Bulgaria: Wooden Frame Market 2025

Wooden Frame Market Size in Bulgaria

The Bulgarian wooden frame market totaled $X in 2022, almost unchanged from the previous year. Over the period under review, the total consumption indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +7.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -6.8% against 2019 indices. Wooden frame consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Wooden Frame Production in Bulgaria

In value terms, wooden frame production declined to $X in 2022 estimated in export price. In general, the total production indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +19.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 38%. As a result, production attained the peak level of $X, and then fell in the following year.

Wooden Frame Exports

Exports from Bulgaria

For the fifth year in a row, Bulgaria recorded growth in shipments abroad of wooden frames for paintings, photographs, mirrors or similar objects, which increased by 125% to X units in 2022. In general, exports showed a significant increase. The pace of growth was the most pronounced in 2019 with an increase of 508%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, wooden frame exports soared to $X in 2022. Over the period under review, exports continue to indicate significant growth. The pace of growth appeared the most rapid in 2016 when exports increased by 745% against the previous year. As a result, the exports attained the peak of $X. From 2017 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Romania (X units), Greece (X units) and Serbia (X units) were the main destinations of wooden frame exports from Bulgaria, together comprising 69% of total exports. Germany, Bosnia and Herzegovina, Moldova and Austria lagged somewhat behind, together comprising a further 26%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Bosnia and Herzegovina (with a CAGR of +182.2%), while the other leaders experienced more modest paces of growth.

In value terms, Romania ($X), Greece ($X) and Serbia ($X) appeared to be the largest markets for wooden frame exported from Bulgaria worldwide, with a combined 75% share of total exports. Bosnia and Herzegovina, Germany, Moldova and Austria lagged somewhat behind, together comprising a further 17%.

Bosnia and Herzegovina, with a CAGR of +197.8%, recorded 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 2022, the average wooden frame export price amounted to $X per unit, increasing by 4.3% against the previous year. In general, the export price posted a temperate increase. The growth pace was the most rapid in 2016 an increase of 325% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2017 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Greece ($X per unit), while the average price for exports to Austria ($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 Belgium (+37.2%), while the prices for the other major destinations experienced more modest paces of growth.

Wooden Frame Imports

Imports into Bulgaria

For the fifth consecutive year, Bulgaria recorded growth in purchases abroad of wooden frames for paintings, photographs, mirrors or similar objects, which increased by 47% to X units in 2022. Overall, imports showed a significant expansion. The most prominent rate of growth was recorded in 2019 when imports increased by 99% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, wooden frame imports soared to $X in 2022. Over the period under review, imports recorded a significant expansion. The most prominent rate of growth was recorded in 2016 when imports increased by 279% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, China (X units) constituted the largest wooden frame supplier to Bulgaria, with a 72% share of total imports. Moreover, wooden frame imports from China exceeded the figures recorded by the second-largest supplier, Romania (X units), sevenfold. Hungary (X units) ranked third in terms of total imports with a 9.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +28.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Romania (+39.5% per year) and Hungary (+41.0% per year).

In value terms, China ($X) constituted the largest supplier of wooden frames for paintings, photographs, mirrors or similar objects to Bulgaria, comprising 60% of total imports. The second position in the ranking was taken by Romania ($X), with a 15% share of total imports. It was followed by Hungary, with a 9% share.

From 2012 to 2022, the average annual growth rate of value from China totaled +32.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Romania (+27.9% per year) and Hungary (+46.7% per year).

Import Prices by Country

In 2022, the average wooden frame import price amounted to $X per unit, growing by 10% against the previous year. Overall, the import price, however, saw a mild descent. The most prominent rate of growth was recorded in 2016 when the average import price increased by 196%. As a result, import price attained the peak level of $X per unit. From 2017 to 2022, the average import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (+4.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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