Bulgaria: Radar Apparatus Market 2025

Radar Apparatus Market Size in Bulgaria

The Bulgarian radar apparatus market contracted dramatically to $X in 2022, reducing by -18.4% against the previous year. Over the period under review, consumption saw a deep slump. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Radar Apparatus Production in Bulgaria

In value terms, radar apparatus production surged to $X in 2022 estimated in export price. In general, production, however, showed slight growth. The pace of growth appeared the most rapid in 2014 when the production volume increased by 575% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2022, production growth failed to regain momentum.

Radar Apparatus Exports

Exports from Bulgaria

In 2022, shipments abroad of radar apparatus, radio navigational aid apparatus and radio remote control apparatus was finally on the rise to reach X units for the first time since 2018, thus ending a three-year declining trend. Over the period under review, exports enjoyed a strong expansion. The most prominent rate of growth was recorded in 2013 with an increase of 183%. Over the period under review, the exports attained the peak figure at X units in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, radar apparatus exports dropped to $X in 2022. Overall, total exports indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +7.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +9.4% against 2020 indices. The most prominent rate of growth was recorded in 2013 when exports increased by 134%. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

The Netherlands (X units) was the main destination for radar apparatus exports from Bulgaria, accounting for a 75% share of total exports. Moreover, radar apparatus exports to the Netherlands exceeded the volume sent to the second major destination, Germany (X units), ninefold. The third position in this ranking was taken by Romania (X units), with an 8.2% share.

From 2012 to 2022, the average annual growth rate of volume to the Netherlands amounted to +24.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-12.1% per year) and Romania (+3.2% per year).

In value terms, the largest markets for radar apparatus exported from Bulgaria were the Netherlands ($X), Romania ($X) and Germany ($X), together comprising 88% of total exports.

The Netherlands, with a CAGR of +24.2%, recorded the highest growth rate of the value of exports, among 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 radar apparatus export price stood at $X per unit in 2022, with a decrease of -25.9% against the previous year. Overall, export price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 when the average export price increased by 36% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2021, and then shrank remarkably in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Egypt ($X per unit), while the average price for exports to the Netherlands ($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 Germany (+14.9%), while the prices for the other major destinations experienced more modest paces of growth.

Radar Apparatus Imports

Imports into Bulgaria

Radar apparatus imports into Bulgaria fell to X units in 2022, which is down by -7.7% on 2021 figures. In general, imports, however, saw a pronounced increase. The most prominent rate of growth was recorded in 2017 with an increase of 59%. Imports peaked at X units in 2021, and then reduced in the following year.

In value terms, radar apparatus imports reduced notably to $X in 2022. Overall, imports saw a mild setback. The growth pace was the most rapid in 2017 with an increase of 82% against the previous year. Imports peaked at $X in 2015; however, from 2016 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Ireland (X units) constituted the largest supplier of radar apparatus to Bulgaria, with a 31% share of total imports. Moreover, radar apparatus imports from Ireland exceeded the figures recorded by the second-largest supplier, China (X units), twofold. The Czech Republic (X units) ranked third in terms of total imports with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Ireland totaled +204.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+24.1% per year) and the Czech Republic (+29.8% per year).

In value terms, the Czech Republic ($X), the Netherlands ($X) and Germany ($X) constituted the largest radar apparatus suppliers to Bulgaria, together comprising 46% of total imports. China, Poland, Ireland, Romania, Italy, Austria, Hong Kong SAR, Belgium and France lagged somewhat behind, together accounting for a further 42%.

Ireland, with a CAGR of +139.7%, recorded the highest growth rate of 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 radar apparatus import price stood at $X per unit in 2022, shrinking by -13.5% against the previous year. Over the period under review, the import price saw a abrupt contraction. The growth pace was the most rapid in 2015 when the average import price increased by 16% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 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 Poland ($X per unit), while the price for Ireland ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+3.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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