Bulgaria: Cotton Yarn Market 2024

Cotton Yarn Market Size in Bulgaria

In 2022, the Bulgarian cotton yarn market increased by X% to $X, rising for the second year in a row after three years of decline. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Cotton Yarn Production in Bulgaria

In value terms, cotton yarn production rose markedly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2016 when the production volume increased by X% against the previous year. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Cotton Yarn Exports

Exports from Bulgaria

In 2022, after two years of growth, there was significant decline in overseas shipments of cotton yarn, when their volume decreased by X% to X tons. Overall, exports, however, recorded buoyant growth. The most prominent rate of growth was recorded in 2021 when exports increased by X%. As a result, the exports reached the peak of X tons, and then reduced remarkably in the following year.

In value terms, cotton yarn exports dropped to $X in 2022. In general, exports, however, posted a resilient increase. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. As a result, the exports reached the peak of $X, and then declined in the following year.

Exports by Country

Greece (X tons) was the main destination for cotton yarn exports from Bulgaria, with a X% share of total exports. Moreover, cotton yarn exports to Greece exceeded the volume sent to the second major destination, Germany (X tons), fourfold. Italy (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Greece totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and Italy (X% per year).

In value terms, the largest markets for cotton yarn exported from Bulgaria were Greece ($X), Germany ($X) and Italy ($X), together accounting for X% of total exports. Norway, Spain, France, the Netherlands, Turkey, Romania, Poland, Serbia and North Macedonia lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, the Netherlands, with a CAGR of X%, saw the highest rates of growth with regard to 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 cotton yarn export price stood at $X per ton in 2022, surging by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The growth pace was the most rapid in 2016 an increase of X%. The export price peaked in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Poland ($X per ton), while the average price for exports to North Macedonia ($X per ton) was amongst the lowest.

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

Cotton Yarn Imports

Imports into Bulgaria

In 2022, the amount of cotton yarn imported into Bulgaria contracted significantly to X tons, shrinking by X% against the previous year. Overall, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports failed to regain momentum.

In value terms, cotton yarn imports contracted slightly to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of $X, and then contracted in the following year.

Imports by Country

In 2022, Turkey (X tons) constituted the largest supplier of cotton yarn to Bulgaria, accounting for a X% share of total imports. Moreover, cotton yarn imports from Turkey exceeded the figures recorded by the second-largest supplier, India (X tons), fourfold. The third position in this ranking was taken by Pakistan (X tons), with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Turkey was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and Pakistan (X% per year).

In value terms, Turkey ($X) constituted the largest supplier of cotton yarn to Bulgaria, comprising X% of total imports. The second position in the ranking was held by India ($X), with a X% share of total imports. It was followed by Pakistan, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Turkey stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and Pakistan (X% per year).

Import Prices by Country

The average cotton yarn import price stood at $X per ton in 2022, surging by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to continue growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per ton), while the price for India ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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