Bulgaria: Women Hosiery Market 2024

Women Hosiery Market Size in Bulgaria

After two years of decline, the Bulgarian women hosiery market increased by 220% to $X in 2022. In general, consumption posted a measured increase. Over the period under review, the market attained the maximum level at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Women Hosiery Production in Bulgaria

In value terms, women hosiery production skyrocketed to $X in 2022 estimated in export price. Overall, production continues to indicate a deep slump. Women hosiery production peaked at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Women Hosiery Exports

Exports from Bulgaria

Women hosiery exports from Bulgaria fell to X pairs in 2022, which is down by -7.1% compared with 2021. The total export volume increased at an average annual rate of +1.8% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2013 with an increase of 38%. The exports peaked at X pairs in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, women hosiery exports contracted slightly to $X in 2022. The total export value increased at an average annual rate of +4.5% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when exports increased by 39%. As a result, the exports attained the peak of $X, leveling off in the following year.

Exports by Country

Belgium (X pairs), Italy (X pairs) and Germany (X pairs) were the main destinations of women hosiery exports from Bulgaria, together accounting for 60% of total exports.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of +12.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X) remains the key foreign market for socks, stockings and other women's hosiery exports from Bulgaria, comprising 42% of total exports. The second position in the ranking was taken by Italy ($X), with an 11% share of total exports. It was followed by Greece, with a 6.2% share.

From 2012 to 2022, the average annual growth rate of value to Belgium amounted to +10.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+17.8% per year) and Greece (-0.3% per year).

Export Prices by Country

In 2022, the average women hosiery export price amounted to $X per pair, picking up by 6.8% against the previous year. Over the period under review, export price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, women hosiery export price increased by +48.7% against 2018 indices. The most prominent rate of growth was recorded in 2016 an increase of 25% against the previous year. Over the period under review, the average export prices attained the maximum in 2022 and is likely to continue growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Greece ($X per pair), while the average price for exports to Italy ($X per pair) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Greece (+11.9%), while the prices for the other major destinations experienced more modest paces of growth.

Women Hosiery Imports

Imports into Bulgaria

After four years of decline, purchases abroad of socks, stockings and other women's hosiery increased by 30% to X pairs in 2022. Over the period under review, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when imports increased by 53% against the previous year. As a result, imports reached the peak of X pairs. From 2018 to 2022, the growth of imports remained at a lower figure.

In value terms, women hosiery imports skyrocketed to $X in 2022. In general, imports enjoyed resilient growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Poland (X pairs), China (X pairs) and Turkey (X pairs) were the main suppliers of women hosiery imports to Bulgaria, with a combined 54% share of total imports. Hungary, Greece, Belgium, Germany and Italy lagged somewhat behind, together accounting for a further 35%.

From 2012 to 2022, the biggest increases were recorded for Hungary (with a CAGR of +109.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Turkey ($X) and China ($X) appeared to be the largest women hosiery suppliers to Bulgaria, with a combined 47% share of total imports. Belgium, Hungary, Germany, Italy and Greece lagged somewhat behind, together accounting for a further 37%.

Among the main suppliers, Hungary, with a CAGR of +110.3%, recorded the highest growth rate of 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 women hosiery import price amounted to $X per pair, growing by 12% against the previous year. Over the period under review, the import price posted a prominent increase. The pace of growth was the most pronounced in 2018 when the average import price increased by 59%. The import price peaked 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 Italy ($X per pair), while the price for Greece ($X per pair) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+14.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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