Price for Wadding; Other Articles Thereof, of Cotton in Bulgaria - 2024

Contents:

1. Price for Wadding; Other Articles Thereof, of Cotton in Bulgaria (FOB) - 2024
2. Price for Wadding; Other Articles Thereof, of Cotton in Bulgaria (CIF) - 2024
3. Exports of Wadding; Other Articles Thereof, of Cotton in Bulgaria
4. Imports of Wadding; Other Articles Thereof, of Cotton in Bulgaria

Price for Wadding; Other Articles Thereof, of Cotton in Bulgaria (FOB) - 2024

The average export price for wadding; other articles thereof, of cotta stood at $6,555 per ton in February 2024, surging by 13% against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.3%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major foreign markets. In February 2024, the country with the highest price was Switzerland ($8,236 per ton), while the average price for exports to the UK stood at $5,718 per ton.

From February 2023 to February 2024, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+4.3%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Wadding; Other Articles Thereof, of Cotton in Bulgaria (CIF) - 2024

In February 2024, the average import price for wadding; other articles thereof, of cotta amounted to $5,550 per ton, with an increase of 4.9% against the previous month. In general, the import price, however, continues to indicate a slight reduction. The most prominent rate of growth was recorded in October 2023 when the average import price increased by 50% month-to-month. Over the period under review, average import prices hit record highs at $6,915 per ton in August 2023; however, from September 2023 to February 2024, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In February 2024, the country with the highest price was Serbia ($8,168 per ton), while the price for China ($3,869 per ton) was amongst the lowest.

From February 2023 to February 2024, the most notable rate of growth in terms of prices was attained by Serbia (+3.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Wadding; Other Articles Thereof, of Cotton in Bulgaria

In 2022, approx. 4.2K tons of wadding; other articles thereof, of cotta were exported from Bulgaria; with an increase of 2.6% on 2021. The total export volume increased at an average annual rate of +3.5% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The pace of growth was the most pronounced in 2020 when exports increased by 6.4%. The exports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, exports of wadding; other articles thereof, of cotta expanded remarkably to $22M in 2022. The total export value increased at an average annual rate of +9.4% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 with an increase of 13% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

Top Export Markets for Wadding; Other Articles Thereof, of Cotton from Bulgaria in 2022:

1. Germany (1303.7 tons)
2. United Kingdom (573.5 tons)
3. France (503.1 tons)
4. Netherlands (468.1 tons)
5. Greece (389.9 tons)
6. Italy (259.0 tons)
7. Switzerland (250.1 tons)
8. Sweden (212.9 tons)

Imports of Wadding; Other Articles Thereof, of Cotton in Bulgaria

For the fourth consecutive year, Bulgaria recorded growth in overseas purchases of wadding; other articles thereof, of cotta, which increased by 27% to 1K tons in 2022. In general, total imports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +18.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +67.4% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 30% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, imports of wadding; other articles thereof, of cotta surged to $5.4M in 2022. Over the period under review, total imports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +23.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +86.4% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Wadding; Other Articles Thereof, of Cotton to Bulgaria in 2022:

1. Greece (319.7 tons)
2. Turkey (222.8 tons)
3. China (163.5 tons)
4. Italy (119.1 tons)
5. Poland (66.1 tons)
6. Germany (57.2 tons)
7. Hungary (20.0 tons)
8. Serbia (17.7 tons)

Source: IndexBox Market Intelligence Platform