Bulgaria: Telephonic Switching Apparatus Market 2024

Telephonic Switching Apparatus Market Size in Bulgaria

After four years of decline, the Bulgarian telephonic switching apparatus market increased by 55% to $X in 2022. Over the period under review, consumption recorded a relatively flat trend pattern. Telephonic switching apparatus consumption peaked at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Telephonic Switching Apparatus Production in Bulgaria

In value terms, telephonic switching apparatus production declined rapidly to $X in 2022 estimated in export price. Over the period under review, production recorded a deep reduction. The most prominent rate of growth was recorded in 2021 with an increase of 47%. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Telephonic Switching Apparatus Exports

Exports from Bulgaria

After three years of growth, overseas shipments of telephonic or telegraphic switching apparatus decreased by -18.9% to X units in 2022. In general, exports, however, showed a strong increase. The pace of growth was the most pronounced in 2015 when exports increased by 235% against the previous year. The exports peaked at X units in 2021, and then fell dramatically in the following year.

In value terms, telephonic switching apparatus exports surged to $X in 2022. Over the period under review, exports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2014 when exports increased by 91%. The exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

Germany (X units) was the main destination for telephonic switching apparatus exports from Bulgaria, with a 61% share of total exports. Moreover, telephonic switching apparatus exports to Germany exceeded the volume sent to the second major destination, Cyprus (X units), sevenfold. The United States (X units) ranked third in terms of total exports with a 7.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany amounted to +53.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cyprus (+27.4% per year) and the United States (+48.9% per year).

In value terms, Germany ($X), the Netherlands ($X) and India ($X) were the largest markets for telephonic switching apparatus exported from Bulgaria worldwide, together accounting for 31% of total exports. Romania, the United States, China, the United Arab Emirates, Cyprus, Turkey, Poland, Greece and North Macedonia lagged somewhat behind, together comprising a further 26%.

The United Arab Emirates, with a CAGR of +106.8%, recorded the highest rates of growth with regard to the value of exports, in terms of 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 telephonic switching apparatus export price stood at $X per unit in 2022, growing by 42% against the previous year. In general, the export price continues to indicate a strong expansion. The pace of growth appeared the most rapid in 2013 when the average export price increased by 405%. Over the period under review, the average export prices attained the maximum at $X per unit in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was India ($X per unit), while the average price for exports to Germany ($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 India (+3.7%), while the prices for the other major destinations experienced more modest paces of growth.

Telephonic Switching Apparatus Imports

Imports into Bulgaria

In 2022, the amount of telephonic or telegraphic switching apparatus imported into Bulgaria shrank to X units, which is down by -9% compared with 2021 figures. Over the period under review, total imports indicated a noticeable increase from 2012 to 2022: its volume 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, imports increased by +10.9% against 2020 indices. The pace of growth was the most pronounced in 2017 with an increase of 38% against the previous year. As a result, imports reached the peak of X units. From 2018 to 2022, the growth of imports failed to regain momentum.

In value terms, telephonic switching apparatus imports surged to $X in 2022. Overall, imports, however, continue to indicate a remarkable increase. The pace of growth appeared the most rapid in 2020 with an increase of 32% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the near future.

Imports by Country

China (X units), Romania (X units) and the Netherlands (X units) were the main suppliers of telephonic switching apparatus imports to Bulgaria, with a combined 69% share of total imports. The Czech Republic, Hong Kong SAR, Austria, Poland, Hungary, Germany and France lagged somewhat behind, together comprising a further 31%.

From 2012 to 2022, the biggest increases were recorded for the Czech Republic (with a CAGR of +27.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), the Czech Republic ($X) and China ($X) appeared to be the largest telephonic switching apparatus suppliers to Bulgaria, together comprising 56% of total imports.

Among the main suppliers, the Czech Republic, with a CAGR of +40.9%, 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 2022, the average telephonic switching apparatus import price amounted to $X per unit, increasing by 30% against the previous year. Over the period under review, import price indicated a resilient expansion from 2012 to 2022: its price 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. Based on 2022 figures, telephonic switching apparatus import price increased by +151.6% against 2017 indices. The pace of growth was the most pronounced in 2020 when the average import price increased by 42%. Over the period under review, average import prices reached the maximum in 2022 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 the Czech Republic ($X per unit), while the price for Austria ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (+15.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :