Report Update: Apr 1, 2024

Bulgaria - Plaits And Similar Products Of Plaiting Materials - Market Analysis, Forecast, Size, Trends and Insights

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Plaits and Basketwork Price in Bulgaria - 2023

Plaits and Basketwork Price in Bulgaria (CIF) - 2023

The average plaits and basketwork import price stood at $6,304 per ton in August 2023, which is down by -3.3% against the previous month. In general, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2023 an increase of 12% m-o-m. The import price peaked at $6,881 per ton in May 2023; however, from June 2023 to August 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was Poland ($12,863 per ton), while the price for India ($3,516 per ton) was amongst the lowest.

From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Poland (+4.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Plaits and Basketwork Price in Bulgaria (FOB) - 2023

In August 2023, the average plaits and basketwork export price amounted to $7,863 per ton, remaining relatively unchanged against the previous month. In general, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in April 2023 when the average export price increased by 20% against the previous month. The export price peaked at $7,899 per ton in October 2022; afterwards, it flattened through to August 2023.

There were significant differences in the average prices for the major foreign markets. In August 2023, the country with the highest price was Germany ($11,095 per ton), while the average price for exports to Hungary ($5,260 per ton) was amongst the lowest.

From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Georgia (+2.0%), while the prices for the other major destinations experienced more modest paces of growth.

Plaits and Basketwork Imports in Bulgaria

For the fourth consecutive year, Bulgaria recorded growth in overseas purchases of plaits, basketwork, wickerwork and similar products of plaiting materials, which increased by 6.9% to 961 tons in 2022. Over the period under review, imports posted a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 61%. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, plaits and basketwork imports soared to $6.1M in 2022. Overall, imports posted a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 77% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in years to come.

Import of Plaits and Basketwork in Bulgaria (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	798	1,197	1,707	2,141	39.0%
Vietnam	362	592	1,227	1,605	64.3%
Hungary	17.1	12.1	97.8	519	211.9%
Indonesia	97.5	57.4	31.2	351	53.3%
Poland	354	225	414	331	-2.2%
Romania	2.7	N/A	52.1	259	357.8%
India	N/A	N/A	62.1	177	185.0%
Germany	199	153	226	155	-8.0%
Others	300	253	599	587	25.1%
Total	2,130	2,489	4,416	6,123	42.2%

Top Suppliers of Plaits and Basketwork to Bulgaria in 2022:

Vietnam (352.1 tons)
China (326.6 tons)
Hungary (75.5 tons)
Indonesia (40.0 tons)
Poland (38.6 tons)
Romania (27.4 tons)
India (20.6 tons)
Germany (19.3 tons)

Plaits and Basketwork Exports in Bulgaria

For the fourth year in a row, Bulgaria recorded growth in shipments abroad of plaits, basketwork, wickerwork and similar products of plaiting materials, which increased by 61% to 545 tons in 2022. Over the period under review, exports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 113% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in years to come.

In value terms, plaits and basketwork exports skyrocketed to $3.3M in 2022. In general, exports showed a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 103% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are likely to continue growth in years to come.

Export of Plaits and Basketwork in Bulgaria (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Romania	105	699	1,009	1,180	124.0%
Greece	427	398	622	1,069	35.8%
Serbia	32.9	111	73.7	502	148.0%
Bosnia and Herzegovina	N/A	58.8	40.5	250	106.2%
Georgia	3.2	4.3	23.6	75.4	186.7%
Poland	10.3	19.3	6.0	61.9	81.8%
Italy	71.5	47.5	34.1	0.3	-83.9%
Others	38.2	59.3	82.8	175	66.1%
Total	688	1,397	1,891	3,314	68.9%

Top Export Markets for Plaits and Basketwork from Bulgaria in 2022:

Romania (205.5 tons)
Greece (161.5 tons)
Serbia (81.0 tons)
Bosnia and Herzegovina (43.1 tons)
Poland (15.0 tons)
Georgia (12.1 tons)
Italy (0.1 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the plaits and basketwork market in Bulgaria. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 16292500 - Manufactures of straw, of esparto or of other plaiting materials, basket ware and wickerwork

Country coverage:

Bulgaria

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Bulgaria
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023