Bulgaria: Radio Receiver Market 2025

Radio Receiver Market Size in Bulgaria

In 2022, after two years of growth, there was significant decline in the Bulgarian radio receiver market, when its value decreased by -25.7% to $X. Over the period under review, the total consumption indicated mild growth from 2012 to 2022: its value increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -6.4% against 2018 indices. Radio receiver consumption peaked at $X in 2021, and then fell rapidly in the following year.

Radio Receiver Exports

Exports from Bulgaria

In 2022, after two years of decline, there was significant growth in overseas shipments of radio receivers, when their volume increased by 61% to X units. In general, exports continue to indicate a notable increase. The most prominent rate of growth was recorded in 2017 with an increase of 225% against the previous year. As a result, the exports reached the peak of X units. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, radio receiver exports shrank slightly to $X in 2022. Over the period under review, exports, however, continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2014 when exports increased by 157%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Romania (X units) was the main destination for radio receiver exports from Bulgaria, accounting for a 52% share of total exports. Moreover, radio receiver exports to Romania exceeded the volume sent to the second major destination, Italy (X units), twofold. Latvia (X units) ranked third in terms of total exports with a 2.7% share.

From 2012 to 2022, the average annual growth rate of volume to Romania stood at +52.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+38.3% per year) and Latvia (+136.7% per year).

In value terms, the largest markets for radio receiver exported from Bulgaria were Romania ($X), the United States ($X) and Turkey ($X), with a combined 35% share of total exports. Italy, Greece, Latvia, Germany, Croatia and Hungary lagged somewhat behind, together accounting for a further 12%.

Latvia, with a CAGR of +59.1%, recorded the highest rates of growth with regard to 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 radio receiver export price stood at $X per unit in 2022, with a decrease of -38.5% against the previous year. Over the period under review, the export price continues to indicate a abrupt contraction. The pace of growth was the most pronounced in 2020 an increase of 512%. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to Romania ($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 (+46.0%), while the prices for the other major destinations experienced more modest paces of growth.

Radio Receiver Imports

Imports into Bulgaria

In 2022, approx. X units of radio receivers were imported into Bulgaria; with a decrease of -30.2% on the previous year's figure. In general, total imports indicated a mild increase from 2012 to 2022: its volume increased at an average annual rate of +1.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2016 with an increase of 97%. Imports peaked at X units in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, radio receiver imports contracted to $X in 2022. Overall, total imports indicated a moderate increase from 2012 to 2022: its value increased at an average annual rate of +2.1% 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 +39.0% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 49%. Imports peaked at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest radio receiver supplier to Bulgaria, with a 59% share of total imports. Moreover, radio receiver imports from China exceeded the figures recorded by the second-largest supplier, Romania (X units), sixfold. Belgium (X units) ranked third in terms of total imports with an 8.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +7.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Romania (+51.7% per year) and Belgium (-0.7% per year).

In value terms, China ($X), the Czech Republic ($X) and Belgium ($X) constituted the largest radio receiver suppliers to Bulgaria, with a combined 51% share of total imports. Germany, Romania, Slovakia, Hungary, Austria and Hong Kong SAR lagged somewhat behind, together comprising a further 40%.

Romania, with a CAGR of +46.6%, saw 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 radio receiver import price stood at $X per unit in 2022, growing by 33% against the previous year. In general, import price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of +1.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, radio receiver import price increased by +47.6% against 2020 indices. Over the period under review, average import prices hit record highs at $X per unit in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Hungary ($X per unit), while the price for Hong Kong SAR ($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 (+18.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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