Bulgaria: Carpet Market 2024

Carpet Market Size in Bulgaria

The Bulgarian carpet market amounted to $X in 2022, picking up by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the maximum level in 2022 and is likely to see steady growth in years to come.

Carpet Production in Bulgaria

In value terms, carpet production stood at $X in 2022 estimated in export price. In general, production recorded a mild shrinkage. The most prominent rate of growth was recorded in 2016 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2017 to 2022, production growth failed to regain momentum.

Carpet Exports

Exports from Bulgaria

Carpet exports from Bulgaria shrank rapidly to X square meters in 2022, with a decrease of X% compared with the previous year. In general, exports, however, posted a resilient increase. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. As a result, the exports reached the peak of X square meters, and then fell rapidly in the following year.

In value terms, carpet exports dropped markedly to $X in 2022. Overall, exports, however, continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, the exports attained the peak of $X, and then declined notably in the following year.

Exports by Country

Saudi Arabia (X square meters) was the main destination for carpet exports from Bulgaria, accounting for a X% share of total exports. Moreover, carpet exports to Saudi Arabia exceeded the volume sent to the second major destination, Morocco (X square meters), twofold. The third position in this ranking was taken by Egypt (X square meters), with a X% share.

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

In value terms, Saudi Arabia ($X) remains the key foreign market for carpets and other textile floor coverings exports from Bulgaria, comprising X% of total exports. The second position in the ranking was taken by Morocco ($X), with a X% share of total exports. It was followed by Romania, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Saudi Arabia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Morocco (X% per year) and Romania (X% per year).

Export Prices by Country

The average carpet export price stood at $X per square meter in 2022, standing approx. at the previous year. In general, the export price, however, showed a perceptible decrease. The growth pace was the most rapid in 2016 an increase of X%. The export price peaked at $X per square meter in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per square meter), while the average price for exports to Egypt ($X per square meter) was amongst the lowest.

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

Carpet Imports

Imports into Bulgaria

In 2022, the amount of carpets and other textile floor coverings imported into Bulgaria fell dramatically to X square meters, dropping by X% against the year before. In general, imports, however, continue to indicate resilient growth. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of X square meters, and then dropped sharply in the following year.

In value terms, carpet imports declined remarkably to $X in 2022. Over the period under review, imports, however, posted a strong increase. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of $X, and then contracted markedly in the following year.

Imports by Country

In 2022, Turkey (X square meters) constituted the largest carpet supplier to Bulgaria, with a X% share of total imports. Moreover, carpet imports from Turkey exceeded the figures recorded by the second-largest supplier, India (X square meters), more than tenfold. Belgium (X square meters) ranked third in terms of total imports with a X% share.

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

In value terms, Turkey ($X) constituted the largest supplier of carpets and other textile floor coverings to Bulgaria, comprising X% of total imports. The second position in the ranking was held by Belgium ($X), with a X% share of total imports. It was followed by India, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Turkey amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (X% per year) and India (X% per year).

Import Prices by Country

In 2022, the average carpet import price amounted to $X per square meter, surging by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2020 an increase of X% against the previous year. The import price peaked in 2022 and is likely to see steady growth in years to come.

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 Belgium ($X per square meter), while the price for India ($X per square meter) was amongst the lowest.

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

Source: IndexBox Platform

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