Bulgaria: Data Storage Device Market 2024

Data Storage Device Market Size in Bulgaria

In 2022, the Bulgarian data storage device market decreased by -3.6% to $X, falling for the second consecutive year after two years of growth. Over the period under review, the total consumption indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of +3.5% 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 -6.9% against 2020 indices. Over the period under review, the market attained the peak level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Data Storage Device Exports

Exports from Bulgaria

Data storage device exports from Bulgaria declined sharply to X units in 2022, waning by -22.7% against 2021 figures. Over the period under review, exports, however, enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2018 with an increase of 228% against the previous year. As a result, the exports attained the peak of X units. From 2019 to 2022, the growth of the exports failed to regain momentum.

In value terms, data storage device exports totaled $X in 2022. Overall, exports, however, showed prominent growth. The most prominent rate of growth was recorded in 2018 with an increase of 231%. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Italy (X units), Greece (X units) and Cyprus (X units) were the main destinations of data storage device exports from Bulgaria, together accounting for 52% of total exports. Turkey, Denmark, the Czech Republic, Poland, the United Arab Emirates, North Macedonia, Germany, Austria, Slovenia and Romania lagged somewhat behind, together comprising a further 39%.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of +130.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Cyprus ($X) emerged as the key foreign market for data storage devices exports from Bulgaria, comprising 41% of total exports. The second position in the ranking was held by Greece ($X), with a 17% share of total exports. It was followed by Italy, with a 17% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Cyprus stood at +56.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Greece (+31.2% per year) and Italy (+64.8% per year).

Export Prices by Country

The average data storage device export price stood at $X per unit in 2022, surging by 30% against the previous year. Over the period under review, the export price recorded prominent growth. The pace of growth was the most pronounced in 2020 an increase of 47% against the previous year. The export price peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Cyprus ($X per unit), while the average price for exports to Denmark ($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 (+15.5%), while the prices for the other major destinations experienced more modest paces of growth.

Data Storage Device Imports

Imports into Bulgaria

In 2022, approx. X units of data storage devices were imported into Bulgaria; with a decrease of -17.3% against the previous year's figure. Over the period under review, total imports indicated notable growth from 2012 to 2022: its volume increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -28.6% against 2018 indices. The most prominent rate of growth was recorded in 2018 when imports increased by 54%. As a result, imports reached the peak of X units. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, data storage device imports shrank to $X in 2022. Overall, total imports indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +5.5% 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 2018 with an increase of 53%. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Germany (X units), the Netherlands (X units) and Taiwan (Chinese) (X units) were the main suppliers of data storage device imports to Bulgaria, together comprising 62% of total imports. The Czech Republic, Romania, Hong Kong SAR, Poland, Greece, Hungary and Austria lagged somewhat behind, together accounting for a further 27%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Romania (with a CAGR of +39.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the Netherlands ($X) and the Czech Republic ($X) constituted the largest data storage device suppliers to Bulgaria, together comprising 49% of total imports. Greece, Taiwan (Chinese), Hungary, Romania, Poland, Hong Kong SAR and Austria lagged somewhat behind, together comprising a further 24%.

In terms of the main suppliers, Romania, with a CAGR of +43.5%, saw 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

The average data storage device import price stood at $X per unit in 2022, increasing by 16% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.5%. The growth pace was the most rapid in 2014 when the average import price increased by 26%. The import price peaked in 2022 and is likely to see steady growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Greece (+22.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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