Bulgaria: Carpet Market 2024

Carpet Market Size in Bulgaria

The Bulgarian carpet market expanded slightly to $X in 2022, with an increase of X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. Carpet consumption peaked in 2022 and is likely to see gradual growth in the immediate term.

Carpet Production in Bulgaria

In value terms, carpet production reached $X in 2022 estimated in export price. In general, production saw a slight descent. The pace of growth appeared the most rapid in 2016 with an increase of X%. As a result, production attained the peak level of $X. From 2017 to 2022, production growth remained at a lower figure.

Carpet Exports

Exports from Bulgaria

Carpet exports from Bulgaria declined rapidly to X square meters in 2022, which is down by X% against the year before. In general, exports, however, posted a strong increase. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, the exports attained the peak of X square meters, and then plummeted in the following year.

In value terms, carpet exports contracted dramatically to $X in 2022. Over the period under review, exports, however, recorded a resilient expansion. The growth pace was the most rapid in 2021 with an increase of X%. As a result, the exports attained the peak of $X, and then shrank sharply in the following year.

Exports by Country

Saudi Arabia (X square meters) was the main destination for carpet exports from Bulgaria, with a X% share of total exports. Moreover, carpet exports to Saudi Arabia exceeded the volume sent to the second major destination, Morocco (X square meters), twofold. Egypt (X square meters) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Saudi Arabia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Morocco (X% per year) and Egypt (X% per year).

In value terms, Saudi Arabia ($X) remains the key foreign market for carpets and other textile floor coverings exports from Bulgaria, comprising X% of total exports. The second position in the ranking was taken by Morocco ($X), with a X% share of total exports. It was followed by Romania, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Saudi Arabia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Morocco (X% per year) and Romania (X% per year).

Export Prices by Country

The average carpet export price stood at $X per square meter in 2022, approximately mirroring the previous year. Overall, the export price, however, saw a noticeable descent. The pace of growth was the most pronounced in 2016 an increase of X% against the previous year. The export price peaked at $X per square meter in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per square meter), while the average price for exports to Egypt ($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 Germany (X%), while the prices for the other major destinations experienced more modest paces of growth.

Carpet Imports

Imports into Bulgaria

In 2022, the amount of carpets and other textile floor coverings imported into Bulgaria contracted rapidly to X square meters, declining by X% against 2021. Over the period under review, imports, however, enjoyed prominent growth. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, imports reached the peak of X square meters, and then shrank rapidly in the following year.

In value terms, carpet imports dropped sharply to $X in 2022. Overall, imports, however, recorded a buoyant increase. The most prominent rate of growth was recorded in 2021 when imports increased by X%. As a result, imports reached the peak of $X, and then fell markedly in the following year.

Imports by Country

In 2022, Turkey (X square meters) constituted the largest supplier of carpet to Bulgaria, with a X% share of total imports. Moreover, carpet imports from Turkey exceeded the figures recorded by the second-largest supplier, India (X square meters), more than tenfold. Belgium (X square meters) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Turkey stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and Belgium (X% per year).

In value terms, Turkey ($X) constituted the largest supplier of carpets and other textile floor coverings to Bulgaria, comprising X% of total imports. The second position in the ranking was held by Belgium ($X), with a X% share of total imports. It was followed by India, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Turkey stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (X% per year) and India (X% per year).

Import Prices by Country

The average carpet import price stood at $X per square meter in 2022, increasing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2020 when the average import price increased by X%. The import price peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($X per square meter), while the price for India ($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 China (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :