Telephonic Switching Apparatus Market Overview in Bulgaria
Market Overview
The Bulgarian telephonic switching apparatus market totaled $
in 2019, with an increase of % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, the total consumption indicated a tangible expansion from 2007 to 2019: its value increased at an average annual rate of +% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, consumption decreased by -% against 2017 indices. The most prominent rate of growth was recorded in 2008 with an increase of % y-o-y. Over the period under review, the market reached the peak level at $ in 2017; however, from 2018 to 2019, consumption remained at a lower figure.
In value terms, telephonic switching apparatus production soared to $ in 2019 estimated in export prices. Over the period under review, production enjoyed a buoyant expansion. The pace of growth appeared the most rapid in 2011 when the production volume increased by % y-o-y. Telephonic switching apparatus production peaked at $ in 2017; however, from 2018 to 2019, production stood at a somewhat lower figure.
in 2019, with an increase of % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, the total consumption indicated a tangible expansion from 2007 to 2019: its value increased at an average annual rate of +% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, consumption decreased by -% against 2017 indices. The most prominent rate of growth was recorded in 2008 with an increase of % y-o-y. Over the period under review, the market reached the peak level at $ in 2017; however, from 2018 to 2019, consumption remained at a lower figure.In value terms, telephonic switching apparatus production soared to $
in 2019 estimated in export prices. Over the period under review, production enjoyed a buoyant expansion. The pace of growth appeared the most rapid in 2011 when the production volume increased by % y-o-y. Telephonic switching apparatus production peaked at $ in 2017; however, from 2018 to 2019, production stood at a somewhat lower figure.Consumption
In 2019, consumption of telephonic or telegraphic switching apparatus was finally on the rise to reach units after two years of decline. In general, the total consumption indicated a moderate increase from 2007 to 2019: its volume increased at an average annual rate of +% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, consumption decreased by -% against 2016 indices. The growth pace was the most rapid in 2008 with an increase of % y-o-y. Over the period under review, consumption attained the maximum volume at units in 2016; however, from 2017 to 2019, consumption stood at a somewhat lower figure.
The size of the telephonic switching apparatus market in Bulgaria stood at $ in 2019, with an increase of % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, the total consumption indicated tangible growth from 2007 to 2019: its value increased at an average annual rate of +% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, consumption decreased by -% against 2017 indices. The pace of growth appeared the most rapid in 2008 with an increase of % y-o-y. Over the period under review, the market hit record highs at $ in 2017; however, from 2018 to 2019, consumption stood at a somewhat lower figure.
units after two years of decline. In general, the total consumption indicated a moderate increase from 2007 to 2019: its volume increased at an average annual rate of +% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, consumption decreased by -% against 2016 indices. The growth pace was the most rapid in 2008 with an increase of % y-o-y. Over the period under review, consumption attained the maximum volume at units in 2016; however, from 2017 to 2019, consumption stood at a somewhat lower figure.The size of the telephonic switching apparatus market in Bulgaria stood at $
in 2019, with an increase of % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, the total consumption indicated tangible growth from 2007 to 2019: its value increased at an average annual rate of +% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, consumption decreased by -% against 2017 indices. The pace of growth appeared the most rapid in 2008 with an increase of % y-o-y. Over the period under review, the market hit record highs at $ in 2017; however, from 2018 to 2019, consumption stood at a somewhat lower figure.Market Forecast
Driven by increasing demand for telephonic switching apparatus in Bulgaria, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +% for the period from 2019 to , which is projected to bring the market volume to units by the end of .
% for the period from 2019 to , which is projected to bring the market volume to units by the end of .Market Structure
Telephonic switching apparatus market in Bulgaria consists almost entirely of imported products.
Trade Balance
Bulgaria remains a net importer of telephonic switching apparatus; in physical and value terms, imports consistently exceeded exports from 2007 to 2019. In 2019, there was a significant trade deficit of units, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
units, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
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