Bulgaria: Semiconductor Device Market 2025

Semiconductor Device Market Size in Bulgaria

In 2021, after four years of decline, there was significant growth in the Bulgarian semiconductor device market, when its value increased by 188% to $X. In general, consumption, however, faced a abrupt decrease. Over the period under review, the market reached the peak level at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Semiconductor Device Exports

Exports from Bulgaria

In 2021, semiconductor device exports from Bulgaria soared to X units, increasing by 349% against the previous year. In general, exports posted noticeable growth. The pace of growth was the most pronounced in 2018 when exports increased by 13,091% against the previous year. The exports peaked at X units in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, semiconductor device exports skyrocketed to $X in 2021. Over the period under review, exports, however, showed a deep reduction. The most prominent rate of growth was recorded in 2020 when exports increased by 4,283%. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Saudi Arabia (X units) was the main destination for semiconductor device exports from Bulgaria, with a 82% share of total exports. Moreover, semiconductor device exports to Saudi Arabia exceeded the volume sent to the second major destination, Hong Kong SAR (X units), tenfold. Israel (X units) ranked third in terms of total exports with a 5.7% share.

From 2012 to 2021, the average annual growth rate of volume to Saudi Arabia totaled +3,888.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (0.0% per year) and Israel (+56.6% per year).

In value terms, the largest markets for semiconductor device exported from Bulgaria were Hong Kong SAR ($X), Saudi Arabia ($X) and Israel ($X), with a combined 95% share of total exports.

Saudi Arabia, with a CAGR of +2,457.4%, saw 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 semiconductor device export price stood at $X per unit in 2021, declining by -68.7% against the previous year. In general, the export price saw a abrupt decrease. The pace of growth appeared the most rapid in 2019 an increase of 6,810%. The export price peaked at $X per unit in 2017; however, from 2018 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per unit), while the average price for exports to Saudi Arabia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Israel (-11.5%), while the prices for the other major destinations experienced a decline.

Semiconductor Device Imports

Imports into Bulgaria

In 2021, after four years of decline, there was significant growth in supplies from abroad of semiconductor devices, when their volume increased by 216% to X units. Overall, imports, however, continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2016 with an increase of 423%. Imports peaked at X units in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, semiconductor device imports skyrocketed to $X in 2021. In general, imports, however, faced a deep setback. The growth pace was the most rapid in 2016 with an increase of 410%. Over the period under review, imports reached the maximum at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Germany (X units) constituted the largest supplier of semiconductor device to Bulgaria, accounting for a 66% share of total imports. Moreover, semiconductor device imports from Germany exceeded the figures recorded by the second-largest supplier, China (X units), threefold. Hong Kong SAR (X units) ranked third in terms of total imports with a 2.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany totaled +1.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+13.9% per year) and Hong Kong SAR (+30.2% per year).

In value terms, Germany ($X) constituted the largest supplier of semiconductor devices to Bulgaria, comprising 65% of total imports. The second position in the ranking was taken by China ($X), with a 10% share of total imports. It was followed by Hong Kong SAR, with a 5.5% share.

From 2012 to 2021, the average annual growth rate of value from Germany totaled +3.6%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+17.2% per year) and Hong Kong SAR (+51.4% per year).

Import Prices by Country

The average semiconductor device import price stood at $X per unit in 2021, dropping by -14.1% against the previous year. Over the period under review, the import price showed a perceptible downturn. The pace of growth appeared the most rapid in 2019 an increase of 22% against the previous year. Over the period under review, average import prices reached the peak figure at $X per unit in 2013; however, from 2014 to 2021, 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 United States ($X per unit), while the price for Ireland ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+16.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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