Bulgaria: Drawing Board Market 2024

Drawing Board Market Size in Bulgaria

For the third consecutive year, the Bulgarian drawing board market recorded growth in sales value, which increased by 53% to $X in 2022. Over the period under review, consumption showed prominent growth. Over the period under review, the market attained the maximum level in 2022 and is expected to retain growth in the immediate term.

Drawing Board Exports

Exports from Bulgaria

After two years of decline, overseas shipments of slates and boards with writing or drawing surfaces increased by 1,131% to X units in 2022. Over the period under review, exports, however, continue to indicate a abrupt descent. The exports peaked at X units in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, drawing board exports skyrocketed to $X in 2022. In general, exports, however, saw a pronounced decline. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

France (X units) was the main destination for drawing board exports from Bulgaria, with a 84% share of total exports. Moreover, drawing board exports to France exceeded the volume sent to the second major destination, Georgia (X units), tenfold. Greece (X units) ranked third in terms of total exports with a 2.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to France stood at +337.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Georgia (+58.1% per year) and Greece (-9.3% per year).

In value terms, France ($X) remains the key foreign market for slates and boards with writing or drawing surfaces exports from Bulgaria, comprising 94% of total exports. The second position in the ranking was taken by Georgia ($X), with a 2.6% share of total exports. It was followed by Greece, with a 1% share.

From 2012 to 2022, the average annual growth rate of value to France stood at +199.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Georgia (+62.3% per year) and Greece (-6.6% per year).

Export Prices by Country

The average drawing board export price stood at $X per unit in 2022, jumping by 22% against the previous year. Over the period under review, the export price enjoyed a resilient increase. The most prominent rate of growth was recorded in 2021 when the average export price increased by 185% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was France ($X per unit), while the average price for exports to Georgia ($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 Greece (+3.0%), while the prices for the other major destinations experienced mixed trend patterns.

Drawing Board Imports

Imports into Bulgaria

In 2022, imports of slates and boards with writing or drawing surfaces into Bulgaria surged to X units, increasing by 60% on 2021. Over the period under review, imports recorded a resilient expansion. The most prominent rate of growth was recorded in 2017 with an increase of 85%. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, drawing board imports skyrocketed to $X in 2022. In general, imports saw a strong increase. The growth pace was the most rapid in 2017 when imports increased by 102%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, China (X units) constituted the largest supplier of drawing board to Bulgaria, accounting for a 63% share of total imports. Moreover, drawing board imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X units), fivefold. Germany (X units) ranked third in terms of total imports with a 7.3% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +21.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+0.4% per year) and Germany (+29.5% per year).

In value terms, China ($X) constituted the largest supplier of slates and boards with writing or drawing surfaces to Bulgaria, comprising 61% of total imports. The second position in the ranking was held by Germany ($X), with a 9.7% share of total imports. It was followed by Turkey, with a 7.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +23.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+28.6% per year) and Turkey (-0.5% per year).

Import Prices by Country

The average drawing board import price stood at $X per unit in 2022, picking up by 3.2% against the previous year. Over the last decade, it increased at an average annual rate of +1.1%. The pace of growth appeared the most rapid in 2019 an increase of 15%. Over the period under review, average import prices reached the peak figure in 2022 and is likely to see gradual growth in the near future.

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 Germany ($X per unit), while the price for Turkey ($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 (+8.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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