Bulgaria: Market for Manicure Or Pedicure Sets And Instruments 2024

Market Size for Manicure Or Pedicure Sets And Instruments in Bulgaria

The Bulgarian manicure or pedicure sets market surged to $X in 2022, jumping by 20% 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 enjoyed strong growth. Over the period under review, the market reached the maximum level in 2022 and is likely to see steady growth in the near future.

Exports of Manicure Or Pedicure Sets And Instruments

Exports from Bulgaria

In 2022, shipments abroad of manicure or pedicure sets and instruments decreased by -35.5% to X units for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports, however, continue to indicate a significant increase. The pace of growth appeared the most rapid in 2013 with an increase of 1,084% against the previous year. Over the period under review, the exports hit record highs at X units in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, manicure or pedicure sets exports declined markedly to $X in 2022. In general, exports, however, saw significant growth. The pace of growth appeared the most rapid in 2013 when exports increased by 663% against the previous year. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

Exports by Country

Serbia (X units), Romania (X units) and Greece (X units) were the main destinations of manicure or pedicure sets exports from Bulgaria, together comprising 37% of total exports. Montenegro, Iran, Italy, Spain, Bosnia and Herzegovina, Armenia, Georgia, North Macedonia and Hungary lagged somewhat behind, together comprising a further 49%.

From 2012 to 2022, the biggest increases were recorded for Montenegro (with a CAGR of +2,287.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Greece ($X), Serbia ($X) and Iran ($X) appeared to be the largest markets for manicure or pedicure sets exported from Bulgaria worldwide, with a combined 43% share of total exports. Romania, Italy, Spain, Armenia, North Macedonia, Bosnia and Herzegovina, Georgia, Montenegro and Hungary lagged somewhat behind, together comprising a further 43%.

Among the main countries of destination, Montenegro, with a CAGR of +331.0%, recorded the highest growth rate of 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 manicure or pedicure sets export price amounted to $X per unit, reducing by -23.4% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2015 when the average export price increased by 102%. Over the period under review, the average export prices hit record highs at $X per unit in 2017; however, from 2018 to 2022, the 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 Greece ($X per unit), while the average price for exports to Montenegro ($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 Iran (+58.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Manicure Or Pedicure Sets And Instruments

Imports into Bulgaria

In 2022, the amount of manicure or pedicure sets and instruments imported into Bulgaria skyrocketed to X units, surging by 30% on 2021 figures. Over the period under review, imports enjoyed a buoyant increase. The pace of growth was the most pronounced in 2016 when imports increased by 99% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the near future.

In value terms, manicure or pedicure sets imports rose rapidly to $X in 2022. Overall, imports continue to indicate a buoyant expansion. The pace of growth was the most pronounced in 2016 when imports increased by 99% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to see gradual growth in years to come.

Imports by Country

In 2022, China (X units) constituted the largest manicure or pedicure sets supplier to Bulgaria, accounting for a 57% share of total imports. Moreover, manicure or pedicure sets imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), fourfold. The third position in this ranking was held by Hungary (X units), with a 5.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +15.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+11.3% per year) and Hungary (+23.7% per year).

In value terms, Germany ($X), China ($X) and Hungary ($X) constituted the largest manicure or pedicure sets suppliers to Bulgaria, with a combined 54% share of total imports. Pakistan, South Korea, Poland, Slovakia and Romania lagged somewhat behind, together comprising a further 27%.

In terms of the main suppliers, Slovakia, with a CAGR of +30.1%, recorded 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

In 2022, the average manicure or pedicure sets import price amounted to $X per unit, with a decrease of -17.9% against the previous year. Overall, the import price showed a noticeable contraction. The most prominent rate of growth was recorded in 2015 when the average import price increased by 32% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (+5.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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