Bulgaria: Sewing Machine Furniture Market 2024

Sewing Machine Furniture Market Size in Bulgaria

In 2022, the Bulgarian sewing machine furniture market decreased by -30.7% to $X for the first time since 2019, thus ending a two-year rising trend. Over the period under review, consumption recorded a abrupt shrinkage. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

Sewing Machine Furniture Exports

Exports from Bulgaria

In 2022, approx. X tons of furniture, bases and covers for sewing machines were exported from Bulgaria; reducing by -28.9% compared with 2021 figures. In general, exports recorded a deep reduction. The most prominent rate of growth was recorded in 2014 when exports increased by 43% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, sewing machine furniture exports declined to $X in 2022. Over the period under review, exports showed a deep contraction. The most prominent rate of growth was recorded in 2014 with an increase of 23% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Germany (X tons) was the main destination for sewing machine furniture exports from Bulgaria, with a 70% share of total exports. Moreover, sewing machine furniture exports to Germany exceeded the volume sent to the second major destination, North Macedonia (X kg), sevenfold. The third position in this ranking was held by Hungary (X kg), with a 3.8% share.

From 2012 to 2022, the average annual growth rate of volume to Germany amounted to +45.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: North Macedonia (-14.6% per year) and Hungary (-23.1% per year).

In value terms, Germany ($X), North Macedonia ($X) and the United States ($X) constituted the largest markets for sewing machine furniture exported from Bulgaria worldwide, with a combined 69% share of total exports.

In terms of the main countries of destination, Germany, with a CAGR of +51.3%, recorded 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 sewing machine furniture export price amounted to $X per ton, growing by 24% against the previous year. Over the period under review, the export price, however, continues to indicate a slight setback. The pace of growth was the most pronounced in 2021 when the average export price increased by 70% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Ethiopia ($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 Italy (+28.0%), while the prices for the other major destinations experienced more modest paces of growth.

Sewing Machine Furniture Imports

Imports into Bulgaria

In 2022, overseas purchases of furniture, bases and covers for sewing machines decreased by -43.1% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, imports showed a abrupt downturn. The pace of growth was the most pronounced in 2014 when imports increased by 132%. As a result, imports reached the peak of X tons. From 2015 to 2022, the growth of imports remained at a lower figure.

In value terms, sewing machine furniture imports contracted rapidly to $X in 2022. Overall, imports recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2014 when imports increased by 52%. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a lower figure.

Imports by Country

China (X tons), Turkey (X tons) and the Netherlands (X tons) were the main suppliers of sewing machine furniture imports to Bulgaria, with a combined 77% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of +11.9%), while purchases for the other leaders experienced a decline.

In value terms, the largest sewing machine furniture suppliers to Bulgaria were China ($X), Germany ($X) and Italy ($X), together comprising 51% of total imports. Poland, Taiwan (Chinese), Turkey and the Netherlands lagged somewhat behind, together comprising a further 30%.

Turkey, with a CAGR of -1.4%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2022, the average sewing machine furniture import price amounted to $X per ton, jumping by 48% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 an increase of 69% against the previous year. As a result, import price reached the peak level of $X per ton. From 2016 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+5.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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