Bulgaria: Non-Enclosed Loudspeakers Market 2024

Non-Enclosed Loudspeakers Market Size in Bulgaria

The Bulgarian non-enclosed loudspeakers market expanded to $X in 2021, surging by 3.4% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption showed resilient growth. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Non-Enclosed Loudspeakers Exports

Exports from Bulgaria

In 2021, shipments abroad of loudspeakers (not in enclosure) was finally on the rise to reach X units for the first time since 2018, thus ending a two-year declining trend. In general, exports showed a resilient expansion. The pace of growth appeared the most rapid in 2016 with an increase of 152%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in years to come.

In value terms, non-enclosed loudspeakers exports soared to $X in 2021. Overall, exports, however, showed a perceptible setback. The pace of growth appeared the most rapid in 2016 with an increase of 260%. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Romania (X units), Greece (X units) and Ukraine (X units) were the main destinations of non-enclosed loudspeakers exports from Bulgaria, with a combined 56% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Ukraine (with a CAGR of +2,286.8%), while the other leaders experienced more modest paces of growth.

In value terms, the UK ($X), Greece ($X) and Romania ($X) were the largest markets for non-enclosed loudspeakers exported from Bulgaria worldwide, with a combined 52% share of total exports. These countries were followed by China, Ukraine, the United Arab Emirates, Germany and Kosovo, which together accounted for a further 17%.

Among the main countries of destination, Ukraine, with a CAGR of +231.4%, recorded the highest rates of growth with regard to 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

The average non-enclosed loudspeakers export price stood at $X per unit in 2021, with a decrease of -40.2% against the previous year. In general, the export price recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2016 when the average export price increased by 43%. As a result, the export price attained the peak level of $X per unit. From 2017 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was the UK ($X per unit), while the average price for exports to Kosovo ($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 Hong Kong SAR (-0.4%), while the prices for the other major destinations experienced a decline.

Non-Enclosed Loudspeakers Imports

Imports into Bulgaria

In 2021, overseas purchases of loudspeakers (not in enclosure) were finally on the rise to reach X units after two years of decline. In general, imports showed a resilient expansion. The pace of growth appeared the most rapid in 2017 with an increase of 83%. Over the period under review, imports attained the peak figure at X units in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, non-enclosed loudspeakers imports declined to $X in 2021. Overall, total imports indicated slight growth from 2012 to 2021: its value increased at an average annual rate of +1.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -30.4% against 2019 indices. The pace of growth appeared the most rapid in 2017 when imports increased by 71% against the previous year. Over the period under review, imports attained the maximum at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X units) constituted the largest supplier of non-enclosed loudspeakers to Bulgaria, with a 52% share of total imports. Moreover, non-enclosed loudspeakers imports from China exceeded the figures recorded by the second-largest supplier, Italy (X units), twofold. The third position in this ranking was taken by Germany (X units), with a 9.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +22.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+11.7% per year) and Germany (+9.0% per year).

In value terms, China ($X) constituted the largest supplier of loudspeakers (not in enclosure) to Bulgaria, comprising 32% of total imports. The second position in the ranking was taken by the Czech Republic ($X), with a 16% share of total imports. It was followed by Italy, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +21.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (+52.7% per year) and Italy (+5.2% per year).

Import Prices by Country

In 2021, the average non-enclosed loudspeakers import price amounted to $X per unit, waning by -10.7% against the previous year. In general, the import price showed a deep setback. The most prominent rate of growth was recorded in 2020 an increase of 20% against the previous year. Over the period under review, average import prices attained the maximum at $X per unit in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+14.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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