Bulgaria: Cushion Cover Market 2022

Cushion Cover Market Size in Bulgaria

The Bulgarian cushion cover market expanded notably to $X in 2021, increasing by 15% against the previous year. Over the period under review, consumption enjoyed a significant increase. Over the period under review, the market hit record highs in 2021 and is likely to continue growth in the near future.

Cushion Cover Production in Bulgaria

In value terms, cushion cover production shrank to $X in 2021 estimated in export price. Over the period under review, production enjoyed significant growth. The pace of growth appeared the most rapid in 2018 when the production volume increased by 135% against the previous year. Cushion cover production peaked at $X in 2020, and then contracted in the following year.

Cushion Cover Exports

Exports from Bulgaria

In 2021, shipments abroad of furnishing articles for car seats decreased by -40.8% to X tons, falling for the fourth consecutive year after six years of growth. Overall, exports continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2017 with an increase of 84% against the previous year. As a result, the exports reached the peak of X tons. From 2018 to 2021, the growth of the exports failed to regain momentum.

In value terms, cushion cover exports rose to $X in 2021. In general, exports, however, saw a mild increase. The pace of growth appeared the most rapid in 2017 with an increase of 42% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Romania (X tons), Austria (X tons) and Serbia (X tons) were the main destinations of cushion cover exports from Bulgaria, with a combined 59% share of total exports.

From 2012 to 2021, the biggest increases were in Austria (with a CAGR of +86.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Austria ($X), Greece ($X) and Romania ($X) constituted the largest markets for cushion cover exported from Bulgaria worldwide, together comprising 69% of total exports.

In terms of the main countries of destination, Austria, with a CAGR of +97.9%, 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

In 2021, the average cushion cover export price amounted to $X per ton, picking up by 77% against the previous year. Overall, the export price enjoyed a remarkable increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was Greece ($X per ton), while the average price for exports to North Macedonia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Bosnia and Herzegovina (+11.9%), while the prices for the other major destinations experienced more modest paces of growth.

Cushion Cover Imports

Imports into Bulgaria

In 2021, imports of furnishing articles for car seats into Bulgaria expanded sharply to X tons, increasing by 6.9% against the previous year. Over the period under review, imports showed strong growth. The pace of growth appeared the most rapid in 2017 when imports increased by 59%. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, cushion cover imports soared to $X in 2021. Overall, imports showed a strong increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Turkey (X tons), China (X tons) and Greece (X tons) were the main suppliers of cushion cover imports to Bulgaria, with a combined 76% share of total imports. Serbia, Pakistan, Germany and the Netherlands lagged somewhat behind, together accounting for a further 20%.

From 2012 to 2021, the biggest increases were in Serbia (with a CAGR of +140.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest cushion cover suppliers to Bulgaria were China ($X), Serbia ($X) and Turkey ($X), together accounting for 66% of total imports.

Serbia, with a CAGR of +125.9%, saw the highest growth rate of 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 cushion cover import price stood at $X per ton in 2021, surging by 41% against the previous year. Over the period under review, import price indicated a slight increase from 2012 to 2021: its price increased at an average annual rate of +1.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, cushion cover import price increased by +25.4% against 2018 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Germany ($X per ton), while the price for Greece ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+8.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Market Intelligence Platform

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