Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Bulgaria - 2023
Contents:
- Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Bulgaria (FOB) - 2022
- Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Bulgaria (CIF) - 2023
- Exports of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Bulgaria
- Imports of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Bulgaria
Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Bulgaria (FOB) - 2022
The average export price for furniture; wooden, other than for office, kitchen or bedroom use stood at $68 per unit in 2022, surging by 8.7% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the average export price increased by 53% against the previous year. As a result, the export price reached the peak level of $97 per unit. From 2019 to 2022, the average export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($160 per unit), while the average price for exports to Bosnia and Herzegovina ($39 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 Italy (+8.9%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Bulgaria (CIF) - 2023
The average import price for furniture; wooden, other than for office, kitchen or bedroom use stood at $52.7 per unit in November 2023, falling by -7% against the previous month. In general, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in April 2023 when the average import price increased by 15% m-o-m. The import price peaked at $61.5 per unit in May 2023; however, from June 2023 to November 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Turkey ($93.9 per unit), while the price for Ukraine ($31.1 per unit) was amongst the lowest.
From December 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Germany (+11.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Bulgaria
In 2022, after three years of growth, there was significant decline in overseas shipments of furniture; wooden, other than for office, kitchen or bedroom use, when their volume decreased by -17.4% to 1.6M units. The total export volume increased at an average annual rate of +7.8% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when exports increased by 27% against the previous year. As a result, the exports attained the peak of 2M units, and then declined remarkably in the following year.
In value terms, exports of furniture; wooden, other than for office, kitchen or bedroom use declined to $110M in 2022. Overall, total exports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +10.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +34.9% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 37%. As a result, the exports attained the peak of $123M, and then declined in the following year.
| Export of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Bulgaria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Romania | 6.9 | 19.1 | 23.8 | 20.8 | 44.5% |
| France | 13.6 | 11.6 | 20.6 | 15.2 | 3.8% |
| Greece | 8.9 | 10.0 | 14.5 | 13.3 | 14.3% |
| Netherlands | 7.4 | 9.3 | 12.2 | 12.5 | 19.1% |
| Germany | 8.1 | 5.7 | 4.5 | 6.4 | -7.6% |
| Serbia | 1.9 | 3.1 | 4.4 | 4.6 | 34.3% |
| United Kingdom | 6.9 | 4.8 | 2.7 | 3.6 | -19.5% |
| Israel | 4.2 | 3.5 | 4.6 | 3.3 | -7.7% |
| North Macedonia | 0.3 | 0.5 | 1.6 | 3.0 | 115.4% |
| Denmark | 3.8 | 4.2 | 7.5 | 2.9 | -8.6% |
| Saudi Arabia | N/A | N/A | 4.8 | 2.6 | -45.8% |
| Italy | 3.0 | 2.3 | 3.0 | 2.5 | -5.9% |
| Bosnia and Herzegovina | 0.2 | 1.6 | 2.4 | 2.5 | 132.1% |
| Others | 16.3 | 13.6 | 16.0 | 16.8 | 1.0% |
| Total | 81.6 | 89.2 | 123 | 110 | 10.5% |
Top Export Markets for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use from Bulgaria in 2022:
- Romania (470.3K units)
- Greece (299.9K units)
- France (117.6K units)
- Serbia (111.3K units)
- Netherlands (104.5K units)
- North Macedonia (64.9K units)
- Bosnia and Herzegovina (64.4K units)
- Germany (56.2K units)
- Saudi Arabia (47.4K units)
- Denmark (31.7K units)
- Israel (30.9K units)
- United Kingdom (27.0K units)
- Italy (15.5K units)
Imports of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Bulgaria
For the fourth consecutive year, Bulgaria recorded growth in purchases abroad of furniture; wooden, other than for office, kitchen or bedroom use, which increased by 34% to 1.9M units in 2022. Over the period under review, imports recorded a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 90% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to see steady growth in the near future.
In value terms, imports of furniture; wooden, other than for office, kitchen or bedroom use expanded sharply to $99M in 2022. Overall, imports continue to indicate a significant increase. The pace of growth was the most pronounced in 2021 when imports increased by 45% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in years to come.
| Import of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Bulgaria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | 23.0 | 30.3 | 40.9 | 35.3 | 15.3% |
| China | 3.2 | 4.2 | 8.3 | 11.1 | 51.4% |
| Romania | 1.2 | 1.2 | 2.7 | 9.4 | 98.6% |
| Turkey | 3.0 | 4.1 | 5.6 | 7.6 | 36.3% |
| Italy | 7.5 | 5.6 | 6.7 | 7.5 | 0.0% |
| Ukraine | 2.0 | 3.0 | 4.8 | 6.9 | 51.1% |
| Germany | 4.9 | 4.2 | 6.6 | 5.4 | 3.3% |
| Denmark | 0.1 | 0.8 | 2.3 | 3.3 | 220.8% |
| Others | 5.8 | 7.1 | 9.6 | 12.9 | 30.5% |
| Total | 50.6 | 60.6 | 87.6 | 99.4 | 25.2% |
Top Suppliers of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use to Bulgaria in 2022:
- Poland (881.6K units)
- Ukraine (244.8K units)
- China (167.7K units)
- Romania (164.2K units)
- Turkey (141.1K units)
- Germany (67.2K units)
- Denmark (66.6K units)
- Italy (38.8K units)
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