Bulgaria: Textile Tubing Market 2023

Textile Tubing Market Size in Bulgaria

The Bulgarian textile tubing market plummeted to $X in 2021, falling by -65.5% against the previous year. In general, consumption faced a precipitous decline. Over the period under review, the market attained the peak level at $X in 2020, and then fell rapidly in the following year.

Textile Tubing Production in Bulgaria

In value terms, textile tubing production shrank remarkably to $X in 2021 estimated in export price. Overall, production showed a precipitous descent. Textile tubing production peaked at $X in 2020, and then shrank sharply in the following year.

Textile Tubing Exports

Exports from Bulgaria

Textile tubing exports from Bulgaria skyrocketed to X tons in 2021, increasing by 137% against the year before. Overall, exports enjoyed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, textile tubing exports skyrocketed to $X in 2021. In general, total exports indicated a significant increase from 2020 to 2021: its value increased at an average annual rate of +56.3% over the last one years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Belgium (X tons) was the main destination for textile tubing exports from Bulgaria, with a 93% share of total exports. Moreover, textile tubing exports to Belgium exceeded the volume sent to the second major destination, Germany (X tons), more than tenfold.

From 2020 to 2021, the average annual growth rate of volume to Belgium amounted to +336.3%.

In value terms, Belgium ($X) emerged as the key foreign market for textile hosepiping and similar textile tubing exports from Bulgaria, comprising 59% of total exports. The second position in the ranking was held by Germany ($X), with a 4.5% share of total exports.

From 2020 to 2021, the average annual rate of growth in terms of value to Belgium amounted to +503.0%.

Export Prices by Country

In 2021, the average textile tubing export price amounted to $X per ton, with a decrease of -34% against the previous year. In general, the export price saw a sharp decline. The export price peaked at $X per ton in 2020, and then plummeted in the following year.

Average prices varied somewhat for the major external markets. In 2021, the country with the highest price was Germany ($X per ton), while the average price for exports to Belgium stood at $X per ton.

From 2020 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+38.2%).

Textile Tubing Imports

Imports into Bulgaria

In 2021, textile tubing imports into Bulgaria rose markedly to X tons, with an increase of 12% compared with the year before. The total import volume increased at an average annual rate of +11.6% from 2020 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, textile tubing imports soared to $X in 2021. The total import value increased at an average annual rate of +23.5% over the period from 2020 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Germany (X tons), Sweden (X tons) and China (X tons) were the main suppliers of textile tubing imports to Bulgaria, with a combined 82% share of total imports. Poland, Croatia, the Czech Republic and Greece lagged somewhat behind, together accounting for a further 16%.

From 2020 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +10.6%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Germany ($X) constituted the largest supplier of textile hosepiping and similar textile tubing to Bulgaria, comprising 69% of total imports. The second position in the ranking was held by China ($X), with an 11% share of total imports. It was followed by Poland, with an 8.4% share.

From 2020 to 2021, the average annual rate of growth in terms of value from Germany stood at +18.9%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+41.5% per year) and Poland (+72.1% per year).

Import Prices by Country

The average textile tubing import price stood at $X per ton in 2021, rising by 11% against the previous year. Over the last one years, it increased at an average annual rate of +10.6%. As a result, import price reached 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 ($X per ton), while the price for Sweden ($X per ton) was amongst the lowest.

From 2020 to 2021, the most notable rate of growth in terms of prices was attained by Greece (+231.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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