Bulgaria: Telephone Apparatus Market 2024

Telephone Apparatus Market Size in Bulgaria

In 2022, the Bulgarian telephone apparatus market was finally on the rise to reach $X for the first time since 2018, thus ending a three-year declining trend. In general, the total consumption indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Telephone Apparatus Production in Bulgaria

In value terms, telephone apparatus production surged to $X in 2022 estimated in export price. Over the period under review, production recorded a deep setback. Telephone apparatus production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Telephone Apparatus Exports

Exports from Bulgaria

In 2022, after five years of growth, there was significant decline in overseas shipments of telephone apparatus, when their volume decreased by -34.4% to X tons. Over the period under review, exports, however, showed a strong expansion. The growth pace was the most rapid in 2015 with an increase of 143% against the previous year. The exports peaked at X tons in 2021, and then fell dramatically in the following year.

In value terms, telephone apparatus exports rose modestly to $X in 2022. Overall, exports, however, saw prominent growth. The growth pace was the most rapid in 2019 when exports increased by 32%. The exports peaked in 2022 and are likely to see steady growth in the immediate term.

Exports by Country

Italy (X tons) was the main destination for telephone apparatus exports from Bulgaria, with a 20% share of total exports. Moreover, telephone apparatus exports to Italy exceeded the volume sent to the second major destination, Greece (X tons), twofold. The third position in this ranking was taken by Germany (X tons), with a 5.5% share.

From 2012 to 2021, the average annual growth rate of volume to Italy stood at +13.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Greece (+48.2% per year) and Germany (+19.0% per year).

In value terms, the largest markets for telephone apparatus exported from Bulgaria were Greece ($X), Germany ($X) and Italy ($X), together comprising 48% of total exports. Austria, the UK, Romania, the United States, the Netherlands, Poland, France, Slovakia, Turkey and Hong Kong SAR lagged somewhat behind, together accounting for a further 36%.

Among the main countries of destination, Austria, with a CAGR of +140.9%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average telephone apparatus export price stood at $X per ton in 2021, waning by -15.4% against the previous year. Over the period under review, export price indicated a perceptible increase from 2012 to 2021: its price increased at an average annual rate of +3.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, telephone apparatus export price decreased by -35.6% against 2016 indices. The most prominent rate of growth was recorded in 2016 an increase of 151%. As a result, the export price attained the peak level of $X per ton. From 2017 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Austria ($X per ton), while the average price for exports to Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+14.5%), while the prices for the other major destinations experienced mixed trend patterns.

Telephone Apparatus Imports

Imports into Bulgaria

In 2022, imports of telephone apparatus into Bulgaria skyrocketed to X tons, jumping by 17% against 2021. The total import volume increased at an average annual rate of +4.8% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when imports increased by 23% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, telephone apparatus imports rose remarkably to $X in 2022. Over the period under review, total imports indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +7.9% 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 +113.4% against 2012 indices. The growth pace was the most rapid in 2014 with an increase of 22% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to see steady growth in years to come.

Imports by Country

China (X tons), Hungary (X tons) and the Netherlands (X tons) were the main suppliers of telephone apparatus imports to Bulgaria, together comprising 20% of total imports. Romania, Germany, the Czech Republic, Italy, Hong Kong SAR, Austria, Slovakia, Poland, Greece and France lagged somewhat behind, together accounting for a further 22%.

From 2012 to 2021, the biggest increases were recorded for Poland (with a CAGR of +25.5%), while purchases for the other leaders experienced more modest paces of growth.

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

In terms of the main suppliers, Italy, with a CAGR of +44.3%, 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 telephone apparatus import price stood at $X per ton in 2021, rising by 13% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +4.1%. The most prominent rate of growth was recorded in 2018 an increase of 17% against the previous year. The import price peaked in 2021 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Slovakia ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+17.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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