Bulgaria: Carpet Market Overview 2020

Carpet Market Size in Bulgaria

The revenue of the carpet market in Bulgaria amounted to $X in 2018, jumping by X% against the previous year. Over the period under review, the total market indicated a buoyant expansion from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, carpet consumption increased by +X% against 2011 indices. The most prominent rate of growth was recorded in 2014 when the market value increased by X% year-to-year. Over the period under review, the carpet market reached its peak figure level in 2018 and is expected to retain its growth in the immediate term.

Carpet Production in Bulgaria

In value terms, carpet production amounted to $X in 2018 estimated in export prices. In general, carpet production continues to indicate resilient growth. The most prominent rate of growth was recorded in 2010 with an increase of X% against the previous year. Over the period under review, carpet production reached its maximum level in 2018 and is likely to see steady growth in the immediate term.

Carpet Exports

Exports from Bulgaria

In 2018, the amount of carpets and other textile floor coverings exported from Bulgaria amounted to X tonnes, shrinking by -X% against the previous year. Overall, carpet exports continue to indicate a measured slump. The pace of growth appeared the most rapid in 2010 with an increase of X% against the previous year. Over the period under review, carpet exports attained their maximum at X tonnes in 2015; however, from 2016 to 2018, exports stood at a somewhat lower figure.

In value terms, carpet exports stood at $X in 2018. In general, carpet exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2010 when exports increased by X% y-o-y. Bulgaria exports peaked at $X in 2015; however, from 2016 to 2018, exports stood at a somewhat lower figure.

Exports by Country

In 2018, Turkey (X tonnes), distantly followed by China (X tonnes), Belgium (X tonnes), the Netherlands (X tonnes), India (X tonnes) and the U.S. (X tonnes) were the major exporters of carpets and other textile floor coverings, together creating X% of total exports. The following exporters - Germany (X tonnes) and the UK (X tonnes) - each accounted for a X% share of total exports.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Turkey, while the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), China ($X) and Belgium ($X) constituted the countries with the highest levels of exports in 2018, with a combined X% share of total exports.

Among the main exporting countries, Turkey recorded the highest growth rate of exports, over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Export Prices by Country

The carpet export price in Bulgaria stood at $X per tonne in 2018, growing by X% against the previous year. Over the period from 2007 to 2018, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2008 an increase of X% y-o-y. Over the period under review, the export prices for carpets and other textile floor coverings reached their maximum at $X per tonne in 2013; however, from 2014 to 2018, export prices failed to regain their momentum.

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

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Germany, while the other leaders experienced more modest paces of growth.

Carpet Imports

Imports into Bulgaria

In 2018, approx. X tonnes of carpets and other textile floor coverings were imported into Bulgaria; reducing by -X% against the previous year. Overall, carpet imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of X% year-to-year. In that year, carpet imports reached their peak of X tonnes. From 2015 to 2018, the growth of carpet imports failed to regain its momentum.

In value terms, carpet imports totaled $X in 2018. Overall, carpet imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when imports increased by X% y-o-y. In that year, carpet imports attained their peak of $X. From 2015 to 2018, the growth of carpet imports remained at a somewhat lower figure.

Imports by Country

In 2018, the U.S. (X tonnes), distantly followed by the UK (X tonnes), Germany (X tonnes), Canada (X tonnes) and Saudi Arabia (X tonnes) represented the major importers of carpets and other textile floor coverings, together creating X% of total imports. The Netherlands (X tonnes), Belgium (X tonnes), Iraq (X tonnes), France (X tonnes), Australia (X tonnes), Japan (X tonnes) and Poland (X tonnes) took a relatively small share of total imports.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Saudi Arabia, while the other leaders experienced more modest paces of growth.

In value terms, the U.S. ($X) constitutes the largest market for imported carpets and other textile floor coverings into Bulgaria, comprising X% of global imports. The second position in the ranking was occupied by the UK ($X), with a X% share of global imports. It was followed by Germany, with a X% share.

From 2007 to 2018, the average annual growth rate of value in the U.S. amounted to +X%. In the other countries, the average annual rates were as follows: the UK (-X% per year) and Germany (-X% per year).

Import Prices by Country

The carpet import price in Bulgaria stood at $X per tonne in 2018, remaining stable against the previous year. Over the period under review, the carpet import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2010 an increase of X% year-to-year. Over the period under review, the import prices for carpets and other textile floor coverings reached their peak figure at $X per tonne in 2013; however, from 2014 to 2018, import prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Japan ($X per tonne), while Iraq ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Australia, while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox AI Platform