Bulgaria: Market for Blankets And Travelling Rugs Of Synthetic Fibres 2025

Market Size for Blankets And Travelling Rugs Of Synthetic Fibres in Bulgaria

The Bulgarian market for blankets and travelling rugs of synthetic fibres shrank rapidly to $X in 2022, which is down by -16% against the previous year. Over the period under review, the total consumption indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +9.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Travelling rugs of synthetic fibre consumption peaked at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Production of Blankets And Travelling Rugs Of Synthetic Fibres in Bulgaria

In value terms, travelling rugs of synthetic fibre production contracted to $X in 2022 estimated in export price. Overall, production continues to indicate a noticeable curtailment. The pace of growth appeared the most rapid in 2018 with an increase of 155%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Blankets And Travelling Rugs Of Synthetic Fibres

Exports from Bulgaria

For the fifth consecutive year, Bulgaria recorded growth in overseas shipments of blankets and travelling rugs of synthetic fibres, which increased by 84% to X units in 2022. Over the period under review, exports saw a significant expansion. The pace of growth appeared the most rapid in 2019 when exports increased by 394%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in years to come.

In value terms, travelling rugs of synthetic fibre exports soared to $X in 2022. Overall, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2019 with an increase of 405% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in years to come.

Exports by Country

Romania (X units) was the main destination for travelling rugs of synthetic fibre exports from Bulgaria, accounting for a 36% share of total exports. Moreover, travelling rugs of synthetic fibre exports to Romania exceeded the volume sent to the second major destination, Greece (X units), threefold. Ukraine (X units) ranked third in terms of total exports with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Romania totaled +63.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Greece (+72.9% per year) and Ukraine (+95.5% per year).

In value terms, Romania ($X) remains the key foreign market for blankets and travelling rugs of synthetic fibres exports from Bulgaria, comprising 32% of total exports. The second position in the ranking was taken by Greece ($X), with a 12% share of total exports. It was followed by Serbia, with a 7.5% share.

From 2012 to 2022, the average annual growth rate of value to Romania stood at +53.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Greece (+61.3% per year) and Serbia (+22.7% per year).

Export Prices by Country

In 2022, the average export price for blankets and travelling rugs of synthetic fibres amounted to $X per unit, increasing by 4.3% against the previous year. Over the period under review, the export price, however, saw a noticeable shrinkage. The growth pace was the most rapid in 2014 when the average export price increased by 33%. As a result, the export price reached the peak level of $X per unit. From 2015 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to Hungary ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+26.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Blankets And Travelling Rugs Of Synthetic Fibres

Imports into Bulgaria

For the fifth consecutive year, Bulgaria recorded growth in overseas purchases of blankets and travelling rugs of synthetic fibres, which increased by 26% to X units in 2022. In general, imports posted a significant expansion. The most prominent rate of growth was recorded in 2013 with an increase of 120% against the previous year. Imports peaked in 2022 and are likely to continue growth in years to come.

In value terms, travelling rugs of synthetic fibre imports surged to $X in 2022. Overall, imports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2013 when imports increased by 138% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

Imports by Country

China (X units), Turkey (X units) and Hungary (X units) were the main suppliers of travelling rugs of synthetic fibre imports to Bulgaria, together accounting for 83% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Hungary (with a CAGR of +72.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of blankets and travelling rugs of synthetic fibres to Bulgaria, comprising 41% of total imports. The second position in the ranking was taken by Turkey ($X), with an 18% share of total imports. It was followed by Hungary, with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +34.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+42.2% per year) and Hungary (+58.3% per year).

Import Prices by Country

The average import price for blankets and travelling rugs of synthetic fibres stood at $X per unit in 2022, surging by 2.6% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 26%. Over the period under review, average import prices reached the maximum at $X per unit in 2014; however, from 2015 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 Germany ($X per unit), while the price for Turkey ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+6.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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