Bulgaria: Wooden Furniture Treatments Market 2024

Wooden Furniture Treatments Market Size in Bulgaria

The Bulgarian wooden furniture treatments market reduced slightly to $X in 2022, waning by -1.9% against the previous year. In general, consumption continues to indicate a abrupt setback. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Wooden Furniture Treatments Production in Bulgaria

In value terms, wooden furniture treatments production shrank slightly to $X in 2022 estimated in export price. In general, production showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the production volume increased by 0.2% against the previous year. Wooden furniture treatments production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Wooden Furniture Treatments Exports

Exports from Bulgaria

Wooden furniture treatments exports from Bulgaria dropped to X tons in 2022, which is down by -7.5% on 2021. In general, exports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2013 with an increase of 360% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, wooden furniture treatments exports surged to $X in 2022. Over the period under review, exports, however, posted a significant increase. The most prominent rate of growth was recorded in 2013 when exports increased by 467% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Serbia (X tons), Romania (X tons) and Georgia (X tons) were the main destinations of wooden furniture treatments exports from Bulgaria, with a combined 75% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Georgia (with a CAGR of +82.7%), while the other leaders experienced more modest paces of growth.

In value terms, Georgia ($X), Romania ($X) and Serbia ($X) constituted the largest markets for wooden furniture treatments exported from Bulgaria worldwide, with a combined 77% share of total exports.

Georgia, with a CAGR of +78.8%, 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

The average wooden furniture treatments export price stood at $X per ton in 2022, increasing by 74% against the previous year. In general, the export price continues to indicate pronounced growth. Over the period under review, the average export prices attained the maximum at $X per ton in 2013; afterwards, it flattened through to 2022.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Georgia ($X per ton), while the average price for exports to Serbia ($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 Bosnia and Herzegovina (+2.6%), while the prices for the other major destinations experienced a decline.

Wooden Furniture Treatments Imports

Imports into Bulgaria

In 2022, the amount of polishes and creams for wooden furniture and floors imported into Bulgaria reduced sharply to X tons, shrinking by -16.6% on the year before. In general, imports saw a deep slump. The growth pace was the most rapid in 2021 when imports increased by 25%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, wooden furniture treatments imports reduced to $X in 2022. Over the period under review, imports faced a deep downturn. The pace of growth appeared the most rapid in 2014 with an increase of 33%. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Romania (X tons) constituted the largest supplier of wooden furniture treatments to Bulgaria, with a 49% share of total imports. Moreover, wooden furniture treatments imports from Romania exceeded the figures recorded by the second-largest supplier, Turkey (X tons), twofold. Poland (X tons) ranked third in terms of total imports with an 8.7% share.

From 2012 to 2022, the average annual growth rate of volume from Romania stood at -15.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (-5.4% per year) and Poland (-0.3% per year).

In value terms, Romania ($X) constituted the largest supplier of polishes and creams for wooden furniture and floors to Bulgaria, comprising 51% of total imports. The second position in the ranking was taken by Italy ($X), with a 14% share of total imports. It was followed by Turkey, with a 12% share.

From 2012 to 2022, the average annual growth rate of value from Romania stood at -14.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+13.7% per year) and Turkey (-6.5% per year).

Import Prices by Country

In 2022, the average wooden furniture treatments import price amounted to $X per ton, picking up by 4.2% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.6%. The most prominent rate of growth was recorded in 2018 an increase of 13% against the previous year. The import price peaked in 2022 and is expected to retain growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+6.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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