Bulgaria: Ski Footwear Market 2021

Ski Footwear Market Size in Bulgaria

The Bulgarian ski footwear market shrank notably to $X in 2020, waning by -X% against 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). Over the period under review, consumption recorded a perceptible descent. The most prominent rate of growth was recorded in 2013 with an increase of X% year-to-year. Over the period under review, the market hit record highs at $X in 2008; however, from 2009 to 2020, consumption failed to regain the momentum.

Ski Footwear Exports

Exports from Bulgaria

In 2020, approx. X pairs of ski-boots, snowboard boots and cross-country ski footwear were exported from Bulgaria; with a decrease of -X% against 2019. Overall, exports, however, saw a prominent expansion. The growth pace was the most rapid in 2018 when exports increased by X% year-to-year. As a result, exports reached the peak of X pairs. from 2019 to 2020, the growth exports failed to regain the momentum.

In value terms, ski footwear exports fell notably to $X in 2020. In general, exports, however, showed a abrupt decrease. The pace of growth appeared the most rapid in 2014 with an increase of X% y-o-y. Over the period under review, exports attained the peak figure at $X in 2018; however, from 2019 to 2020, exports remained at a lower figure.

Exports by Country

Georgia (X pairs) was the main destination for ski footwear exports from Bulgaria, accounting for a approx. X% share of total exports.

From 2007 to 2020, the average annual rate of growth in terms of volume to Georgia totaled +X%.

In value terms, Georgia ($X) also remains the key foreign market for ski footwear exports from Bulgaria.

From 2007 to 2020, the average annual growth rate of value to Georgia totaled -X%.

Export Prices by Country

The average ski footwear export price stood at $X per pair in 2020, which is down by -X% against the previous year. Over the period under review, the export price continues to indicate a abrupt setback. The pace of growth appeared the most rapid in 2017 an increase of X% y-o-y. Over the period under review, average export prices hit record highs at $X per pair in 2007; however, from 2008 to 2020, export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Georgia.

From 2007 to 2020, the rate of growth in terms of prices for Georgia amounted to -X% per year.

Ski Footwear Imports

Imports into Bulgaria

For the fourth year in a row, Bulgaria recorded decline in purchases abroad of ski-boots, snowboard boots and cross-country ski footwear, which decreased by -X% to X pairs in 2020. Overall, imports showed a abrupt shrinkage. The growth pace was the most rapid in 2013 when imports increased by X% y-o-y. Over the period under review, imports attained the maximum at X pairs in 2016; however, from 2017 to 2020, imports remained at a lower figure.

In value terms, ski footwear imports dropped remarkably to $X in 2020. Over the period under review, imports showed a perceptible contraction. The growth pace was the most rapid in 2013 with an increase of X% y-o-y. Imports peaked at $X in 2008; however, from 2009 to 2020, imports stood at a somewhat lower figure.

Imports by Country

In 2020, France (X pairs) constituted the largest supplier of ski footwear to Bulgaria, with a X% share of total imports. Moreover, ski footwear imports from France exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X pairs), twofold. Italy (X pairs) ranked third in terms of total imports with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume from France stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+X% per year) and Italy (-X% per year).

In value terms, France ($X), Italy ($X) and Austria ($X) were the largest ski footwear suppliers to Bulgaria, together accounting for X% of total imports. Germany, the Czech Republic, the United Arab Emirates and Switzerland lagged somewhat behind, together comprising a further X saw 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

In 2020, the average ski footwear import price amounted to $X per pair, increasing by X% against the previous year. Overall, import price indicated tangible growth from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, ski footwear import price increased by +X% against 2016 indices. 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 Austria ($X per pair), while the price for the United Arab Emirates ($X per pair) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Austria, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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