Bulgaria: Personal Spectacle Optics Market 2024

Personal Spectacle Optics Market Size in Bulgaria

In 2022, after four years of decline, there was significant growth in the Bulgarian personal spectacle optics market, when its value increased by X% to $X. In general, consumption recorded a mild curtailment. Personal spectacle optics consumption peaked at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Personal Spectacle Optics Exports

Exports from Bulgaria

In 2022, overseas shipments of personal spectacle optics increased by X% to X units for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, showed a pronounced downturn. The most prominent rate of growth was recorded in 2014 when exports increased by X%. Over the period under review, the exports hit record highs at X units in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, personal spectacle optics exports dropped modestly to $X in 2022. Over the period under review, exports continue to indicate a tangible increase. The pace of growth appeared the most rapid in 2016 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2017 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Italy (X units), Greece (X units) and Romania (X units) were the main destinations of personal spectacle optics exports from Bulgaria, with a combined X% share 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 Greece (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for personal spectacle optics exported from Bulgaria were Italy ($X), Greece ($X) and Romania ($X), together comprising X% of total exports. Georgia, the Netherlands, Poland, Turkey, the Czech Republic, North Macedonia, Serbia, Germany, Lithuania and India lagged somewhat behind, together comprising a further X%.

Georgia, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average personal spectacle optics export price stood at $X per unit in 2022, shrinking by X% against the previous year. In general, the export price, however, enjoyed a strong increase. The growth pace was the most rapid in 2020 when the average export price increased by X%. The export price peaked at $X per unit in 2021, and then fell dramatically in the following year.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Turkey ($X per unit), while the average price for exports to the Czech Republic ($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 Turkey (X%), while the prices for the other major destinations experienced more modest paces of growth.

Personal Spectacle Optics Imports

Imports into Bulgaria

In 2022, purchases abroad of personal spectacle optics was finally on the rise to reach X units after four years of decline. In general, imports, however, continue to indicate a perceptible downturn. The pace of growth appeared the most rapid in 2014 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X units in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, personal spectacle optics imports soared to $X in 2022. Overall, total imports indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The growth pace was the most rapid in 2013 when imports increased by X%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, China (X units) constituted the largest personal spectacle optics supplier to Bulgaria, with a X% share of total imports. Moreover, personal spectacle optics imports from China exceeded the figures recorded by the second-largest supplier, Greece (X units), fourfold. The third position in this ranking was held by Romania (X units), with a X% share.

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

In value terms, Italy ($X) constituted the largest supplier of personal spectacle optics to Bulgaria, comprising X% of total imports. The second position in the ranking was taken by Germany ($X), with an X% share of total imports. It was followed by China, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Italy stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and China (X% per year).

Import Prices by Country

In 2022, the average personal spectacle optics import price amounted to $X per unit, increasing by X% against the previous year. Overall, the import price posted a resilient increase. The most prominent rate of growth was recorded in 2021 an increase of X%. The import price peaked in 2022 and is likely to continue growth in years to come.

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 Italy ($X per unit), while the price for Greece ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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