Bulgaria: Non-Knitted Men Apparel Market 2024

Non-Knitted Men Apparel Market Size in Bulgaria

The Bulgarian non-knitted men apparel market surged to $X in 2022, growing by 31% against the previous year. In general, the total consumption indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +119.7% against 2017 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Non-Knitted Men Apparel Production in Bulgaria

In value terms, non-knitted men apparel production fell markedly to $X in 2022 estimated in export price. Over the period under review, the total production indicated a slight increase from 2012 to 2022: its value increased at an average annual rate of +1.0% 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 +29.9% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 60% against the previous year. As a result, production attained the peak level of $X, and then dropped dramatically in the following year.

Non-Knitted Men Apparel Exports

Exports from Bulgaria

In 2022, after two years of decline, there was growth in shipments abroad of men's or boys' clothing (not knitted or crocheted), when their volume increased by 4.9% to X units. Overall, exports, however, continue to indicate a mild contraction. The most prominent rate of growth was recorded in 2015 with an increase of 50% against the previous year. The exports peaked at X units in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, non-knitted men apparel exports expanded modestly to $X in 2022. Over the period under review, exports, however, saw a drastic downturn. The most prominent rate of growth was recorded in 2014 with an increase of 11% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

Germany (X units) was the main destination for non-knitted men apparel exports from Bulgaria, accounting for a 30% share of total exports. Moreover, non-knitted men apparel exports to Germany exceeded the volume sent to the second major destination, Romania (X units), threefold. The third position in this ranking was held by Italy (X units), with a 9.2% share.

From 2012 to 2022, the average annual growth rate of volume to Germany stood at -1.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (-2.4% per year) and Italy (-3.5% per year).

In value terms, Germany ($X), Italy ($X) and France ($X) constituted the largest markets for non-knitted men apparel exported from Bulgaria worldwide, together comprising 53% of total exports. Sweden, Romania, Austria, Greece, Turkey, the Netherlands, Spain, Belgium, Poland and the Czech Republic lagged somewhat behind, together comprising a further 31%.

Sweden, with a CAGR of +32.3%, saw 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 non-knitted men apparel export price amounted to $X per unit, flattening at the previous year. In general, the export price continues to indicate a abrupt descent. The growth pace was the most rapid in 2014 when the average export price increased by 18% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2015 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Sweden ($X per unit), while the average price for exports to Turkey ($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 Belgium (+2.1%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Knitted Men Apparel Imports

Imports into Bulgaria

In 2022, the amount of men's or boys' clothing (not knitted or crocheted) imported into Bulgaria skyrocketed to X units, increasing by 29% compared with 2021. Overall, total imports indicated a measured increase from 2012 to 2022: its volume increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +44.1% against 2020 indices. The pace of growth appeared the most rapid in 2016 with an increase of 63% against the previous year. As a result, imports attained the peak of X units. From 2017 to 2022, the growth of imports remained at a lower figure.

In value terms, non-knitted men apparel imports skyrocketed to $X in 2022. In general, total imports indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +6.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +54.1% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Turkey (X units), Poland (X units) and China (X units) were the main suppliers of non-knitted men apparel imports to Bulgaria, with a combined 51% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +41.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest non-knitted men apparel suppliers to Bulgaria were Turkey ($X), Poland ($X) and Germany ($X), with a combined 40% share of total imports.

Poland, with a CAGR of +37.8%, 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 non-knitted men apparel import price stood at $X per unit in 2022, approximately equating the previous year. Overall, import price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, non-knitted men apparel import price increased by +79.4% against 2016 indices. The most prominent rate of growth was recorded in 2020 when the average import price increased by 37%. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain growth in the near future.

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 ($X per unit), while the price for Greece ($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 (+6.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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