Bulgaria: Test And Measurement Market 2025

Test And Measurement Market Size in Bulgaria

The Bulgarian test and measurement market rose notably to $X in 2021, surging by 6.7% against the previous year. In general, the total consumption indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +5.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +72.3% against 2014 indices. Test and measurement consumption peaked in 2021 and is expected to retain growth in the near future.

Test And Measurement Production in Bulgaria

In value terms, test and measurement production skyrocketed to $X in 2021 estimated in export price. In general, production saw a significant increase. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Test And Measurement Exports

Exports from Bulgaria

For the seventh year in a row, Bulgaria recorded growth in shipments abroad of instruments and apparatus for measuring or checking pressure of liquids or gasses, which increased by 36% to X units in 2021. Overall, exports enjoyed a significant expansion. The pace of growth was the most pronounced in 2017 with an increase of 76% against the previous year. Over the period under review, the exports reached the maximum in 2021 and are likely to see gradual growth in years to come.

In value terms, test and measurement exports skyrocketed to $X in 2021. In general, exports posted significant growth. The pace of growth was the most pronounced in 2017 when exports increased by 177%. The exports peaked in 2021 and are likely to see gradual growth in the immediate term.

Exports by Country

Germany (X units), the United States (X units) and Italy (X units) were the main destinations of test and measurement exports from Bulgaria, together accounting for 96% of total exports.

From 2012 to 2021, the biggest increases were recorded for the United States (with a CAGR of +230.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for test and measurement exported from Bulgaria were Germany ($X), the United States ($X) and Italy ($X), with a combined 90% share of total exports.

Among the main countries of destination, the United States, with a CAGR of +137.1%, saw 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 test and measurement export price amounted to $X per unit, waning by -2.2% against the previous year. Over the period under review, export price indicated strong growth from 2012 to 2021: its price increased at an average annual rate of +5.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, test and measurement export price decreased by -17.9% against 2017 indices. The pace of growth appeared the most rapid in 2017 an increase of 57%. As a result, the export price attained the peak level of $X per unit. From 2018 to 2021, the average export prices remained at a lower figure.

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 Germany ($X per unit), while the average price for exports to Italy ($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 Germany (+6.5%), while the prices for the other major destinations experienced a decline.

Test And Measurement Imports

Imports into Bulgaria

In 2021, overseas purchases of instruments and apparatus for measuring or checking pressure of liquids or gasses were finally on the rise to reach X units after two years of decline. Over the period under review, imports showed significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, test and measurement imports soared to $X in 2021. In general, imports saw a resilient increase. The most prominent rate of growth was recorded in 2014 when imports increased by 89%. Over the period under review, imports attained the maximum in 2021 and are expected to retain growth in the immediate term.

Imports by Country

Japan (X units), the United States (X units) and Taiwan (Chinese) (X units) were the main suppliers of test and measurement imports to Bulgaria, together accounting for 68% of total imports.

From 2012 to 2021, the biggest increases were recorded for the United States (with a CAGR of +93.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest test and measurement suppliers to Bulgaria were the United States ($X), Germany ($X) and Japan ($X), together comprising 57% of total imports. Romania, Taiwan (Chinese), the UK, Poland, Italy, China, Austria, Mexico and Turkey lagged somewhat behind, together comprising a further 27%.

Among the main suppliers, the UK, with a CAGR of +50.0%, 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 test and measurement import price stood at $X per unit in 2021, which is down by -23.3% against the previous year. Overall, the import price showed a abrupt curtailment. The pace of growth was the most pronounced in 2013 an increase of 42%. Over the period under review, average import prices reached the peak figure at $X per unit in 2014; however, from 2015 to 2021, 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 Romania ($X per unit), while the price for Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+6.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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