Bulgaria: Market for Manicure Or Pedicure Preparations 2024

Market Size for Manicure Or Pedicure Preparations in Bulgaria

The Bulgarian manicure or pedicure preparations market contracted rapidly to $X in 2022, waning by -33.4% against the previous year. Over the period under review, consumption saw a noticeable slump. Manicure or pedicure preparations consumption peaked at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Production of Manicure Or Pedicure Preparations in Bulgaria

In value terms, manicure or pedicure preparations production contracted notably to $X in 2022 estimated in export price. Over the period under review, the total production indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +24.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the production volume increased by 49%. Manicure or pedicure preparations production peaked at $X in 2016; however, from 2017 to 2022, production failed to regain momentum.

Exports of Manicure Or Pedicure Preparations

Exports from Bulgaria

In 2022, exports of manicure or pedicure preparations from Bulgaria soared to X tons, with an increase of 19% on the year before. The total export volume increased at an average annual rate of +3.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 34%. Over the period under review, the exports attained the maximum in 2022 and are likely to see steady growth in the immediate term.

In value terms, manicure or pedicure preparations exports stood at $X in 2022. In general, total exports indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +8.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +34.3% against 2016 indices. The most prominent rate of growth was recorded in 2021 with an increase of 32%. The exports peaked in 2022 and are likely to continue growth in the near future.

Exports by Country

Saudi Arabia (X tons), Greece (X tons) and Azerbaijan (X tons) were the main destinations of manicure or pedicure preparations exports from Bulgaria, together comprising 70% 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 Saudi Arabia (with a CAGR of +114.2%), while the other leaders experienced more modest paces of growth.

In value terms, Saudi Arabia ($X), Greece ($X) and Azerbaijan ($X) were the largest markets for manicure or pedicure preparations exported from Bulgaria worldwide, with a combined 70% share of total exports.

Saudi Arabia, with a CAGR of +148.4%, saw the highest growth rate of the value of exports, in terms of 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 manicure or pedicure preparations export price amounted to $X per ton, shrinking by -14.7% against the previous year. In general, export price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, manicure or pedicure preparations export price decreased by -16.1% against 2020 indices. The growth pace was the most rapid in 2020 when the average export price increased by 36%. As a result, the export price attained the peak level of $X per ton. From 2021 to 2022, the average export prices failed to regain momentum.

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 Romania ($X per ton), while the average price for exports to Azerbaijan ($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 Saudi Arabia (+16.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Manicure Or Pedicure Preparations

Imports into Bulgaria

In 2022, purchases abroad of manicure or pedicure preparations increased by 3.4% to X tons, rising for the third consecutive year after three years of decline. The total import volume increased at an average annual rate of +2.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2016 when imports increased by 26% against the previous year. As a result, imports attained the peak of X tons. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, manicure or pedicure preparations imports rose slightly to $X in 2022. The total import value increased at an average annual rate of +3.7% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2016 with an increase of 24% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

China (X tons), Turkey (X tons) and Luxembourg (X tons) were the main suppliers of manicure or pedicure preparations imports to Bulgaria, with a combined 43% share of total imports. France, Hungary, Germany, Poland, Italy, Ukraine, Romania, Croatia, Serbia and Spain lagged somewhat behind, together accounting for a further 51%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Croatia (with a CAGR of +87.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Ukraine ($X) and Hungary ($X) were the largest manicure or pedicure preparations suppliers to Bulgaria, together comprising 40% of total imports. Turkey, France, Germany, Poland, Luxembourg, Croatia, Romania, Italy, Serbia and Spain lagged somewhat behind, together comprising a further 45%.

Croatia, with a CAGR of +89.5%, 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 more modest paces of growth.

Import Prices by Country

The average manicure or pedicure preparations import price stood at $X per ton in 2022, remaining constant against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.7%. The growth pace was the most rapid in 2018 an increase of 33%. As a result, import price attained the peak level of $X per ton. From 2019 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 Ukraine ($X per ton), while the price for Luxembourg ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+15.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :