Bulgaria: Radar Apparatus Market 2024

Radar Apparatus Market Size in Bulgaria

For the seventh year in a row, the Bulgarian radar apparatus market recorded growth in sales value, which increased by X% to $X in 2022. Overall, the total consumption indicated a perceptible expansion 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, consumption increased by X% against 2013 indices. Radar apparatus consumption peaked in 2022 and is likely to see steady growth in years to come.

Radar Apparatus Production in Bulgaria

In value terms, radar apparatus production rose rapidly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Radar Apparatus Exports

Exports from Bulgaria

After four years of growth, overseas shipments of radar apparatus, radio navigational aid apparatus and radio remote control apparatus decreased by X% to X units in 2022. In general, exports, however, enjoyed prominent growth. The pace of growth was the most pronounced in 2018 with an increase of X%. Over the period under review, the exports hit record highs at X units in 2021, and then shrank significantly in the following year.

In value terms, radar apparatus exports shrank to $X in 2022. Over the period under review, total exports indicated a prominent 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, exports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

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

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (X% per year) and Romania (X% per year).

In value terms, the largest markets for radar apparatus exported from Bulgaria were the Netherlands ($X), Romania ($X) and Germany ($X), with a combined X% share of total exports. Greece and Turkey lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, Greece, with a CAGR of X%, 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 radar apparatus export price stood at $X per unit in 2022, rising by X% against the previous year. In general, the export price, however, showed a perceptible decrease. The most prominent rate of growth was recorded in 2017 when the average export price increased by X%. As a result, the export price reached the peak level of $X per unit. From 2018 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per unit), while the average price for exports to Germany ($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 a decline.

Radar Apparatus Imports

Imports into Bulgaria

For the fifth year in a row, Bulgaria recorded growth in overseas purchases of radar apparatus, radio navigational aid apparatus and radio remote control apparatus, which increased by X% to X units in 2022. Overall, imports posted buoyant growth. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the near future.

In value terms, radar apparatus imports reduced sharply to $X in 2022. Over the period under review, imports, however, recorded a slight contraction. The pace of growth appeared the most rapid in 2017 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Ireland (X units) constituted the largest radar apparatus supplier to Bulgaria, with a X% share of total imports. Moreover, radar apparatus imports from Ireland exceeded the figures recorded by the second-largest supplier, the Czech Republic (X units), threefold. The third position in this ranking was taken by China (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Ireland stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (X% per year) and China (X% 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 X% of total imports. China, Poland, Ireland, Italy, the UK and France lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Ireland, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average radar apparatus import price amounted to $X per unit, which is down by X% against the previous year. Overall, the import price showed a abrupt slump. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. Over the period under review, average import prices reached the peak figure at $X per unit in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per unit), while the price for Ireland ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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