Bulgaria: Leather Sports Gloves Market 2024

Leather Sports Gloves Market Size in Bulgaria

In 2022, after four years of growth, there was significant decline in the Bulgarian leather sports gloves market, when its value decreased by -32.9% to $X. Overall, consumption, however, recorded a resilient expansion. Over the period under review, the market attained the maximum level at $X in 2021, and then shrank sharply in the following year.

Leather Sports Gloves Exports

Exports from Bulgaria

In 2022, the amount of leather sports gloves, mittens and mitts exported from Bulgaria soared to X units, rising by 121% against the previous year. Over the period under review, exports, however, continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2020 when exports increased by 4,261% against the previous year. As a result, the exports attained the peak of X units. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, leather sports gloves exports skyrocketed to $X in 2022. Overall, exports, however, continue to indicate a noticeable descent. The pace of growth appeared the most rapid in 2020 when exports increased by 370%. As a result, the exports attained the peak of $X. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Romania (X units), Serbia (X units) and Greece (X units) were the main destinations of leather sports gloves exports from Bulgaria, with a combined 80% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Romania (with a CAGR of +26.0%), while the other leaders experienced mixed trend patterns.

In value terms, Romania ($X), Greece ($X) and Serbia ($X) were the largest markets for leather sports gloves exported from Bulgaria worldwide, with a combined 71% share of total exports.

Romania, with a CAGR of +20.8%, recorded the highest rates of growth with regard to 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 2022, the average leather sports gloves export price amounted to $X per unit, waning by -5.1% against the previous year. Over the period under review, the export price, however, recorded a perceptible increase. The pace of growth appeared the most rapid in 2021 an increase of 3,288%. As a result, the export price reached the peak level of $X per unit, and then contracted in the following year.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Greece ($X per unit), while the average price for exports to Serbia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Estonia (+14.8%), while the prices for the other major destinations experienced more modest paces of growth.

Leather Sports Gloves Imports

Imports into Bulgaria

After four years of growth, supplies from abroad of leather sports gloves, mittens and mitts decreased by -48.1% to X units in 2022. Over the period under review, imports, however, continue to indicate a remarkable increase. The growth pace was the most rapid in 2019 when imports increased by 221%. Over the period under review, imports reached the maximum at X units in 2021, and then dropped remarkably in the following year.

In value terms, leather sports gloves imports amounted to $X in 2022. Overall, imports, however, recorded measured growth. The growth pace was the most rapid in 2019 when imports increased by 102% against the previous year. Over the period under review, imports attained the maximum at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Germany (X units) constituted the largest leather sports gloves supplier to Bulgaria, with a 67% share of total imports. Moreover, leather sports gloves imports from Germany exceeded the figures recorded by the second-largest supplier, Pakistan (X units), fourfold. France (X units) ranked third in terms of total imports with a 3% share.

From 2012 to 2022, the average annual growth rate of volume from Germany amounted to +55.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Pakistan (-4.8% per year) and France (+24.2% per year).

In value terms, Germany ($X), Pakistan ($X) and Italy ($X) appeared to be the largest leather sports gloves suppliers to Bulgaria, with a combined 63% share of total imports. France, Poland, Hungary and China lagged somewhat behind, together comprising a further 18%.

Poland, with a CAGR of +67.6%, recorded 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 more modest paces of growth.

Import Prices by Country

The average leather sports gloves import price stood at $X per unit in 2022, surging by 99% against the previous year. Overall, the import price, however, continues to indicate a noticeable downturn. Over the period under review, average import prices attained the peak figure at $X per unit in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

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 Italy ($X per unit), while the price for Germany ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+22.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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