Bulgaria: Market for Optical Fibers, Bundles and Cables 2024

Market Size for Optical Fibers, Bundles and Cables in Bulgaria

The Bulgarian market for optical fibers, bundles and cables fell to $X in 2022, reducing by X% against the previous year. Over the period under review, consumption, however, recorded strong growth. Optical fiber, bundle and cable consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Production of Optical Fibers, Bundles and Cables in Bulgaria

In value terms, optical fiber, bundle and cable production shrank to $X in 2022 estimated in export price. In general, production, however, recorded buoyant growth. The pace of growth was the most pronounced in 2016 when the production volume increased by X%. Optical fiber, bundle and cable production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Exports of Optical Fibers, Bundles and Cables

Exports from Bulgaria

In 2022, overseas shipments of optical fibers, bundles and cables increased by X% to X tons, rising for the sixth consecutive year after three years of decline. Overall, exports showed a resilient increase. The growth pace was the most rapid in 2013 when exports increased by X% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, optical fiber, bundle and cable exports dropped to $X in 2022. Over the period under review, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2021, and then contracted in the following year.

Exports by Country

Kosovo (X tons) was the main destination for optical fiber, bundle and cable exports from Bulgaria, accounting for a X% share of total exports. Moreover, optical fiber, bundle and cable exports to Kosovo exceeded the volume sent to the second major destination, North Macedonia (X tons), threefold. Serbia (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Kosovo totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: North Macedonia (X% per year) and Serbia (X% per year).

In value terms, the largest markets for optical fiber, bundle and cable exported from Bulgaria were Switzerland ($X), Germany ($X) and Poland ($X), together accounting for X% of total exports. The United Arab Emirates, Kosovo, France, Spain, Italy, Serbia, North Macedonia, Cyprus, China and Montenegro lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, Kosovo, with a CAGR of X%, recorded the highest rates of growth with regard to 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 export price for optical fibers, bundles and cables stood at $X per ton in 2022, shrinking by X% against the previous year. In general, the export price, however, recorded notable growth. The most prominent rate of growth was recorded in 2013 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Switzerland ($X per ton), while the average price for exports to Kosovo ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Kosovo (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Optical Fibers, Bundles and Cables

Imports into Bulgaria

After five years of growth, overseas purchases of optical fibers, bundles and cables decreased by X% to X tons in 2022. Over the period under review, total imports indicated measured growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when imports increased by X%. Imports peaked at X tons in 2021, and then declined notably in the following year.

In value terms, optical fiber, bundle and cable imports totaled $X in 2022. Overall, total imports indicated moderate growth from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports attained the maximum in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

Germany (X tons), China (X tons) and Turkey (X tons) were the main suppliers of optical fiber, bundle and cable imports to Bulgaria, together accounting for X% of total imports. India, Greece, Poland and Indonesia lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest optical fiber, bundle and cable suppliers to Bulgaria were China ($X), Germany ($X) and India ($X), with a combined X% share of total imports. Turkey, Poland, Greece and Indonesia lagged somewhat behind, together comprising a further X%.

Among the main suppliers, Poland, with a CAGR of X%, saw the highest growth rate of 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 import price for optical fibers, bundles and cables stood at $X per ton in 2022, picking up by X% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 China ($X per ton), while the price for Greece ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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