Bulgaria: Cotton Lint Market 2025

Cotton Lint Market Size in Bulgaria

The Bulgarian cotton lint market fell dramatically to $X in 2022, which is down by -23.5% against the previous year. Over the period under review, consumption, however, posted buoyant growth. Over the period under review, the market reached the peak level at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Cotton Lint Production in Bulgaria

In value terms, cotton lint production fell rapidly to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a significant expansion. The most prominent rate of growth was recorded in 2019 with an increase of 280% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2022, production growth remained at a lower figure.

The average yield of cotton lint in Bulgaria dropped modestly to X tons per ha in 2022, reducing by -2.1% against 2021. Over the period under review, the yield, however, saw significant growth. The most prominent rate of growth was recorded in 2015 with an increase of 457% against the previous year. Over the period under review, the average cotton lint yield hit record highs at X tons per ha in 2017; however, from 2018 to 2022, the yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the harvested area of cotton lint in Bulgaria shrank modestly to X ha, waning by -3.3% compared with the previous year. Over the period under review, the harvested area faced a abrupt contraction. The pace of growth appeared the most rapid in 2014 with an increase of 22% against the previous year. Over the period under review, the harvested area dedicated to cotton lint production attained the maximum at X ha in 2012; however, from 2013 to 2022, the harvested area stood at a somewhat lower figure.

Cotton Lint Exports

Exports from Bulgaria

In 2022, the amount of cotton lint exported from Bulgaria dropped dramatically to X tons, shrinking by -65.7% compared with the previous year's figure. Over the period under review, exports recorded a sharp slump. The pace of growth appeared the most rapid in 2015 with an increase of 4,130% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, cotton lint exports declined remarkably to $X in 2022. In general, exports showed a precipitous decrease. The most prominent rate of growth was recorded in 2015 when exports increased by 2,272%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Greece (X tons) was the main destination for cotton lint exports from Bulgaria, with a approx. 99% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Greece stood at +32.2%.

In value terms, Greece ($X) also remains the key foreign market for cotton lint exports from Bulgaria.

From 2012 to 2022, the average annual growth rate of value to Greece amounted to +32.4%.

Export Prices by Country

The average cotton lint export price stood at $X per ton in 2022, with an increase of 11% against the previous year. In general, the export price posted a strong increase. The most prominent rate of growth was recorded in 2014 an increase of 142%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2022, the average export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Greece.

From 2012 to 2022, the rate of growth in terms of prices for North Macedonia amounted to +9.1% per year.

Cotton Lint Imports

Imports into Bulgaria

In 2022, overseas purchases of cotton lint decreased by -27.7% to X tons, falling for the sixth consecutive year after five years of growth. In general, imports saw a abrupt slump. The most prominent rate of growth was recorded in 2016 when imports increased by 32% against the previous year. As a result, imports attained the peak of X tons. From 2017 to 2022, the growth of imports failed to regain momentum.

In value terms, cotton lint imports declined to $X in 2022. Over the period under review, imports showed a deep contraction. The most prominent rate of growth was recorded in 2016 when imports increased by 40%. Imports peaked at $X in 2017; however, from 2018 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Turkey (X tons) constituted the largest cotton lint supplier to Bulgaria, accounting for a 69% share of total imports. Moreover, cotton lint imports from Turkey exceeded the figures recorded by the second-largest supplier, Greece (X tons), twofold.

From 2012 to 2022, the average annual growth rate of volume from Turkey amounted to +14.8%.

In value terms, Turkey ($X) constituted the largest supplier of cotton lint to Bulgaria, comprising 68% of total imports. The second position in the ranking was held by Greece ($X), with a 32% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Turkey stood at +16.9%.

Import Prices by Country

In 2022, the average cotton lint import price amounted to $X per ton, surging by 21% against the previous year. In general, import price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cotton lint import price increased by +62.0% against 2019 indices. The most prominent rate of growth was recorded in 2021 an increase of 25% against the previous year. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Greece ($X per ton), while the price for Turkey stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Greece (+4.4%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :