Bulgaria: Man-Made Filament Fabric Market 2024

Man-Made Filament Fabric Market Size in Bulgaria

The Bulgarian man-made filament fabric market soared to $X in 2021, growing by 36% against the previous year. The market value increased at an average annual rate of +4.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Man-Made Filament Fabric Production in Bulgaria

In value terms, man-made filament fabric production soared to $X in 2021 estimated in export price. Overall, the total production indicated a temperate expansion from 2012 to 2021: its value increased at an average annual rate of +2.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -26.1% against 2018 indices. The pace of growth was the most pronounced in 2018 with an increase of 67%. As a result, production reached the peak level of $X. From 2019 to 2021, production growth remained at a somewhat lower figure.

Man-Made Filament Fabric Exports

Exports from Bulgaria

Man-made filament fabric exports from Bulgaria soared to X tons in 2021, increasing by 77% on the previous year's figure. In general, exports posted a strong expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, man-made filament fabric exports skyrocketed to $X in 2021. Overall, total exports indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +5.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -21.3% against 2019 indices. The most prominent rate of growth was recorded in 2014 with an increase of 34%. Over the period under review, the exports reached the peak figure at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

Italy (X tons), Albania (X tons) and Romania (X tons) were the main destinations of man-made filament fabric exports from Bulgaria, with a combined 52% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Albania (with a CAGR of +86.2%), while the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Albania ($X) and North Macedonia ($X) were the largest markets for man-made filament fabric exported from Bulgaria worldwide, together comprising 45% of total exports.

In terms of the main countries of destination, Albania, with a CAGR of +81.0%, 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

The average man-made filament fabric export price stood at $X per ton in 2021, which is down by -33.2% against the previous year. Overall, the export price recorded a deep contraction. The most prominent rate of growth was recorded in 2015 when the average export price increased by 15%. As a result, the export price attained the peak level of $X per ton. From 2016 to 2021, the average export prices remained at a lower figure.

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 France ($X per ton), while the average price for exports to Romania ($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 Turkey (+3.0%), while the prices for the other major destinations experienced a decline.

Man-Made Filament Fabric Imports

Imports into Bulgaria

In 2021, overseas purchases of woven fabrics of man-made filaments and staple fibers increased by 69% to X tons, rising for the second consecutive year after two years of decline. In general, imports saw a prominent expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, man-made filament fabric imports expanded modestly to $X in 2021. Over the period under review, imports, however, saw a noticeable setback. The most prominent rate of growth was recorded in 2013 with an increase of 14% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of man-made filament fabric to Bulgaria, with a 51% share of total imports. Moreover, man-made filament fabric imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X tons), fourfold. Italy (X tons) ranked third in terms of total imports with an 8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +25.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+10.8% per year) and Italy (+10.8% per year).

In value terms, the largest man-made filament fabric suppliers to Bulgaria were China ($X), Italy ($X) and Germany ($X), with a combined 54% share of total imports. Turkey, France, Spain, Greece, Serbia, Romania and Pakistan lagged somewhat behind, together comprising a further 31%.

Serbia, with a CAGR of +40.8%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average man-made filament fabric import price stood at $X per ton in 2021, reducing by -38.3% against the previous year. In general, the import price recorded a abrupt contraction. The most prominent rate of growth was recorded in 2018 an increase of 4.8%. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Greece (-4.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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