Bulgaria: Table-Tennis Equipment Market 2024

Table-Tennis Equipment Market Size in Bulgaria

In 2022, after three years of growth, there was significant decline in the Bulgarian table-tennis equipment market, when its value decreased by -14.8% to $X. In general, consumption continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Table-Tennis Equipment Exports

Exports from Bulgaria

Table-tennis equipment exports from Bulgaria expanded significantly to X tons in 2022, rising by 5.7% against the previous year's figure. Over the period under review, exports posted a notable expansion. The most prominent rate of growth was recorded in 2018 with an increase of 380%. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, table-tennis equipment exports skyrocketed to $X in 2022. In general, exports posted a measured expansion. The most prominent rate of growth was recorded in 2018 when exports increased by 284% against the previous year. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Georgia (X tons), Serbia (X tons) and Greece (X kg) were the main destinations of table-tennis equipment exports from Bulgaria, together comprising 84% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Georgia (with a CAGR of +54.2%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for table-tennis equipment exported from Bulgaria were the United States ($X), Serbia ($X) and Georgia ($X), with a combined 80% share of total exports.

Among the main countries of destination, Georgia, with a CAGR of +32.5%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average table-tennis equipment export price amounted to $X per ton, increasing by 22% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of 159% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

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 the United States ($X per ton), while the average price for exports to Greece ($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 Moldova (+54.7%), while the prices for the other major destinations experienced more modest paces of growth.

Table-Tennis Equipment Imports

Imports into Bulgaria

In 2022, approx. X tons of articles and equipment for table-tennis were imported into Bulgaria; falling by -16.7% compared with the year before. In general, imports continue to indicate a noticeable setback. The pace of growth was the most pronounced in 2017 when imports increased by 20% against the previous year. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, table-tennis equipment imports dropped to $X in 2022. Over the period under review, total imports indicated a mild increase from 2012 to 2022: its value increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +25.7% against 2016 indices. The most prominent rate of growth was recorded in 2013 when imports increased by 59%. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Romania (X tons) constituted the largest supplier of table-tennis equipment to Bulgaria, accounting for a 61% share of total imports. Moreover, table-tennis equipment imports from Romania exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. The third position in this ranking was taken by Germany (X tons), with an 8.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Romania totaled +146.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-7.8% per year) and Germany (-22.6% per year).

In value terms, Romania ($X) constituted the largest supplier of articles and equipment for table-tennis to Bulgaria, comprising 63% of total imports. The second position in the ranking was taken by China ($X), with a 13% share of total imports. It was followed by Hong Kong SAR, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Romania stood at +106.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-7.0% per year) and Hong Kong SAR (+18.1% per year).

Import Prices by Country

The average table-tennis equipment import price stood at $X per ton in 2022, picking up by 4.8% against the previous year. In general, import price indicated prominent growth from 2012 to 2022: its price increased at an average annual rate of +6.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, table-tennis equipment import price increased by +32.8% against 2020 indices. The growth pace was the most rapid in 2014 an increase of 44% against the previous year. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the average 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 Hong Kong SAR ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (+5.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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