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Industry revenue of »retail sale of hardware, paints and glass« in Bulgaria 2011-2023

Over the years, glass production has witnessed robust growth in Bulgaria, owing to the advanced manufacturing facilities and favourable investments within the sector. In fact, in mid-2019, the largest flat glass producing plant in Europe and one of the largest in the world, was opened in the country, with a production capacity of 725 tonnes a day. Additionally, construction activities such as glazing, plastering, painting, and floor and wall tiling have also witnessed a rise. This has augured well for the country’s hardware, paints and glass market, with revenues projected to rise from 457 million U.S. dollars in 2011 to 763 million U.S. dollars by 2023.

However, the industry is expected to face challenging times in the short to medium term, as the outbreak of the corona virus has crippled the economy. As per the latest forecasts, the economy is expected to shrink by four percent in 2020. The construction sector is amongst the worst impacted and has incurred losses of nearly 56 million U.S. dollars since March, after a state of emergency was declared.

Industry revenue of »retail sale of hardware, paints and glass« in Bulgaria from 2011 to 2023

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Supplementary notes

* Estimate - This also applies for past years as data provided by statistical institutions often is not available for more recent years.

Currency conversion factor: (EUR -> USD) = 1.186

The industry classification is based on the NACE Rev.2 - system in Bulgaria. The industry “retail sale of hardware, paints and glass in specialised stores“ has the code “G4752“.

Details on the methodology can be found here.

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