Bulgaria: Telecommunications Instrument Market 2024

Telecommunications Instrument Market Size in Bulgaria

The Bulgarian telecommunications instrument market dropped to $X in 2021, waning by -14.9% against the previous year. Overall, consumption, however, recorded a relatively flat trend pattern. Telecommunications instrument consumption peaked at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Telecommunications Instrument Production in Bulgaria

In value terms, telecommunications instrument production declined to $X in 2021 estimated in export price. Over the period under review, production, however, enjoyed modest growth. The pace of growth was the most pronounced in 2014 with an increase of 148% against the previous year. Over the period under review, production hit record highs at $X in 2020, and then reduced in the following year.

Telecommunications Instrument Exports

Exports from Bulgaria

In 2021, overseas shipments of telecommunications instruments increased by 12% to X units, rising for the second consecutive year after three years of decline. Overall, exports showed perceptible growth. The pace of growth was the most pronounced in 2015 with an increase of 1,267% against the previous year. The exports peaked at X units in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

In value terms, telecommunications instrument exports soared to $X in 2021. Over the period under review, exports showed resilient growth. The most prominent rate of growth was recorded in 2015 with an increase of 133% against the previous year. As a result, the exports attained the peak of $X. From 2016 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

France (X units), Switzerland (X units) and Russia (X units) were the main destinations of telecommunications instrument exports from Bulgaria, together accounting for 91% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by France (with a CAGR of +55.0%), while the other leaders experienced more modest paces of growth.

In value terms, Switzerland ($X) remains the key foreign market for telecommunications instruments exports from Bulgaria, comprising 91% of total exports. The second position in the ranking was held by Russia ($X), with a 6.2% share of total exports. It was followed by Germany, with a 0.6% share.

From 2012 to 2021, the average annual growth rate of value to Switzerland totaled +46.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (-43.4% per year) and Germany (-58.2% per year).

Export Prices by Country

In 2021, the average telecommunications instrument export price amounted to $X per unit, rising by 34% against the previous year. In general, the export price showed buoyant growth. The most prominent rate of growth was recorded in 2018 when the average export price increased by 743%. The export price peaked at $X per unit in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Switzerland ($X per unit), while the average price for exports to France ($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 Cyprus (+521.5%), while the prices for the other major destinations experienced more modest paces of growth.

Telecommunications Instrument Imports

Imports into Bulgaria

In 2021, purchases abroad of telecommunications instruments decreased by -46.1% to X units, falling for the third consecutive year after two years of growth. Overall, imports saw a abrupt curtailment. The pace of growth was the most pronounced in 2013 when imports increased by 649%. As a result, imports reached the peak of X units. From 2014 to 2021, the growth of imports remained at a lower figure.

In value terms, telecommunications instrument imports shrank significantly to $X in 2021. In general, imports showed a noticeable decline. The most prominent rate of growth was recorded in 2013 with an increase of 335% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports failed to regain momentum.

Imports by Country

Switzerland (X units), Italy (X units) and the UK (X units) were the main suppliers of telecommunications instrument imports to Bulgaria, together comprising 59% of total imports.

From 2012 to 2021, the biggest increases were recorded for Switzerland (with a CAGR of +47.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Switzerland ($X) constituted the largest supplier of telecommunications instruments to Bulgaria, comprising 36% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a 15% share of total imports. It was followed by Germany, with an 8.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Switzerland stood at +59.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-5.9% per year) and Germany (+1.9% per year).

Import Prices by Country

In 2021, the average telecommunications instrument import price amounted to $X per unit, increasing by 53% against the previous year. Overall, the import price saw a strong increase. The most prominent rate of growth was recorded in 2019 when the average import price increased by 66% against the previous year. The import price peaked in 2021 and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Austria ($X per unit), while the price for Italy ($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 United States (+20.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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