Bulgaria: Market for Shawls, Scarves And The Like Of Knitted Or Crocheted Textiles 2024

Market Size for Shawls, Scarves And The Like Of Knitted Or Crocheted Textiles in Bulgaria

The Bulgarian knitted shawl and scarf market declined sharply to $X in 2022, waning by -25.2% against the previous year. Over the period under review, consumption recorded a deep setback. Knitted shawl and scarf consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Shawls, Scarves And The Like Of Knitted Or Crocheted Textiles in Bulgaria

In value terms, knitted shawl and scarf production skyrocketed to $X in 2022 estimated in export price. Overall, production enjoyed a buoyant expansion. The pace of growth appeared the most rapid in 2016 when the production volume increased by 158%. Knitted shawl and scarf production peaked in 2022 and is expected to retain growth in the near future.

Exports of Shawls, Scarves And The Like Of Knitted Or Crocheted Textiles

Exports from Bulgaria

In 2022, shipments abroad of shawls, scarves and the like of knitted or crocheted textiles decreased by -18.2% to X units, falling for the second year in a row after two years of growth. In general, exports recorded a pronounced curtailment. The pace of growth appeared the most rapid in 2020 with an increase of 195%. Over the period under review, the exports attained the maximum at X units in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, knitted shawl and scarf exports shrank markedly to $X in 2022. Over the period under review, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 127% against the previous year. As a result, the exports attained the peak of $X. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Germany (X units), Belgium (X units) and Romania (X units) were the main destinations of knitted shawl and scarf exports from Bulgaria, with a combined 59% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Romania (with a CAGR of +17.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Belgium ($X) and Romania ($X) were the largest markets for knitted shawl and scarf exported from Bulgaria worldwide, with a combined 57% share of total exports.

In terms of the main countries of destination, Romania, with a CAGR of +21.9%, saw 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

In 2022, the average knitted shawl and scarf export price amounted to $X per unit, with a decrease of -40.1% against the previous year. In general, the export price, however, recorded a tangible expansion. The growth pace was the most rapid in 2019 when the average export price increased by 92% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2020 to 2022, the average export prices remained at a lower figure.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Romania ($X per unit) and Austria ($X per unit), while the average price for exports to Italy ($X per unit) and France ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+3.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Shawls, Scarves And The Like Of Knitted Or Crocheted Textiles

Imports into Bulgaria

In 2022, approx. X units of shawls, scarves and the like of knitted or crocheted textiles were imported into Bulgaria; reducing by -31.2% compared with 2021. Over the period under review, imports, however, enjoyed a moderate increase. The most prominent rate of growth was recorded in 2021 when imports increased by 165%. As a result, imports reached the peak of X units, and then plummeted in the following year.

In value terms, knitted shawl and scarf imports fell dramatically to $X in 2022. In general, imports recorded a noticeable decrease. The pace of growth was the most pronounced in 2021 with an increase of 132% against the previous year. As a result, imports reached the peak of $X, and then contracted rapidly in the following year.

Imports by Country

Belgium (X units), Poland (X units) and the Czech Republic (X units) were the main suppliers of knitted shawl and scarf imports to Bulgaria, together comprising 46% of total imports. Germany, Hungary, Greece, Romania, Italy, Spain and China lagged somewhat behind, together comprising a further 39%.

From 2012 to 2022, the biggest increases were recorded for Hungary (with a CAGR of +61.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest knitted shawl and scarf suppliers to Bulgaria were Belgium ($X), Poland ($X) and the Czech Republic ($X), together comprising 46% of total imports. Germany, Hungary, Greece, Romania, Italy, Spain and China lagged somewhat behind, together accounting for a further 39%.

Hungary, with a CAGR of +49.7%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average knitted shawl and scarf import price stood at $X per unit in 2022, with a decrease of -22.3% against the previous year. Overall, the import price continues to indicate a abrupt downturn. The pace of growth appeared the most rapid in 2015 when the average import price increased by 22%. As a result, import price reached the peak level of $X per unit. From 2016 to 2022, the average import prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Belgium ($X per unit) and Hungary ($X per unit), while the price for Greece ($X per unit) and the Czech Republic ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (-7.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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