Bulgaria: Market for Woven Pile Fabrics And Chenille Fabrics 2024

Market Size for Woven Pile Fabrics And Chenille Fabrics in Bulgaria

For the third year in a row, the Bulgarian pile and chenille fabric market recorded growth in sales value, which increased by X% to $X in 2022. Overall, consumption continues to indicate a noticeable setback. Over the period under review, the market reached the peak level at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Exports of Woven Pile Fabrics And Chenille Fabrics

Exports from Bulgaria

In 2022, exports of woven pile fabrics and chenille fabrics from Bulgaria contracted remarkably to X tons, dropping by X% against the year before. In general, exports, however, saw a remarkable increase. The pace of growth was the most pronounced in 2013 when exports increased by X%. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, pile and chenille fabric exports dropped rapidly to $X in 2022. Over the period under review, exports, however, recorded a buoyant expansion. The pace of growth appeared the most rapid in 2013 with an increase of X%. Over the period under review, the exports attained the peak figure at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Greece (X tons) was the main destination for pile and chenille fabric exports from Bulgaria, accounting for a X% share of total exports. Moreover, pile and chenille fabric exports to Greece exceeded the volume sent to the second major destination, Spain (X tons), tenfold. Morocco (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Greece totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (X% per year) and Morocco (X% per year).

In value terms, Greece ($X) remains the key foreign market for woven pile fabrics and chenille fabrics exports from Bulgaria, comprising X% of total exports. The second position in the ranking was taken by Portugal ($X), with a X% share of total exports. It was followed by Spain, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Greece amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Portugal (X% per year) and Spain (X% per year).

Export Prices by Country

In 2022, the average pile and chenille fabric export price amounted to $X per ton, picking up by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Turkey ($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 Italy (X%), while the prices for the other major destinations experienced more modest paces of growth.

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Imports of Woven Pile Fabrics And Chenille Fabrics

Imports into Bulgaria

In 2022, the amount of woven pile fabrics and chenille fabrics imported into Bulgaria fell significantly to X tons, which is down by X% compared with the previous year's figure. In general, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, pile and chenille fabric imports reduced to $X in 2022. Overall, imports showed a noticeable reduction. The most prominent rate of growth was recorded in 2018 when imports increased by X%. Imports peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest pile and chenille fabric supplier to Bulgaria, with a X% share of total imports. Moreover, pile and chenille fabric imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X tons), twofold. Poland (X tons) ranked third in terms of total imports with an X% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (X% per year) and Poland (X% per year).

In value terms, the largest pile and chenille fabric suppliers to Bulgaria were China ($X), Italy ($X) and Germany ($X), together comprising X% of total imports. Turkey, France, the UK and Poland lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, the UK, with a CAGR of X%, recorded the highest rates of growth with regard to 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 pile and chenille fabric import price stood at $X per ton in 2022, with an increase of X% against the previous year. Over the period under review, the import price, however, saw a noticeable descent. The pace of growth appeared the most rapid in 2015 an increase of X% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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

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

Source: IndexBox Platform

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