Bulgaria: Shaving Preparations Market 2024

Shaving Preparations Market Size in Bulgaria

In 2021, the Bulgarian shaving preparations market was finally on the rise to reach $X after two years of decline. In general, consumption, however, saw a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market remained at a lower figure.

Shaving Preparations Production in Bulgaria

In value terms, shaving preparations production contracted to $X in 2021 estimated in export price. Over the period under review, production showed a abrupt setback. The pace of growth appeared the most rapid in 2018 when the production volume increased by 15%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Shaving Preparations Exports

Exports from Bulgaria

In 2021, shaving preparations exports from Bulgaria shrank remarkably to X tons, which is down by -15.6% compared with the previous year. Overall, exports saw a abrupt contraction. The most prominent rate of growth was recorded in 2019 with an increase of 52%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, shaving preparations exports shrank dramatically to $X in 2021. In general, exports showed a abrupt descent. The pace of growth appeared the most rapid in 2019 when exports increased by 106%. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Ukraine (X tons), Armenia (X tons) and Serbia (X tons) were the main destinations of shaving preparations exports from Bulgaria, together accounting for 36% of total exports. France, Albania, North Macedonia, Greece, Belarus, South Africa, Moldova, Georgia, Kazakhstan and the UK lagged somewhat behind, together comprising a further 45%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by South Africa (with a CAGR of +215.7%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for shaving preparations exported from Bulgaria were Ukraine ($X), Armenia ($X) and Serbia ($X), together accounting for 36% of total exports. France, Albania, Greece, North Macedonia, South Africa, Moldova, Georgia, Kazakhstan, Belarus and the UK lagged somewhat behind, together comprising a further 45%.

Among the main countries of destination, South Africa, with a CAGR of +287.4%, recorded the highest growth rate of 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 shaving preparations export price stood at $X per ton in 2021, shrinking by -7.2% against the previous year. Overall, export price indicated a perceptible increase from 2012 to 2021: its price increased at an average annual rate of +2.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, shaving preparations export price decreased by -22.8% against 2017 indices. The pace of growth was the most pronounced in 2017 an increase of 65%. As a result, the export price reached the peak level of $X per ton. From 2018 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Moldova ($X per ton), while the average price for exports to Belarus ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to South Africa (+22.7%), while the prices for the other major destinations experienced more modest paces of growth.

Shaving Preparations Imports

Imports into Bulgaria

In 2021, after two years of decline, there was significant growth in purchases abroad of pre-shave, shaving and after-shave preparations (excluding soap in blocks), when their volume increased by 5.5% to X tons. Overall, imports, however, saw a perceptible setback. The pace of growth was the most pronounced in 2018 when imports increased by 34% against the previous year. As a result, imports attained the peak of X tons. From 2019 to 2021, the growth of imports failed to regain momentum.

In value terms, shaving preparations imports reached $X in 2021. In general, imports, however, saw a pronounced decrease. The most prominent rate of growth was recorded in 2017 with an increase of 20% against the previous year. Over the period under review, imports reached the maximum at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

Romania (X tons), Turkey (X tons) and Slovakia (X tons) were the main suppliers of shaving preparations imports to Bulgaria, with a combined 60% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Slovakia (with a CAGR of +45.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Romania ($X) constituted the largest supplier of pre-shave, shaving and after-shave preparations (excluding soap in blocks) to Bulgaria, comprising 32% of total imports. The second position in the ranking was taken by Italy ($X), with a 15% share of total imports. It was followed by Slovakia, with an 11% share.

From 2012 to 2021, the average annual growth rate of value from Romania amounted to -4.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+8.6% per year) and Slovakia (+47.1% per year).

Import Prices by Country

The average shaving preparations import price stood at $X per ton in 2021, rising by 4.6% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.7%. The most prominent rate of growth was recorded in 2019 an increase of 66% against the previous year. As a result, import price reached the peak level of $X per ton. From 2020 to 2021, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Greece ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Greece (+20.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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