Bulgaria: Microphone Market 2025

Microphone Market Size in Bulgaria

In 2022, the Bulgarian microphone market increased by 79% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption saw a prominent expansion. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Microphone Exports

Exports from Bulgaria

In 2022, overseas shipments of microphones and their stands decreased by -38.8% to X units for the first time since 2015, thus ending a six-year rising trend. In general, exports, however, enjoyed a prominent increase. The most prominent rate of growth was recorded in 2018 with an increase of 242%. The exports peaked at X units in 2021, and then reduced markedly in the following year.

In value terms, microphone exports fell sharply to $X in 2022. Over the period under review, exports, however, enjoyed significant growth. The pace of growth was the most pronounced in 2018 with an increase of 314%. The exports peaked at $X in 2021, and then shrank rapidly in the following year.

Exports by Country

Germany (X units) was the main destination for microphone exports from Bulgaria, accounting for a 50% share of total exports. Moreover, microphone exports to Germany exceeded the volume sent to the second major destination, the United States (X units), fourfold. The Netherlands (X units) ranked third in terms of total exports with a 3.1% share.

From 2012 to 2022, the average annual growth rate of volume to Germany stood at +53.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+64.8% per year) and the Netherlands (-6.5% per year).

In value terms, Germany ($X) remains the key foreign market for microphones and their stands exports from Bulgaria, comprising 48% of total exports. The second position in the ranking was held by the United States ($X), with a 9.3% share of total exports. It was followed by the Netherlands, with a 3.6% share.

From 2012 to 2022, the average annual growth rate of value to Germany totaled +49.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+71.0% per year) and the Netherlands (+7.9% per year).

Export Prices by Country

The average microphone export price stood at $X per unit in 2022, rising by 23% against the previous year. Overall, the export price continues to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2013 an increase of 191%. 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 Poland ($X per unit), while the average price for exports to Georgia ($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 South Korea (+29.5%), while the prices for the other major destinations experienced more modest paces of growth.

Microphone Imports

Imports into Bulgaria

In 2022, purchases abroad of microphones and their stands increased by 47% to X units, rising for the second consecutive year after two years of decline. Over the period under review, imports showed a buoyant expansion. The most prominent rate of growth was recorded in 2018 when imports increased by 86%. Imports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, microphone imports soared to $X in 2022. In general, imports continue to indicate strong growth. The growth pace was the most rapid in 2021 when imports increased by 66%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, Greece (X units) constituted the largest microphone supplier to Bulgaria, with a 43% share of total imports. Moreover, microphone imports from Greece exceeded the figures recorded by the second-largest supplier, China (X units), twofold. Germany (X units) ranked third in terms of total imports with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Greece stood at +47.8%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+7.8% per year) and Germany (+19.7% per year).

In value terms, Germany ($X), the Netherlands ($X) and Greece ($X) appeared to be the largest microphone suppliers to Bulgaria, with a combined 53% share of total imports. Romania, China, Hong Kong SAR and Poland lagged somewhat behind, together accounting for a further 17%.

Romania, with a CAGR of +58.7%, recorded 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 microphone import price stood at $X per unit in 2022, shrinking by -16.4% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 an increase of 37% against the previous year. As a result, import price attained the peak level of $X per unit. From 2021 to 2022, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Romania ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+4.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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