Latest Report Update: Mar 24, 2021

Bulgaria - Footwear - Market Analysis, Forecast, Size, Trends And Insights
Update: COVID-19 Impact

Licenses

You will receive a PDF copy of the report by email within 24 hours (Mon - Fri).

By clicking «Buy the Report», you agree to our Terms of Service, Privacy Policy and Licenses. We'll occasionally send you account related emails.

Bulgaria: Footwear Market Overview 2021

Footwear Market Size in Bulgaria

The Bulgarian footwear market amounted to $X in 2019, surging by X% against the previous year. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 when the market value increased by X% y-o-y. Over the period under review, the market reached the peak level at $X in 2009; however, from 2010 to 2019, consumption failed to regain the momentum.

Footwear Production in Bulgaria

In value terms, footwear production amounted to $X in 2019 estimated in export prices. In general, production, however, continues to indicate a noticeable setback. The pace of growth was the most pronounced in 2014 when the production volume increased by X% y-o-y. Over the period under review, production hit record highs at $X in 2011; however, from 2012 to 2019, production failed to regain the momentum.

Footwear Exports

Exports from Bulgaria

In 2019, overseas shipments of footwear increased by X% to X pairs, rising for the third year in a row after two years of decline. The total export volume increased at an average annual rate of +X% from 2007 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 when exports increased by X% y-o-y. As a result, exports reached the peak of X pairs. From 2015 to 2019, the growth exports remained at a somewhat lower figure.

In value terms, footwear exports stood at $X in 2019. In general, exports showed a noticeable downturn. The most prominent rate of growth was recorded in 2014 when exports increased by X% y-o-y. Exports peaked at $X in 2011; however, from 2012 to 2019, exports failed to regain the momentum.

Exports by Country

Italy (X pairs) was the main destination for footwear exports from Bulgaria, with a X% share of total exports. Moreover, footwear exports to Italy exceeded the volume sent to the second major destination, Romania (X pairs), threefold. Greece (X pairs) ranked third in terms of total exports with a X% share.

From 2007 to 2018, the average annual growth rate of volume to Italy totaled -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (+X% per year) and Greece (+X% per year).

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

From 2007 to 2018, the average annual growth rate of value to Italy amounted to -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Greece (-X% per year) and Romania (+X% per year).

Export Prices by Country

The average footwear export price stood at $X per pair in 2018, waning by -X% against the previous year. Over the period under review, the export price saw a noticeable decrease. The pace of growth appeared the most rapid in 2009 when the average export price increased by X% against the previous year. The export price peaked at $X per pair in 2011; however, from 2012 to 2018, export prices stood at a somewhat lower figure.

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

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Russia, while the prices for the other major destinations experienced mixed trend patterns.

Footwear Imports

Imports into Bulgaria

Footwear imports into Bulgaria amounted to X pairs in 2019, picking up by X% against the year before. Over the period under review, imports recorded pronounced growth. The pace of growth was the most pronounced in 2016 when imports increased by X% year-to-year. Over the period under review, imports hit record highs at X pairs in 2017; however, from 2018 to 2019, imports stood at a somewhat lower figure.

In value terms, footwear imports stood at $X in 2019. In general, imports recorded a resilient increase. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, imports attained the maximum in 2019 and are expected to retain growth in the near future.

Imports by Country

In 2018, China (X pairs) constituted the largest footwear supplier to Bulgaria, with a X% share of total imports. Moreover, footwear imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X pairs), threefold. The third position in this ranking was occupied by Poland (X pairs), 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 Poland (+X% per year).

In value terms, China ($X), Turkey ($X) and Viet Nam ($X) were the largest footwear suppliers to Bulgaria, with a combined X% share of total imports.

Viet Nam recorded the highest rates of growth with regard to the value of imports, among 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 footwear import price stood at $X per pair in 2018, rising by X% against the previous year. Over the period from 2007 to 2018, it increased at an average annual rate of +X%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by the country of origin; the country with the highest price was Viet Nam ($X per pair), while the price for China ($X per pair) was amongst the lowest.

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

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for footwear in the world?
+
China (5.2B pairs) remains the largest footwear consuming country worldwide, accounting for 31% of total volume. Moreover, footwear consumption in China exceeded the figures recorded by the second-largest consumer, the U.S. (1.8B pairs), threefold. India (597M pairs) ranked third in terms of total consumption with a 3.5% share.
What are the largest producers of footwear in the world?
+
China (11B pairs) remains the largest footwear producing country worldwide, comprising approx. 66% of total volume. Moreover, footwear production in China exceeded the figures recorded by the second-largest producer, Viet Nam (762M pairs), more than tenfold. India (639M pairs) ranked third in terms of total production with a 3.8% share.
What are the leading suppliers of footwear to Bulgaria?
+
In value terms, China ($7.2M), Turkey ($4.4M) and Viet Nam ($3.8M) were the largest footwear suppliers to Bulgaria, together accounting for 10% of total imports.
What are the leading importers of footwear from Bulgaria?
+
In value terms, Italy ($11M) remains the key foreign market for footwear exports from Bulgaria, comprising 10% of total exports. The second position in the ranking was occupied by Greece ($2.2M), with a 2.1% share of total exports. It was followed by Romania, with a 1.8% share.
What is the average export price for footwear in Bulgaria?
+
In 2018, the average footwear export price amounted to $9.1 per pair, which is down by -21.5% against the previous year.
What is the average import price for footwear in Bulgaria?
+
In 2018, the average footwear import price amounted to $6.4 per pair, jumping by 28% against the previous year.

Product coverage:
• Prodcom 15201444 - Slippers and other indoor footwear (including dancing and bedroom slippers, mules) with uppers of textile materials
• Prodcom 15201445 - Footwear with rubber, plastic or leather outer soles and textile uppers (excluding slippers and other indoor footwear, sports footwear)
• Prodcom 15201446 - Footwear with textile uppers (excluding slippers and other indoor footwear as well as footwear with outer soles of rubber, plastics, leather or composition leather)
• Prodcom 15201330 - Footwear with a wooden base and leather uppers (including clogs) (excluding with an inner sole or a protective metal toecap)
• Prodcom 15201351 - Men
• Prodcom 15201352 - Women
• Prodcom 15201353 - Children
• Prodcom 15201361 - Men
• Prodcom 15201362 - Women
• Prodcom 15201363 - Children
• Prodcom 15201370 - Slippers and other indoor footwear with rubber, plastic or leather outer soles and leather uppers (including dancing and bedroom slippers, mules)
• Prodcom 15201380 - Footwear with wood, cork or other outer soles and leather uppers (excluding outer soles of rubber, plastics or leather)
• Prodcom 15201210 - Sandals with rubber or plastic outer soles and uppers (including thong-type sandals, flip flops)
• Prodcom 15201231 - Town footwear with rubber or plastic uppers
• Prodcom 15201237 - Slippers and other indoor footwear with rubber or plastic outer soles and plastic uppers (including bedroom and dancing slippers, mules)
• Prodcom 15201100 - Waterproof footwear, with uppers in rubber or plastics (excluding incorporating a protective metal toecap)

This report provides an in-depth analysis of the footwear market in Bulgaria. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.


Country coverage:
• Bulgaria

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Bulgaria
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2007–2020
Figure 21:
Production, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, 2007–2020
Figure 23:
Imports, In Value Terms, 2007–2020
Figure 24:
Imports, In Physical Terms, By Country, 2020
Figure 25:
Imports, In Physical Terms, By Country, 2007–2020
Figure 26:
Imports, In Value Terms, By Country, 2007–2020
Figure 27:
Import Prices, By Country Of Origin, 2007–2020
Figure 28:
Exports, In Physical Terms, 2007–2020
Figure 29:
Exports, In Value Terms, 2007–2020
Figure 30:
Exports, In Physical Terms, By Country, 2020
Figure 31:
Exports, In Physical Terms, By Country, 2007–2020
Figure 32:
Exports, In Value Terms, By Country, 2007–2020
Figure 33:
Export Prices, By Country Of Destination, 2007–2020

Webinar: Global Ethanol Market - Statistics, Trends, and Outlook



Join our live webinar to get insights into the global ethanol market.



Thursday, June 24th, 2021 @ 04:00 pm ET


Register

Webinar: Global Coal Market - Statistics, Trends, and Outlook



Join our live webinar to get insights into the global сoal market.



Thursday, July 15th, 2021 @ 04:00 pm ET


Register

Webinar: Global Beef Market - Statistics, Trends, and Outlook



Join our live webinar to get insights into the global beef market.



Thursday, September 16th, 2021 @ 04:00 pm ET


Register
Ready to Get Started?
We can help you conduct market research and write a report using the most reliable data