Bulgaria - Household Sewing Machines - Market Analysis, Forecast, Size, Trends and Insights

Bulgaria: Household Sewing Machine Market Overview 2020

Household Sewing Machine Market Size in Bulgaria

The revenue of the household sewing machine market in Bulgaria amounted to $X in 2018, leveling off at the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, household sewing machine consumption continues to indicate an abrupt reduction. The growth pace was the most rapid in 2011 with an increase of X% year-to-year. Over the period under review, the household sewing machine market attained its maximum level at $X in 2007; however, from 2008 to 2018, consumption stood at a somewhat lower figure.

Household Sewing Machine Exports

Exports from Bulgaria

Household sewing machine exports from Bulgaria totaled X units in 2018, reducing by -X% against the previous year. In general, household sewing machine exports continue to indicate a mild deduction. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Exports peaked at X units in 2009; however, from 2010 to 2018, exports stood at a somewhat lower figure.

In value terms, household sewing machine exports totaled $X in 2018. Over the period under review, household sewing machine exports continue to indicate an abrupt drop. The growth pace was the most rapid in 2015 when exports increased by X% year-to-year. Exports peaked at $X in 2007; however, from 2008 to 2018, exports stood at a somewhat lower figure.

Exports by Country

The Netherlands (X units), Serbia (X units) and Denmark (X units) were the main destinations of household sewing machine exports from Bulgaria, with a combined X% share of total exports.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main countries of destination, was attained by Serbia, while the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Greece ($X) and Denmark ($X) appeared to be the largest markets for household sewing machine exported from Bulgaria worldwide, with a combined X% share of total exports. Serbia, the Dominican Republic, Montenegro, Italy and Germany lagged somewhat behind, together accounting for a further X (+X% per year) experienced the highest growth rate of exports, in terms of the main countries of destination over the last eleven years, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the average household sewing machine export price amounted to $X per unit, reducing by -X% against the previous year. Over the period under review, the household sewing machine export price continues to indicate a drastic descent. The most prominent rate of growth was recorded in 2010 when the average export price increased by X% year-to-year. Over the period under review, the average export prices for household sewing machines reached their maximum at $X per unit in 2014; however, from 2015 to 2018, export prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Greece ($X per unit), while the average price for exports to Germany ($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 Serbia, while the prices for the other major destinations experienced more modest paces of growth.

Household Sewing Machine Imports

Imports into Bulgaria

In 2018, the amount of household sewing machines imported into Bulgaria totaled X units, falling by -X% against the previous year. Over the period under review, household sewing machine imports continue to indicate an abrupt descent. The most prominent rate of growth was recorded in 2011 when imports increased by X% y-o-y. Over the period under review, household sewing machine imports attained their peak figure at X units in 2008; however, from 2009 to 2018, imports remained at a lower figure.

In value terms, household sewing machine imports totaled $X in 2018. Over the period under review, household sewing machine imports continue to indicate a drastic contraction. The pace of growth appeared the most rapid in 2011 with an increase of X% y-o-y. Over the period under review, household sewing machine imports attained their peak figure at $X in 2009; however, from 2010 to 2018, imports remained at a lower figure.

Imports by Country

Greece (X units), Macedonia (X units) and China (X units) were the main suppliers of household sewing machine imports to Bulgaria, together comprising X% of total imports.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main suppliers, was attained by Macedonia (+X% per year), while the other leaders experienced more modest paces of growth.

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

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

Import Prices by Country

The average household sewing machine import price stood at $X per unit in 2018, growing by X% against the previous year. In general, the import price indicated significant growth from 2007 to 2018: its price increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, household sewing machine import price increased by +X% against 2014 indices. The growth pace was the most rapid in 2015 when the average import price increased by X% against the previous year. The import price peaked in 2018 and is expected to retain its growth in the immediate term.

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

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

Source: IndexBox AI Platform