Bulgaria: Market for Silk Shawls And Scarves 2025

Market Size for Silk Shawls And Scarves in Bulgaria

The Bulgarian silk shawl and scarf market contracted to $X in 2022, declining by -10% against the previous year. In general, consumption, however, enjoyed a mild increase. Silk shawl and scarf consumption peaked at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Production of Silk Shawls And Scarves in Bulgaria

In value terms, silk shawl and scarf production shrank markedly to $X in 2022 estimated in export price. Overall, production faced a drastic downturn. The most prominent rate of growth was recorded in 2019 when the production volume increased by 100%. As a result, production reached the peak level of $X. From 2020 to 2022, production growth failed to regain momentum.

Exports of Silk Shawls And Scarves

Exports from Bulgaria

For the third consecutive year, Bulgaria recorded decline in overseas shipments of silk shawls and scarves, which decreased by -73.9% to X units in 2022. In general, exports continue to indicate a precipitous curtailment. The pace of growth appeared the most rapid in 2017 when exports increased by 394%. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, silk shawl and scarf exports dropped sharply to $X in 2022. Overall, exports recorded a dramatic slump. The pace of growth was the most pronounced in 2017 with an increase of 641% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Poland (X units), Greece (X units) and the Czech Republic (X units) were the main destinations of silk shawl and scarf exports from Bulgaria, together accounting for 75% of total exports. Spain, Romania, the Netherlands and Austria lagged somewhat behind, together comprising a further 22%.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of +14.9%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Poland ($X) emerged as the key foreign market for silk shawls and scarves exports from Bulgaria, comprising 42% of total exports. The second position in the ranking was taken by Greece ($X), with a 20% share of total exports. It was followed by the Czech Republic, with a 17% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Poland amounted to -16.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Greece (-2.1% per year) and the Czech Republic (0.0% per year).

Export Prices by Country

In 2022, the average silk shawl and scarf export price amounted to $X per unit, with an increase of 61% against the previous year. Over the period under review, the export price showed a resilient increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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 Romania ($X per unit), while the average price for exports to Spain ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+125.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Silk Shawls And Scarves

Imports into Bulgaria

In 2022, purchases abroad of silk shawls and scarves increased by 23% to X units for the first time since 2017, thus ending a four-year declining trend. Overall, imports, however, showed a deep reduction. The pace of growth was the most pronounced in 2017 when imports increased by 44%. Imports peaked at X units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, silk shawl and scarf imports amounted to $X in 2022. In general, imports, however, recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2017 with an increase of 181% against the previous year. As a result, imports attained the peak of $X. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Germany (X units), China (X units) and Spain (X units) were the main suppliers of silk shawl and scarf imports to Bulgaria, with a combined 76% share of total imports. India, Italy, Serbia and Austria lagged somewhat behind, together accounting for a further 20%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of +11.8%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest silk shawl and scarf suppliers to Bulgaria were Italy ($X), Germany ($X) and Spain ($X), with a combined 61% share of total imports. China, Austria, India and Serbia lagged somewhat behind, together comprising a further 19%.

In terms of the main suppliers, India, with a CAGR of +8.2%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average silk shawl and scarf import price amounted to $X per unit, waning by -13.3% against the previous year. Overall, the import price, however, enjoyed a tangible expansion. The pace of growth appeared the most rapid in 2017 when the average import price increased by 94%. As a result, import price attained the peak level of $X per unit. From 2018 to 2022, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+7.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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