Bulgaria: Household Sewing Machine Market 2024

Household Sewing Machine Market Size in Bulgaria

The Bulgarian household sewing machine market soared to $X in 2021, picking up by 60% 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). In general, the total consumption indicated a modest increase from 2012 to 2021: its value increased at an average annual rate of +1.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Household Sewing Machine Exports

Exports from Bulgaria

In 2021, household sewing machine exports from Bulgaria fell notably to X units, dropping by -82.5% against 2020. Overall, exports saw a deep setback. The most prominent rate of growth was recorded in 2018 when exports increased by 804%. Over the period under review, the exports attained the maximum at X units in 2020, and then declined markedly in the following year.

In value terms, household sewing machine exports fell rapidly to $X in 2021. In general, exports, however, enjoyed a noticeable increase. The pace of growth appeared the most rapid in 2014 with an increase of 457%. Over the period under review, the exports reached the peak figure at $X in 2020, and then reduced dramatically in the following year.

Exports by Country

Romania (X units) was the main destination for household sewing machine exports from Bulgaria, accounting for a 70% share of total exports. Moreover, household sewing machine exports to Romania exceeded the volume sent to the second major destination, France (X units), fivefold. North Macedonia (X units) ranked third in terms of total exports with a 6.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Romania totaled +13.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (0.0% per year) and North Macedonia (-4.9% per year).

In value terms, France ($X) emerged as the key foreign market for household sewing machines exports from Bulgaria, comprising 67% of total exports. The second position in the ranking was held by Romania ($X), with a 21% share of total exports. It was followed by Greece, with a 4% share.

From 2012 to 2021, the average annual growth rate of value to France was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (+16.1% per year) and Greece (-13.4% per year).

Export Prices by Country

In 2021, the average household sewing machine export price amounted to $X per unit, surging by 21% against the previous year. In general, the export price showed a remarkable increase. The growth pace was the most rapid in 2017 when the average export price increased by 195%. As a result, the export price attained the peak level of $X per unit. From 2018 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was France ($X per unit), while the average price for exports to the UK ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+46.7%), while the prices for the other major destinations experienced more modest paces of growth.

Household Sewing Machine Imports

Imports into Bulgaria

In 2021, the amount of household sewing machines imported into Bulgaria soared to X units, growing by 39% compared with the previous year. Over the period under review, total imports indicated a pronounced expansion from 2012 to 2021: its volume increased at an average annual rate of +2.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -2.7% against 2019 indices. The growth pace was the most rapid in 2015 with an increase of 53%. As a result, imports reached the peak of X units. From 2016 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, household sewing machine imports surged to $X in 2021. In general, imports, however, saw a relatively flat trend pattern. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

Germany (X units), Romania (X units) and China (X units) were the main suppliers of household sewing machine imports to Bulgaria, together comprising 81% of total imports.

From 2012 to 2021, the biggest increases were recorded for Romania (with a CAGR of +53.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest household sewing machine suppliers to Bulgaria were Romania ($X), Germany ($X) and Italy ($X), together accounting for 83% of total imports.

Romania, with a CAGR of +61.1%, saw 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 more modest paces of growth.

Import Prices by Country

In 2021, the average household sewing machine import price amounted to $X per unit, jumping by 18% against the previous year. Overall, the import price, however, recorded a pronounced decline. The growth pace was the most rapid in 2020 when the average import price increased by 80% against the previous year. Over the period under review, average import prices attained the maximum at $X per unit in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Estonia (+44.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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