Knitted or crocheted track suits market in Bulgaria

Earlier Report Observations

The market for knitted or crocheted track suits in Bulgaria expanded from 5.7 million USD in 2018 to 11.6 million USD in 2020. This growth aligned with a fashion market that still had room to develop compared to other EU countries, while the local sewing industry demonstrated solid performance, supporting production activity during the period.

After a slight contraction to 11.1 million USD in 2021, the market recovered to 12.0 million USD in 2022, showing overall resilience.

A sharp increase to 15.7 million USD occurred in 2023, a period marked by active domestic knitted‑wear manufacturing and the bankruptcy of an international retailer that altered supply chains. Consumer interest in sustainable fashion, though highly price‑sensitive, also shaped demand. The market then stabilized at 15.8 million USD in 2024, as anticipated lower energy costs from new LNG supplies and fashion trends favoring knitted garments provided underlying support.

Production knitted or crocheted track suits in Bulgaria

In value, 2017-2020, K $ US

In 2020, Bulgaria's output of knitted or crocheted track suits was valued at 12 184 thousand US dollars, remaining broadly stable compared to 2019. Production reached its maximum value in 2019 at 12 184 thousand US dollars, with the largest annual increase of 31.4% recorded that same year. Over the period from 2017 to 2020, production increased by 50.4%, equating to an annualized growth rate of 14.6%.

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

In kind, 2017-2020, K unit

Bulgaria's production volume of knitted or crocheted track suits increased for the second consecutive year. In 2020, 626.0 thousand units were produced, marking a rise of 2.8% compared to 2019. The largest increase was recorded in 2019 at 51.4%, while the largest decline occurred in 2018 at 17.1%, with the minimum production volume that year at 402.0 thousand units. From 2017 to 2020, production grew by 29.2%, with a compound annual growth rate of 8.9%.

Annual dynamics of production in Bulgaria in kind, 2017-2020, K unit

Exports knitted or crocheted track suits from Bulgaria

Exports in kind, K unit

Bulgaria's exports of knitted or crocheted track suits increased for the third consecutive year. In 2020, exports reached 644 thousand units, up by 26.5% compared to the previous year. Over the period from 2017 to 2020, exports increased by 32.3%, with a compound annual growth rate of 9.8%.

Annual dynamics of product's exports from Bulgaria in kind, 2017-2020, K unit

From 2017 to 2020, Italy, Greece, and Germany were the top buyers of knitted or crocheted track suits from Bulgaria in terms of volume. Italy accounted for 20.3% of exports, Greece for 19.0%, and Germany for 15.8%. Together, these three countries represented 55.2% of Bulgaria's total exports in kind.

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

Bulgaria's export value of knitted or crocheted track suits increased for the second consecutive year. In 2020, exports totaled 9 492 thousand US dollars, showing a limited advance of 3.8% compared to the previous year. The largest increase was recorded in 2019 at 22.3%, while the largest decline occurred in 2018 at 5.1%, with the minimum value that year at 7 479 thousand US dollars. From 2017 to 2020, exports grew by 20.5%, with a compound annual growth rate of 6.4%.

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

From 2017 to 2020, Switzerland, Germany, and Italy were the main buyers of knitted or crocheted track suits from Bulgaria in value terms. Switzerland accounted for 31.8% of exports, Germany for 27.7%, and Italy for 14.5%. Combined, these three markets comprised 74.1% of Bulgaria's total export value.

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

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

Imports knitted or crocheted track suits to Bulgaria

Imports in kind, K unit

Bulgaria's imports of knitted or crocheted track suits showed noticeable fluctuations during the period. The largest decline was recorded in 2019 at 11.3%. In 2020, imports reached 644 thousand units, which is 267.8% higher than in 2019. Over the period from 2017 to 2020, imports varied significantly, with a 4.5-fold difference between the maximum in 2020 and the minimum in 2017.

Annual dynamics of product's imports to Bulgaria in kind, 2017-2020, K unit

From 2017 to 2020, Turkey remained the primary source for Bulgaria's imports of knitted or crocheted track suits in kind, accounting for 77.7% of total import volume. The remaining volume was distributed across numerous other destinations.

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

Bulgaria's import value of knitted or crocheted track suits increased for the third consecutive year. In 2020, imports stood at 8 952 thousand US dollars, marking a dramatic increase of 89.5% year-over-year. From 2017 to 2020, imports grew by 152.5%, with a compound annual growth rate of 36.2%.

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

From 2017 to 2020, Turkey, Italy, and Switzerland formed the main cluster of markets for Bulgaria's imports of knitted or crocheted track suits in value terms. Turkey accounted for 34.2% of imports, Italy for 13.2%, and Switzerland for 10.5%. Together, these three countries represented 57.9% of total import flows.

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

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