Bulgaria: Market for Upholstered Seats With Wooden Frames 2024

Market Size for Upholstered Seats With Wooden Frames in Bulgaria

The Bulgarian wooden frame upholstered seat market reduced modestly to $X in 2022, remaining stable against the previous year. In general, consumption continues to indicate a buoyant increase. Over the period under review, the market reached the peak level at $X in 2021, and then declined slightly in the following year.

Production of Upholstered Seats With Wooden Frames in Bulgaria

In value terms, wooden frame upholstered seat production declined to $X in 2022 estimated in export price. Over the period under review, production, however, posted a buoyant increase. The most prominent rate of growth was recorded in 2013 when the production volume increased by 69%. Wooden frame upholstered seat production peaked at $X in 2021, and then fell in the following year.

Exports of Upholstered Seats With Wooden Frames

Exports from Bulgaria

In 2022, after three years of growth, there was significant decline in overseas shipments of upholstered seats with wooden frames, when their volume decreased by -49.4% to X units. Overall, exports, however, continue to indicate buoyant growth. The pace of growth appeared the most rapid in 2021 when exports increased by 95% against the previous year. As a result, the exports reached the peak of X units, and then declined dramatically in the following year.

In value terms, wooden frame upholstered seat exports dropped slightly to $X in 2022. In general, exports, however, recorded a resilient increase. The most prominent rate of growth was recorded in 2021 with an increase of 52%. As a result, the exports reached the peak of $X, and then fell in the following year.

Exports by Country

Romania (X units), Greece (X units) and Italy (X units) were the main destinations of wooden frame upholstered seat exports from Bulgaria, together comprising 61% 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 Romania (with a CAGR of +49.8%), while the other leaders experienced more modest paces of growth.

In value terms, Romania ($X), Greece ($X) and Italy ($X) constituted the largest markets for wooden frame upholstered seat exported from Bulgaria worldwide, together comprising 61% of total exports.

In terms of the main countries of destination, Romania, with a CAGR of +52.5%, saw the highest growth rate of 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 wooden frame upholstered seat export price amounted to $X per unit, jumping by 89% against the previous year. In general, export price indicated a mild increase from 2012 to 2022: its price increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The export price peaked at $X per unit in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Belgium ($X per unit) and the Netherlands ($X per unit), while the average price for exports to the Czech Republic ($X per unit) and the United States ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Denmark (+1.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Upholstered Seats With Wooden Frames

Imports into Bulgaria

After six years of growth, overseas purchases of upholstered seats with wooden frames decreased by -31% to X units in 2022. Overall, imports, however, posted a strong increase. The pace of growth was the most pronounced in 2021 with an increase of 78%. As a result, imports reached the peak of X units, and then dropped significantly in the following year.

In value terms, wooden frame upholstered seat imports expanded significantly to $X in 2022. Over the period under review, imports, however, saw a prominent expansion. The growth pace was the most rapid in 2021 with an increase of 58% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the near future.

Imports by Country

China (X units), Turkey (X units) and Germany (X units) were the main suppliers of wooden frame upholstered seat imports to Bulgaria, with a combined 54% share of total imports. Italy, Romania, North Macedonia, Serbia and Poland lagged somewhat behind, together accounting for a further 36%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by North Macedonia (with a CAGR of +32.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest wooden frame upholstered seat suppliers to Bulgaria were China ($X), Turkey ($X) and Germany ($X), together accounting for 54% of total imports. Italy, Romania, North Macedonia, Serbia and Poland lagged somewhat behind, together comprising a further 36%.

Among the main suppliers, North Macedonia, with a CAGR of +33.6%, 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 wooden frame upholstered seat import price amounted to $X per unit, increasing by 65% against the previous year. Overall, the import price recorded a relatively flat trend pattern. Over the period under review, average import prices attained the maximum at $X per unit in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Romania ($X per unit) and Serbia ($X per unit), while the price for Poland ($X per unit) and China ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by North Macedonia (+0.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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