Bulgaria: Silk Fabric Market Overview 2021

Silk Fabric Market Size in Bulgaria

After three years of growth, the Bulgarian silk fabric market decreased by -X% to $X in 2019. In general, consumption continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Silk fabric consumption peaked at $X in 2018, and then fell in the following year.

Silk Fabric Exports

Exports from Bulgaria

Silk fabric exports from Bulgaria was estimated at X square meters in 2019, therefore, remained relatively stable against 2018. Over the period under review, exports, however, recorded a deep slump. The most prominent rate of growth was recorded in 2009 with an increase of X% year-to-year. Exports peaked at X square meters in 2007; however, from 2008 to 2019, exports stood at a somewhat lower figure.

In value terms, silk fabric exports declined significantly to $X in 2019. In general, exports, however, saw a deep downturn. The growth pace was the most rapid in 2009 when exports increased by X% against the previous year. Exports peaked at $X in 2007; however, from 2008 to 2019, exports remained at a lower figure.

Exports by Country

Macedonia (X square meters) was the main destination for silk fabric exports from Bulgaria, accounting for a X% share of total exports. Moreover, silk fabric exports to Macedonia exceeded the volume sent to the second major destination, Italy (X square meters), threefold.

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

In value terms, the largest markets for silk fabric exported from Bulgaria were Macedonia ($X), Italy ($X) and France ($X), with a combined X% share of total exports.

In terms of the main countries of destination, Macedonia saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2019, the average silk fabric export price amounted to $X per square meter, declining by -X% against the previous year. Overall, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average export price increased by X% y-o-y. As a result, export price attained the peak level of $X per square meter, and then dropped rapidly in the following year.

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

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Italy, while the prices for the other major destinations experienced mixed trend patterns.

Silk Fabric Imports

Imports into Bulgaria

After two years of growth, purchases abroad of woven fabrics of silk or of silk waste decreased by -X% to X square meters in 2019. Over the period under review, imports showed a perceptible decline. The pace of growth was the most pronounced in 2017 with an increase of X% year-to-year. Over the period under review, imports reached the peak figure at X square meters in 2007; however, from 2008 to 2019, imports remained at a lower figure.

In value terms, silk fabric imports rose modestly to $X in 2019. The total import value increased at an average annual rate of +X% from 2007 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, imports hit record highs in 2019 and are expected to retain growth in the near future.

Imports by Country

In 2019, Italy (X square meters) constituted the largest silk fabric supplier to Bulgaria, with a X% share of total imports. Moreover, silk fabric imports from Italy exceeded the figures recorded by the second-largest supplier, France (X square meters), eightfold. The UK (X square meters) 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 Italy was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: France (+X% per year) and the UK (+X% per year).

In value terms, Italy ($X) constituted the largest supplier of silk fabric to Bulgaria, comprising X% of total imports. The second position in the ranking was occupied by France ($X), with a X% share of total imports. It was followed by China, with a X% share.

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

Import Prices by Country

The average silk fabric import price stood at $X per square meter in 2019, jumping by X% against the previous year. Over the period from 2007 to 2019, it increased at an average annual rate of +X%. The pace of growth was the most pronounced in 2011 an increase of X% y-o-y. As a result, import price attained the peak level of $X per square meter. From 2012 to 2019, the growth in terms of the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2019, the country with the highest price was Austria ($X per square meter), while the price for the UK ($X per square meter) 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 woven fabrics of silk or of silk waste in the world?

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The countries with the highest volumes of silk fabric consumption in 2019 were China (445M square meters), Russia (369M square meters) and the U.S. (163M square meters), with a combined 55% share of global consumption.

What are the largest producers of woven fabrics of silk or of silk waste in the world?

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The countries with the highest volumes of silk fabric production in 2019 were China (453M square meters), Russia (369M square meters) and the U.S. (162M square meters), with a combined 56% share of global production.

What are the leading suppliers of woven fabrics of silk or of silk waste to Bulgaria?

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In value terms, Italy ($9.8M) constituted the largest supplier of silk fabric to Bulgaria, comprising 78% of total imports. The second position in the ranking was occupied by France ($858K), with a 6.9% share of total imports. It was followed by China, with a 3.8% share.

What are the leading importers of woven fabrics of silk or of silk waste from Bulgaria?

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In value terms, Macedonia ($146K), Italy ($90K) and France ($16K) appeared to be the largest markets for silk fabric exported from Bulgaria worldwide, together comprising 89% of total exports.

What is the average export price for woven fabrics of silk or of silk waste in Bulgaria?

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In 2019, the average silk fabric export price amounted to $78 per square meter, shrinking by -50.1% against the previous year.

What is the average import price for woven fabrics of silk or of silk waste in Bulgaria?

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In 2019, the average silk fabric import price amounted to $153 per square meter, picking up by 19% against the previous year.