Bulgaria: Loudspeaker Market 2025

Loudspeaker Market Size in Bulgaria

The Bulgarian loudspeaker market surged to $X in 2022, jumping by 18% against the previous year. In general, consumption posted a strong increase. Loudspeaker consumption peaked in 2022 and is likely to see steady growth in the near future.

Loudspeaker Production in Bulgaria

In value terms, loudspeaker production reduced to $X in 2022 estimated in export price. In general, the total production indicated a slight increase from 2012 to 2022: its value increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +5.3% against 2020 indices. The growth pace was the most rapid in 2016 when the production volume increased by 52% against the previous year. Loudspeaker production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Loudspeaker Exports

Exports from Bulgaria

In 2022, the amount of loudspeakers exported from Bulgaria skyrocketed to X units, surging by 21% on 2021 figures. Over the period under review, exports enjoyed a strong increase. The pace of growth was the most pronounced in 2018 when exports increased by 65%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, loudspeaker exports surged to $X in 2022. Overall, exports recorded a prominent expansion. The most prominent rate of growth was recorded in 2017 when exports increased by 51% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

Greece (X units), Germany (X units) and Croatia (X units) were the main destinations of loudspeaker exports from Bulgaria, together comprising 70% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Croatia (with a CAGR of +136.6%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the key foreign market for loudspeakers exports from Bulgaria, comprising 67% of total exports. The second position in the ranking was taken by Greece ($X), with a 9.2% share of total exports. It was followed by Romania, with a 3.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany stood at +14.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Greece (+46.6% per year) and Romania (+21.5% per year).

Export Prices by Country

The average loudspeaker export price stood at $X per unit in 2022, with an increase of 16% against the previous year. Over the period under review, export price indicated a buoyant increase from 2012 to 2022: its price increased at an average annual rate of +7.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, loudspeaker export price increased by +45.2% against 2020 indices. The pace of growth was the most pronounced in 2016 when the average export price increased by 32%. The export price peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to Serbia ($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 Germany (+18.0%), while the prices for the other major destinations experienced more modest paces of growth.

Loudspeaker Imports

Imports into Bulgaria

After three years of decline, overseas purchases of loudspeakers increased by 4% to X units in 2022. Over the period under review, imports posted a prominent increase. The pace of growth appeared the most rapid in 2017 when imports increased by 100%. Imports peaked at X units in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, loudspeaker imports soared to $X in 2022. Overall, imports enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2017 when imports increased by 32%. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, China (X units) constituted the largest supplier of loudspeaker to Bulgaria, with a 51% share of total imports. Moreover, loudspeaker imports from China exceeded the figures recorded by the second-largest supplier, Hong Kong SAR (X units), fivefold. Germany (X units) ranked third in terms of total imports with a 6.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +15.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Hong Kong SAR (+8.2% per year) and Germany (+4.9% per year).

In value terms, the largest loudspeaker suppliers to Bulgaria were China ($X), the Netherlands ($X) and Slovakia ($X), together comprising 38% of total imports. The Czech Republic, Germany, Hungary, Greece, Italy, Poland, Hong Kong SAR, France, the United States and Taiwan (Chinese) lagged somewhat behind, together accounting for a further 46%.

Greece, with a CAGR of +43.2%, 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 loudspeaker import price stood at $X per unit in 2022, with an increase of 20% against the previous year. In general, import price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, loudspeaker import price increased by +131.3% against 2018 indices. The pace of growth was the most pronounced in 2021 when the average import price increased by 51% against the previous year. The import price peaked in 2022 and is likely to see steady growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+16.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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