| Product Code: ETC5173046 | Publication Date: Nov 2023 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
Bulgaria`s circular knitting machine import shipments in 2024 continued to be dominated by top exporters such as Turkey, UK, Hong Kong, China, and other areas. Despite a high level of Market Top 5 Importing Countries and Market Competition (HHI) Analysis concentration indicated by the HHI, the industry experienced a significant decline in CAGR from 2020 to 2024 at -43.27%. Moreover, the growth rate from 2023 to 2024 plummeted even further to -58.68%, signaling potential challenges and shifts in the circular knitting machine import Market Top 5 Importing Countries and Market Competition (HHI) Analysis in Bulgaria.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Bulgaria Circular Knitting Machine Market Overview |
3.1 Bulgaria Country Macro Economic Indicators |
3.2 Bulgaria Circular Knitting Machine Market Revenues & Volume, 2021 & 2031F |
3.3 Bulgaria Circular Knitting Machine Market - Industry Life Cycle |
3.4 Bulgaria Circular Knitting Machine Market - Porter's Five Forces |
3.5 Bulgaria Circular Knitting Machine Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Bulgaria Circular Knitting Machine Market Revenues & Volume Share, By End-use, 2021 & 2031F |
4 Bulgaria Circular Knitting Machine Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing demand for circular knitting machines in the textile industry in Bulgaria |
4.2.2 Technological advancements leading to improved efficiency and productivity of circular knitting machines |
4.2.3 Government initiatives to promote manufacturing and textile industries in Bulgaria |
4.3 Market Restraints |
4.3.1 Fluctuations in raw material prices affecting the cost of production for circular knitting machines |
4.3.2 Intense competition from other textile machinery manufacturers |
4.3.3 Economic instability impacting the investment decisions of textile manufacturers in Bulgaria |
5 Bulgaria Circular Knitting Machine Market Trends |
6 Bulgaria Circular Knitting Machine Market Segmentations |
6.1 Bulgaria Circular Knitting Machine Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Bulgaria Circular Knitting Machine Market Revenues & Volume, By Single Circular Knitting Machines, 2021-2031F |
6.1.3 Bulgaria Circular Knitting Machine Market Revenues & Volume, By Double Circular Knitting Machines, 2021-2031F |
6.2 Bulgaria Circular Knitting Machine Market, By End-use |
6.2.1 Overview and Analysis |
6.2.2 Bulgaria Circular Knitting Machine Market Revenues & Volume, By Apparel Textiles, 2021-2031F |
6.2.3 Bulgaria Circular Knitting Machine Market Revenues & Volume, By Home Textiles, 2021-2031F |
6.2.4 Bulgaria Circular Knitting Machine Market Revenues & Volume, By Technical Textiles, 2021-2031F |
6.2.5 Bulgaria Circular Knitting Machine Market Revenues & Volume, By Medical Textiles, 2021-2031F |
6.2.6 Bulgaria Circular Knitting Machine Market Revenues & Volume, By Others, 2021-2031F |
7 Bulgaria Circular Knitting Machine Market Import-Export Trade Statistics |
7.1 Bulgaria Circular Knitting Machine Market Export to Major Countries |
7.2 Bulgaria Circular Knitting Machine Market Imports from Major Countries |
8 Bulgaria Circular Knitting Machine Market Key Performance Indicators |
8.1 Adoption rate of advanced circular knitting machine technologies in Bulgaria |
8.2 Percentage of textile manufacturers using circular knitting machines for their production processes |
8.3 Rate of capacity utilization of circular knitting machines in Bulgaria |
9 Bulgaria Circular Knitting Machine Market - Opportunity Assessment |
9.1 Bulgaria Circular Knitting Machine Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Bulgaria Circular Knitting Machine Market Opportunity Assessment, By End-use, 2021 & 2031F |
10 Bulgaria Circular Knitting Machine Market - Competitive Landscape |
10.1 Bulgaria Circular Knitting Machine Market Revenue Share, By Companies, 2024 |
10.2 Bulgaria Circular Knitting Machine Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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