Competitiveness of the Bulgarian Textile Industry in the Years of Economic Crisis Cover Image

Конкурентоспособност на българския текстилен отрасъл в годините на икономическа криза
Competitiveness of the Bulgarian Textile Industry in the Years of Economic Crisis

Author(s): Tzvetomir Tzanov
Subject(s): Economy, National Economy, Micro-Economics
Published by: Университет за национално и световно стопанство (УНСС)
Keywords: Bulgaria; Bulgarian Textile; Bulgarian Export; International Trade; Textile Industry
Summary/Abstract: The textile industry is among the strongest export-oriented industries in Bulgaria for the past 10 years. The predominant part of the manufactured products is intended for foreign markets, and the products sold abroad represent a significant share in the total exports of Bulgaria (20.7% in 2001 and 12.2% in 2009). At the same time, those employed in the industry are approximately ¼ of those employed in the manufacturing industry at the end of the first half of 2010. The strong export orientation of the sector and the low added value created due to the high share of toll production determine its high vulnerability to shocks occurring in major external markets, primarily within the EU. These are the observations in the years of economic crisis and slow recovery in Europe and United States (2008-2010) when a significant decline in Bulgarian textile exports was registered. However, the industry retains its competitive advantages, which is evident from the analysis of average export prices, geographical and commodity structure of exports, as well as from registered recent positive trends relevant to the second half of 2010.

  • Page Range: 94-111
  • Page Count: 18
  • Publication Year: 2012
  • Language: Bulgarian