Report Update Nov 1, 2024

Bulgaria - Sails - Market Analysis, Forecast, Size, Trends and Insights

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Bulgaria: Sails Market 2024

Sails Market Size in Bulgaria

The Bulgarian sails market skyrocketed to $X in 2022, growing by 25% against the previous year. Overall, consumption, however, continues to indicate a pronounced downturn. Sails consumption peaked at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Sails Production in Bulgaria

In value terms, sails production skyrocketed to $X in 2022 estimated in export price. In general, production, however, recorded a noticeable descent. The pace of growth appeared the most rapid in 2018 when the production volume increased by 412%. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Sails Exports

Exports from Bulgaria

In 2022, shipments abroad of sails increased by 32% to X tons, rising for the second consecutive year after two years of decline. Overall, exports showed a remarkable increase. The most prominent rate of growth was recorded in 2021 when exports increased by 351% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, sails exports surged to $X in 2022. In general, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2018 when exports increased by 644%. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

Serbia (X kg), Turkey (X kg) and Mauritius (X kg) were the main destinations of sails exports from Bulgaria, with a combined 85% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Mauritius (with a CAGR of 0.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X) remains the key foreign market for sails exports from Bulgaria, comprising 61% of total exports. The second position in the ranking was taken by Serbia ($X), with a 19% share of total exports. It was followed by Tanzania, with a 9.9% share.

From 2012 to 2022, the average annual growth rate of value to Turkey totaled +30.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Serbia (+31.6% per year) and Tanzania (0.0% per year).

Export Prices by Country

In 2022, the average sails export price amounted to $X per ton, jumping by 59% against the previous year. In general, the export price continues to indicate prominent growth. The pace of growth was the most pronounced in 2016 when the average export price increased by 210% against the previous year. The export price peaked in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was India ($X per ton), while the average price for exports to North Macedonia ($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 Serbia (+71.5%), while the prices for the other major destinations experienced mixed trend patterns.

Sails Imports

Imports into Bulgaria

In 2022, purchases abroad of sails was finally on the rise to reach X tons after two years of decline. Over the period under review, imports, however, recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2016 when imports increased by 381%. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, sails imports surged to $X in 2022. Overall, imports, however, continue to indicate a deep slump. The pace of growth was the most pronounced in 2017 with an increase of 281% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Germany (X kg) constituted the largest supplier of sails to Bulgaria, accounting for a 70% share of total imports. Moreover, sails imports from Germany exceeded the figures recorded by the second-largest supplier, Turkey (X kg), fivefold. The third position in this ranking was held by South Africa (X kg), with an 8% share.

From 2012 to 2022, the average annual growth rate of volume from Germany amounted to +15.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+20.9% per year) and South Africa (0.0% per year).

In value terms, the largest sails suppliers to Bulgaria were South Africa ($X), Turkey ($X) and Germany ($X), together accounting for 93% of total imports.

Turkey, with a CAGR of +20.9%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average sails import price stood at $X per ton in 2022, reducing by -4.3% against the previous year. Overall, the import price showed a deep slump. The most prominent rate of growth was recorded in 2020 when the average import price increased by 713%. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+16.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for sails in the world?

The country with the largest volume of sail consumption was China, comprising approx. 16% of total volume. Moreover, sail consumption in China exceeded the figures recorded by the second-largest consumer, the Netherlands, twofold. The third position in this ranking was occupied by India, with a 6.6% share.

What are the largest producers of sails in the world?

The country with the largest volume of sail production was China, accounting for 17% of total volume. Moreover, sail production in China exceeded the figures recorded by the second-largest producer, the Netherlands, twofold. India ranked third in terms of total production with a 6.6% share.

What are the leading suppliers of sails to Bulgaria?

In value terms, Croatia constituted the largest supplier of sail to Bulgaria, comprising 49% of total imports. The second position in the ranking was occupied by China, with a 16% share of total imports. It was followed by Italy, with a 11% share.

What are the leading importers of sails from Bulgaria?

In value terms, Turkey $120) remains the key foreign market for sail exports from Bulgaria.

What is the average export price for sails in Bulgaria?

In 2020, the average sail export price amounted to $48,974 per ton, dropping by -48.2% against the previous year.

What is the average import price for sails in Bulgaria?

The average sail import price stood at $2,031 per kg in 2020, surging by 21% against the previous year.

This report provides an in-depth analysis of the sails market in Bulgaria. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 13922250 - Sails

Country coverage:

Bulgaria

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Bulgaria
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023