Bulgaria: Market for Footwear with Uppers of Textile Materials 2024

Market Size for Footwear with Uppers of Textile Materials in Bulgaria

The Bulgarian market for footwear with uppers of textile materials surged to $X in 2022, with an increase of 35% against the previous year. Over the period under review, consumption enjoyed a remarkable increase. Consumption of peaked in 2022 and is likely to see gradual growth in the near future.

Production of Footwear with Uppers of Textile Materials in Bulgaria

In value terms, production of footwear with uppers of textile materials surged to $X in 2022 estimated in export price. Overall, production saw a abrupt contraction. Over the period under review, production of reached the maximum level at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Exports of Footwear with Uppers of Textile Materials

Exports from Bulgaria

In 2022, the amount of footwear with uppers of textile materials exported from Bulgaria dropped rapidly to X pairs, declining by -43.5% on the previous year. Overall, exports recorded a deep setback. The growth pace was the most rapid in 2014 with an increase of 35% against the previous year. As a result, the exports attained the peak of X pairs. From 2015 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of footwear with uppers of textile materials shrank notably to $X in 2022. In general, exports continue to indicate a pronounced slump. The most prominent rate of growth was recorded in 2021 when exports increased by 28% against the previous year. Over the period under review, the exports of reached the peak figure at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Italy (X pairs) was the main destination for exports of footwear with uppers of textile materials from Bulgaria, accounting for a 44% share of total exports. Moreover, exports of footwear with uppers of textile materials to Italy exceeded the volume sent to the second major destination, Romania (X pairs), fivefold. Poland (X pairs) ranked third in terms of total exports with a 7.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Italy totaled -15.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (+11.8% per year) and Poland (+22.3% per year).

In value terms, the largest markets for footwear with uppers of textile materials exported from Bulgaria were Poland ($X), Italy ($X) and Romania ($X), together accounting for 65% of total exports. Germany, the Czech Republic, Greece, France, Serbia, Belgium, North Macedonia, Bosnia and Herzegovina and Russia lagged somewhat behind, together accounting for a further 22%.

Bosnia and Herzegovina, with a CAGR of +41.6%, recorded the highest growth rate of 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

The average export price for footwear with uppers of textile materials stood at $X per pair in 2022, picking up by 33% against the previous year. Over the period under review, the export price saw a buoyant expansion. The most prominent rate of growth was recorded in 2017 an increase of 47%. The export price peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($X per pair), while the average price for exports to Bosnia and Herzegovina ($X per pair) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+32.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Footwear with Uppers of Textile Materials

Imports into Bulgaria

In 2022, imports of footwear with uppers of textile materials into Bulgaria surged to X pairs, picking up by 37% compared with the year before. Overall, imports continue to indicate prominent growth. The pace of growth was the most pronounced in 2016 when imports increased by 41% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, imports of footwear with uppers of textile materials skyrocketed to $X in 2022. Over the period under review, imports saw a buoyant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 41%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2022, Turkey (X pairs) constituted the largest supplier of footwear with uppers of textile materials to Bulgaria, with a 43% share of total imports. Moreover, imports of footwear with uppers of textile materials from Turkey exceeded the figures recorded by the second-largest supplier, China (X pairs), twofold. The third position in this ranking was taken by Greece (X pairs), with a 7.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Turkey totaled +44.8%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+0.7% per year) and Greece (-0.3% per year).

In value terms, Poland ($X) constituted the largest supplier of footwear with uppers of textile materials to Bulgaria, comprising 26% of total imports. The second position in the ranking was taken by Romania ($X), with a 12% share of total imports. It was followed by Germany, with a 10% share.

From 2012 to 2022, the average annual growth rate of value from Poland amounted to +43.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Romania (+18.6% per year) and Germany (+24.8% per year).

Import Prices by Country

In 2022, the average import price for footwear with uppers of textile materials amounted to $X per pair, declining by -16% against the previous year. Overall, the import price, however, enjoyed strong growth. The pace of growth appeared the most rapid in 2020 an increase of 57% against the previous year. Over the period under review, average import prices hit record highs at $X per pair in 2021, and then fell rapidly in the following year.

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 Poland ($X per pair), while the price for Turkey ($X per pair) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+17.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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