Bulgaria: Wadding Of Textile Market Overview 2021

Wadding Of Textile Market Size in Bulgaria

The Bulgarian wadding of textile market plummeted to $X in 2019, declining by -X% against the previous year. Over the period under review, consumption, however, showed a mild increase. The pace of growth was the most pronounced in 2010 when the market value increased by X% year-to-year. Over the period under review, the market attained the peak level at $X in 2014; however, from 2015 to 2019, consumption remained at a lower figure.

Wadding Of Textile Production in Bulgaria

In value terms, wadding of textile production reduced markedly to $X in 2019 estimated in export prices. Over the period under review, production, however, posted resilient growth. The pace of growth appeared the most rapid in 2013 when the production volume increased by X% y-o-y. Wadding of textile production peaked at $X in 2017; however, from 2018 to 2019, production stood at a somewhat lower figure.

Wadding Of Textile Exports

Exports from Bulgaria

Wadding of textile exports from Bulgaria rose slightly to X tonnes in 2019, with an increase of X% compared with 2018 figures. Over the period under review, exports saw a strong expansion. The pace of growth appeared the most rapid in 2012 with an increase of X% year-to-year. Over the period under review, exports reached the peak figure at X tonnes in 2017; afterwards, it flattened through to 2019.

In value terms, wadding of textile exports shrank to $X in 2019. In general, exports recorded a resilient increase. The most prominent rate of growth was recorded in 2012 with an increase of X% y-o-y. Over the period under review, exports reached the peak figure at $X in 2018, and then declined in the following year.

Exports by Country

Germany (X tonnes) was the main destination for wadding of textile exports from Bulgaria, accounting for a X% share of total exports. Moreover, wadding of textile exports to Germany exceeded the volume sent to the second major destination, France (X tonnes), threefold. Lithuania (X tonnes) ranked third in terms of total exports with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of volume to Germany amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+X% per year) and Lithuania (+X% per year).

In value terms, Germany ($X), Lithuania ($X) and Poland ($X) appeared to be the largest markets for wadding of textile exported from Bulgaria worldwide, together accounting for X% of total exports. These countries were followed by Russia, France, Italy, Romania, the Netherlands, Spain, Belarus, Greece, Bosnia and Herzegovina and Switzerland, which together accounted for a further X (+X% per year) saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average wadding of textile export price stood at $X per tonne in 2019, with a decrease of -X% against the previous year. Over the period from 2007 to 2019, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2008 an increase of X% year-to-year. Over the period under review, average export prices attained the peak figure at $X per tonne in 2018, and then contracted in the following year.

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

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Lithuania, while the prices for the other major destinations experienced more modest paces of growth.

Wadding Of Textile Imports

Imports into Bulgaria

In 2019, the amount of wadding of textile materials and articles thereof imported into Bulgaria expanded markedly to X tonnes, surging by X% on the year before. In general, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2010 with an increase of X% y-o-y. Over the period under review, imports reached the maximum at X tonnes in 2011; however, from 2012 to 2019, imports failed to regain the momentum.

In value terms, wadding of textile imports rose markedly to $X in 2019. Overall, imports showed a tangible increase. The growth pace was the most rapid in 2010 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2011; however, from 2012 to 2019, imports stood at a somewhat lower figure.

Imports by Country

In 2019, Turkey (X tonnes) constituted the largest wadding of textile supplier to Bulgaria, accounting for a X% share of total imports. Moreover, wadding of textile imports from Turkey exceeded the figures recorded by the second-largest supplier, Greece (X tonnes), fivefold. The third position in this ranking was occupied by Germany (X tonnes), with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of volume from Turkey was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Greece (+X% per year) and Germany (+X% per year).

In value terms, Turkey ($X), Lithuania ($X) and Hungary ($X) were the largest wadding of textile suppliers to Bulgaria, together comprising X% of total imports.

Lithuania (+X% per year) recorded 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

The average wadding of textile import price stood at $X per tonne in 2019, with an increase of X% against the previous year. Over the period under review, import price indicated a temperate expansion from 2007 to 2019: its price increased 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, wadding of textile import price increased by +X% against 2017 indices. The pace of growth appeared the most rapid in 2008 when the average import price increased by X% against the previous year. The import price peaked at $X per tonne in 2013; however, from 2014 to 2019, import prices remained at a lower figure.

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

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by China, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for wadding of textile materials and articles thereof in the world?

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China (374K tonnes) constituted the country with the largest volume of wadding of textile consumption, accounting for 17% of total volume. Moreover, wadding of textile consumption in China exceeded the figures recorded by the second-largest consumer, the U.S. (172K tonnes), twofold. The third position in this ranking was occupied by India (142K tonnes), with a 6.5% share.

What are the largest producers of wadding of textile materials and articles thereof in the world?

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The country with the largest volume of wadding of textile production was China (426K tonnes), accounting for 20% of total volume. Moreover, wadding of textile production in China exceeded the figures recorded by the second-largest producer, the U.S. (166K tonnes), threefold. The third position in this ranking was occupied by India (154K tonnes), with a 7.2% share.

What are the leading suppliers of wadding of textile materials and articles thereof to Bulgaria?

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In value terms, the largest wadding of textile suppliers to Bulgaria were Turkey ($3.2M), Lithuania ($1.9M) and Hungary ($1.5M), with a combined 56% share of total imports.

What are the leading importers of wadding of textile materials and articles thereof from Bulgaria?

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In value terms, the largest markets for wadding of textile exported from Bulgaria were Germany ($9.1M), Lithuania ($5.7M) and Poland ($3.7M), with a combined 36% share of total exports. These countries were followed by Russia, France, Italy, Romania, the Netherlands, Spain, Belarus, Greece, Bosnia and Herzegovina and Switzerland, which together accounted for a further 42%.

What is the average export price for wadding of textile materials and articles thereof in Bulgaria?

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In 2019, the average wadding of textile export price amounted to $5,937 per tonne, reducing by -9.1% against the previous year.

What is the average import price for wadding of textile materials and articles thereof in Bulgaria?

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The average wadding of textile import price stood at $6,120 per tonne in 2019, surging by 2.8% against the previous year.