Bulgaria: Electronic Chip Market 2025

Electronic Chip Market Size in Bulgaria

The Bulgarian electronic chip market surged to $X in 2021, with an increase of 23% against the previous year. Over the period under review, the total consumption indicated a noticeable expansion from 2012 to 2021: its value increased at an average annual rate of +2.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +59.4% against 2019 indices. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Electronic Chip Production in Bulgaria

In value terms, electronic chip production surged to $X in 2021 estimated in export price. In general, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the production volume increased by 41%. Over the period under review, production reached the maximum level at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Electronic Chip Exports

Exports from Bulgaria

In 2021, shipments abroad of electronic chips decreased by -0.4% to X units, falling for the third year in a row after seven years of growth. In general, exports, however, showed a strong increase. The pace of growth appeared the most rapid in 2018 when exports increased by 37%. As a result, the exports reached the peak of X units. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, electronic chip exports skyrocketed to $X in 2021. Overall, exports, however, saw a prominent expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Italy (X units) was the main destination for electronic chip exports from Bulgaria, accounting for a 39% share of total exports. Moreover, electronic chip exports to Italy exceeded the volume sent to the second major destination, Germany (X units), threefold. Hong Kong SAR (X units) ranked third in terms of total exports with a 6.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Italy amounted to +15.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+3.6% per year) and Hong Kong SAR (+8.0% per year).

In value terms, Germany ($X), Hong Kong SAR ($X) and the United States ($X) constituted the largest markets for electronic chip exported from Bulgaria worldwide, with a combined 42% share of total exports. These countries were followed by China, Japan, Italy, Austria, Romania, Lithuania, France, Belgium, Spain and Greece, which together accounted for a further 28%.

Among the main countries of destination, Lithuania, with a CAGR of +199.2%, recorded the highest growth rate of 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 electronic chip export price amounted to $X per unit, rising by 46% against the previous year. Over the period under review, export price indicated a measured increase from 2012 to 2021: its price increased at an average annual rate of +4.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, electronic chip export price increased by +84.5% against 2019 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Italy (less than $X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+12.3%), while the prices for the other major destinations experienced more modest paces of growth.

Electronic Chip Imports

Imports into Bulgaria

In 2021, after two years of decline, there was significant growth in overseas purchases of electronic chips, when their volume increased by 48% to X units. Overall, imports posted resilient growth. The most prominent rate of growth was recorded in 2018 when imports increased by 65%. Imports peaked in 2021 and are expected to retain growth in the near future.

In value terms, electronic chip imports soared to $X in 2021. Over the period under review, imports showed a strong expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Germany (X units) constituted the largest supplier of electronic chip to Bulgaria, accounting for a 40% share of total imports. Moreover, electronic chip imports from Germany exceeded the figures recorded by the second-largest supplier, Italy (X units), threefold. The third position in this ranking was held by the Philippines (X units), with a 9.6% share.

From 2012 to 2021, the average annual growth rate of volume from Germany amounted to +15.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+36.7% per year) and the Philippines (+16.1% per year).

In value terms, the largest electronic chip suppliers to Bulgaria were Germany ($X), the Philippines ($X) and Malaysia ($X), with a combined 55% share of total imports. These countries were followed by the Netherlands, Taiwan (Chinese), Belgium, France, Italy, China, Austria, Poland and the UK, which together accounted for a further 28%.

China, with a CAGR of +34.1%, saw the highest rates of growth with regard to 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 electronic chip import price stood at $X per unit in 2021, remaining relatively unchanged against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the average import price increased by 36%. As a result, import price reached the peak level of $X per unit. From 2017 to 2021, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Malaysia ($X per unit), while the price for Italy (less than $X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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