Bulgaria: Textile Relling Machine Market 2024

Textile Relling Machine Market Size in Bulgaria

The Bulgarian textile relling machine market reduced dramatically to $X in 2021, waning by -46.4% 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, consumption showed a perceptible decline. Textile relling machine consumption peaked at $X in 2016; however, from 2017 to 2021, consumption remained at a lower figure.

Textile Relling Machine Exports

Exports from Bulgaria

For the third year in a row, Bulgaria recorded decline in shipments abroad of machines for reeling, unreeling or textile fabrics, which decreased by -32.2% to X units in 2021. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when exports increased by 365%. Over the period under review, the exports attained the maximum at X units in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, textile relling machine exports contracted markedly to $X in 2021. In general, exports recorded a abrupt contraction. The pace of growth was the most pronounced in 2013 with an increase of 208% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Serbia (X units) was the main destination for textile relling machine exports from Bulgaria, with a 65% share of total exports. Moreover, textile relling machine exports to Serbia exceeded the volume sent to the second major destination, Romania (X units), threefold. North Macedonia (X units) ranked third in terms of total exports with an 8.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Serbia amounted to +55.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (-12.9% per year) and North Macedonia (+2.7% per year).

In value terms, Serbia ($X) emerged as the key foreign market for machines for reeling, unreeling or textile fabrics exports from Bulgaria, comprising 66% of total exports. The second position in the ranking was held by Romania ($X), with a 14% share of total exports. It was followed by Italy, with a 12% share.

From 2012 to 2021, the average annual growth rate of value to Serbia amounted to +128.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (-26.5% per year) and Italy (+56.2% per year).

Export Prices by Country

In 2021, the average textile relling machine export price amounted to $X per unit, picking up by 15% against the previous year. In general, the export price, however, continues to indicate a abrupt setback. Over the period under review, the average export prices attained the maximum at $X per unit in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($X per unit), while the average price for exports to North Macedonia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (-1.4%), while the prices for the other major destinations experienced a decline.

Textile Relling Machine Imports

Imports into Bulgaria

In 2021, the amount of machines for reeling, unreeling or textile fabrics imported into Bulgaria fell remarkably to X units, declining by -43.9% on the previous year's figure. Overall, imports recorded a perceptible descent. The pace of growth appeared the most rapid in 2015 when imports increased by 74% against the previous year. Over the period under review, imports hit record highs at X units in 2016; however, from 2017 to 2021, imports remained at a lower figure.

In value terms, textile relling machine imports fell notably to $X in 2021. Over the period under review, imports showed a perceptible contraction. The growth pace was the most rapid in 2015 with an increase of 47%. Over the period under review, imports hit record highs at $X in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X units) constituted the largest textile relling machine supplier to Bulgaria, accounting for a 45% share of total imports. Moreover, textile relling machine imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X units), twofold. Italy (X units) ranked third in terms of total imports with a 16% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +5.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (-0.3% per year) and Italy (+1.5% per year).

In value terms, China ($X), Italy ($X) and Turkey ($X) were the largest textile relling machine suppliers to Bulgaria, together accounting for 76% of total imports. Germany, Egypt, the Netherlands and Ukraine lagged somewhat behind, together accounting for a further 17%.

In terms of the main suppliers, Egypt, with a CAGR of +101.6%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average textile relling machine import price stood at $X per unit in 2021, dropping by -2.7% against the previous year. Overall, the import price continues to indicate a slight downturn. The pace of growth appeared the most rapid in 2014 an increase of 14% against the previous year. As a result, import price attained the peak level of $X per unit. From 2015 to 2021, the average import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+5.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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