Bulgaria: Christmas Decoration Market 2024

Christmas Decoration Market Size in Bulgaria

The Bulgarian christmas decoration market skyrocketed to $X in 2022, picking up by X% against the previous year. Overall, consumption continues to indicate buoyant growth. Christmas decoration consumption peaked in 2022 and is likely to see steady growth in years to come.

Christmas Decoration Production in Bulgaria

In value terms, christmas decoration production rose significantly to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a prominent expansion. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% against the previous year. Over the period under review, production reached the maximum level in 2022 and is likely to continue growth in years to come.

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Christmas Decoration Exports

Exports from Bulgaria

For the fifth consecutive year, Bulgaria recorded growth in shipments abroad of christmas decoration, which increased by X% to X units in 2022. Overall, exports enjoyed a strong expansion. The pace of growth appeared the most rapid in 2018 when exports increased by X%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, christmas decoration exports amounted to $X in 2022. In general, exports recorded a resilient increase. The pace of growth was the most pronounced in 2015 when exports increased by X% against the previous year. The exports peaked in 2022 and are likely to continue growth in years to come.

Exports by Country

Slovenia (X units), Serbia (X units) and Croatia (X units) were the main destinations of christmas decoration exports from Bulgaria, together comprising X% of total exports. Romania, Montenegro, Greece, Georgia and North Macedonia lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Montenegro (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Slovenia ($X), Serbia ($X) and Romania ($X) appeared to be the largest markets for christmas decoration exported from Bulgaria worldwide, together comprising X% of total exports.

Among the main countries of destination, Romania, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average christmas decoration export price stood at $X per unit in 2022, flattening at the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 an increase of X% against the previous year. The export price peaked at $X per unit in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Georgia ($X per unit) and Romania ($X per unit), while the average price for exports to Slovenia ($X per unit) and Serbia ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Romania (X%), while the prices for the other major destinations experienced more modest paces of growth.

Christmas Decoration Imports

Imports into Bulgaria

In 2022, overseas purchases of christmas decoration increased by X% to X units for the first time since 2019, thus ending a two-year declining trend. In general, total imports indicated buoyant growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, christmas decoration imports skyrocketed to $X in 2022. Overall, imports continue to indicate a prominent increase. The pace of growth was the most pronounced in 2014 when imports increased by X% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, China (X units) constituted the largest christmas decoration supplier to Bulgaria, accounting for a X% share of total imports. Moreover, christmas decoration imports from China exceeded the figures recorded by the second-largest supplier, Hungary (X units), sixfold. The third position in this ranking was taken by Romania (X units), with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Hungary (X% per year) and Romania (X% per year).

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

From 2012 to 2022, the average annual growth rate of value from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Romania (X% per year) and Germany (X% per year).

Import Prices by Country

The average christmas decoration import price stood at $X per unit in 2022, dropping by X% against the previous year. Overall, the import price, however, enjoyed a prominent increase. The growth pace was the most rapid in 2018 an increase of X% against the previous year. Over the period under review, average import prices reached the maximum at $X per unit in 2021, and then dropped slightly in the following year.

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

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

Source: IndexBox Platform

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