Bulgaria: Market for Tailor Dummies And Automata 2024

Market Size for Tailor Dummies And Automata in Bulgaria

In 2021, after five years of decline, there was significant growth in the Bulgarian tailor dummies and automata market, when its value increased by 14% to $X. Overall, consumption, however, recorded a deep reduction. Tailor dummies and automata consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Production of Tailor Dummies And Automata in Bulgaria

In value terms, tailor dummies and automata production reached $X in 2021 estimated in export price. Overall, production, however, saw a drastic downturn. The growth pace was the most rapid in 2015 when the production volume increased by 35% against the previous year. Over the period under review, production attained the maximum level at $X in 2017; however, from 2018 to 2021, production remained at a lower figure.

Exports of Tailor Dummies And Automata

Exports from Bulgaria

In 2021, shipments abroad of tailor dummies and automata decreased by -10.2% to X tons, falling for the fourth consecutive year after three years of growth. Overall, exports showed a abrupt downturn. The growth pace was the most rapid in 2016 when exports increased by 28%. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, tailor dummies and automata exports skyrocketed to $X in 2021. Over the period under review, exports continue to indicate a perceptible contraction. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

Exports by Country

Romania (X tons) was the main destination for tailor dummies and automata exports from Bulgaria, with a 52% share of total exports. Moreover, tailor dummies and automata exports to Romania exceeded the volume sent to the second major destination, Portugal (X tons), threefold. The third position in this ranking was taken by Greece (X tons), with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Romania totaled -16.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Portugal (-0.4% per year) and Greece (+6.2% per year).

In value terms, the largest markets for tailor dummies and automata exported from Bulgaria were Georgia ($X), Romania ($X) and Greece ($X), with a combined 82% share of total exports.

Georgia, with a CAGR of +157.3%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average tailor dummies and automata export price amounted to $X per ton, picking up by 113% against the previous year. Overall, the export price recorded buoyant growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Georgia ($X per ton), while the average price for exports to Germany ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Portugal (+12.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Tailor Dummies And Automata

Imports into Bulgaria

In 2021, imports of tailor dummies and automata into Bulgaria expanded significantly to X tons, with an increase of 14% on 2020. Over the period under review, imports, however, continue to indicate a slight slump. The pace of growth was the most pronounced in 2019 when imports increased by 68% against the previous year. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, tailor dummies and automata imports skyrocketed to $X in 2021. In general, imports, however, continue to indicate a perceptible downturn. The most prominent rate of growth was recorded in 2016 with an increase of 40% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Turkey (X tons) constituted the largest supplier of tailor dummies and automata to Bulgaria, accounting for a 57% share of total imports. Moreover, tailor dummies and automata imports from Turkey exceeded the figures recorded by the second-largest supplier, China (X tons), fivefold. The third position in this ranking was held by Germany (X tons), with a 5.5% share.

From 2012 to 2021, the average annual growth rate of volume from Turkey amounted to +1.9%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-13.2% per year) and Germany (+6.4% per year).

In value terms, Turkey ($X), Germany ($X) and China ($X) constituted the largest tailor dummies and automata suppliers to Bulgaria, together comprising 45% of total imports. Poland, France, the Netherlands, Greece, Hong Kong SAR, Italy, Serbia and Austria lagged somewhat behind, together comprising a further 40%.

In terms of the main suppliers, the Netherlands, with a CAGR of +42.3%, saw 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

The average tailor dummies and automata import price stood at $X per ton in 2021, with an increase of 7.1% against the previous year. In general, the import price, however, continues to indicate a noticeable decrease. The most prominent rate of growth was recorded in 2013 an increase of 32% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2021, the average import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+9.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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