The mobile phone market in Bulgaria has shown significant fluctuations over the past decade. From 2013 to 2023, market size values increased overall, despite a slight decline in 2019 and 2020. The market value reached 445.35 million euros in 2023. Year-on-year variations notably peaked in 2015 at 21.59% and saw a trough in 2020 at -3.42%. The average annual growth rate (CAGR) for the past five years is 3.13%, reflecting moderate growth despite economic headwinds.
Looking ahead, key trends to monitor include the impact of technological advancements, shifts in consumer preferences towards more sustainable and 5G-capable devices, and potential economic fluctuations that could affect consumer spending patterns.
| # | 9 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 13,317,000,000 | 2023 | +1.38% | +0.75% | View data |
| 2 | 2 Germany | 11,182,000,000 | 2023 | +4% | +2.55% | View data |
| 3 | 3 France | 8,137,900,000 | 2023 | +3.55% | +1.13% | View data |
| 4 | 4 Italy | 5,192,600,000 | 2023 | +1.06% | +0.48% | View data |
| 5 | 5 Sweden | 2,307,300,000 | 2023 | +3.11% | +2.46% | View data |
| 6 | 6 Denmark | 1,487,200,000 | 2023 | +2.37% | +5.89% | View data |
| 7 | 7 Portugal | 983,500,000 | 2023 | +3.46% | +2.79% | View data |
| 8 | 8 Bulgaria | 445,350,000 | 2023 | +4.96% | +3.13% | |
| 9 | 9 Lithuania | 421,690,000 | 2023 | +6% | +5.28% | View data |
