The consumer electronics market in Bulgaria has seen notable fluctuations over the past decade. From 2013 to 2023, the market grew from 159.7 million euros to 183.25 million euros, marking a steady upward trend with some minor setbacks. Year-on-year growth rates varied, with significant dips in 2016 and 2018 but generally positive growth, especially in recent years. Notably, the market grew by 1.18% from 2022 to 2023. The Compound Annual Growth Rate (CAGR) over the last five years stands at 2.68%, indicating solid growth despite periodic volatility.
Future trends to watch for in the Bulgarian consumer electronics market include the increasing adoption of smart devices, integration of AI technologies, and the expansion of e-commerce. These trends are expected to drive continued growth and innovation in the sector.
| # | 13 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 9,644,000,000 | 2023 | +0.43% | +0.45% | View data |
| 2 | 2 United Kingdom | 7,970,200,000 | 2023 | +0.29% | -0.027% | View data |
| 3 | 3 France | 5,458,600,000 | 2023 | -1.46% | -2.6% | View data |
| 4 | 4 Spain | 2,983,200,000 | 2023 | +1.11% | +0.77% | View data |
| 5 | 5 Portugal | 1,774,300,000 | 2023 | +4.56% | +3.87% | View data |
| 10 | 10 Croatia | 211,100,000 | 2023 | +0.69% | +0.73% | View data |
| 11 | 11 Lithuania | 206,930,000 | 2023 | +2.92% | +6.3% | View data |
| 12 | 12 Bulgaria | 183,250,000 | 2023 | +1.18% | +2.68% | |
| 13 | 13 Estonia | 138,760,000 | 2023 | +2.39% | +4.17% | View data |
