Bulgaria: Market for Mattresses other than of cellular rubber or plastics 2024

Market Size for Mattresses other than of cellular rubber or plastics in Bulgaria

In 2022, the Bulgarian market for mattresses other than of cellular rubber or plastics increased by 586% to $X for the first time since 2018, thus ending a three-year declining trend. In general, consumption, however, recorded a sharp contraction. Consumption of peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Mattresses other than of cellular rubber or plastics in Bulgaria

In value terms, production of mattresses other than of cellular rubber or plastics reduced to $X in 2022 estimated in export price. In general, production showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of 19%. As a result, production attained the peak level of $X. From 2019 to 2022, production of growth failed to regain momentum.

Exports of Mattresses other than of cellular rubber or plastics

Exports from Bulgaria

After three years of growth, shipments abroad of mattresses other than of cellular rubber or plastics decreased by -8.5% to X units in 2022. Overall, exports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 282% against the previous year. As a result, the exports reached the peak of X units, and then declined in the following year.

In value terms, exports of mattresses other than of cellular rubber or plastics reduced rapidly to $X in 2022. Over the period under review, exports, however, continue to indicate significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 177%. As a result, the exports attained the peak of $X, and then dropped rapidly in the following year.

Exports by Country

The United States (X units) was the main destination for exports of mattresses other than of cellular rubber or plastics from Bulgaria, with a 36% share of total exports. Moreover, exports of mattresses other than of cellular rubber or plastics to the United States exceeded the volume sent to the second major destination, the Netherlands (X units), threefold. The third position in this ranking was taken by Germany (X units), with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States totaled +260.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+29.4% per year) and Germany (+41.7% per year).

In value terms, the United States ($X) remains the key foreign market for mattresses other than of cellular rubber or plastics exports from Bulgaria, comprising 36% of total exports. The second position in the ranking was held by the Netherlands ($X), with a 14% share of total exports. It was followed by Germany, with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States amounted to +212.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+16.6% per year) and Germany (+27.6% per year).

Export Prices by Country

The average export price for mattresses other than of cellular rubber or plastics stood at $X per unit in 2022, which is down by -48.2% against the previous year. Overall, the export price recorded a abrupt decrease. The most prominent rate of growth was recorded in 2018 when the average export price increased by 35% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2019 to 2022, the average export prices remained at a somewhat lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were the United States ($X per unit) and Greece ($X per unit), while the average price for exports to France ($X per unit) and the Netherlands ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (-0.6%), while the prices for the other major destinations experienced a decline.

Imports of Mattresses other than of cellular rubber or plastics

Imports into Bulgaria

In 2022, imports of mattresses other than of cellular rubber or plastics into Bulgaria fell markedly to X units, declining by -30.2% on 2021. Over the period under review, imports, however, saw strong growth. The most prominent rate of growth was recorded in 2014 when imports increased by 91%. Over the period under review, imports of attained the peak figure at X units in 2021, and then declined remarkably in the following year.

In value terms, imports of mattresses other than of cellular rubber or plastics reduced to $X in 2022. Overall, imports, however, posted a strong expansion. The growth pace was the most rapid in 2021 with an increase of 87%. As a result, imports reached the peak of $X, and then dropped in the following year.

Imports by Country

Turkey (X units), Romania (X units) and Poland (X units) were the main suppliers of imports of mattresses other than of cellular rubber or plastics to Bulgaria, together accounting for 80% of total imports. Croatia, Lithuania, Italy, Greece and Germany lagged somewhat behind, together accounting for a further 15%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Lithuania (with a CAGR of +74.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest mattresses other than of cellular rubber or plastics suppliers to Bulgaria were Turkey ($X), Romania ($X) and Poland ($X), with a combined 81% share of total imports. Croatia, Italy, Greece, Lithuania and Germany lagged somewhat behind, together comprising a further 13%.

In terms of the main suppliers, Lithuania, with a CAGR of +49.1%, saw the highest growth rate of 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 import price for mattresses other than of cellular rubber or plastics amounted to $X per unit, rising by 25% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2015 an increase of 41% against the previous year. Over the period under review, average import prices reached the maximum in 2022 and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Croatia (+0.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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