Wooden office furniture market in Bulgaria

Earlier Report Observations

The market size for wooden office furniture in Bulgaria grew from 24 180 thousand USD in 2018 to 25 272 thousand USD in 2020. This expansion coincided with the entry of new players into the country's furniture market, which stimulated investment and the development of the private furniture sector, supporting overall market growth.

Following 2020, while specific market size data is not reported, import and export trends indicate significant market activity. Imports rose, reflecting record consumption of furniture in Bulgaria linked to heightened real estate activity and interior refurbishment projects in offices, hotels, and commercial spaces. Concurrently, exports of wooden office furniture increased substantially, driven by furniture companies investing in new technologies and active forest management, which enhanced the competitiveness of Bulgarian products. The market also saw growing demand for office furniture influenced by evolving consumer preferences, including the popularity of open-plan concepts and the anticipated introduction of recycled furniture sections by major retailers.

Production wooden office furniture in Bulgaria

In value, 2017-2020, K $ US

In 2020, Bulgaria's wooden office furniture production was valued at 27 132 K $ US, marking a gradual increase of 5.2% from 2019. Over the period from 2017 to 2020, production grew by 13%, which translates to an annualized rate of 4.2%. The largest increase occurred in 2018, at 12.9%, while the largest decline was recorded in 2019, at 4.9%.

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

In kind, 2017-2020, K unit

In 2020, Bulgaria produced 209.4 K units of wooden office furniture, reflecting a moderate year-on-year gain of 7.3%. From 2017 to 2020, production increased by 2.7%, with a compound annual growth rate of 0.9%. The maximum value was reached in 2018 at 219.4 K units, while the minimum was in 2019 at 195.2 K units. The largest increase occurred in 2018, at 7.6%, and the largest decline was in 2019, at 11.0%.

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

Exports wooden office furniture from Bulgaria

Exports in kind, K unit

Bulgaria's wooden office furniture export volume increased for the third consecutive year. In 2020, exports totaled 167.9 K units, corresponding to a rise of 0.9% from 2019. Between 2017 and 2020, exports surged by 140.6%, equating to an annualized rate of 34.0%.

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

From 2017 to 2020, three main markets—the United Kingdom, the Netherlands, and France—together absorbed 53.7% of Bulgaria's total wooden office furniture 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

Wooden office furniture exports in Bulgaria declined for the second consecutive year. In 2020, exports amounted to 7 373 K $ US, showing a decrease of 0.6% compared to the previous year. Over the period from 2017 to 2020, exports increased by 51%, with a compound annual growth rate of 14.7%. The maximum value was recorded in 2018 at 7 465 K $ US. The largest increase occurred in 2018, at 52.9%, while the largest decline was in 2019, at 0.7%.

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

Throughout 2017 to 2020, the three largest markets—the United Kingdom, the Netherlands, and France—remained central to Bulgaria's wooden office furniture exports in value terms, together accounting for 54.7% 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 wooden office furniture to Bulgaria

Imports in kind, K unit

The market showed signs of volatility over the observed period. In 2020, Bulgaria's wooden office furniture imports amounted to 104.9 K units, marking a drop of 78.8% compared to the previous year. The maximum value was recorded in 2019 at 495.9 K units. The largest increase occurred in 2019, at 192.6%. From 2017 to 2019, the span saw a peak-to-trough amplitude of {ampRatio} times.

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

From 2017 to 2020, Poland (27.5% of imports in kind), Turkey (14.1% of imports in kind), and Lithuania (11.8% of imports in kind) were the key partners for Bulgaria's wooden office furniture imports in kind, together accounting for 53.3% 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

After a two-year gain, Bulgaria's wooden office furniture imports declined. In 2020, imports were recorded at 5 513 K $ US, showing a decline of 9.9% versus the previous year. Between 2017 and 2020, imports increased by 88.7%, equating to an annualized rate of 23.6%. The maximum value was reached in 2019 at 6 117 K $ US. The largest increase occurred in 2018, at 55.1%.

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

The market base for imports in value terms from 2017 to 2020 was wide, with Poland (21.1% of imports in value terms), Lithuania (15.3% of imports in value terms), and Turkey (11.1% of imports in value terms) jointly accounting for just 47.6% of total flows, while the remaining 52.4% was shared by numerous other countries.

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

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