Parachutes, paragliders and rotochutes market in Bulgaria

Earlier Report Observations

The market volume for parachutes, paragliders and rotochutes in Bulgaria declined sharply from 8 146 kg in 2018 to 5 569 kg in 2020, a drop of over 30%. This contraction was followed by a recovery, with the market reaching 6 959 kg in 2024, which represented a 25% increase from the 2020 low.

Domestic production fell consistently over the period, from 12 568 kg in 2018 to 7 902 kg in 2024. Exports also decreased substantially, particularly after 2021, while imports experienced high volatility, plummeting in 2019 before fluctuating in subsequent years.

Production parachutes, paragliders and rotochutes in Bulgaria

In value, 2017-2020, K $ US

Bulgaria's production of parachutes, paragliders, and rotochutes in monetary terms declined after two years of growth. In 2020, output was valued at 614.5 thousand US dollars, representing a sharp 33.3% decrease from the previous year. The peak was recorded in 2019 at 921.2 thousand US dollars, while the largest annual increase occurred in 2018 at 45.5%.

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

In kind, 2017-2020, kg

Bulgaria's production volume of parachutes, paragliders, and rotochutes fell for the second consecutive year. In 2020, the country produced 9,868 kilograms, marking a significant 19.7% year-over-year decline. From 2017 to 2020, production decreased by 13.7%, equivalent to an annualized rate of 4.8%. The highest volume was recorded in 2018 at 12,568 kilograms, which also saw the largest annual increase of 10.0%.

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

Exports parachutes, paragliders and rotochutes from Bulgaria

Exports in kind, kg

Bulgaria's exports of parachutes, paragliders, and rotochutes in volume terms declined for the second year in a row. In 2020, exports stood at 5,495 kilograms, a 26.1% drop from the previous year. Over the 2017-2020 period, exports decreased by 32.3%, with a compound annual growth rate of -12.2%. The peak was in 2018 at 8,379 kilograms, which also experienced the largest annual increase of 3.2%.

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

From 2017 to 2020, Germany was the primary buyer of parachutes, paragliders, and rotochutes from Bulgaria, accounting for 75.0% of total exports in volume. Other trading partners held relatively modest shares during this period.

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

After two years of growth, Bulgaria's exports of parachutes, paragliders, and rotochutes in monetary terms declined. In 2020, exports totaled 414 thousand US dollars, a sharp 29.0% fall compared to 2019. Between 2017 and 2020, exports decreased by 8.7%, equating to an annualized rate of 3.0%. The highest value was recorded in 2019 at 582 thousand US dollars, while the largest annual increase occurred in 2018 at 28.0%.

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

Throughout 2017-2020, Germany, Turkey, and the United States formed the core of Bulgaria's exports in value terms. Germany accounted for 65.6% of exports, Turkey for 6.6%, and the United States for 4.8%, together representing 76.9% of total export 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 parachutes, paragliders and rotochutes to Bulgaria

Imports in kind, kg

The import market for parachutes, paragliders, and rotochutes in Bulgaria showed an unstable trend from 2017 to 2020. Imports reached their lowest point in 2019 at 813 kilograms and peaked in 2018 at 3,957 kilograms, with a 4.9-fold difference between these years. In 2020, imports rose to 1,196 kilograms, a 47.1% increase from 2019. The largest annual decline was recorded in 2019 at 79.4%, while the largest increase occurred in 2018 at 226.1%.

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

From 2017 to 2020, the United States, Vietnam, and South Korea were the main suppliers of parachutes, paragliders, and rotochutes to Bulgaria in volume terms. The United States accounted for 46.0% of imports, Vietnam for 22.6%, and South Korea for 8.9%, together comprising 77.5% of total imports.

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

Import data for parachutes, paragliders, and rotochutes in Bulgaria revealed irregular changes, indicating a volatile market. Imports hit their lowest point in 2017 and peaked in 2018 at 1,396 thousand US dollars, with a 21-fold gap between these years. In 2020, imports totaled 281 thousand US dollars, a 101.0% year-over-year rise. The largest annual decline was recorded in 2019 at 90.0%, while the largest increase occurred in 2018 at 1,965.7%.

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

Throughout 2017-2020, the United States clearly dominated Bulgaria's imports of parachutes, paragliders, and rotochutes in value terms, accounting for 70.2% of total flows. Other countries each held significantly smaller shares during this period.

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

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