The market for non-coloured cotton fabrics weighing at least 200 g/m² in Bulgaria has experienced a declining trend in volume from 2013 to 2023. In 2023, the market stood at 8.4021 million square meters, continuing a downtrend seen over the years. Notably, the past decade exhibited substantial variations, with significant declines from 2014 and a brief growth in 2018. The recent five-year compound annual growth rate stood at -4.2%, reflecting a consistent shrinkage in market size.
For future trends, watch for:
- Shifts toward sustainable and eco-friendly materials, potentially impacting demand.
- Innovation-driven fabric diversification could alter market dynamics.
- Fluctuations in global cotton prices influencing production costs and supply chain factors.