Bulgaria: Chandelier Market Overview 2020

Chandelier Market Size in Bulgaria

The revenue of the chandelier market in Bulgaria amounted to $X in 2018, going down by -X% against the previous year. Over the period under review, chandelier consumption, however, continues to indicate a noticeable deduction. The growth pace was the most rapid in 2014 when the market value increased by X% year-to-year. Chandelier consumption peaked at $X in 2008; however, from 2009 to 2018, consumption stood at a somewhat lower figure.

Chandelier Production in Bulgaria

In value terms, chandelier production amounted to $X in 2018 estimated in export prices. Overall, chandelier production continues to indicate an abrupt downturn. The most prominent rate of growth was recorded in 2016 when production volume increased by X% year-to-year. Chandelier production peaked at $X in 2007; however, from 2008 to 2018, production stood at a somewhat lower figure.

Chandelier Exports

Exports from Bulgaria

Chandelier exports from Bulgaria amounted to X units in 2018, jumping by X% against the previous year. Over the period under review, chandelier exports continue to indicate a strong expansion. The pace of growth appeared the most rapid in 2016 when exports increased by X% against the previous year. Over the period under review, chandelier exports reached their peak figure in 2018 and are expected to retain its growth in the near future.

In value terms, chandelier exports amounted to $X in 2018. Over the period under review, chandelier exports continue to indicate a strong expansion. The pace of growth appeared the most rapid in 2012 when exports increased by X% against the previous year. Exports peaked in 2018 and are expected to retain its growth in the immediate term.

Exports by Country

The UK (X units), Italy (X units) and Hungary (X units) were the main destinations of chandelier exports from Bulgaria, with a combined X% share of total exports. Romania, Lithuania, Slovakia, Serbia, Greece, Croatia, Spain, Austria and Germany lagged somewhat behind, together accounting for a further X 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main countries of destination, was attained by Spain (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for chandelier exported from Bulgaria were Italy ($X), the UK ($X) and Hungary ($X), with a combined X% share of total exports. Romania, Greece, Germany, Serbia, Slovakia, Spain, Croatia, Lithuania and Austria lagged somewhat behind, together accounting for a further X (+X% per year) recorded the highest rates of growth with regard to exports, in terms of the main countries of destination over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the average chandelier export price amounted to $X per unit, surging by X% against the previous year. In general, the export price indicated noticeable growth from 2007 to 2018: its price 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, chandelier export price increased by +X% against 2016 indices. The pace of growth was the most pronounced in 2014 when the average export price increased by X% year-to-year. Over the period under review, the average export prices for chandeliers attained their maximum at $X per unit in 2015; however, from 2016 to 2018, export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2018, the country with the highest price was Germany ($X per unit), while the average price for exports to Lithuania ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Romania, while the prices for the other major destinations experienced more modest paces of growth.

Chandelier Imports

Imports into Bulgaria

In 2018, the imports of chandeliers into Bulgaria stood at X units, increasing by X% against the previous year. Over the period under review, chandelier imports continue to indicate resilient growth. The growth pace was the most rapid in 2016 with an increase of X% y-o-y. Over the period under review, chandelier imports reached their peak figure in 2018 and are expected to retain its growth in the immediate term.

In value terms, chandelier imports totaled $X in 2018. Over the period under review, chandelier imports continue to indicate a prominent expansion. The pace of growth was the most pronounced in 2016 when imports increased by X% against the previous year. Over the period under review, chandelier imports attained their peak figure in 2018 and are likely to see steady growth in the immediate term.

Imports by Country

In 2018, China (X units) constituted the largest chandelier supplier to Bulgaria, accounting for a X% share of total imports. Moreover, chandelier imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X units), more than tenfold. The third position in this ranking was occupied by Germany (X units), with a X% share.

From 2007 to 2018, the average annual growth rate of volume from China amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (-X% per year) and Germany (+X% per year).

In value terms, China ($X) constituted the largest supplier of chandelier to Bulgaria, comprising X% of total chandelier imports. The second position in the ranking was occupied by Germany ($X), with a X% share of total imports. It was followed by Romania, with a X% share.

From 2007 to 2018, the average annual growth rate of value from China totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+X% per year) and Romania (+X% per year).

Import Prices by Country

In 2018, the average chandelier import price amounted to $X per unit, therefore, remained relatively stable against the previous year. In general, the chandelier import price continues to indicate a slight deduction. The most prominent rate of growth was recorded in 2014 an increase of X% y-o-y. In that year, the average import prices for chandeliers reached their peak level of $X per unit. From 2015 to 2018, the growth in terms of the average import prices for chandeliers remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2018, the country with the highest price was Romania ($X per unit), while the price for China ($X per unit) was amongst the lowest.

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

Source: IndexBox AI Platform