Report Update Nov 1, 2024

Bulgaria - Single Loudspeakers (In Enclosure) - Market Analysis, Forecast, Size, Trends and Insights

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Bulgaria: Loudspeaker Market 2024

Loudspeaker Market Size in Bulgaria

In 2021, the Bulgarian loudspeaker market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, consumption saw resilient growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Loudspeaker Exports

Exports from Bulgaria

In 2021, approx. X units of single loudspeakers (in enclosure) were exported from Bulgaria; rising by 18% on the previous year's figure. Overall, exports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2016 when exports increased by 165% against the previous year. The exports peaked in 2021 and are expected to retain growth in years to come.

In value terms, loudspeaker exports totaled $X in 2021. Over the period under review, exports showed significant growth. The most prominent rate of growth was recorded in 2018 with an increase of 87% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are likely to see steady growth in the immediate term.

Exports by Country

Germany (X units), Greece (X units) and Romania (X units) were the main destinations of loudspeaker exports from Bulgaria, together accounting for 68% of total exports. The United States, Hungary, Latvia, Singapore, North Macedonia, Israel, Denmark and Georgia lagged somewhat behind, together accounting for a further 23%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Latvia (with a CAGR of +218.6%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the key foreign market for single loudspeakers (in enclosure) exports from Bulgaria, comprising 68% of total exports. The second position in the ranking was held by Romania ($X), with a 13% share of total exports. It was followed by Greece, with a 4.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany stood at +55.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (+104.9% per year) and Greece (+48.0% per year).

Export Prices by Country

The average loudspeaker export price stood at $X per unit in 2021, falling by -15.2% against the previous year. Over the period under review, the export price saw a perceptible contraction. The most prominent rate of growth was recorded in 2015 when the average export price increased by 64%. As a result, the export price attained the peak level of $X per unit. From 2016 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Germany ($X per unit), while the average price for exports to Georgia ($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 Romania (+0.7%), while the prices for the other major destinations experienced a decline.

Loudspeaker Imports

Imports into Bulgaria

Loudspeaker imports into Bulgaria surged to X units in 2021, rising by 156% compared with 2020. Over the period under review, imports recorded significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, loudspeaker imports surged to $X in 2021. In general, imports continue to indicate prominent growth. The growth pace was the most rapid in 2015 with an increase of 50% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to see steady growth in the near future.

Imports by Country

Greece (X units), Germany (X units) and Romania (X units) were the main suppliers of loudspeaker imports to Bulgaria, together accounting for 50% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Romania (with a CAGR of +101.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Italy ($X) and the Netherlands ($X) were the largest loudspeaker suppliers to Bulgaria, with a combined 46% share of total imports. Romania, China, Greece, the Czech Republic, Poland, Slovakia, the UK, Hong Kong SAR and Hungary lagged somewhat behind, together accounting for a further 47%.

Among the main suppliers, Romania, with a CAGR of +94.9%, 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 2021, the average loudspeaker import price amounted to $X per unit, dropping by -44.4% against the previous year. Over the period under review, the import price recorded a perceptible downturn. The pace of growth appeared the most rapid in 2019 when the average import price increased by 42% against the previous year. As a result, import price reached the peak level of $X per unit. From 2020 to 2021, the average import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Italy ($X per unit), while the price for Greece ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Czech Republic (+2.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for single loudspeakers (in enclosure) in the world?

The countries with the highest volumes of loudspeaker consumption in 2020 were China, Germany and the United States, together comprising 44% of global consumption. France, Japan, India, South Korea, Brazil, Mexico, the Netherlands, Denmark, Indonesia and Hungary lagged somewhat behind, together comprising a further 32%.

What are the largest producers of single loudspeakers (in enclosure) in the world?

The country with the largest volume of loudspeaker production was China, accounting for 70% of total volume. Moreover, loudspeaker production in China exceeded the figures recorded by the second-largest producer, Vietnam, sixfold. India ranked third in terms of total production with a 4.6% share.

What are the leading suppliers of single loudspeakers (in enclosure) to Bulgaria?

In value terms, Germany, the Netherlands and China were the largest loudspeaker suppliers to Bulgaria, with a combined 42% share of total imports. Slovakia, Greece, the Czech Republic and Hong Kong SAR lagged somewhat behind, together accounting for a further 17%.

What are the leading importers of single loudspeakers (in enclosure) from Bulgaria?

In value terms, Germany remains the key foreign market for loudspeaker exports from Bulgaria, comprising 56% of total exports. The second position in the ranking was occupied by Romania, with a 13% share of total exports. It was followed by the Netherlands, with a 6.2% share.

What is the average export price for single loudspeakers (in enclosure) in Bulgaria?

The average loudspeaker export price stood at $54 per unit in 2020, surging by 17% against the previous year.

What is the average import price for single loudspeakers (in enclosure) in Bulgaria?

In 2020, the average loudspeaker import price amounted to $8.1 per unit, waning by -21% against the previous year.

This report provides an in-depth analysis of the loudspeaker market in Bulgaria. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 26404235 - Single loudspeakers mounted in their enclosures (including frames or cabinets mainly designed for mounting loudspeakers)

Country coverage:

Bulgaria

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Bulgaria
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023