Bulgaria: Carpet Market Overview 2021

Carpet Market Size in Bulgaria

The Bulgarian carpet market fell notably to $X in 2019, shrinking by -X% against the previous year. In general, consumption showed a slight downturn. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, the market attained the peak level at $X in 2014; however, from 2015 to 2019, consumption failed to regain the momentum.

Carpet Production in Bulgaria

In value terms, carpet production reduced notably to $X in 2019 estimated in export prices. Overall, production recorded a dramatic downturn. The pace of growth was the most pronounced in 2018 when the production volume increased by X% y-o-y. Carpet production peaked at $X in 2007; however, from 2008 to 2019, production stood at a somewhat lower figure.

Carpet Exports

Exports from Bulgaria

Carpet exports from Bulgaria expanded significantly to X tonnes in 2019, picking up by X% against the previous year. Over the period under review, exports, however, recorded a perceptible shrinkage. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. As a result, exports reached the peak of X tonnes. From 2016 to 2019, the growth exports remained at a lower figure.

In value terms, carpet exports contracted to $X in 2019. In general, exports, however, showed a mild slump. The pace of growth appeared the most rapid in 2015 when exports increased by X% y-o-y. Over the period under review, exports reached the peak figure at $X in 2017; however, from 2018 to 2019, exports failed to regain the momentum.

Exports by Country

Turkey (X tonnes), Greece (X tonnes) and Romania (X tonnes) were the main destinations of carpet exports from Bulgaria, together accounting for X% of total exports. The U.S., Italy, Jordan and Germany lagged somewhat behind, together comprising a further X 2007 to 2019, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Jordan (+X% per year), while exports for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X) emerged as the key foreign market for carpet exports from Bulgaria, comprising X% of total exports. The second position in the ranking was occupied by Italy ($X), with a X% share of total exports. It was followed by Greece, with a X% share.

From 2007 to 2019, the average annual growth rate of value to Turkey stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+X% per year) and Greece (+X% per year).

Export Prices by Country

The average carpet export price stood at $X per tonne in 2019, falling by -X% against the previous year. In general, export price indicated a tangible expansion from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, carpet export price decreased by -X% against 2017 indices. The most prominent rate of growth was recorded in 2016 an increase of X% y-o-y. Over the period under review, average export prices attained the peak figure at $X per tonne in 2017; however, from 2018 to 2019, export prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Germany ($X per tonne), while the average price for exports to Greece ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Germany, while the prices for the other major destinations experienced more modest paces of growth.

Carpet Imports

Imports into Bulgaria

In 2019, after two years of decline, there was significant growth in overseas purchases of carpets and other textile floor coverings, when their volume increased by X% to X tonnes. In general, imports, however, continue to indicate a mild descent. The pace of growth was the most pronounced in 2013 with an increase of X% y-o-y. Over the period under review, imports hit record highs at X tonnes in 2016; however, from 2017 to 2019, imports failed to regain the momentum.

In value terms, carpet imports rose modestly to $X in 2019. Overall, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at $X in 2015; however, from 2016 to 2019, imports failed to regain the momentum.

Imports by Country

In 2019, Turkey (X tonnes) constituted the largest carpet supplier to Bulgaria, with a X% share of total imports. Moreover, carpet imports from Turkey exceeded the figures recorded by the second-largest supplier, Belgium (X tonnes), twofold. The Netherlands (X tonnes) ranked third in terms of total imports with a X% share.

From 2007 to 2019, the average annual growth rate of volume from Turkey was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (-X% per year) and the Netherlands (+X% per year).

In value terms, the largest carpet suppliers to Bulgaria were Turkey ($X), Belgium ($X) and the Netherlands ($X), with a combined X% share of total imports. These countries were followed by Italy, Poland, Germany, China, India and Serbia, which together accounted for a further X (+X% per year) 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 carpet import price stood at $X per tonne in 2019, which is down by -X% against the previous year. Over the last twelve-year period, it increased at an average annual rate of +X%. The pace of growth was the most pronounced in 2011 an increase of X% against the previous year. As a result, import price attained the peak level of $X per tonne. From 2012 to 2019, the growth in terms of the average import prices remained at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Italy ($X per tonne), while the price for Turkey ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Italy, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for carpets and other textile floor coverings in the world?

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China (1M tonnes) constituted the country with the largest volume of carpet consumption, accounting for 22% of total volume. Moreover, carpet consumption in China exceeded the figures recorded by the second-largest consumer, the U.S. (473K tonnes), twofold. The third position in this ranking was occupied by India (422K tonnes), with a 9.1% share.

What are the largest producers of carpets and other textile floor coverings in the world?

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The countries with the highest volumes of carpet production in 2019 were China (1.4M tonnes), Turkey (795K tonnes) and India (528K tonnes), together accounting for 57% of global production.

What are the leading suppliers of carpets and other textile floor coverings to Bulgaria?

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In value terms, Turkey ($7.2M), Belgium ($5.2M) and the Netherlands ($2.2M) appeared to be the largest carpet suppliers to Bulgaria, together accounting for 67% of total imports. Italy, Poland, Germany, China, India and Serbia lagged somewhat behind, together accounting for a further 24%.

What are the leading importers of carpets and other textile floor coverings from Bulgaria?

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In value terms, Turkey ($3M) emerged as the key foreign market for carpet exports from Bulgaria, comprising 37% of total exports. The second position in the ranking was occupied by Italy ($1.1M), with a 14% share of total exports. It was followed by Greece, with a 12% share.

What is the average export price for carpets and other textile floor coverings in Bulgaria?

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The average carpet export price stood at $9,095 per tonne in 2019, with a decrease of -17.2% against the previous year.

What is the average import price for carpets and other textile floor coverings in Bulgaria?

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In 2019, the average carpet import price amounted to $7,181 per tonne, with a decrease of -1.9% against the previous year.