Bulgaria: Electronic Material Tester Market 2024

Electronic Material Tester Market Size in Bulgaria

The Bulgarian electronic material tester market declined to $X in 2021, leveling off at the previous year. In general, consumption saw a deep setback. Electronic material tester consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Electronic Material Tester Production in Bulgaria

In value terms, electronic material tester production soared to $X in 2021 estimated in export price. Overall, production, however, showed a abrupt slump. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Electronic Material Tester Exports

Exports from Bulgaria

In 2021, shipments abroad of electronic machines and appliances for testing materials decreased by -85.9% to X units for the first time since 2018, thus ending a two-year rising trend. In general, exports showed a significant contraction. The pace of growth appeared the most rapid in 2020 when exports increased by 354%. The exports peaked at X units in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, electronic material tester exports shrank rapidly to $X in 2021. Overall, exports continue to indicate a abrupt downturn. The growth pace was the most rapid in 2020 with an increase of 277%. As a result, the exports reached the peak of $X, and then declined significantly in the following year.

Exports by Country

Turkey (X units) was the main destination for electronic material tester exports from Bulgaria, with a 60% share of total exports. Moreover, electronic material tester exports to Turkey exceeded the volume sent to the second major destination, Serbia (X units), twofold. Romania (X units) ranked third in terms of total exports with a 7.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Turkey stood at -2.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Serbia (+41.0% per year) and Romania (+8.1% per year).

In value terms, Serbia ($X), Turkey ($X) and Greece ($X) appeared to be the largest markets for electronic material tester exported from Bulgaria worldwide, together accounting for 93% of total exports.

Among the main countries of destination, Serbia, with a CAGR of +70.4%, 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 material tester export price amounted to $X per unit, jumping by 20% against the previous year. Overall, the export price recorded resilient growth. The pace of growth appeared the most rapid in 2015 when the average export price increased by 360%. The export price peaked at $X per unit in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Serbia ($X per unit), while the average price for exports to Turkey ($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 China (+36.0%), while the prices for the other major destinations experienced more modest paces of growth.

Electronic Material Tester Imports

Imports into Bulgaria

In 2021, purchases abroad of electronic machines and appliances for testing materials decreased by -24.5% to X units for the first time since 2018, thus ending a two-year rising trend. Over the period under review, imports, however, recorded a buoyant increase. The pace of growth was the most pronounced in 2013 when imports increased by 129%. Imports peaked at X units in 2020, and then declined remarkably in the following year.

In value terms, electronic material tester imports declined dramatically to $X in 2021. Overall, imports, however, recorded a buoyant increase. The most prominent rate of growth was recorded in 2014 with an increase of 89%. Imports peaked at $X in 2020, and then declined dramatically in the following year.

Imports by Country

In 2021, Turkey (X units) constituted the largest supplier of electronic material tester to Bulgaria, with a 42% share of total imports. Moreover, electronic material tester imports from Turkey exceeded the figures recorded by the second-largest supplier, Finland (X units), threefold. The third position in this ranking was held by China (X units), with a 13% share.

From 2012 to 2021, the average annual growth rate of volume from Turkey amounted to +24.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Finland (+93.9% per year) and China (+64.6% per year).

In value terms, the largest electronic material tester suppliers to Bulgaria were Switzerland ($X), Germany ($X) and Finland ($X), with a combined 63% share of total imports. Turkey, Italy, the UK and China lagged somewhat behind, together comprising a further 30%.

Among the main suppliers, China, with a CAGR of +55.6%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average electronic material tester import price stood at $X per unit in 2021, remaining constant against the previous year. Over the period under review, the import price showed a deep setback. The most prominent rate of growth was recorded in 2014 an increase of 65% against the previous year. Over the period under review, average import prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Slovenia (+26.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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