% share.

From 2012 to 2022, the average annual growth rate of value from Germany totaled +9.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Greece (+55.1% per year) and Turkey (+11.2% per year).

Import Prices by Country

In 2022, the average geometrical quantities electronic measurer import price amounted to $X per unit, falling by -2.1% against the previous year. In general, the import price continues to indicate a slight decline. The most prominent rate of growth was recorded in 2021 when the average import price increased by 10%. The import price peaked at $X per unit in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

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 Germany ($X per unit), while the price for Ukraine ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Greece (+7.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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