Bulgaria: Radar Apparatus Market 2022

Radar Apparatus Market Size in Bulgaria

The Bulgarian radar apparatus market contracted to $X in 2021, falling by -8.7% against the previous year. Overall, consumption saw a pronounced curtailment. As a result, consumption reached the peak level of $X. From 2020 to 2021, the growth of the market failed to regain momentum.

Radar Apparatus Production in Bulgaria

In value terms, radar apparatus production shrank slightly to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a noticeable decrease. The pace of growth was the most pronounced in 2014 when the production volume increased by 18%. As a result, production reached the peak level of $X. From 2015 to 2021, production growth failed to regain momentum.

Radar Apparatus Exports

Exports from Bulgaria

Radar apparatus exports from Bulgaria fell to X tons in 2021, which is down by -14.7% against 2020 figures. In general, exports, however, enjoyed strong growth. The most prominent rate of growth was recorded in 2013 with an increase of 348%. Over the period under review, the exports hit record highs at X tons in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

In value terms, radar apparatus exports rose significantly to $X in 2021. Overall, exports, however, continue to indicate resilient growth. The most prominent rate of growth was recorded in 2013 with an increase of 323%. Over the period under review, the exports reached the maximum at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

The Netherlands (X tons) was the main destination for radar apparatus exports from Bulgaria, with a 76% share of total exports. Moreover, radar apparatus exports to the Netherlands exceeded the volume sent to the second major destination, the UK (X tons), sevenfold. The third position in this ranking was taken by Romania (X tons), with a 6.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the Netherlands amounted to +16.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (-0.1% per year) and Romania (+67.5% per year).

In value terms, the Netherlands ($X) remains the key foreign market for radar apparatus exports from Bulgaria, comprising 65% of total exports. The second position in the ranking was taken by Romania ($X), with an 18% share of total exports. It was followed by the UK, with an 8.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the Netherlands totaled +22.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (+92.0% per year) and the UK (+7.8% per year).

Export Prices by Country

The average radar apparatus export price stood at $X per ton in 2021, jumping by 25% against the previous year. Over the period under review, export price indicated a buoyant increase from 2012 to 2021: its price increased at an average annual rate of +6.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, radar apparatus export price increased by +37.1% against 2018 indices. The most prominent rate of growth was recorded in 2016 an increase of 46%. The export price peaked in 2021 and is likely to continue growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was Romania ($X per ton), while the average price for exports to the UK ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Romania (+14.4%), while the prices for the other major destinations experienced more modest paces of growth.

Radar Apparatus Imports

Imports into Bulgaria

In 2021, purchases abroad of radar apparatus decreased by -63.3% to X tons, falling for the second year in a row after three years of growth. Over the period under review, imports, however, posted notable growth. The most prominent rate of growth was recorded in 2019 when imports increased by 323%. As a result, imports attained the peak of X tons. From 2020 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, radar apparatus imports surged to $X in 2021. Overall, imports saw a deep setback. The most prominent rate of growth was recorded in 2017 with an increase of 468%. Imports peaked at $X in 2015; however, from 2016 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, France (X tons) constituted the largest radar apparatus supplier to Bulgaria, with a 59% share of total imports. Moreover, radar apparatus imports from France exceeded the figures recorded by the second-largest supplier, the Czech Republic (X tons), fourfold. The third position in this ranking was held by Belgium (X kg), with a 6.1% share.

From 2012 to 2021, the average annual growth rate of volume from France stood at +69.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (+25.5% per year) and Belgium (+30.4% per year).

In value terms, France ($X) constituted the largest supplier of radar apparatus to Bulgaria, comprising 64% of total imports. The second position in the ranking was taken by Hungary ($X), with a 9.4% share of total imports. It was followed by Belgium, with a 4.7% share.

From 2012 to 2021, the average annual growth rate of value from France stood at +46.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Hungary (+61.9% per year) and Belgium (+15.4% per year).

Import Prices by Country

The average radar apparatus import price stood at $X per ton in 2021, rising by 309% against the previous year. Overall, the import price, however, saw a deep setback. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Hungary ($X per ton), while the price for the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+3.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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