Bulgaria: Pantyhose Market Overview 2021

Pantyhose Market Size in Bulgaria

In 2019, the Bulgarian pantyhose market increased by X% to $X, rising for the third consecutive year after three years of decline. Over the period under review, consumption, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 with an increase of X% year-to-year. As a result, consumption attained the peak level of $X. From 2012 to 2019, the growth of the market failed to regain the momentum.

Pantyhose Production in Bulgaria

In value terms, pantyhose production stood at $X in 2019 estimated in export prices. Overall, the total production indicated modest growth from 2007 to 2019: its value decreased at an average annual rate of -X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, production increased by +X% against 2016 indices. The pace of growth was the most pronounced in 2011 when the production volume increased by X% against the previous year. Over the period under review, production reached the maximum level at $X in 2008; however, from 2009 to 2019, production remained at a lower figure.

Pantyhose Exports

Exports from Bulgaria

In 2019, shipments abroad of pantyhose and tights increased by X% to X pairs, rising for the third consecutive year after six years of decline. Overall, exports, however, showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. Exports peaked at X pairs in 2008; however, from 2009 to 2019, exports remained at a lower figure.

In value terms, pantyhose exports totaled $X in 2019. In general, exports, however, saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2018 with an increase of X% year-to-year. Over the period under review, exports hit record highs at $X in 2009; however, from 2010 to 2019, exports failed to regain the momentum.

Exports by Country

Greece (X pairs) was the main destination for pantyhose exports from Bulgaria, with a X% share of total exports. Moreover, pantyhose exports to Greece exceeded the volume sent to the second major destination, Georgia (X pairs), ninefold. The third position in this ranking was occupied by Spain (X pairs), with a X% share.

From 2007 to 2019, the average annual growth rate of volume to Greece amounted to -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Georgia (+X% per year) and Spain (+X% per year).

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

From 2007 to 2019, the average annual growth rate of value to Greece amounted to -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+X% per year) and Georgia (+X% per year).

Export Prices by Country

In 2019, the average pantyhose export price amounted to $X per pair, falling by -X% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of X% against the previous year. As a result, export price reached the peak level of $X per pair. From 2017 to 2019, the growth in terms of the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2019, the country with the highest price was Germany ($X per pair), while the average price for exports to Greece ($X per pair) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Germany, while the prices for the other major destinations experienced a decline.

Pantyhose Imports

Imports into Bulgaria

In 2019, purchases abroad of pantyhose and tights increased by X% to X pairs, rising for the fourth year in a row after three years of decline. In general, imports, however, continue to indicate a pronounced descent. The pace of growth was the most pronounced in 2018 with an increase of X% year-to-year. Imports peaked at X pairs in 2012; however, from 2013 to 2019, imports stood at a somewhat lower figure.

In value terms, pantyhose imports reached $X in 2019. Over the period under review, imports, however, saw a deep setback. The pace of growth appeared the most rapid in 2017 with an increase of X% year-to-year. Imports peaked at $X in 2012; however, from 2013 to 2019, imports failed to regain the momentum.

Imports by Country

In 2019, Turkey (X pairs) constituted the largest pantyhose supplier to Bulgaria, with a X% share of total imports. Moreover, pantyhose imports from Turkey exceeded the figures recorded by the second-largest supplier, China (X pairs), twofold. Italy (X pairs) ranked third in terms of total imports with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of volume from Turkey totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+X% per year) and Italy (-X% per year).

In value terms, the largest pantyhose suppliers to Bulgaria were Italy ($X), Turkey ($X) and Germany ($X), together comprising X% of total imports. These countries were followed by China, Belgium, Serbia and Greece, which together accounted for a further X saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2019, the average pantyhose import price amounted to $X per pair, waning by -X% against the previous year. Over the period under review, the import price continues to indicate a drastic downturn. The growth pace was the most rapid in 2015 when the average import price increased by X% year-to-year. Over the period under review, average import prices attained the maximum at $X per pair in 2007; however, from 2008 to 2019, import prices failed to regain the momentum.

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

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Germany, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for pantyhose and tights in the world?

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The countries with the highest volumes of pantyhose consumption in 2019 were China (590M pairs), Turkey (343M pairs) and Serbia (233M pairs), with a combined 32% share of global consumption.

What are the largest producers of pantyhose and tights in the world?

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The countries with the highest volumes of pantyhose production in 2019 were China (642M pairs), Turkey (357M pairs) and Serbia (243M pairs), together comprising 34% of global production. Japan, Belarus, Poland, Indonesia, Pakistan and Croatia lagged somewhat behind, together comprising a further 16%.

What are the leading suppliers of pantyhose and tights to Bulgaria?

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In value terms, Italy ($1.1M), Turkey ($945K) and Germany ($357K) constituted the largest pantyhose suppliers to Bulgaria, together comprising 68% of total imports. China, Belgium, Serbia and Greece lagged somewhat behind, together accounting for a further 16%.

What are the leading importers of pantyhose and tights from Bulgaria?

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In value terms, Greece ($1.1M) remains the key foreign market for pantyhose exports from Bulgaria, comprising 56% of total exports. The second position in the ranking was occupied by Spain ($312K), with a 16% share of total exports. It was followed by Georgia, with a 10% share.

What is the average export price for pantyhose and tights in Bulgaria?

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The average pantyhose export price stood at $14 per pair in 2019, shrinking by -6.6% against the previous year.

What is the average import price for pantyhose and tights in Bulgaria?

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In 2019, the average pantyhose import price amounted to $6.3 per pair, which is down by -14.4% against the previous year.