Report Update Nov 1, 2024

Bulgaria - Terry Towelling (Excluding of Cotton) - Market Analysis, Forecast, Size, Trends and Insights

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Bulgaria: Non-Cotton Terry Towelling Market 2024

Non-Cotton Terry Towelling Market Size in Bulgaria

The Bulgarian non-cotton terry towelling market surged to $X in 2021, growing by 2,202% against the previous year. Overall, consumption, however, saw a mild downturn. Over the period under review, the market reached the maximum level at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Non-Cotton Terry Towelling Production in Bulgaria

In value terms, non-cotton terry towelling production rose rapidly to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a mild shrinkage. Over the period under review, production attained the peak level at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Non-Cotton Terry Towelling Exports

Exports from Bulgaria

For the fourth consecutive year, Bulgaria recorded growth in shipments abroad of terry towelling (excluding of cotton), which increased by 2,430% to X square meters in 2020. Overall, exports continue to indicate a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, non-cotton terry towelling exports skyrocketed to $X in 2020. In general, exports continue to indicate significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Greece (X square meters) was the main destination for non-cotton terry towelling exports from Bulgaria, with a approx. 100% share of total exports.

From 2012 to 2020, the average annual rate of growth in terms of volume to Greece stood at +123.7%.

In value terms, Greece ($X) also remains the key foreign market for terry towelling (excluding of cotton) exports from Bulgaria.

From 2012 to 2020, the average annual rate of growth in terms of value to Greece totaled +109.1%.

Export Prices by Country

The average non-cotton terry towelling export price stood at $X per square meter in 2020, with a decrease of -37.4% against the previous year. Over the period under review, the export price recorded a abrupt setback. The growth pace was the most rapid in 2016 an increase of 32% against the previous year. The export price peaked at $X per square meter in 2017; however, from 2018 to 2020, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Greece.

From 2012 to 2020, the rate of growth in terms of prices for Greece amounted to -6.5% per year.

Non-Cotton Terry Towelling Imports

Imports into Bulgaria

For the third year in a row, Bulgaria recorded decline in overseas purchases of terry towelling (excluding of cotton), which decreased by 0% to X square meters in 2021. Overall, imports enjoyed a buoyant expansion. The pace of growth was the most pronounced in 2016 with an increase of 2,493%. As a result, imports reached the peak of X square meters. From 2017 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, non-cotton terry towelling imports amounted to $X in 2021. Over the period under review, imports showed a significant expansion. The most prominent rate of growth was recorded in 2013 when imports increased by 2,239% against the previous year. Imports peaked at $X in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Italy (X square meters), Slovakia (X square meters) and Turkey (X square meters) were the main suppliers of non-cotton terry towelling imports to Bulgaria, together accounting for 96% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Slovakia (with a CAGR of 0.0%), while imports for the other leaders experienced a decline.

In value terms, Italy ($X), Slovakia ($X) and Turkey ($X) were the largest non-cotton terry towelling suppliers to Bulgaria, together accounting for 97% of total imports.

Among the main suppliers, Italy, with a CAGR of +99.1%, recorded the highest rates of growth with regard to 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 non-cotton terry towelling import price stood at $X per square meter in 2021, remaining stable against the previous year. Over the period under review, the import price showed a significant expansion. The most prominent rate of growth was recorded in 2013 when the average import price increased by 78%. Over the period under review, average import prices hit record highs in 2021 and is expected to retain growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+22.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for terry towelling (excluding of cotton) in the world?

The country with the largest volume of non-cotton terry towelling consumption was Turkey, comprising approx. 70% of total volume. Moreover, non-cotton terry towelling consumption in Turkey exceeded the figures recorded by the second-largest consumer, Vietnam, more than tenfold. The third position in this ranking was occupied by South Korea, with a 4.7% share.

What are the largest producers of terry towelling (excluding of cotton) in the world?

The country with the largest volume of non-cotton terry towelling production was Turkey, comprising approx. 68% of total volume. Moreover, non-cotton terry towelling production in Turkey exceeded the figures recorded by the second-largest producer, China, fourfold. The third position in this ranking was occupied by South Korea, with a 5.2% share.

What are the leading suppliers of terry towelling (excluding of cotton) to Bulgaria?

In value terms, the largest non-cotton terry towelling suppliers to Bulgaria were Slovakia, Italy and Turkey $910), with a combined 99% share of total imports.

What are the leading importers of terry towelling (excluding of cotton) from Bulgaria?

In value terms, Greece remains the key foreign market for non-cotton terry towelling exports from Bulgaria.

What is the average export price for terry towelling (excluding of cotton) in Bulgaria?

In 2021, the average non-cotton terry towelling export price amounted to $4.6 per square meter, flattening at the previous year.

What is the average import price for terry towelling (excluding of cotton) in Bulgaria?

The average non-cotton terry towelling import price stood at $17 per square meter in 2021, therefore, remained relatively stable against the previous year.

This report provides an in-depth analysis of the non-cotton terry towelling market in Bulgaria. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 13204300 - Terry towelling and similar woven terry fabrics (excluding of cotton)

Country coverage:

Bulgaria

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Bulgaria
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023