Bulgaria: Knitted Ski-Suit Market 2025

Knitted Ski-Suit Market Size in Bulgaria

In 2022, after two years of growth, there was significant decline in the Bulgarian knitted ski-suit market, when its value decreased by -24.5% to $X. Overall, consumption, however, showed a significant expansion. Over the period under review, the market hit record highs at $X in 2021, and then dropped rapidly in the following year.

Knitted Ski-Suit Production in Bulgaria

In value terms, knitted ski-suit production skyrocketed to $X in 2022 estimated in export price. Over the period under review, production recorded a remarkable increase. The growth pace was the most rapid in 2013 when the production volume increased by 132% against the previous year. Knitted ski-suit production peaked at $X in 2016; however, from 2017 to 2022, production failed to regain momentum.

Knitted Ski-Suit Exports

Exports from Bulgaria

Knitted ski-suit exports from Bulgaria dropped markedly to X units in 2022, shrinking by -41.6% against the previous year's figure. In general, exports showed a noticeable contraction. The pace of growth was the most pronounced in 2021 when exports increased by 493%. Over the period under review, the exports attained the maximum at X units in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, knitted ski-suit exports dropped significantly to $X in 2022. Overall, exports faced a precipitous decrease. The growth pace was the most rapid in 2019 with an increase of 2,049%. Over the period under review, the exports hit record highs at $X in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

North Macedonia (X units) was the main destination for knitted ski-suit exports from Bulgaria, with a 77% share of total exports. Moreover, knitted ski-suit exports to North Macedonia exceeded the volume sent to the second major destination, Germany (X units), fourfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to North Macedonia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-8.1% per year) and the Czech Republic (-27.8% per year).

In value terms, Germany ($X) remains the key foreign market for ski-suits of knitted or crocheted textiles exports from Bulgaria, comprising 85% of total exports. The second position in the ranking was held by North Macedonia ($X), with a 4.9% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany stood at -14.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: North Macedonia (0.0% per year) and the Czech Republic (-29.0% per year).

Export Prices by Country

In 2022, the average knitted ski-suit export price amounted to $X per unit, with a decrease of -84.7% against the previous year. Over the period under review, the export price continues to indicate a sharp curtailment. The pace of growth appeared the most rapid in 2019 an increase of 7,295% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to North Macedonia ($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 the Czech Republic (-1.9%).

Knitted Ski-Suit Imports

Imports into Bulgaria

In 2022, the amount of ski-suits of knitted or crocheted textiles imported into Bulgaria contracted sharply to X units, reducing by -47.4% against the year before. Overall, imports, however, showed mild growth. The pace of growth appeared the most rapid in 2021 with an increase of 1,825%. Imports peaked at X units in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, knitted ski-suit imports reduced remarkably to $X in 2022. Over the period under review, imports, however, showed a strong expansion. The growth pace was the most rapid in 2021 with an increase of 876%. As a result, imports attained the peak of $X, and then contracted significantly in the following year.

Imports by Country

In 2022, Hungary (X units) constituted the largest supplier of knitted ski-suit to Bulgaria, accounting for a 40% share of total imports. Moreover, knitted ski-suit imports from Hungary exceeded the figures recorded by the second-largest supplier, the Czech Republic (X units), twofold. The third position in this ranking was taken by Germany (X units), with a 15% share.

From 2012 to 2022, the average annual growth rate of volume from Hungary stood at +306.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (+32.6% per year) and Germany (+11.3% per year).

In value terms, the largest knitted ski-suit suppliers to Bulgaria were the Netherlands ($X), Germany ($X) and the Czech Republic ($X), together comprising 67% of total imports. These countries were followed by Austria, Hungary, Spain, Poland and Romania, which together accounted for a further 26%.

Hungary, with a CAGR of +216.6%, recorded the highest rates of growth with regard to 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 2022, the average knitted ski-suit import price amounted to $X per unit, picking up by 49% against the previous year. In general, the import price showed resilient growth. The pace of growth was the most pronounced in 2017 an increase of 588% against the previous year. The import price peaked at $X per unit in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($X per unit), while the price for Hungary ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (+83.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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