Report Bulgaria - Carpets and Other Textile Floor Coverings - Market Analysis, Forecast, Size, Trends and Insights for 499$
Latest Report Update: Mar 1, 2023

Bulgaria - Carpets and Other Textile Floor Coverings - Market Analysis, Forecast, Size, Trends and Insights

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Bulgaria: Carpet Market 2023

Carpet Market Size in Bulgaria

In 2021, after three years of growth, there was significant decline in the Bulgarian carpet market, when its value decreased by -5.8% to $X. The market value increased at an average annual rate of +1.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the maximum level at $X in 2020, and then shrank in the following year.

Carpet Production in Bulgaria

In value terms, carpet production reduced to $X in 2021 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the production volume increased by 32%. As a result, production reached the peak level of $X, and then shrank in the following year.

Carpet Exports

Exports from Bulgaria

In 2021, shipments abroad of carpets and other textile floor coverings was finally on the rise to reach X square meters after three years of decline. Over the period under review, exports recorded significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, carpet exports skyrocketed to $X in 2021. In general, exports enjoyed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Saudi Arabia (X square meters) was the main destination for carpet exports from Bulgaria, with a 74% share of total exports. Moreover, carpet exports to Saudi Arabia exceeded the volume sent to the second major destination, Morocco (X square meters), fourfold. The third position in this ranking was held by Romania (X square meters), with a 2.7% share.

From 2012 to 2021, the average annual growth rate of volume to Saudi Arabia totaled +69.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Morocco (+283.2% per year) and Romania (+63.0% per year).

In value terms, Saudi Arabia ($X) emerged as the key foreign market for carpet exports from Bulgaria, comprising 76% of total exports. The second position in the ranking was held by Morocco ($X), with a 17% share of total exports. It was followed by Romania, with a 2.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Saudi Arabia totaled +70.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Morocco (+291.4% per year) and Romania (+55.7% per year).

Export Prices by Country

In 2021, the average carpet export price amounted to $X per square meter, growing by 4.6% against the previous year. Over the last nine years, it increased at an average annual rate of +3.0%. The most prominent rate of growth was recorded in 2016 an increase of 22%. The export price peaked at $X per square meter in 2017; however, from 2018 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Germany ($X per square meter), while the average price for exports to Greece ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+27.9%), while the prices for the other major destinations experienced more modest paces of growth.

Carpet Imports

Imports into Bulgaria

In 2021, overseas purchases of carpets and other textile floor coverings increased by 169% to X square meters, rising for the second year in a row after three years of decline. In general, imports showed a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, carpet imports surged to $X in 2021. Over the period under review, imports saw a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Turkey (X square meters) constituted the largest supplier of carpet to Bulgaria, with a 79% share of total imports. Moreover, carpet imports from Turkey exceeded the figures recorded by the second-largest supplier, Belgium (X square meters), ninefold. India (X square meters) ranked third in terms of total imports with a 3% share.

From 2012 to 2021, the average annual growth rate of volume from Turkey totaled +31.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+6.0% per year) and India (+51.0% per year).

In value terms, Turkey ($X) constituted the largest supplier of carpet to Bulgaria, comprising 80% of total imports. The second position in the ranking was held by Belgium ($X), with a 5.7% share of total imports. It was followed by the Netherlands, with a 2.5% share.

From 2012 to 2021, the average annual growth rate of value from Turkey totaled +33.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (-0.7% per year) and the Netherlands (+6.4% per year).

Import Prices by Country

The average carpet import price stood at $X per square meter in 2021, with an increase of 34% against the previous year. In general, the import price, however, showed a mild curtailment. The import price peaked at $X per square meter in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Turkey ($X per square meter), while the price for Belgium ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+3.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Market Intelligence Platform

Base Year Historical Period Forecast Period Units
2022 2012-2022 2023-2030 US$, Tons

Frequently Asked Questions (FAQ) :

What are the largest markets for carpets and other textile floor coverings in the world?
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The countries with the highest volumes of consumption in 2021 were China, the United States and Turkey, together comprising 40% of global consumption. These countries were followed by India, the UK, Egypt, Indonesia, Germany, Japan, Mexico and Saudi Arabia, which together accounted for a further 27%.
What are the largest producers of carpets and other textile floor coverings in the world?
+
The countries with the highest volumes of production in 2021 were China, Turkey and India, with a combined 53% share of global production. The United States, Egypt, Belgium, the Netherlands, Indonesia, Iran and Japan lagged somewhat behind, together comprising a further 26%.
What are the leading suppliers of carpets and other textile floor coverings to Bulgaria?
+
In value terms, Turkey constituted the largest supplier of carpet to Bulgaria, comprising 80% of total imports. The second position in the ranking was taken by Belgium, with a 5.7% share of total imports. It was followed by the Netherlands, with a 2.5% share.
What are the leading importers of carpets and other textile floor coverings from Bulgaria?
+
In value terms, Saudi Arabia emerged as the key foreign market for carpet exports from Bulgaria, comprising 76% of total exports. The second position in the ranking was taken by Morocco, with a 17% share of total exports. It was followed by Romania, with a 2.2% share.
What is the average export price for carpets and other textile floor coverings in Bulgaria?
+
The average carpet export price stood at $8.2 per square meter in 2021, growing by 4.6% against the previous year.
What is the average import price for carpets and other textile floor coverings in Bulgaria?
+
The average carpet import price stood at $6.2 per square meter in 2021, jumping by 34% against the previous year.

This report provides an in-depth analysis of the carpet 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 13931100 - Knotted carpets and other knotted textile floor coverings
• Prodcom 13931200 - Woven carpets and other woven textile coverings (excluding tufted or flocked)
• Prodcom 13931300 - Tufted carpets and other tufted textile floor coverings
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:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. 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

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
REPORT DESCRIPTION
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2012–2022
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2012–2022
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2022
Table 2:
Market Volume, In Physical Terms, 2012–2022
Table 3:
Market Value, 2012–2022
Table 4:
Per Capita Consumption In 2007-2022
Table 5:
Imports, In Physical Terms, By Country, 2012–2022
Table 6:
Imports, In Value Terms, By Country, 2012–2022
Table 7:
Import Prices, By Country Of Origin, 2012–2022
Table 8:
Exports, In Physical Terms, By Country, 2012–2022
Table 9:
Exports, In Value Terms, By Country, 2012–2022
Table 10:
Export Prices, By Country Of Destination, 2012–2022
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2022
Figure 2:
Market Value, 2012–2022
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007-2022
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007-2022
Figure 5:
Trade Balance, In Physical Terms, 2007-2022
Figure 6:
Trade Balance, In Value Terms, 2007-2022
Figure 7:
Per Capita Consumption, 2007-2022
Figure 8:
Market Forecast To 2030
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2012–2022
Figure 21:
Production, In Value Terms, 2012–2022
Figure 22:
Imports, In Physical Terms, 2012–2022
Figure 23:
Imports, In Value Terms, 2012–2022
Figure 24:
Imports, In Physical Terms, By Country, 2022
Figure 25:
Imports, In Physical Terms, By Country, 2012–2022
Figure 26:
Imports, In Value Terms, By Country, 2012–2022
Figure 27:
Import Prices, By Country Of Origin, 2012–2022
Figure 28:
Exports, In Physical Terms, 2012–2022
Figure 29:
Exports, In Value Terms, 2012–2022
Figure 30:
Exports, In Physical Terms, By Country, 2022
Figure 31:
Exports, In Physical Terms, By Country, 2012–2022
Figure 32:
Exports, In Value Terms, By Country, 2012–2022
Figure 33:
Export Prices, By Country Of Destination, 2012–2022
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