Bulgaria: Knife And Scissors Market 2024

Knife And Scissors Market Size in Bulgaria

The Bulgarian knife and scissors market soared to $X in 2021, jumping by 15% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, the total consumption indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +7.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +8.5% against 2018 indices. Over the period under review, the market attained the maximum level in 2021 and is likely to continue growth in the immediate term.

Knife And Scissors Exports

Exports from Bulgaria

Knife and scissors exports from Bulgaria skyrocketed to X tons in 2021, growing by 78% compared with the previous year's figure. Over the period under review, exports showed a buoyant increase. The pace of growth was the most pronounced in 2019 when exports increased by 85% against the previous year. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the immediate term.

In value terms, knife and scissors exports soared to $X in 2021. Overall, exports enjoyed a strong increase. The most prominent rate of growth was recorded in 2013 with an increase of 53% against the previous year. The exports peaked in 2021 and are expected to retain growth in the near future.

Exports by Country

Greece (X tons), Turkey (X tons) and Romania (X tons) were the main destinations of knife and scissors exports from Bulgaria, with a combined 78% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Greece (with a CAGR of +76.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for knife and scissors exported from Bulgaria were Israel ($X), Greece ($X) and Romania ($X), together comprising 69% of total exports.

Israel, with a CAGR of +81.7%, 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

In 2021, the average knife and scissors export price amounted to $X per ton, falling by -28.1% against the previous year. Overall, the export price saw a pronounced contraction. The most prominent rate of growth was recorded in 2014 an increase of 55%. As a result, the export price reached the peak level of $X per ton. From 2015 to 2021, the average 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 Israel ($X per ton), while the average price for exports to San Marino ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Israel (+13.9%), while the prices for the other major destinations experienced a decline.

Knife And Scissors Imports

Imports into Bulgaria

In 2021, the amount of knives, scissors and blades imported into Bulgaria dropped slightly to X tons, reducing by -3.2% on 2020 figures. In general, imports, however, enjoyed prominent growth. The pace of growth was the most pronounced in 2016 with an increase of 26% against the previous year. Over the period under review, imports reached the maximum at X tons in 2020, and then shrank modestly in the following year.

In value terms, knife and scissors imports soared to $X in 2021. Over the period under review, total imports indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +9.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 with an increase of 37%. Imports peaked in 2021 and are likely to continue growth in the near future.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of knife and scissors to Bulgaria, accounting for a 45% share of total imports. Moreover, knife and scissors imports from China exceeded the figures recorded by the second-largest supplier, Germany (X tons), fourfold. Greece (X tons) ranked third in terms of total imports with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +5.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+10.3% per year) and Greece (+23.7% per year).

In value terms, China ($X), Germany ($X) and Slovenia ($X) appeared to be the largest knife and scissors suppliers to Bulgaria, with a combined 51% share of total imports.

Slovenia, with a CAGR of +62.6%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average knife and scissors import price stood at $X per ton in 2021, increasing by 38% against the previous year. In general, the import price saw a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Greece ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+9.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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