Bulgaria - Sewing Machine Needles - Market Analysis, Forecast, Size, Trends And Insights
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View PricingSewing Machine Needle Price in Bulgaria - 2023
Contents:
- Sewing Machine Needle Price in Bulgaria (CIF) - 2022
- Sewing Machine Needle Price in Bulgaria (FOB) - 2022
- Sewing Machine Needle Imports in Bulgaria
- Sewing Machine Needle Exports in Bulgaria
Sewing Machine Needle Price in Bulgaria (CIF) - 2022
In 2022, the average sewing machine needle import price amounted to $16 per thousand units, surging by 18% against the previous year. In general, the import price, however, showed a pronounced downturn. The most prominent rate of growth was recorded in 2014 when the average import price increased by 69% against the previous year. As a result, import price reached the peak level of $24 per thousand units. From 2015 to 2022, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($47 per thousand units), while the price for Taiwan (Chinese) ($8 per thousand units) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+11.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Sewing Machine Needle Price in Bulgaria (FOB) - 2022
The average sewing machine needle export price stood at $18 per thousand units in 2022, remaining relatively unchanged against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 an increase of 45%. The export price peaked at $45 per thousand units in 2019; however, from 2020 to 2022, the 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 Turkey ($38 per thousand units), while the average price for exports to Romania ($13 per thousand units) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Serbia (+6.5%), while the prices for the other major destinations experienced mixed trend patterns.
Sewing Machine Needle Imports in Bulgaria
Sewing machine needle imports into Bulgaria shrank rapidly to 8.1M units in 2022, which is down by -42.1% compared with 2021. In general, imports continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2021 when imports increased by 2.7%. As a result, imports attained the peak of 14M units, and then declined sharply in the following year.
In value terms, sewing machine needle imports shrank significantly to $126K in 2022. Over the period under review, imports showed a sharp decrease. The most prominent rate of growth was recorded in 2021 with an increase of 35% against the previous year. Imports peaked at $301K in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
| Import of Sewing Machine Needle in Bulgaria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 230 | 86.3 | 77.1 | 61.1 | -35.7% |
| North Macedonia | 54.6 | 20.1 | 83.6 | 23.2 | -24.8% |
| Turkey | 7.1 | 10.3 | 9.8 | 22.1 | 46.0% |
| Italy | 0.3 | 1.7 | 4.1 | 6.5 | 178.8% |
| South Korea | N/A | N/A | N/A | 3.6 | 0% |
| China | 2.3 | N/A | 1.2 | 1.9 | -6.2% |
| Taiwan (Chinese) | 1.3 | 1.5 | 3.1 | 1.5 | 4.9% |
| United Arab Emirates | N/A | N/A | 2.2 | N/A | 0% |
| Estonia | N/A | 5.7 | N/A | N/A | 0% |
| Others | 5.7 | 11.5 | 3.9 | 6.5 | 4.5% |
| Total | 301 | 137 | 185 | 126 | -25.2% |
Top Suppliers of Sewing Machine Needle to Bulgaria in 2022:
- Germany (4.4M units)
- Turkey (1.8M units)
- North Macedonia (1.0M units)
- Taiwan (Chinese) (0.2M units)
- China (0.2M units)
- South Korea (0.2M units)
- Italy (0.1M units)
Sewing Machine Needle Exports in Bulgaria
In 2022, overseas shipments of sewing machine needles decreased by -27.8% to 291K units for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, saw a significant increase. The growth pace was the most rapid in 2021 when exports increased by 166% against the previous year. As a result, the exports reached the peak of 403K units, and then fell significantly in the following year.
In value terms, sewing machine needle exports declined notably to $5.4K in 2022. Overall, exports, however, enjoyed a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 146% against the previous year. As a result, the exports attained the peak of $7.5K, and then dropped markedly in the following year.
| Export of Sewing Machine Needle in Bulgaria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| North Macedonia | 0.3 | N/A | 0.4 | 1.7 | 78.3% |
| Turkey | 0.9 | N/A | N/A | 1.0 | 3.6% |
| Albania | N/A | 2.1 | 7.2 | 1.0 | -31.0% |
| Romania | 0.3 | N/A | N/A | 0.8 | 38.7% |
| Latvia | N/A | N/A | N/A | 0.5 | 0% |
| Spain | N/A | N/A | N/A | 0.2 | 0% |
| Serbia | N/A | 0.3 | N/A | 0.1 | -42.3% |
| Others | 1.3 | 0.6 | N/A | 0.1 | -57.5% |
| Total | 2.8 | 3.1 | 7.5 | 5.4 | 24.5% |
Top Export Markets for Sewing Machine Needle from Bulgaria in 2022:
- North Macedonia (92.4K units)
- Romania (58.2K units)
- Albania (56.3K units)
- Latvia (31.3K units)
- Turkey (26.7K units)
- Spain (12.4K units)
- Serbia (8.5K units)
This report provides an in-depth analysis of the sewing machine needle 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 28945230 - Sewing machine needles
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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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This report provides an in-depth analysis of the sewing machine needle market in Bulgaria.
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This report provides an in-depth analysis of the global household sewing machine market.
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3814
In 2016, the global sewing machine imports totaled X tons, ascending by X% against the previous year figure. In general, sewing machine imports continue to indicate a relatively flat trend patter...
883
In 2016, the global sewing machine imports totaled X tons, ascending by X% against the previous year figure. In general, sewing machine imports continue to indicate a relatively flat trend patter...
1185
The global household sewing machine market showed steady growth until it contracted slightly from 2015-2016, finally amounting to X units in 2016.
4104
China dominates in global household sewing machine production and trade. In 2013, China exported X% of its total output. Of this amount, X% was supplied to the United States, where Chinese household sewing machines held X% share of total U.S.
3814
In 2016, the global sewing machine imports totaled X tons, ascending by X% against the previous year figure. In general, sewing machine imports continue to indicate a relatively flat trend patter...
883
In 2016, the global sewing machine imports totaled X tons, ascending by X% against the previous year figure. In general, sewing machine imports continue to indicate a relatively flat trend patter...
1185
The global household sewing machine market showed steady growth until it contracted slightly from 2015-2016, finally amounting to X units in 2016.
4104
China dominates in global household sewing machine production and trade. In 2013, China exported X% of its total output. Of this amount, X% was supplied to the United States, where Chinese household sewing machines held X% share of total U.S.
