Price for Garden or Similar Umbrellas in Bulgaria - 2023

Contents:

  1. Price for Garden or Similar Umbrellas in Bulgaria (CIF) - 2022
  2. Price for Garden or Similar Umbrellas in Bulgaria (FOB) - 2023
  3. Imports of Garden or Similar Umbrellas in Bulgaria
  4. Exports of Garden or Similar Umbrellas in Bulgaria

Price for Garden or Similar Umbrellas in Bulgaria (CIF) - 2022

The average garden or similar umbrellas import price stood at $16 per unit in 2022, rising by 19% against the previous year. Overall, the import price continues to indicate resilient growth. The growth pace was the most rapid in 2016 an increase of 62% against the previous year. Over the period under review, average import prices attained the peak figure at $20 per unit in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Austria ($107 per unit), while the price for Hong Kong SAR ($6 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+25.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Garden or Similar Umbrellas in Bulgaria (FOB) - 2023

The average garden or similar umbrellas export price stood at $51.0 per unit in August 2023, jumping by 48% against the previous month. In general, the export price recorded noticeable growth. The most prominent rate of growth was recorded in October 2022 when the average export price increased by 202% m-o-m. As a result, the export price reached the peak level of $210 per unit. From November 2022 to August 2023, the the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In August 2023, the country with the highest price was Ukraine ($98.8 per unit), while the average price for exports to Serbia ($25.9 per unit) was amongst the lowest.

From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Romania (+6.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Garden or Similar Umbrellas in Bulgaria

After three years of growth, overseas purchases of garden or similar umbrellases decreased by -8.1% to 290K units in 2022. Over the period under review, imports, however, enjoyed a significant increase. The pace of growth appeared the most rapid in 2020 when imports increased by 145%. Imports peaked at 316K units in 2021, and then declined in the following year.

In value terms, garden or similar umbrellas imports amounted to $4.7M in 2022. In general, total imports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +24.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +93.3% against 2019 indices. The growth pace was the most rapid in 2020 when imports increased by 59% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the immediate term.

Import of Garden or Similar Umbrellas in Bulgaria (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China7962,1222,2522,17139.7%
Poland35266.386.870225.9%
Ukraine544413618443-6.6%
Germany62.295.763.725860.7%
Romania11.135.6153215168.6%
Spain0.2N/A184128761.8%
Netherlands36.728.210210542.0%
Hong Kong SAR69.978.732.712.4-43.8%
Others5751,0588146916.3%
Total2,4473,8974,3064,72824.6%

Top Suppliers of Garden or Similar Umbrellas to Bulgaria in 2022:

  1. China (221.2K units)
  2. Spain (16.7K units)
  3. Poland (11.7K units)
  4. Germany (10.3K units)
  5. Romania (8.8K units)
  6. Netherlands (5.3K units)
  7. Ukraine (3.4K units)
  8. Hong Kong SAR (2.1K units)

Exports of Garden or Similar Umbrellas in Bulgaria

For the fourth consecutive year, Bulgaria recorded growth in shipments abroad of garden or similar umbrellases, which increased by 13% to 69K units in 2022. Overall, exports recorded a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 69%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, garden or similar umbrellas exports skyrocketed to $2.1M in 2022. In general, exports continue to indicate significant growth. The pace of growth appeared the most rapid in 2020 when exports increased by 84%. The exports peaked in 2022 and are expected to retain growth in years to come.

Export of Garden or Similar Umbrellas in Bulgaria (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Greece84.8233444743106.2%
Romania21.1295394395165.5%
Italy21015319930413.1%
Serbia10713021127336.6%
Bosnia and HerzegovinaN/A55.386.511242.3%
Moldova1.45.9N/A49.7228.7%
Others17723227226714.7%
Total6011,1041,6072,14452.8%

Top Export Markets for Garden or Similar Umbrellas from Bulgaria in 2022:

  1. Italy (17.8K units)
  2. Romania (15.1K units)
  3. Greece (12.5K units)
  4. Serbia (12.4K units)
  5. Bosnia and Herzegovina (5.2K units)
  6. Moldova (1.3K units)
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