Bulgaria: Objective Lens Market 2025

Objective Lens Market Size in Bulgaria

In 2021, the Bulgarian objective lens market increased by 16% to $X, rising for the second year in a row after two years of decline. In general, consumption, however, showed a perceptible slump. Objective lens consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Objective Lens Production in Bulgaria

In value terms, objective lens production shrank slightly to $X in 2021 estimated in export price. Over the period under review, production showed a abrupt contraction. The most prominent rate of growth was recorded in 2017 when the production volume increased by 14%. Objective lens production peaked at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

Objective Lens Exports

Exports from Bulgaria

In 2021, approx. X units of objective lenses for cameras, projectors or photographic enlargers or reducers were exported from Bulgaria; declining by -24.3% on the year before. Over the period under review, exports showed a abrupt decrease. The most prominent rate of growth was recorded in 2020 when exports increased by 496% against the previous year. Over the period under review, the exports reached the peak figure at X units in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, objective lens exports reduced dramatically to $X in 2021. Overall, exports showed a deep slump. The growth pace was the most rapid in 2020 when exports increased by 101% against the previous year. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

The Netherlands (X units), Finland (X units) and Lithuania (X units) were the main destinations of objective lens exports from Bulgaria, with a combined 58% share of total exports. Malta, Greece, Turkey, Romania, the UK, Germany and Italy lagged somewhat behind, together comprising a further 32%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Malta (with a CAGR of +267.4%), while the other leaders experienced more modest paces of growth.

In value terms, Finland ($X), the Netherlands ($X) and Lithuania ($X) appeared to be the largest markets for objective lens exported from Bulgaria worldwide, together comprising 71% of total exports. These countries were followed by Romania, Turkey, Malta, Germany, the UK, Greece and Italy, which together accounted for a further 23%.

In terms of the main countries of destination, Malta, with a CAGR of +80.9%, 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 objective lens export price stood at $X per unit in 2021, growing by 11% against the previous year. Over the period under review, the export price, however, saw a noticeable decline. The pace of growth appeared the most rapid in 2016 an increase of 84% against the previous year. The export price peaked at $X per unit in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Finland ($X per unit), while the average price for exports to Italy ($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 Hong Kong SAR (+7.3%), while the prices for the other major destinations experienced mixed trend patterns.

Objective Lens Imports

Imports into Bulgaria

For the third year in a row, Bulgaria recorded growth in supplies from abroad of objective lenses for cameras, projectors or photographic enlargers or reducers, which increased by 75% to X units in 2021. Over the period under review, imports recorded buoyant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, objective lens imports soared to $X in 2021. Overall, imports, however, continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2013 when imports increased by 44%. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

Austria (X units), Germany (X units) and Slovakia (X units) were the main suppliers of objective lens imports to Bulgaria, together accounting for 57% of total imports. Japan, the Netherlands, China, Greece, Romania, the United States, Sweden, the UK and France lagged somewhat behind, together comprising a further 38%.

From 2012 to 2021, the biggest increases were recorded for Japan (with a CAGR of +135.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest objective lens suppliers to Bulgaria were Austria ($X), Slovakia ($X) and Germany ($X), with a combined 47% share of total imports. These countries were followed by the Netherlands, Japan, France, Sweden, the UK, Greece, China, Romania and the United States, which together accounted for a further 40%.

Japan, with a CAGR of +124.4%, saw 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 objective lens import price stood at $X per unit in 2021, dropping by -27.2% against the previous year. In general, the import price faced a abrupt descent. The pace of growth was the most pronounced in 2015 an increase of 38% against the previous year. Over the period under review, average import prices attained the maximum at $X per unit in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was France ($X per unit), while the price for China ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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