Bulgaria: Market for Non-Electronic Hydro-, Hygro-, Psychrometers 2025

Market Size for Non-Electronic Hydro-, Hygro-, Psychrometers in Bulgaria

The Bulgarian non-electronic hydro- and hygrometers market surged to $X in 2021, jumping by 600% against the previous year. In general, consumption enjoyed a buoyant expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Non-Electronic Hydro-, Hygro-, Psychrometers in Bulgaria

In value terms, non-electronic hydro- and hygrometers production soared to $X in 2021 estimated in export price. Over the period under review, production enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2019 when the production volume increased by 105%. As a result, production attained the peak level of $X. From 2020 to 2021, production growth remained at a lower figure.

Exports of Non-Electronic Hydro-, Hygro-, Psychrometers

Exports from Bulgaria

In 2021, shipments abroad of non-electronic hydro-, hygro-, psychrometers decreased by -69.1% to X units, falling for the second consecutive year after two years of growth. Over the period under review, exports, however, enjoyed a significant increase. The pace of growth was the most pronounced in 2015 with an increase of 1,610%. Over the period under review, the exports attained the peak figure at X units in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, non-electronic hydro- and hygrometers exports reduced notably to $X in 2021. Overall, exports, however, recorded a significant increase. The growth pace was the most rapid in 2015 when exports increased by 1,446% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The Netherlands (X units), the United States (X units) and Greece (X units) were the main destinations of non-electronic hydro- and hygrometers exports from Bulgaria, together comprising 72% of total exports. These countries were followed by Italy, Germany, Romania and Spain, which together accounted for a further 19%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Spain (with a CAGR of +121.9%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for non-electronic hydro- and hygrometers exported from Bulgaria were the Netherlands ($X), the United States ($X) and Germany ($X), with a combined 86% share of total exports.

In terms of the main countries of destination, Germany, with a CAGR of +103.9%, saw 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

In 2021, the average non-electronic hydro- and hygrometers export price amounted to $X per unit, jumping by 126% against the previous year. In general, the export price, however, faced a precipitous contraction. The export price peaked at $X per unit in 2012; however, from 2013 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 the Netherlands ($X per unit), while the average price for exports to Spain ($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 the Netherlands (+15.5%), while the prices for the other major destinations experienced a decline.

Imports of Non-Electronic Hydro-, Hygro-, Psychrometers

Imports into Bulgaria

After two years of growth, overseas purchases of non-electronic hydro-, hygro-, psychrometers decreased by -57% to X units in 2021. Over the period under review, imports, however, posted resilient growth. The most prominent rate of growth was recorded in 2020 with an increase of 352% against the previous year. As a result, imports reached the peak of X units, and then dropped remarkably in the following year.

In value terms, non-electronic hydro- and hygrometers imports declined remarkably to $X in 2021. Overall, imports, however, enjoyed a remarkable increase. The pace of growth appeared the most rapid in 2020 when imports increased by 338%. As a result, imports attained the peak of $X, and then declined significantly in the following year.

Imports by Country

In 2021, China (X units) constituted the largest supplier of non-electronic hydro- and hygrometers to Bulgaria, with a 47% share of total imports. Moreover, non-electronic hydro- and hygrometers imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), twofold. Hong Kong SAR (X units) ranked third in terms of total imports with a 5.5% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +40.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+11.5% per year) and Hong Kong SAR (+11.7% per year).

In value terms, the largest non-electronic hydro- and hygrometers suppliers to Bulgaria were Germany ($X), China ($X) and the United States ($X), together accounting for 48% of total imports. Greece, Hong Kong SAR, the Netherlands, Denmark, the Czech Republic and India lagged somewhat behind, together comprising a further 30%.

Among the main suppliers, Greece, with a CAGR of +93.6%, recorded 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

In 2021, the average non-electronic hydro- and hygrometers import price amounted to $X per unit, declining by -7.6% against the previous year. Overall, the import price saw a pronounced curtailment. The growth pace was the most rapid in 2015 when the average import price increased by 23%. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, import prices stood at a somewhat 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 Greece ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+10.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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