Bulgaria: Man-Made Filament Fabric Market 2024

Man-Made Filament Fabric Market Size in Bulgaria

For the third consecutive year, the Bulgarian man-made filament fabric market recorded growth in sales value, which increased by X% to $X in 2022. Overall, the total consumption indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2019 indices. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in years to come.

Man-Made Filament Fabric Production in Bulgaria

In value terms, man-made filament fabric production reduced to $X in 2022 estimated in export price. In general, the total production indicated modest growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2018 with an increase of X%. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

Man-Made Filament Fabric Exports

Exports from Bulgaria

In 2022, exports of woven fabrics of man-made filaments and staple fibers from Bulgaria skyrocketed to X square meters, picking up by X% on the previous year. In general, exports showed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, man-made filament fabric exports surged to $X in 2022. Overall, exports showed a prominent expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Romania (X square meters), Italy (X square meters) and Albania (X square meters) were the main destinations of man-made filament fabric exports from Bulgaria, with a combined X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Albania (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Albania ($X) and Romania ($X) constituted the largest markets for man-made filament fabric exported from Bulgaria worldwide, with a combined X% share of total exports.

In terms of the main countries of destination, Albania, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average man-made filament fabric export price amounted to $X per square meter, declining by X% against the previous year. Overall, the export price saw a abrupt decline. The pace of growth appeared the most rapid in 2015 an increase of X%. As a result, the export price reached the peak level of $X per square meter. From 2016 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per square meter), while the average price for exports to Romania ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (X%), while the prices for the other major destinations experienced a decline.

Man-Made Filament Fabric Imports

Imports into Bulgaria

In 2022, purchases abroad of woven fabrics of man-made filaments and staple fibers increased by X% to X square meters, rising for the third year in a row after two years of decline. Overall, imports continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, man-made filament fabric imports surged to $X in 2022. In general, imports, however, recorded a relatively flat trend pattern. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X square meters) constituted the largest man-made filament fabric supplier to Bulgaria, accounting for a X% share of total imports. Moreover, man-made filament fabric imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X square meters), fourfold. The third position in this ranking was held by Italy (X square meters), with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (X% per year) and Italy (X% per year).

In value terms, the largest man-made filament fabric suppliers to Bulgaria were China ($X), Italy ($X) and Turkey ($X), with a combined X% share of total imports. Germany, France, Spain, Greece, the Czech Republic, Pakistan, Poland, Hong Kong SAR and Romania lagged somewhat behind, together accounting for a further X%.

Hong Kong SAR, with a CAGR of X%, saw the highest growth rate of 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 2022, the average man-made filament fabric import price amounted to $X per square meter, shrinking by X% against the previous year. Over the period under review, the import price showed a abrupt curtailment. The pace of growth appeared the most rapid in 2018 when the average import price increased by X%. Over the period under review, average import prices reached the maximum at $X per square meter in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per square meter), while the price for Pakistan ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Greece (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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