Bulgaria - Single Loudspeakers (In Enclosure) - Market Analysis, Forecast, Size, Trends And Insights
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View PricingLoudspeaker Price in Bulgaria - 2023
Contents:
- Loudspeaker Price in Bulgaria (CIF) - 2023
- Loudspeaker Price in Bulgaria (FOB) - 2022
- Loudspeaker Imports in Bulgaria
- Loudspeaker Exports in Bulgaria
Loudspeaker Price in Bulgaria (CIF) - 2023
The average loudspeaker import price stood at $50.1 per unit in August 2023, picking up by 25% against the previous month. Overall, the import price, however, continues to indicate a slight decline. The growth pace was the most rapid in July 2023 when the average import price increased by 72% against the previous month. The import price peaked at $59.4 per unit in May 2023; however, from June 2023 to August 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Germany ($83.2 per unit), while the price for China ($17.3 per unit) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by the Czech Republic (+3.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Loudspeaker Price in Bulgaria (FOB) - 2022
In 2022, the average loudspeaker export price amounted to $90 per unit, picking up by 56% against the previous year. Overall, the export price showed a strong expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Denmark ($214 per unit), while the average price for exports to Romania ($20 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 Denmark (+20.4%), while the prices for the other major destinations experienced more modest paces of growth.
Loudspeaker Imports in Bulgaria
In 2022, loudspeaker imports into Bulgaria soared to 559K units, with an increase of 28% on 2021. Over the period under review, imports showed a significant expansion. The growth pace was the most rapid in 2021 when imports increased by 152% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in years to come.
In value terms, loudspeaker imports contracted to $4.6M in 2022. In general, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 42% against the previous year. As a result, imports reached the peak of $5M, and then declined in the following year.
| Import of Loudspeaker in Bulgaria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 859 | 693 | 998 | 1,023 | 6.0% |
| Romania | 126 | 122 | 529 | 643 | 72.2% |
| China | 351 | 284 | 402 | 564 | 17.1% |
| Netherlands | 773 | 501 | 597 | 533 | -11.7% |
| Czech Republic | 22.9 | 148 | 316 | 356 | 149.6% |
| Slovakia | 227 | 229 | 199 | 328 | 13.1% |
| Poland | 128 | 105 | 255 | 108 | -5.5% |
| Greece | 175 | 169 | 382 | 106 | -15.4% |
| Hungary | 258 | 198 | 54.8 | 32.5 | -49.9% |
| Others | 1,575 | 1,090 | 1,304 | 886 | -17.4% |
| Total | 4,495 | 3,540 | 5,036 | 4,580 | 0.6% |
Top Suppliers of Loudspeaker to Bulgaria in 2022:
- Germany (158.4K units)
- Romania (123.6K units)
- Czech Republic (85.0K units)
- China (58.0K units)
- Slovakia (54.3K units)
- Poland (24.0K units)
- Greece (13.4K units)
- Netherlands (12.5K units)
- Hungary (1.6K units)
Loudspeaker Exports in Bulgaria
In 2022, shipments abroad of single loudspeakers (in enclosure) decreased by -35.3% to 35K units, falling for the second year in a row after two years of growth. Over the period under review, exports showed a abrupt setback. The pace of growth was the most pronounced in 2020 with an increase of 6.3%. As a result, the exports reached the peak of 67K units. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, loudspeaker exports stood at $3.1M in 2022. The total export value increased at an average annual rate of +7.9% over the period from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 with an increase of 24% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the near future.
| Export of Loudspeaker in Bulgaria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 828 | 1,754 | 2,118 | 2,512 | 44.8% |
| Romania | 374 | 419 | 417 | 209 | -17.6% |
| Georgia | 26.0 | 19.2 | 1.0 | 104 | 58.7% |
| Greece | 84.7 | 76.0 | 131 | 65.9 | -8.0% |
| United States | 46.8 | 26.6 | 28.4 | 49.6 | 2.0% |
| Armenia | 4.8 | 7.6 | 4.0 | 46.4 | 113.0% |
| Turkey | 2.1 | 5.7 | 0.4 | 36.9 | 160.0% |
| France | 89.7 | 49.5 | 15.9 | 11.0 | -50.3% |
| Others | 1,047 | 754 | 401 | 110 | -52.8% |
| Total | 2,504 | 3,112 | 3,117 | 3,146 | 7.9% |
Top Export Markets for Loudspeaker from Bulgaria in 2022:
- Germany (16.0K units)
- Romania (10.3K units)
- Georgia (2.9K units)
- Greece (2.2K units)
- United States (0.8K units)
- Turkey (0.7K units)
- Armenia (0.7K units)
- France (0.2K units)
This report provides an in-depth analysis of the loudspeaker 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 26404235 - Single loudspeakers mounted in their enclosures (including frames or cabinets mainly designed for mounting loudspeakers)
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
-
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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