Bulgaria - Mobile Phones - Market Analysis, Forecast, Size, Trends And Insights
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View PricingMobile Phone Price in Bulgaria - 2023
Contents:
- Mobile Phone Price in Bulgaria (CIF) - 2022
- Mobile Phone Price in Bulgaria (FOB) - 2023
- Mobile Phone Imports in Bulgaria
- Mobile Phone Exports in Bulgaria
Mobile Phone Price in Bulgaria (CIF) - 2022
In 2022, the average mobile phone import price amounted to $245 per unit, increasing by 21% against the previous year. Overall, import price indicated a prominent expansion from 2012 to 2022: its price increased at an average annual rate of +9.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, mobile phone import price increased by +48.1% against 2019 indices. The pace of growth was the most pronounced in 2013 when the average import price increased by 26%. The import price peaked in 2022 and is likely to see gradual growth in years to come.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Hungary ($772 per unit), while the price for France ($49 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+24.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Mobile Phone Price in Bulgaria (FOB) - 2023
In May 2023, the average mobile phone export price amounted to $254 per unit, with an increase of 12% against the previous month. In general, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in March 2023 an increase of 111% against the previous month. As a result, the export price reached the peak level of $528 per unit. From April 2023 to May 2023, the the average export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Italy ($412 per unit), while the average price for exports to Ukraine ($84.4 per unit) was amongst the lowest.
From May 2022 to May 2023, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+8.8%), while the prices for the other major destinations experienced more modest paces of growth.
Mobile Phone Imports in Bulgaria
In 2022, approx. 2M units of mobile phones were imported into Bulgaria; which is down by -8% on the previous year. Overall, imports recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2021 when imports increased by 0.7%. Over the period under review, imports reached the maximum at 2.9M units in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, mobile phone imports rose sharply to $490M in 2022. The total import value increased at an average annual rate of +1.2% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
Import of Mobile Phone in Bulgaria (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Slovakia | 190 | 162 | 128 | 162 | -5.2% |
Hungary | 34.1 | 33.6 | 41.7 | 67.4 | 25.5% |
Czech Republic | 87.9 | 84.9 | 50.2 | 64.4 | -9.9% |
Romania | 13.4 | 24.1 | 41.0 | 49.6 | 54.7% |
Hong Kong SAR | 6.4 | 4.4 | 7.0 | 46.5 | 93.7% |
Netherlands | 36.4 | 23.1 | 44.2 | 24.2 | -12.7% |
Austria | 18.7 | 14.7 | 21.5 | 19.0 | 0.5% |
China | 12.7 | 27.7 | 56.9 | 16.3 | 8.7% |
Germany | 14.9 | 11.6 | 6.8 | 8.1 | -18.4% |
France | 4.6 | 5.6 | 5.2 | 4.7 | 0.7% |
Others | 52.9 | 44.6 | 37.5 | 27.4 | -19.7% |
Total | 472 | 437 | 440 | 490 | 1.3% |
Top Suppliers of Mobile Phone to Bulgaria in 2022:
- Slovakia (696.5K units)
- Hong Kong SAR (308.3K units)
- Austria (190.6K units)
- Czech Republic (116.9K units)
- China (109.7K units)
- Romania (109.5K units)
- France (95.0K units)
- Hungary (87.3K units)
- Netherlands (84.2K units)
- Germany (53.5K units)
Mobile Phone Exports in Bulgaria
After two years of decline, overseas shipments of mobile phones increased by 1.5% to 573K units in 2022. In general, exports, however, recorded a abrupt decrease. The exports peaked at 1.1M units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, mobile phone exports expanded markedly to $144M in 2022. Over the period under review, exports, however, recorded a abrupt shrinkage. The exports peaked at $170M in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.
Export of Mobile Phone in Bulgaria (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Germany | 28.7 | 38.5 | 35.6 | 29.9 | 1.4% |
Austria | 51.7 | 35.0 | 16.8 | 19.2 | -28.1% |
Romania | 5.7 | 6.7 | 10.9 | 10.9 | 24.1% |
Netherlands | 6.2 | 9.4 | 6.6 | 10.9 | 20.7% |
Latvia | 2.6 | 10.3 | 6.4 | 8.1 | 46.1% |
Poland | 8.9 | 12.9 | 7.4 | 7.2 | -6.8% |
United Arab Emirates | N/A | 0.4 | 0.6 | 6.2 | 293.7% |
Ukraine | N/A | 0.1 | 0.1 | 4.5 | 570.8% |
Czech Republic | 7.3 | 5.4 | 1.1 | 3.9 | -18.9% |
France | 6.3 | 3.7 | 2.8 | 3.8 | -15.5% |
Slovakia | 4.0 | 6.0 | 5.3 | 3.2 | -7.2% |
Italy | 14.0 | 8.0 | 3.1 | 2.2 | -46.0% |
North Macedonia | 2.1 | 1.5 | 1.5 | 1.1 | -19.4% |
Others | 31.3 | 32.5 | 33.1 | 33.0 | 1.8% |
Total | 169 | 170 | 131 | 144 | -5.2% |
Top Export Markets for Mobile Phone from Bulgaria in 2022:
- Germany (104.5K units)
- Austria (92.4K units)
- Netherlands (43.3K units)
- Latvia (35.1K units)
- Ukraine (32.5K units)
- Romania (31.9K units)
- Poland (31.0K units)
- United Arab Emirates (22.0K units)
- Czech Republic (21.1K units)
- France (16.7K units)
- Slovakia (11.8K units)
- North Macedonia (10.4K units)
- Italy (10.3K units)
This report provides an in-depth analysis of the mobile phone 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 26302200 - Telephones for cellular networks or for other wireless networks
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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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