Bulgaria: Metal Office Furniture Market 2024

Metal Office Furniture Market Size in Bulgaria

In 2022, the Bulgarian metal office furniture market increased by 7.4% to $X, rising for the second year in a row after two years of decline. In general, consumption, however, posted a prominent increase. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Metal Office Furniture Production in Bulgaria

In value terms, metal office furniture production surged to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a resilient expansion. The most prominent rate of growth was recorded in 2013 when the production volume increased by 83% against the previous year. Metal office furniture production peaked in 2022 and is likely to see gradual growth in the immediate term.

Metal Office Furniture Exports

Exports from Bulgaria

In 2022, overseas shipments of metal office furniture increased by 16% to X tons, rising for the fifth consecutive year after five years of decline. Over the period under review, exports recorded a buoyant expansion. The growth pace was the most rapid in 2021 when exports increased by 132%. The exports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, metal office furniture exports skyrocketed to $X in 2022. In general, exports saw buoyant growth. The pace of growth was the most pronounced in 2021 with an increase of 132%. The exports peaked in 2022 and are likely to see gradual growth in years to come.

Exports by Country

Romania (X tons), Greece (X tons) and Serbia (X tons) were the main destinations of metal office furniture exports from Bulgaria, together comprising 53% of total exports. Belgium, Bosnia and Herzegovina, Luxembourg, France, North Macedonia and Italy lagged somewhat behind, together accounting for a further 28%.

From 2012 to 2022, the biggest increases were recorded for Bosnia and Herzegovina (with a CAGR of +311.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for metal office furniture exported from Bulgaria were Belgium ($X), Greece ($X) and Romania ($X), together accounting for 56% of total exports. Luxembourg, Serbia, France, Bosnia and Herzegovina, North Macedonia and Italy lagged somewhat behind, together accounting for a further 28%.

In terms of the main countries of destination, Bosnia and Herzegovina, with a CAGR of +355.4%, recorded the highest rates of growth with regard to 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

The average metal office furniture export price stood at $X per ton in 2022, increasing by 41% against the previous year. In general, export price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of +1.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The export price peaked at $X per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the average price for exports to Serbia ($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 Finland (+34.3%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Office Furniture Imports

Imports into Bulgaria

In 2022, approx. X tons of metal office furniture were imported into Bulgaria; remaining stable against the previous year's figure. Overall, imports, however, enjoyed a prominent expansion. The pace of growth appeared the most rapid in 2018 with an increase of 87% against the previous year. Over the period under review, imports hit record highs at X tons in 2021, and then declined modestly in the following year.

In value terms, metal office furniture imports surged to $X in 2022. In general, imports, however, continue to indicate a prominent increase. The pace of growth appeared the most rapid in 2021 when imports increased by 76%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, China (X tons) constituted the largest metal office furniture supplier to Bulgaria, accounting for a 70% share of total imports. Moreover, metal office furniture imports from China exceeded the figures recorded by the second-largest supplier, Poland (X tons), more than tenfold. Italy (X tons) ranked third in terms of total imports with a 4.5% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +30.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (-0.5% per year) and Italy (-4.5% per year).

In value terms, China ($X) constituted the largest supplier of metal office furniture to Bulgaria, comprising 55% of total imports. The second position in the ranking was held by Italy ($X), with a 7.2% share of total imports. It was followed by Denmark, with a 5.4% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to +38.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+0.9% per year) and Denmark (+102.6% per year).

Import Prices by Country

In 2022, the average metal office furniture import price amounted to $X per ton, rising by 18% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average import price increased by 24%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belarus (+6.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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