Bulgaria: Photo Camera Market 2025

Photo Camera Market Size in Bulgaria

The Bulgarian photo camera market soared to $X in 2022, jumping by 18% against the previous year. In general, consumption continues to indicate slight growth. Photo camera consumption peaked in 2022 and is expected to retain growth in the near future.

Photo Camera Production in Bulgaria

In value terms, photo camera production reached $X in 2022 estimated in export price. In general, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 60%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Photo Camera Exports

Exports from Bulgaria

In 2022, the amount of photographic (other than cinematographic) cameras exported from Bulgaria soared to X units, increasing by 75% compared with the year before. Overall, exports, however, saw a abrupt slump. The pace of growth appeared the most rapid in 2015 when exports increased by 13,061% against the previous year. As a result, the exports reached the peak of X units. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, photo camera exports dropped rapidly to $X in 2022. In general, exports continue to indicate significant growth. The pace of growth appeared the most rapid in 2015 when exports increased by 12,731%. As a result, the exports attained the peak of $X. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Romania (X units) was the main destination for photo camera exports from Bulgaria, accounting for a 78% share of total exports. Moreover, photo camera exports to Romania exceeded the volume sent to the second major destination, Hong Kong SAR (X units), more than tenfold. Switzerland (X units) ranked third in terms of total exports with a 4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Romania totaled +56.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (0.0% per year) and Switzerland (0.0% per year).

In value terms, the largest markets for photo camera exported from Bulgaria were Hong Kong SAR ($X), Romania ($X) and Moldova ($X), together comprising 58% of total exports.

In terms of the main countries of destination, Romania, with a CAGR of +38.8%, recorded the highest growth rate of 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 photo camera export price stood at $X per unit in 2022, falling by -68.1% against the previous year. Overall, the export price, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2019 an increase of 2,042% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per unit in 2021, and then declined markedly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Moldova ($X per unit), while the average price for exports to Italy ($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 Latvia (+42.1%), while the prices for the other major destinations experienced more modest paces of growth.

Photo Camera Imports

Imports into Bulgaria

In 2022, photo camera imports into Bulgaria surged to X units, jumping by 104% on the previous year. Over the period under review, imports saw a tangible expansion. The most prominent rate of growth was recorded in 2015 with an increase of 226% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, photo camera imports soared to $X in 2022. In general, imports showed resilient growth. The most prominent rate of growth was recorded in 2015 with an increase of 394%. As a result, imports reached the peak of $X. From 2016 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Turkey (X units) constituted the largest photo camera supplier to Bulgaria, accounting for a 36% share of total imports. Moreover, photo camera imports from Turkey exceeded the figures recorded by the second-largest supplier, China (X units), twofold. The Netherlands (X units) ranked third in terms of total imports with a 13% share.

From 2012 to 2022, the average annual growth rate of volume from Turkey totaled +225.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+2.6% per year) and the Netherlands (-6.0% per year).

In value terms, Turkey ($X), the Netherlands ($X) and Romania ($X) appeared to be the largest photo camera suppliers to Bulgaria, together comprising 63% of total imports.

Turkey, with a CAGR of +204.4%, 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 photo camera import price stood at $X per unit in 2022, reducing by -32.7% against the previous year. In general, the import price, however, posted buoyant growth. The pace of growth appeared the most rapid in 2013 an increase of 377%. The import price peaked at $X per unit in 2016; however, from 2017 to 2022, 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 the Netherlands ($X per unit), while the price for Croatia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+21.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :