Bulgaria: Synthetic Yarn Market 2025

Synthetic Yarn Market Size in Bulgaria

The Bulgarian synthetic yarn market dropped slightly to $X in 2022, which is down by X% against the previous year. Over the period under review, consumption recorded a deep slump. The most prominent rate of growth was recorded in 2017 when the market value increased by X%. Synthetic yarn consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Synthetic Yarn Production in Bulgaria

In value terms, synthetic yarn production contracted sharply to $X in 2022 estimated in export price. Overall, production saw a dramatic downturn. The most prominent rate of growth was recorded in 2013 with an increase of X%. Synthetic yarn production peaked at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Synthetic Yarn Exports

Exports from Bulgaria

In 2022, approx. X tons of yarn of synthetic or artificial staple fibers were exported from Bulgaria; declining by X% on the previous year. Overall, total exports indicated a noticeable increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2018 indices. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons, and then fell in the following year.

In value terms, synthetic yarn exports shrank modestly to $X in 2022. In general, exports recorded a slight decline. The growth pace was the most rapid in 2021 when exports increased by X%. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Romania (X tons) was the main destination for synthetic yarn exports from Bulgaria, with a X% share of total exports. Moreover, synthetic yarn exports to Romania exceeded the volume sent to the second major destination, Italy (X tons), twofold. Turkey (X tons) ranked third in terms of total exports with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Romania totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (X% per year) and Turkey (X% per year).

In value terms, Italy ($X) remains the key foreign market for yarn of synthetic or artificial staple fibers exports from Bulgaria, comprising X% of total exports. The second position in the ranking was taken by Romania ($X), with a X% share of total exports. It was followed by Turkey, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Italy amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (X% per year) and Turkey (X% per year).

Export Prices by Country

In 2022, the average synthetic yarn export price amounted to $X per ton, rising by X% against the previous year. Over the period under review, the export price, however, recorded a abrupt contraction. The most prominent rate of growth was recorded in 2018 an increase of X%. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Romania ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Poland (X%), while the prices for the other major destinations experienced mixed trend patterns.

Synthetic Yarn Imports

Imports into Bulgaria

In 2022, overseas purchases of yarn of synthetic or artificial staple fibers increased by X% to X tons, rising for the second year in a row after two years of decline. The total import volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, synthetic yarn imports soared to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 with an increase of X%. Imports peaked in 2022 and are likely to continue growth in years to come.

Imports by Country

Turkey (X tons), China (X tons) and India (X tons) were the main suppliers of synthetic yarn imports to Bulgaria, with a combined X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest synthetic yarn suppliers to Bulgaria were Turkey ($X), Italy ($X) and China ($X), together comprising X% of total imports.

China, with a CAGR of X%, recorded the highest growth rate of the value of imports, among 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 synthetic yarn import price stood at $X per ton in 2022, rising by X% against the previous year. Overall, the import price, however, continues to indicate a pronounced contraction. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for India ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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