Bulgaria: Swivel Seat Market 2024

Swivel Seat Market Size in Bulgaria

In 2022, the Bulgarian swivel seat market was finally on the rise to reach $X for the first time since 2019, thus ending a two-year declining trend. Overall, consumption, however, continues to indicate a deep downturn. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Swivel Seat Production in Bulgaria

In value terms, swivel seat production shrank to $X in 2022 estimated in export price. In general, production enjoyed a prominent increase. The pace of growth was the most pronounced in 2014 with an increase of 227% against the previous year. Over the period under review, production hit record highs at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

Swivel Seat Exports

Exports from Bulgaria

In 2022, after three years of growth, there was significant decline in shipments abroad of swivel seats with variable height adjustments, when their volume decreased by -16.3% to X units. Overall, exports, however, recorded significant growth. The most prominent rate of growth was recorded in 2019 with an increase of 225% against the previous year. Over the period under review, the exports reached the peak figure at X units in 2021, and then contracted significantly in the following year.

In value terms, swivel seat exports dropped notably to $X in 2022. Over the period under review, exports, however, continue to indicate a significant increase. The pace of growth appeared the most rapid in 2015 when exports increased by 197% against the previous year. The exports peaked at $X in 2021, and then dropped notably in the following year.

Exports by Country

Romania (X units), Serbia (X units) and the Netherlands (X units) were the main destinations of swivel seat exports from Bulgaria, together accounting for 71% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Netherlands (with a CAGR of +108.2%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for swivel seat exported from Bulgaria were Romania ($X), Serbia ($X) and Greece ($X), together accounting for 63% of total exports.

Among the main countries of destination, Romania, with a CAGR of +109.7%, recorded the highest rates of growth with regard to 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 swivel seat export price amounted to $X per unit, approximately reflecting the previous year. Overall, export price indicated mild growth from 2012 to 2022: its price increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, swivel seat export price increased by +5.6% against 2019 indices. The pace of growth appeared the most rapid in 2018 an increase of 40% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2019 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per unit), while the average price for exports to the Netherlands ($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 France (+25.4%), while the prices for the other major destinations experienced more modest paces of growth.

Swivel Seat Imports

Imports into Bulgaria

In 2022, supplies from abroad of swivel seats with variable height adjustments decreased by 0% to less than X units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2019 with an increase of 68%. As a result, imports attained the peak of X units. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, swivel seat imports fell remarkably to $X in 2022. In general, imports continue to indicate a remarkable increase. The pace of growth was the most pronounced in 2021 when imports increased by 85% against the previous year. As a result, imports attained the peak of $X, and then reduced dramatically in the following year.

Imports by Country

In 2019, China (X units) constituted the largest supplier of swivel seat to Bulgaria, accounting for a 46% share of total imports. Moreover, swivel seat imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X units), fourfold. The third position in this ranking was taken by Poland (X units), with a 9.8% share.

From 2018 to 2019, the average annual rate of growth in terms of volume from China totaled +99.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+101.9% per year) and Poland (+10.9% per year).

In value terms, China ($X) constituted the largest supplier of swivel seats with variable height adjustments to Bulgaria, comprising 46% of total imports. The second position in the ranking was taken by Turkey ($X), with a 12% share of total imports. It was followed by Poland, with a 9.8% share.

From 2018 to 2019, the average annual growth rate of value from China amounted to +42.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+43.7% per year) and Poland (-21.1% per year).

Import Prices by Country

The average swivel seat import price stood at $X per unit in 2019, dropping by -28.8% against the previous year. Overall, the import price saw a precipitous curtailment. Over the period under review, average import prices attained the peak figure at $X per unit in 2018, and then contracted sharply in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2019, amid the top importers, the countries with the highest prices were France ($X per unit) and Romania ($X per unit), while the price for Turkey ($X per unit) and the UK ($X per unit) were amongst the lowest.

From 2018 to 2019, the most notable rate of growth in terms of prices was attained by Ukraine (-28.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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