Bulgaria: Playing Cards Market 2024

Playing Cards Market Size in Bulgaria

The Bulgarian playing cards market surged to $X in 2022, picking up by 34% 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). Over the period under review, consumption showed a remarkable increase. Over the period under review, the market attained the peak level at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Playing Cards Exports

Exports from Bulgaria

Playing cards exports from Bulgaria soared to X tons in 2022, jumping by 92% on 2021 figures. In general, exports, however, showed a abrupt decline. The pace of growth appeared the most rapid in 2014 when exports increased by 139%. Over the period under review, the exports reached the peak figure at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, playing cards exports stood at $X in 2022. Over the period under review, exports posted a measured expansion. The growth pace was the most rapid in 2019 with an increase of 2,439% against the previous year. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Georgia (X tons), Romania (X tons) and Turkey (X tons) were the main destinations of playing cards exports from Bulgaria, together accounting for 83% of total exports. Armenia, Montenegro and Colombia lagged somewhat behind, together comprising a further 16%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Colombia (with a CAGR of +67.8%), while the other leaders experienced more modest paces of growth.

In value terms, Georgia ($X) emerged as the key foreign market for playing cards exports from Bulgaria, comprising 65% of total exports. The second position in the ranking was held by Armenia ($X), with a 17% share of total exports. It was followed by Romania, with a 13% share.

From 2012 to 2022, the average annual growth rate of value to Georgia totaled +29.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Armenia (+25.1% per year) and Romania (-30.4% per year).

Export Prices by Country

In 2022, the average playing cards export price amounted to $X per ton, shrinking by -40.3% against the previous year. Over the period under review, the export price, however, showed a strong increase. The most prominent rate of growth was recorded in 2019 when the average export price increased by 1,166%. As a result, the export price reached the peak level of $X per ton. From 2020 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 Georgia ($X per ton), while the average price for exports to Montenegro ($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 Georgia (+6.9%), while the prices for the other major destinations experienced a decline.

Playing Cards Imports

Imports into Bulgaria

In 2022, the amount of playing cards imported into Bulgaria surged to X tons, increasing by 21% compared with 2021. In general, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of 75% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, playing cards imports skyrocketed to $X in 2022. Overall, imports posted buoyant growth. The pace of growth was the most pronounced in 2018 with an increase of 171%. Over the period under review, imports attained the maximum at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest playing cards supplier to Bulgaria, with a 71% share of total imports. Moreover, playing cards imports from China exceeded the figures recorded by the second-largest supplier, Romania (X tons), tenfold. The third position in this ranking was held by Greece (X tons), with a 4.4% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to -1.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Romania (+902.2% per year) and Greece (-3.0% per year).

In value terms, China ($X), Romania ($X) and Greece ($X) constituted the largest playing cards suppliers to Bulgaria, together accounting for 56% of total imports.

In terms of the main suppliers, Romania, with a CAGR of +368.0%, 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

The average playing cards import price stood at $X per ton in 2022, rising by 27% against the previous year. Overall, the import price continues to indicate a strong expansion. The pace of growth was the most pronounced in 2017 an increase of 113%. Over the period under review, average import prices attained the maximum at $X per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+9.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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