Bulgaria: Walking-Sticks And Whips Market 2024

Walking-Sticks And Whips Market Size in Bulgaria

The Bulgarian walking-sticks and whips market contracted to $X in 2021, reducing by -13.9% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, enjoyed a moderate expansion. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Walking-Sticks And Whips Exports

Exports from Bulgaria

Walking-sticks and whips exports from Bulgaria was estimated at X tons in 2021, with an increase of 6% compared with 2020 figures. In general, exports enjoyed a strong increase. The pace of growth appeared the most rapid in 2019 with an increase of 421% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in the near future.

In value terms, walking-sticks and whips exports reduced notably to $X in 2021. Over the period under review, exports posted notable growth. The most prominent rate of growth was recorded in 2020 when exports increased by 2,255% against the previous year. As a result, the exports reached the peak of $X, and then contracted notably in the following year.

Exports by Country

The UK (X tons), Greece (X kg) and Iran (X kg) were the main destinations of walking-sticks and whips exports from Bulgaria, together comprising 97% of total exports.

From 2012 to 2021, the biggest increases were in the UK (with a CAGR of +409.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the UK ($X), Greece ($X) and Iran ($X) were the largest markets for walking-sticks and whips exported from Bulgaria worldwide, together accounting for 98% of total exports.

The UK, with a CAGR of +443.2%, saw the highest growth rate of 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 walking-sticks and whips export price amounted to $X per ton, which is down by -63.4% against the previous year. Overall, the export price showed a abrupt decrease. The most prominent rate of growth was recorded in 2020 an increase of 1,024% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Serbia ($X per ton), while the average price for exports to Georgia ($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 Greece (+210.2%), while the prices for the other major destinations experienced more modest paces of growth.

Walking-Sticks And Whips Imports

Imports into Bulgaria

In 2021, approx. X tons of walking-sticks, seat-sticks, whips and riding-crops were imported into Bulgaria; reducing by -24% on the previous year's figure. In general, imports saw a noticeable shrinkage. The most prominent rate of growth was recorded in 2014 with an increase of 73% against the previous year. Over the period under review, imports hit record highs at X tons in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, walking-sticks and whips imports reduced to $X in 2021. Over the period under review, imports, however, enjoyed a resilient increase. The pace of growth appeared the most rapid in 2014 with an increase of 110%. Over the period under review, imports reached the peak figure at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of walking-sticks and whips to Bulgaria, accounting for a 65% share of total imports. Moreover, walking-sticks and whips imports from China exceeded the figures recorded by the second-largest supplier, Romania (X tons), threefold. The third position in this ranking was taken by Germany (X tons), with a 5.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at -4.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Romania (+136.1% per year) and Germany (+11.2% per year).

In value terms, Romania ($X) constituted the largest supplier of walking-sticks and whips to Bulgaria, comprising 52% of total imports. The second position in the ranking was held by China ($X), with a 26% share of total imports. It was followed by Germany, with a 13% share.

From 2012 to 2021, the average annual growth rate of value from Romania totaled +134.8%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+4.6% per year) and Germany (+19.0% per year).

Import Prices by Country

The average walking-sticks and whips import price stood at $X per ton in 2021, rising by 29% against the previous year. Overall, the import price showed a strong expansion. The pace of growth appeared the most rapid in 2015 when the average import price increased by 37% against the previous year. Over the period under review, average import prices attained the peak figure in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was Romania ($X per ton), while the price for Greece ($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 (+9.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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