Bobbins and spools for winding textile yarn market in Bulgaria

Earlier Report Observations

The market for bobbins and spools in Bulgaria, measured in volume, began the period at 4 290 t in 2018 but showed considerable fluctuation, ending at 3 063 t in 2024. In contrast, the market's value in monetary terms demonstrated a general upward trend from 2 706 thousand US dollars in 2018 to a peak of 3 785 thousand in 2023, before decreasing to 3 249 thousand in 2024. This divergence suggests a shift towards higher-value products or changing price structures over these years.

A significant contraction in market volume occurred in 2019, falling by 18% to 3 502 t, even as the market's value slightly increased. Volume partially recovered in 2020 and stabilized near 3 700 t through 2023, while value grew consistently, rising by 17% between 2021 and 2023. The year 2024 saw a pronounced downturn, with market volume dropping 18% to 3 063 t and value falling 14%. This period coincided with the local production of machinery for paper spools and packaging, which enhanced production capacity and technological renewal, alongside a growing industry emphasis on 100% pulp paper from guaranteed origins and recycling efforts.

The market developments in 2024 were also marked by the increased offering of industrial threads on high-strength spools and the introduction of optimized racking systems for spools, which improved winding time and storage logistics. These factors point to ongoing modernization and a focus on efficiency and sustainability within the supporting textile industry infrastructure, reflecting structural adjustments even during a phase of volume contraction.

Production bobbins and spools for winding textile yarn in Bulgaria

In value, 2017-2020, K $ US

Bulgaria's production of bobbins and spools for winding textile yarn has increased for the third consecutive year. In 2020, output was valued at 2 335 K $ US, marking a modest 4.7% rise compared to 2019. From 2017 to 2020, production grew by 13.6%, which translates to an average annual increase of 4.3%.

Annual dynamics of production in Bulgaria in value, 2017-2020, K $ US

In kind, 2017-2020, t

In 2020, Bulgaria produced 3 135 t of bobbins and spools for winding textile yarn, a 5.7% increase from 2019. However, over the period from 2017 to 2020, production declined by 11%, averaging a 3.8% annual decrease. The lowest output was recorded in 2019 at 2 966 t, while the peak occurred in 2018 with 3 713 t. The most significant drop was in 2019, when production fell by 20.1%.

Annual dynamics of production in Bulgaria in kind, 2017-2020, t

Exports bobbins and spools for winding textile yarn from Bulgaria

Exports in kind, t

In 2020, Bulgaria's exports of bobbins and spools for winding textile yarn reached 0.6 t, showing little change from the previous year. From 2017 to 2020, exports plummeted by 99.5%, with an average annual decline of 82.7%.

Annual dynamics of product's exports from Bulgaria in kind, 2017-2020, t

From 2017 to 2020, Greece dominated Bulgaria's exports of bobbins and spools for winding textile yarn in volume terms, accounting for 93.0% of the total flows.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Bulgaria in kind, 2017-2020

Exports in value, K $ US

In 2020, Bulgaria's exports of bobbins and spools for winding textile yarn amounted to 0.7 K $ US, remaining relatively stable compared to 2019. Over the period from 2017 to 2020, exports dropped by 99.6%, averaging an 83.9% annual decrease.

Annual dynamics of product's exports from Bulgaria in value, 2017-2020, K $ US

Between 2017 and 2020, Bulgaria's exports of bobbins and spools for winding textile yarn in value terms were heavily concentrated on Greece, which held a 92.3% share of total flows.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Bulgaria in value, 2017-2020

Imports bobbins and spools for winding textile yarn to Bulgaria

Imports in kind, t

After two years of decline, Bulgaria's imports of bobbins and spools for winding textile yarn rebounded in 2020, reaching 687.1 t, a 28.0% increase year-over-year. However, from 2017 to 2020, imports fell by 25.5%, with an average annual decline of 9.3%. The lowest volume was recorded in 2019 at 536.7 t, and the largest drop occurred in 2018, when imports decreased by 37.4%.

Annual dynamics of product's imports to Bulgaria in kind, 2017-2020, t

From 2017 to 2020, Greece, Turkey, and Italy were the leading sources for Bulgaria's imports of bobbins and spools for winding textile yarn in volume terms. Greece accounted for 43.7% of imports, Turkey for 28.0%, and Italy for 12.9%, together making up 84.7% of total flows.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Bulgaria in kind, 2017-2020

Imports in value, K $ US

Following two years of contraction, Bulgaria's imports of bobbins and spools for winding textile yarn increased in 2020, totaling approximately 564.8 K $ US, up 1.5% from the previous year. Over the period from 2017 to 2020, imports decreased by 25.7%, with an average annual decline of 9.4%. The lowest value was in 2019 at 556.2 K $ US, and the sharpest fall was in 2018, with a 15.8% drop.

Annual dynamics of product's imports to Bulgaria in value, 2017-2020, K $ US

Between 2017 and 2020, Greece, Turkey, and Italy remained the top suppliers of bobbins and spools for winding textile yarn to Bulgaria in value terms. Greece held a 38.9% share, Turkey 32.2%, and Italy 19.3%, collectively accounting for 90.5% of total imports.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Bulgaria in value, 2017-2020