Bulgarian industry continues growth with optimistic plans for 2015

Although it is too early for official data from the National Statistical Institute, the Bulgarian textile and clothing industry performed well in 2014 and expected a 3-4% sales growth, according to industry sources. This is less than the 7-8% record growth in 2013, but companies are optimistic for 2015.

Currently, orders from foreign companies continue to increase – not only for mass production, but especially for fast orders, as well as more expensive boutique and individual orders. The industry expects more orders from partners that previously sourced from China and who are now returning to Bulgaria.

There was also an increase in demand for clothing in the domestic market last year. In November, the National Statistical Institute reported 10.7% higher wholesale trade in clothing, footwear and leather goods compared with the previous month; retail sales increased by 25% compared with 2010 and by 13% compared with 2012.

However, the industry does not expect growth in the domestic market for 2015. An ongoing problem is the unauthorised import of goods from Asia.

For the full story, see the February 2015 edition of Textiles Eastern Europe. Not a subscriber? Sign up HERE