Bulgaria: Travelling Wool Rug Market 2024

Travelling Wool Rug Market Size in Bulgaria

The Bulgarian travelling wool rug market shrank to $X in 2022, reducing by -10.9% against the previous year. In general, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Travelling Wool Rug Production in Bulgaria

In value terms, travelling wool rug production dropped significantly to $X in 2022 estimated in export price. In general, production saw a perceptible downturn. The pace of growth was the most pronounced in 2017 with an increase of 190%. Over the period under review, production reached the maximum level at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

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Travelling Wool Rug Exports

Exports from Bulgaria

Travelling wool rug exports from Bulgaria shrank markedly to X units in 2022, which is down by -40.1% against the year before. In general, exports saw a drastic downturn. The pace of growth was the most pronounced in 2017 when exports increased by 873% against the previous year. The exports peaked at X units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, travelling wool rug exports plummeted to $X in 2022. Over the period under review, exports continue to indicate a abrupt decrease. The pace of growth was the most pronounced in 2017 with an increase of 954% against the previous year. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Canada (X units), Romania (X units) and Ukraine (X units) were the main destinations of travelling wool rug exports from Bulgaria, with a combined 67% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Canada (with a CAGR of +88.7%), while the other leaders experienced more modest paces of growth.

In value terms, Canada ($X) emerged as the key foreign market for blankets and travelling rugs of wool exports from Bulgaria, comprising 47% of total exports. The second position in the ranking was taken by Romania ($X), with a 21% share of total exports. It was followed by Greece, with a 4.4% share.

From 2012 to 2022, the average annual growth rate of value to Canada stood at +88.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (+17.7% per year) and Greece (+16.6% per year).

Export Prices by Country

The average travelling wool rug export price stood at $X per unit in 2022, falling by -34.7% against the previous year. In general, the export price, however, enjoyed a prominent increase. The most prominent rate of growth was recorded in 2016 an increase of 80%. The export price peaked at $X per unit in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($X per unit), while the average price for exports to Ukraine ($X 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 Poland (+36.4%), while the prices for the other major destinations experienced more modest paces of growth.

Travelling Wool Rug Imports

Imports into Bulgaria

For the third year in a row, Bulgaria recorded decline in purchases abroad of blankets and travelling rugs of wool, which decreased by -42.7% to X units in 2022. Over the period under review, imports, however, enjoyed a perceptible increase. The pace of growth was the most pronounced in 2014 when imports increased by 203%. As a result, imports reached the peak of X units. From 2015 to 2022, the growth of imports failed to regain momentum.

In value terms, travelling wool rug imports fell remarkably to $X in 2022. In general, imports, however, continue to indicate moderate growth. The pace of growth appeared the most rapid in 2014 when imports increased by 246% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Lithuania (X units), Turkey (X units) and Poland (X units) were the main suppliers of travelling wool rug imports to Bulgaria, with a combined 68% share of total imports. Germany, Italy, Serbia, the Netherlands and India lagged somewhat behind, together accounting for a further 26%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of +44.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest travelling wool rug suppliers to Bulgaria were Turkey ($X), Lithuania ($X) and Italy ($X), together accounting for 62% of total imports. Germany, Poland, Serbia, the Netherlands and India lagged somewhat behind, together accounting for a further 28%.

The Netherlands, with a CAGR of +57.4%, recorded the highest rates of growth with regard to 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 travelling wool rug import price stood at $X per unit in 2022, surging by 36% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 99% against the previous year. The import price peaked at $X per unit in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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 ($X per unit), while the price for Poland ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+31.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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