Bulgaria: Market for Woven Pile Fabrics And Chenille Fabrics 2024

Market Size for Woven Pile Fabrics And Chenille Fabrics in Bulgaria

For the fourth year in a row, the Bulgarian pile and chenille fabric market recorded growth in sales value, which increased by X% to $X in 2023. Over the period under review, consumption, however, saw a noticeable decrease. Over the period under review, the market reached the peak level at $X in 2013; however, from 2014 to 2023, consumption failed to regain momentum.

Exports of Woven Pile Fabrics And Chenille Fabrics

Exports from Bulgaria

Pile and chenille fabric exports from Bulgaria fell rapidly to X tons in 2023, which is down by X% on 2022 figures. In general, exports, however, showed a strong increase. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2019; however, from 2020 to 2023, the exports remained at a lower figure.

In value terms, pile and chenille fabric exports fell significantly to $X in 2023. Overall, exports, however, showed strong growth. The growth pace was the most rapid in 2013 when exports increased by X% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2023, 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, with a X% share of total exports. Moreover, pile and chenille fabric exports to Greece exceeded the volume sent to the second major destination, Italy (X tons), threefold. The third position in this ranking was taken by Portugal (X tons), with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume to Greece totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (X% per year) and Portugal (X% per year).

In value terms, Greece ($X), Italy ($X) and Portugal ($X) appeared to be the largest markets for pile and chenille fabric exported from Bulgaria worldwide, together accounting for X% of total exports.

Italy, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the average pile and chenille fabric export price amounted to $X per ton, growing by X% against the previous year. In general, export price indicated pronounced growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, pile and chenille fabric export price increased by X% against 2019 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to France (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Woven Pile Fabrics And Chenille Fabrics

Imports into Bulgaria

In 2023, the amount of woven pile fabrics and chenille fabrics imported into Bulgaria amounted to X tons, remaining stable against 2022 figures. In general, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when imports increased by X% against the previous year. Imports peaked at X tons in 2013; however, from 2014 to 2023, imports failed to regain momentum.

In value terms, pile and chenille fabric imports reduced slightly to $X in 2023. Overall, imports, however, continue to indicate a perceptible shrinkage. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2023, imports remained at a lower figure.

Imports by Country

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

From 2012 to 2023, the biggest increases were recorded for Denmark (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

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

Denmark, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main suppliers 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 2023, falling by X% against the previous year. In general, the import price showed a perceptible decline. The most prominent rate of growth was recorded in 2015 an increase of X%. The import price peaked at $X per ton in 2012; however, from 2013 to 2023, 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 France ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Turkey (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform