{
  "id": "market_hub/bg_furniture",
  "slug": "bulgaria-furniture-market-hub",
  "title": "Bulgaria Furniture Market Hub",
  "description": "Country market hub for the Bulgaria furniture market, built from Furnilytics indicator pages and reusable supplemental market calculations.",
  "country": {
    "name": "Bulgaria",
    "geo": "BG",
    "role": "production and regional trade market"
  },
  "market": {
    "name": "Furniture",
    "scope": "Furniture retail, production, consumption, trade, producer-price and demand context"
  },
  "generated_at": "2026-07-20T13:28:28.159523+00:00",
  "market_data_updated_at": "2026-07-13",
  "refresh_frequency": "monthly",
  "page": {
    "canonical_path": "/market/bulgaria-furniture-market-hub/",
    "left_navigation": true,
    "source_reference_style": "numeric_notes",
    "draft_slug": "bulgaria-furniture-market-hub",
    "meta_title": "Bulgaria Furniture Market Hub | Furnilytics",
    "meta_description": "Monthly Bulgaria furniture market hub with consumer demand, retail turnover, production, exports, imports, producer prices, housing, confidence and product-search indicators.",
    "tags": [
      "market-hubs",
      "#market-hubs",
      "#mi-markets",
      "#mi-bulgaria"
    ]
  },
  "source_references": [
    {
      "ref": 1,
      "key": "consumer_market_size",
      "title": "Bulgaria Furniture Consumer Market Size",
      "url": "/indicators/retail/market-size/bulgaria-furniture-consumer-market-size/",
      "path": "docs/bulgaria-furniture-consumer-market-size.json",
      "role": "Market size",
      "last_refresh": "2026-07-13"
    },
    {
      "ref": 2,
      "key": "retail_turnover",
      "title": "Bulgaria Furniture Retail Market Size",
      "url": "/indicators/retail/market-size/bulgaria-furniture-retail-turnover/",
      "path": "docs/bulgaria-furniture-retail-turnover-yearly.json",
      "role": "Retail",
      "last_refresh": "2026-07-01"
    },
    {
      "ref": 3,
      "key": "production_turnover",
      "title": "Bulgaria Furniture Production Market Size",
      "url": "/indicators/industry/market-size/bulgaria-furniture-production-turnover/",
      "path": "docs/industry-retail_turnover_yearly_bg.json",
      "role": "Industry",
      "last_refresh": "2026-07-13"
    },
    {
      "ref": 4,
      "key": "producer_price",
      "title": "Bulgaria Furniture Producer Price Index",
      "url": "/indicators/industry/indexes/bulgaria-furniture-producer-price-index/",
      "path": "docs/bulgaria-furniture-producer-price-index.json",
      "role": "Price pressure",
      "last_refresh": "2026-07-06"
    },
    {
      "ref": 5,
      "key": "exports_yearly",
      "title": "Bulgaria Furniture Exports by Year",
      "url": "/indicators/industry/trade/bulgaria-furniture-exports/",
      "path": "docs/industry-bulgaria-furniture-exports-yearly.json",
      "role": "Exports",
      "last_refresh": "2026-07-06"
    },
    {
      "ref": 6,
      "key": "exports_by_country",
      "title": "Bulgaria Furniture Exports by Country",
      "url": "/indicators/industry/trade/bulgaria-furniture-exports-by-country/",
      "path": "docs/industry-bulgaria-furniture-exports-by-country.json",
      "role": "Exports",
      "last_refresh": "2026-07-06"
    },
    {
      "ref": 7,
      "key": "imports_yearly",
      "title": "Bulgaria Furniture Imports by Year",
      "url": "/indicators/industry/trade/bulgaria-furniture-imports/",
      "path": "docs/industry-bulgaria-furniture-imports-yearly.json",
      "role": "Imports",
      "last_refresh": "2026-07-06"
    },
    {
      "ref": 8,
      "key": "imports_by_country",
      "title": "Bulgaria Furniture Imports by Country",
      "url": "/indicators/industry/trade/bulgaria-furniture-imports-by-country/",
      "path": "docs/industry-bulgaria-furniture-imports-by-country.json",
      "role": "Imports",
      "last_refresh": "2026-07-06"
    },
    {
      "ref": 9,
      "key": "housing_market_activity",
      "title": "Bulgaria Housing Market Activity",
      "url": "/indicators/macroeconomics/housing/bulgaria-housing-market-activity/",
      "path": "docs/housing_market_bg.json",
      "role": "Macroeconomics",
      "last_refresh": "2026-07-13"
    },
    {
      "ref": 10,
      "key": "consumer_confidence",
      "title": "Bulgaria Consumer Confidence",
      "url": "/indicators/macroeconomics/consumer-sentiment/bulgaria-consumer-confidence/",
      "path": "docs/consumer_confidence_bg.json",
      "role": "Macroeconomics",
      "last_refresh": "2026-07-13"
    },
    {
      "ref": 11,
      "key": "product_search",
      "title": "Bulgaria Furniture Product Search Trend",
      "url": "/indicators/retail/online/bulgaria-furniture-products-search-trend/",
      "path": "docs/web_search_trends_product_bg.json",
      "role": "Retail demand context",
      "last_refresh": "2026-07-07"
    }
  ],
  "summary": {
    "headline": "Bulgaria is a smaller European furniture market with a growing production base, regional trade links and a domestic demand cycle shaped by housing and household sentiment. The Bulgaria furniture market is shaped by consumer spending, specialist retail turnover, furniture production, exports, imports, producer prices, housing activity, consumer confidence and product-search interest.",
    "context": "This monthly refreshed Bulgaria Furniture Market Hub brings together furniture market data on market size, retail demand, manufacturing activity, trade flows, producer-price pressure and macro demand signals in one country briefing.",
    "purpose": "It helps readers assess Bulgarian furniture market trends, compare domestic demand with production and trade development, and understand the role of regional sourcing and export destinations without overstating exchange-rate movement, because the Bulgarian lev is pegged to the euro."
  },
  "key_measurements": [
    {
      "id": "consumer_market_size",
      "label": "Consumer market size",
      "section": "market_size",
      "indicator_key": "consumer_market_size",
      "indicator_ref": 1,
      "period": "2025",
      "value": 1996.3,
      "unit": "BGN million",
      "previous_period": "2024",
      "previous_value": 1770.8,
      "change_abs": 225.5,
      "change_pct": 12.73,
      "secondary_value": 1020.7,
      "secondary_unit": "EUR million",
      "status": "Expanding",
      "context": "+12.7% annual change"
    },
    {
      "id": "retail_turnover",
      "label": "Retail market size",
      "section": "retail",
      "indicator_key": "retail_turnover",
      "indicator_ref": 2,
      "period": "2025",
      "value": 2598.0,
      "unit": "BGN million",
      "previous_period": "2024",
      "previous_value": 2304.6,
      "change_abs": 293.4,
      "change_pct": 12.73,
      "secondary_value": 1328.4,
      "secondary_unit": "EUR million",
      "short_term_yoy_pct": 17.48,
      "context": "+17.5% six-month YoY",
      "status": "Expanding"
    },
    {
      "id": "production_turnover",
      "label": "Production market size",
      "section": "industry",
      "indicator_key": "production_turnover",
      "indicator_ref": 3,
      "period": "2025",
      "value": 1819.6,
      "unit": "BGN million",
      "previous_period": "2024",
      "previous_value": 1718.3,
      "change_abs": 101.3,
      "change_pct": 5.9,
      "secondary_value": 930.3,
      "secondary_unit": "EUR million",
      "short_term_yoy_pct": 5.68,
      "status": "Expanding",
      "context": "+5.7% six-month YoY"
    },
    {
      "id": "producer_price",
      "label": "Producer price index",
      "section": "industry",
      "indicator_key": "producer_price",
      "indicator_ref": 4,
      "period": "2026-05-01",
      "value": 125.3,
      "unit": "Index [2021=100]",
      "previous_period": "2026-04-01",
      "previous_value": 124.7,
      "change_abs": 0.6,
      "change_pct": 0.48,
      "yoy_pct": 2.2,
      "previous_year_value": 122.6,
      "previous_year_date": "2025-05",
      "short_term_yoy_pct": -4.3,
      "status": "Moderate pressure",
      "context": "-4.3 pp six-month YoY"
    },
    {
      "id": "exports_yearly",
      "label": "Furniture exports",
      "section": "supply_chain",
      "indicator_key": "exports_yearly",
      "indicator_ref": 5,
      "period": "2025",
      "value": 0.91,
      "unit": "BGN billion",
      "previous_period": "2024",
      "previous_value": 0.93,
      "change_abs": -0.02,
      "change_pct": -2.15,
      "secondary_value": 0.47,
      "secondary_unit": "EUR billion",
      "export_recent_change_pct": -2.15,
      "status": "Export softening",
      "context": "-2.1% latest export change"
    },
    {
      "id": "imports_yearly",
      "label": "Furniture imports",
      "section": "supply_chain",
      "indicator_key": "imports_yearly",
      "indicator_ref": 7,
      "period": "2025",
      "value": 952.5,
      "unit": "BGN million",
      "previous_period": "2024",
      "previous_value": 879.9,
      "change_abs": 72.6,
      "change_pct": 8.25,
      "secondary_value": 487.0,
      "secondary_unit": "EUR million",
      "status": "Expanding",
      "context": "165.2% above the 2018 trough"
    },
    {
      "id": "export_to_production_ratio",
      "label": "Export exposure",
      "section": "supply_chain",
      "indicator_key": "exports_yearly",
      "indicator_ref": 5,
      "period": "2025",
      "value": 50.0,
      "unit": "Export share [%]",
      "derived_from": [
        "exports_yearly",
        "production_turnover"
      ],
      "derived_from_refs": [
        5,
        3
      ],
      "note": "Derived as annual export value divided by production turnover. Bulgaria export values are expressed in BGN billion, while production turnover is expressed in BGN million.",
      "status": "High export exposure",
      "context": "exports relative to production turnover"
    },
    {
      "id": "housing_market_activity",
      "label": "Housing market activity",
      "section": "macroeconomics",
      "indicator_key": "housing_market_activity",
      "indicator_ref": 9,
      "period": "2025-12-01",
      "value": 207.8,
      "unit": "Index [2019=100]",
      "previous_period": "2025-11-01",
      "previous_value": 194.1,
      "change_abs": 13.72,
      "change_pct": 7.07,
      "short_term_yoy_pct": 22.08,
      "status": "Elevated; strong expansion",
      "context": "+108 pts vs 2019"
    },
    {
      "id": "consumer_confidence",
      "label": "Consumer confidence",
      "section": "macroeconomics",
      "indicator_key": "consumer_confidence",
      "indicator_ref": 10,
      "period": "2026-06-01",
      "value": -25.8,
      "unit": "Balance [PP]",
      "previous_period": "2026-05-01",
      "previous_value": -26.1,
      "change_abs": 0.3,
      "change_pct": 1.15,
      "short_term_yoy_pct": -24.04,
      "short_term_change_abs": -4.92,
      "status": "Recovering",
      "context": "-4.9 pp six-month change"
    },
    {
      "id": "product_search",
      "label": "Product search trend",
      "section": "retail",
      "indicator_key": "product_search",
      "indicator_ref": 11,
      "period": "2026-04-01",
      "value": 95.2,
      "unit": "Index",
      "previous_period": "2026-03-01",
      "previous_value": 102.3,
      "change_abs": -7.13,
      "change_pct": -6.97,
      "short_term_yoy_pct": 2.34,
      "status": "Softening",
      "context": "35.6% below 2021 peak"
    }
  ],
  "page_content": {
    "intro": [
      "Bulgaria is a smaller European furniture market with a growing production base, regional trade links and a domestic demand cycle shaped by housing and household sentiment. The Bulgaria furniture market is shaped by consumer spending, specialist retail turnover, furniture production, exports, imports, producer prices, housing activity, consumer confidence and product-search interest.",
      "This monthly refreshed Bulgaria Furniture Market Hub brings together furniture market data on market size, retail demand, manufacturing activity, trade flows, producer-price pressure and macro demand signals in one country briefing.",
      "It helps readers assess Bulgarian furniture market trends, compare domestic demand with production and trade development, and understand the role of regional sourcing and export destinations without overstating exchange-rate movement, because the Bulgarian lev is pegged to the euro."
    ],
    "market_snapshot": [
      "Bulgaria is positioned as a smaller European furniture market with a developing production base and regional trade exposure. The consumer market size is expanding, supported by a robust retail turnover that has shown significant growth over the past six months. This positive retail momentum reflects a strengthening domestic demand cycle, influenced by housing market activity, which is currently elevated and well above pre-pandemic levels, suggesting a favorable environment for furniture consumption [1][9]. Retail 6-month momentum is +17.5% year over year, supporting a positive near-term demand read. [2]",
      "However, the market faces challenges with consumer confidence remaining a headwind, as it has not fully recovered from previous declines. This sentiment impacts spending behavior, despite the strong housing activity. Additionally, while furniture exports have shown some softening, the high export exposure relative to production turnover indicates that trade dynamics remain crucial for the market's overall health [5][10]. The Bulgarian lev's peg to the euro provides stability in exchange-rate movements, further influencing trade competitiveness [1]. The latest export trend is -2.1%, which frames the external demand signal for producers. [5]"
    ],
    "key_findings": [
      "Bulgaria is a smaller European furniture market with a developing production base and regional trade exposure. Consumer market size is 1,996.3 BGN million [1], while the specialist furniture retail market is 2,598.0 BGN million [2]. The market's current position is best described as expanding with +12.7% annual change.",
      "Retail demand, production and price pressure need to be read together. Retail is expanding, with +17.5% six-month YoY, while production is expanding at 1,819.6 BGN million [3], with +5.7% six-month YoY.",
      "Export exposure is also material at 50.0% [5], with exports relative to production turnover. The macro backdrop is elevated; strong expansion, with housing activity at 207.8 index points [9], +108 pts vs 2019. Overall, the market structure links foreign demand, manufacturing pressure and domestic retail momentum."
    ],
    "sections": [
      {
        "section_id": "market_size",
        "title": "Market Size & Consumption",
        "paragraphs": [
          "The consumer market size for furniture in Bulgaria is currently expanding, reaching 1,996.3 BGN million (approximately EUR 1,020 million) with a notable annual change of +12.7% [1]. This growth indicates a robust demand for furniture, driven by both retail and production sectors, which are adapting to increasing consumer preferences and spending habits. The upward trajectory from previous years, including a significant rise from 831.2 BGN million in 2016, underscores a strong recovery in the market following earlier fluctuations.",
          "In terms of retail dynamics, Bulgaria's furniture market is experiencing a positive momentum, with recent data indicating a year-on-year growth of 15.1% and 28.9% in retail sales [2]. This surge reflects not only an increase in consumer expenditure but also a potential shift in market structure, where local producers may be gaining a larger share of the market. The current growth trajectory suggests that the Bulgarian furniture market is well-positioned for further expansion, aligning with broader regional trade trends."
        ],
        "indicator_refs": [
          1
        ]
      },
      {
        "section_id": "retail",
        "title": "Retail & Demand",
        "paragraphs": [
          "The Bulgarian furniture retail market is currently expanding, with a retail market size reaching 2,598.0 BGN million (approximately EUR 1,327 million), reflecting a 17.5% increase year-over-year over the last six months [2]. This growth indicates a robust demand for furniture, driven by both production and consumption dynamics within the country. The upward trend in retail size suggests a favorable environment for retailers, although it is essential to monitor the sustainability of this growth amidst potential fluctuations in consumer behavior.",
          "Despite the overall expansion in retail market size, the product search trend has softened, currently standing at 95.2 index points, which is 35.6% below the peak observed in 2021 [11]. This decline in product search interest may signal a shift in consumer engagement or preferences, potentially impacting future demand. The contrasting trends in retail size and product search indicate a complex market landscape, where immediate retail growth may not fully align with longer-term consumer interest, necessitating strategic adjustments by market participants."
        ],
        "indicator_refs": [
          2,
          11
        ]
      },
      {
        "section_id": "industry",
        "title": "Industry & Production",
        "paragraphs": [
          "Bulgaria's furniture production market is currently expanding, with a production turnover reaching 1,819.6 BGN million (approximately EUR 928 million) and a year-on-year growth of 5.7% as of the latest six-month period [3]. This growth indicates a robust demand for furniture, which is likely to stimulate further investment in production capabilities and retail expansion, enhancing the overall market landscape.",
          "Despite the positive growth in production turnover, the producer price index stands at 125.3 index points, reflecting moderate pressure with a decrease of 4.3 percentage points year-on-year [4]. This suggests that while production is increasing, cost pressures may influence pricing strategies and profit margins within the market, necessitating careful management of supply chain dynamics to maintain competitiveness."
        ],
        "indicator_refs": [
          3,
          4
        ]
      },
      {
        "section_id": "supply_chain",
        "title": "Trade & Competitiveness",
        "paragraphs": [
          "Bulgaria's furniture market is currently experiencing a high export exposure, with exports accounting for 50.0% of production turnover [5]. However, furniture exports have softened, showing a decline of 2.1% recently, amounting to 0.9 billion BGN (approximately 460 million EUR) [5]. This trend indicates potential pressures on production and retail demand, as a decrease in export performance may affect overall market confidence and investment in the sector.",
          "In contrast, furniture imports are expanding significantly, currently at 952.5 million BGN (around 487 million EUR), which is 165.2% above the 2018 trough [7]. This growth in imports suggests a strategic reliance on foreign suppliers, particularly from China and Turkey, which together account for a substantial portion of the import market [8]. The increasing import dependence could lead to vulnerabilities in the supply chain, particularly if global sourcing conditions change."
        ],
        "indicator_refs": [
          5,
          6,
          7,
          8,
          3
        ]
      },
      {
        "section_id": "macroeconomics",
        "title": "Macroeconomics",
        "paragraphs": [
          "Bulgaria's housing market activity has reached an elevated level of 207.8 index points, indicating strong expansion and a significant increase of 108 points compared to 2019 [9]. This robust activity is likely to stimulate demand within the furniture market, as increased housing transactions typically correlate with higher consumption of furniture products. The current momentum suggests a favorable environment for furniture production and retail, as consumers are more inclined to invest in home furnishings during periods of housing market strength.",
          "Consumer confidence in Bulgaria is currently at -25.8 points, reflecting a recovering sentiment despite a recent decline of 4.9 percentage points over the past six months [10]. This recovery, albeit slow, may influence consumer spending patterns in the furniture sector, as improved confidence can lead to increased discretionary spending. The juxtaposition of strong housing market activity and recovering consumer confidence presents a complex landscape for the furniture market, where short-term fluctuations in consumer sentiment could impact long-term growth trajectories."
        ],
        "indicator_refs": [
          9,
          10
        ]
      }
    ],
    "methodology_note": "This market hub combines multiple Furnilytics indicators into a single country-level furniture market overview. The source layer includes linked indicator pages for demand, specialist retail turnover, production, trade, pricing and macroeconomic context, plus deterministic supplemental calculations where the hub needs comparable market structure metrics. Consumer market size captures household furniture spending, while retail market size captures specialist furniture-store turnover; production and trade metrics describe the industry and supply side. Detailed source notes, definitions, chart payloads, latest-data tables and methodology explanations remain available on the underlying indicator pages listed in the Sources section.",
    "faq": [
      {
        "question": "What does the Bulgaria Furniture Market Hub cover?",
        "answer": "The Bulgaria Furniture Market Hub brings together the main indicators needed to assess Bulgaria as a furniture demand market, specialist retail market, production base and regional trade market."
      },
      {
        "question": "Why is there no BGN/EUR exchange-rate section?",
        "answer": "The Bulgarian lev is pegged to the euro, so a separate exchange-rate section would add little analytical value. Local BGN values and euro comparison fields remain available where the underlying indicators include them."
      },
      {
        "question": "What is the difference between consumer market size and retail market size?",
        "answer": "Consumer market size captures household furniture spending. Retail market size captures specialist furniture-store turnover, so the scope can differ by product mix and sales channel."
      },
      {
        "question": "Why are imports and exports both included for Bulgaria?",
        "answer": "Imports show the role of foreign assortment and supplier markets, while exports show foreign demand for Bulgarian furniture production and destination-market exposure."
      },
      {
        "question": "How often is the Bulgaria Furniture Market Hub updated?",
        "answer": "The Bulgaria hub is designed to refresh monthly when the underlying indicators and market-hub calculations are updated."
      },
      {
        "question": "Where does the Bulgaria market data come from?",
        "answer": "The hub is built from linked Furnilytics indicator pages covering Bulgarian furniture demand, retail, production, prices, trade and macroeconomic context."
      },
      {
        "question": "How current is the market hub data?",
        "answer": "Most monthly indicators in the market hub are generally published with about a three-month reporting lag. Annual market-size indicators can follow a separate source schedule and update when full-year data becomes available."
      }
    ],
    "generation": {
      "mode": "ai_sectioned",
      "ai_blocks": [
        {
          "block": "market_snapshot",
          "model": "gpt-4o-mini",
          "attempt": 1
        },
        {
          "block": "section:market_size",
          "model": "gpt-4o-mini",
          "attempt": 1
        },
        {
          "block": "section:retail",
          "model": "gpt-4o-mini",
          "attempt": 1
        },
        {
          "block": "section:industry",
          "model": "gpt-4o-mini",
          "attempt": 1
        },
        {
          "block": "section:supply_chain",
          "model": "gpt-4o-mini",
          "attempt": 1
        },
        {
          "block": "section:macroeconomics",
          "model": "gpt-4o-mini",
          "attempt": 1
        }
      ],
      "fallback_blocks": []
    }
  },
  "sections": [
    {
      "id": "summary",
      "title": "Summary",
      "summary": "Key measurements for the Bulgaria furniture market.",
      "main_indicator": "",
      "main_graph": null,
      "extra_graphs": [],
      "metric_card_ids": [
        "consumer_market_size",
        "retail_turnover",
        "production_turnover",
        "producer_price",
        "exports_yearly",
        "export_to_production_ratio",
        "housing_market_activity"
      ],
      "supplemental_table_ids": [],
      "indicator_refs": [
        1,
        2,
        3,
        4,
        5,
        6,
        9
      ]
    },
    {
      "id": "market_size",
      "title": "Market Size & Consumption",
      "summary": "Buyer-side furniture demand in Bulgarian lev with euro comparison context.",
      "main_indicator": "consumer_market_size",
      "main_graph": {
        "id": "consumer_market_size_main_graph",
        "indicator_key": "consumer_market_size",
        "indicator_ref": 1,
        "title": "Bulgaria Furniture Consumer Market Size",
        "chart_type": "bar",
        "series_type": "single",
        "x_axis_label": "",
        "y_axis_label": "BGN million",
        "legend": false,
        "data": [
          {
            "x_axis": "2015",
            "value": 741.6,
            "value_label": 741.6,
            "comment": "",
            "is_preliminary": false,
            "style_hint": "solid",
            "fill_hint": "solid",
            "value_local": 741.6,
            "cur": "BGN",
            "local_currency": "BGN",
            "value_original": 379.2
          },
          {
            "x_axis": "2016",
            "value": 831.2,
            "value_label": 831.2,
            "comment": "",
            "is_preliminary": false,
            "style_hint": "solid",
            "fill_hint": "solid",
            "value_local": 831.2,
            "cur": "BGN",
            "local_currency": "BGN",
            "value_original": 425.0
          },
          {
            "x_axis": "2017",
            "value": 946.4,
            "value_label": 946.4,
            "comment": "",
            "is_preliminary": false,
            "style_hint": "solid",
            "fill_hint": "solid",
            "value_local": 946.4,
            "cur": "BGN",
            "local_currency": "BGN",
            "value_original": 483.9
          },
          {
            "x_axis": "2018",
            "value": 1120.5,
            "value_label": 1120.5,
            "comment": "",
            "is_preliminary": false,
            "style_hint": "solid",
            "fill_hint": "solid",
            "value_local": 1120.5,
            "cur": "BGN",
            "local_currency": "BGN",
            "value_original": 572.9
          },
          {
            "x_axis": "2019",
            "value": 1178.2,
            "value_label": 1178.2,
            "comment": "",
            "is_preliminary": false,
            "style_hint": "solid",
            "fill_hint": "solid",
            "value_local": 1178.2,
            "cur": "BGN",
            "local_currency": "BGN",
            "value_original": 602.4
          },
          {
            "x_axis": "2020",
            "value": 1080.6,
            "value_label": 1080.6,
            "comment": "",
            "is_preliminary": false,
            "style_hint": "solid",
            "fill_hint": "solid",
            "value_local": 1080.6,
            "cur": "BGN",
            "local_currency": "BGN",
            "value_original": 552.5
          },
          {
            "x_axis": "2021",
            "value": 1355.4,
            "value_label": 1355.4,
            "comment": "",
            "is_preliminary": false,
            "style_hint": "solid",
            "fill_hint": "solid",
            "value_local": 1355.4,
            "cur": "BGN",
            "local_currency": "BGN",
            "value_original": 693.0
          },
          {
            "x_axis": "2022",
            "value": 1617.4,
            "value_label": 1617.4,
            "comment": "",
            "is_preliminary": false,
            "style_hint": "solid",
            "fill_hint": "solid",
            "value_local": 1617.4,
            "cur": "BGN",
            "local_currency": "BGN",
            "value_original": 827.0
          },
          {
            "x_axis": "2023",
            "value": 1697.0,
            "value_label": 1697.0,
            "comment": "",
            "is_preliminary": false,
            "style_hint": "solid",
            "fill_hint": "solid",
            "value_local": 1697.0,
            "cur": "BGN",
            "local_currency": "BGN",
            "value_original": 867.7
          },
          {
            "x_axis": "2024",
            "value": 1770.8,
            "value_label": 1770.8,
            "comment": "",
            "is_preliminary": false,
            "style_hint": "solid",
            "fill_hint": "solid",
            "value_local": 1770.8,
            "cur": "BGN",
            "local_currency": "BGN",
            "value_original": 905.4
          },
          {
            "x_axis": "2025",
            "value": 1996.3,
            "value_label": 1996.3,
            "comment": "",
            "is_preliminary": false,
            "style_hint": "solid",
            "fill_hint": "solid",
            "value_local": 1996.3,
            "cur": "BGN",
            "local_currency": "BGN",
            "value_original": 1020.7
          }
        ],
        "source_url": "/indicators/retail/market-size/bulgaria-furniture-consumer-market-size/",
        "currency_options": {
          "default": "BGN",
          "series": {
            "BGN": {
              "field": "value_local",
              "axisLabel": "BGN million"
            },
            "EUR": {
              "field": "value",
              "axisLabel": "EUR million"
            }
          }
        }
      },
      "extra_graphs": [],
      "metric_card_ids": [
        "consumer_market_size"
      ],
      "supplemental_table_ids": [
        "consumer_market_size_peer_comparison",
        "consumer_expenditure_per_capita_peer_comparison",
        "retail_latest_rows"
      ],
      "indicator_refs": [
        1
      ]
    },
    {
      "id": "retail",
      "title": "Retail & Demand",
      "summary": "Specialist furniture retail turnover, online product-search interest and household demand context.",
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      "main_graph": {
        "id": "retail_turnover_main_graph",
        "indicator_key": "retail_turnover",
        "indicator_ref": 2,
        "title": "Bulgaria Furniture Retail Market Size",
        "chart_type": "bar",
        "series_type": "single",
        "x_axis_label": "",
        "y_axis_label": "BGN million",
        "legend": false,
        "data": [
          {
            "x_axis": "2015",
            "value": 666.5,
            "value_label": 666.5,
            "comment": "",
            "is_preliminary": false,
            "style_hint": "solid",
            "fill_hint": "solid",
            "value_local": 666.5,
            "value_eur": 340.8,
            "cur": "BGN",
            "months_available": 12,
            "value_original": 666.5
          },
          {
            "x_axis": "2016",
            "value": 748.1,
            "value_label": 748.1,
            "comment": "",
            "is_preliminary": false,
            "style_hint": "solid",
            "fill_hint": "solid",
            "value_local": 748.1,
            "value_eur": 382.5,
            "cur": "BGN",
            "months_available": 12,
            "value_original": 748.1
          },
          {
            "x_axis": "2017",
            "value": 809.3,
            "value_label": 809.3,
            "comment": "",
            "is_preliminary": false,
            "style_hint": "solid",
            "fill_hint": "solid",
            "value_local": 809.3,
            "value_eur": 413.8,
            "cur": "BGN",
            "months_available": 12,
            "value_original": 809.3
          },
          {
            "x_axis": "2018",
            "value": 883.6,
            "value_label": 883.6,
            "comment": "",
            "is_preliminary": false,
            "style_hint": "solid",
            "fill_hint": "solid",
            "value_local": 883.6,
            "value_eur": 451.8,
            "cur": "BGN",
            "months_available": 12,
            "value_original": 883.6
          },
          {
            "x_axis": "2019",
            "value": 1036.8,
            "value_label": 1036.8,
            "comment": "",
            "is_preliminary": false,
            "style_hint": "solid",
            "fill_hint": "solid",
            "value_local": 1036.8,
            "value_eur": 530.1,
            "cur": "BGN",
            "months_available": 12,
            "value_original": 1036.8
          },
          {
            "x_axis": "2020",
            "value": 1323.3,
            "value_label": 1323.3,
            "comment": "",
            "is_preliminary": false,
            "style_hint": "solid",
            "fill_hint": "solid",
            "value_local": 1323.3,
            "value_eur": 676.6,
            "cur": "BGN",
            "months_available": 12,
            "value_original": 1323.3
          },
          {
            "x_axis": "2021",
            "value": 1655.7,
            "value_label": 1655.7,
            "comment": "",
            "is_preliminary": false,
            "style_hint": "solid",
            "fill_hint": "solid",
            "value_local": 1655.7,
            "value_eur": 846.5,
            "cur": "BGN",
            "months_available": 12,
            "value_original": 1655.7
          },
          {
            "x_axis": "2022",
            "value": 1976.6,
            "value_label": 1976.6,
            "comment": "",
            "is_preliminary": false,
            "style_hint": "solid",
            "fill_hint": "solid",
            "value_local": 1976.6,
            "value_eur": 1010.6,
            "cur": "BGN",
            "months_available": 12,
            "value_original": 1976.6
          },
          {
            "x_axis": "2023",
            "value": 2149.3,
            "value_label": 2149.3,
            "comment": "",
            "is_preliminary": false,
            "style_hint": "solid",
            "fill_hint": "solid",
            "value_local": 2149.3,
            "value_eur": 1098.9,
            "cur": "BGN",
            "months_available": 12,
            "value_original": 2149.3
          },
          {
            "x_axis": "2024",
            "value": 2304.6,
            "value_label": 2304.6,
            "comment": "",
            "is_preliminary": false,
            "style_hint": "solid",
            "fill_hint": "solid",
            "value_local": 2304.6,
            "value_eur": 1178.3,
            "cur": "BGN",
            "months_available": 12,
            "value_original": 2304.6
          },
          {
            "x_axis": "2025",
            "value": 2598.0,
            "value_label": 2598.0,
            "comment": "",
            "is_preliminary": false,
            "style_hint": "solid",
            "fill_hint": "solid",
            "value_local": 2598.0,
            "value_eur": 1328.4,
            "cur": "BGN",
            "months_available": 12,
            "value_original": 2598.0
          }
        ],
        "source_url": "/indicators/retail/market-size/bulgaria-furniture-retail-turnover/",
        "currency_options": {
          "default": "BGN",
          "series": {
            "BGN": {
              "field": "value_local",
              "axisLabel": "BGN million"
            },
            "EUR": {
              "field": "value_eur",
              "axisLabel": "EUR million"
            }
          }
        }
      },
      "extra_graphs": [],
      "metric_card_ids": [
        "retail_turnover",
        "product_search"
      ],
      "supplemental_table_ids": [
        "retail_latest_rows",
        "product_search_latest_rows"
      ],
      "indicator_refs": [
        2,
        11
      ]
    },
    {
      "id": "industry",
      "title": "Industry & Production",
      "summary": "Production turnover and producer-price pressure show Bulgaria furniture manufacturing conditions.",
      "main_indicator": "production_turnover",
      "main_graph": {
        "id": "production_turnover_main_graph",
        "indicator_key": "production_turnover",
        "indicator_ref": 3,
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        "chart_type": "bar",
        "series_type": "single",
        "x_axis_label": "",
        "y_axis_label": "BGN million",
        "legend": false,
        "data": [
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            "value": 944.1,
            "value_label": 944.1,
            "comment": "",
            "is_preliminary": false,
            "style_hint": "solid",
            "fill_hint": "solid",
            "value_nominal": 482.7,
            "cur": "BGN",
            "local_currency": "BGN",
            "value_nominal_local": 944.1,
            "value_local": 944.1,
            "source_basis": "monthly_backbone_annual_sum",
            "value_original": 944.1
          },
          {
            "x_axis": "2016",
            "value": 1001.4,
            "value_label": 1001.4,
            "comment": "",
            "is_preliminary": false,
            "style_hint": "solid",
            "fill_hint": "solid",
            "value_nominal": 512.0,
            "cur": "BGN",
            "local_currency": "BGN",
            "value_nominal_local": 1001.4,
            "value_local": 1001.4,
            "source_basis": "monthly_backbone_annual_sum",
            "value_original": 1001.4
          },
          {
            "x_axis": "2017",
            "value": 1054.4,
            "value_label": 1054.4,
            "comment": "",
            "is_preliminary": false,
            "style_hint": "solid",
            "fill_hint": "solid",
            "value_nominal": 539.1,
            "cur": "BGN",
            "local_currency": "BGN",
            "value_nominal_local": 1054.4,
            "value_local": 1054.4,
            "source_basis": "monthly_backbone_annual_sum",
            "value_original": 1054.4
          },
          {
            "x_axis": "2018",
            "value": 1286.7,
            "value_label": 1286.7,
            "comment": "",
            "is_preliminary": false,
            "style_hint": "solid",
            "fill_hint": "solid",
            "value_nominal": 657.9,
            "cur": "BGN",
            "local_currency": "BGN",
            "value_nominal_local": 1286.7,
            "value_local": 1286.7,
            "source_basis": "monthly_backbone_annual_sum",
            "value_original": 1286.7
          },
          {
            "x_axis": "2019",
            "value": 1280.7,
            "value_label": 1280.7,
            "comment": "",
            "is_preliminary": false,
            "style_hint": "solid",
            "fill_hint": "solid",
            "value_nominal": 654.8,
            "cur": "BGN",
            "local_currency": "BGN",
            "value_nominal_local": 1280.7,
            "value_local": 1280.7,
            "source_basis": "monthly_backbone_annual_sum",
            "value_original": 1280.7
          },
          {
            "x_axis": "2020",
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            "value_label": 1143.8,
            "comment": "",
            "is_preliminary": false,
            "style_hint": "solid",
            "fill_hint": "solid",
            "value_nominal": 584.8,
            "cur": "BGN",
            "local_currency": "BGN",
            "value_nominal_local": 1143.8,
            "value_local": 1143.8,
            "source_basis": "monthly_backbone_annual_sum",
            "value_original": 1143.8
          },
          {
            "x_axis": "2021",
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            "value_label": 1465.7,
            "comment": "",
            "is_preliminary": false,
            "style_hint": "solid",
            "fill_hint": "solid",
            "value_nominal": 749.4,
            "cur": "BGN",
            "local_currency": "BGN",
            "value_nominal_local": 1465.7,
            "value_local": 1465.7,
            "source_basis": "monthly_backbone_annual_sum",
            "value_original": 1465.7
          },
          {
            "x_axis": "2022",
            "value": 1658.4,
            "value_label": 1658.4,
            "comment": "",
            "is_preliminary": false,
            "style_hint": "solid",
            "fill_hint": "solid",
            "value_nominal": 848.0,
            "cur": "BGN",
            "local_currency": "BGN",
            "value_nominal_local": 1658.4,
            "value_local": 1658.4,
            "source_basis": "monthly_backbone_annual_sum",
            "value_original": 1658.4
          },
          {
            "x_axis": "2023",
            "value": 1596.9,
            "value_label": 1596.9,
            "comment": "",
            "is_preliminary": false,
            "style_hint": "solid",
            "fill_hint": "solid",
            "value_nominal": 816.5,
            "cur": "BGN",
            "local_currency": "BGN",
            "value_nominal_local": 1596.9,
            "value_local": 1596.9,
            "source_basis": "monthly_backbone_annual_sum",
            "value_original": 1596.9
          },
          {
            "x_axis": "2024",
            "value": 1718.3,
            "value_label": 1718.3,
            "comment": "",
            "is_preliminary": false,
            "style_hint": "solid",
            "fill_hint": "solid",
            "value_nominal": 878.6,
            "cur": "BGN",
            "local_currency": "BGN",
            "value_nominal_local": 1718.3,
            "value_local": 1718.3,
            "source_basis": "monthly_backbone_annual_sum",
            "value_original": 1718.3
          },
          {
            "x_axis": "2025",
            "value": 1819.6,
            "value_label": 1819.6,
            "comment": "",
            "is_preliminary": false,
            "style_hint": "solid",
            "fill_hint": "solid",
            "value_nominal": 930.3,
            "cur": "BGN",
            "local_currency": "BGN",
            "value_nominal_local": 1819.6,
            "value_local": 1819.6,
            "source_basis": "monthly_backbone_annual_sum",
            "value_original": 1819.6
          }
        ],
        "source_url": "/indicators/industry/market-size/bulgaria-furniture-production-turnover/",
        "currency_options": {
          "default": "BGN",
          "series": {
            "BGN": {
              "field": "value_local",
              "axisLabel": "BGN million"
            },
            "EUR": {
              "field": "value_nominal",
              "axisLabel": "EUR million"
            }
          }
        }
      },
      "extra_graphs": [],
      "metric_card_ids": [
        "production_turnover",
        "producer_price"
      ],
      "supplemental_table_ids": [
        "production_latest_rows",
        "ppi_peer_six_month_yoy"
      ],
      "indicator_refs": [
        3,
        4
      ]
    },
    {
      "id": "supply_chain",
      "title": "Trade & Competitiveness",
      "summary": "Export value, destination markets, imports and sourcing partners show Bulgaria's furniture trade position.",
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      "main_graph": {
        "id": "exports_by_country_main_graph",
        "indicator_key": "exports_by_country",
        "indicator_ref": 6,
        "title": "Bulgaria Furniture Exports by Country",
        "chart_type": "pie",
        "series_type": "single",
        "x_axis_label": "",
        "y_axis_label": "Share of exports",
        "legend": false,
        "data": [
          {
            "name": "Romania",
            "label": "RO",
            "value": 0.1819
          },
          {
            "name": "Greece",
            "label": "GR",
            "value": 0.1279
          },
          {
            "name": "Poland",
            "label": "PL",
            "value": 0.0845
          },
          {
            "name": "Germany",
            "label": "DE",
            "value": 0.0696
          },
          {
            "name": "France",
            "label": "FR",
            "value": 0.0537
          },
          {
            "name": "Czechia",
            "label": "CZ",
            "value": 0.0528
          },
          {
            "name": "Netherlands",
            "label": "NL",
            "value": 0.0459
          },
          {
            "name": "United Kingdom",
            "label": "GB",
            "value": 0.0404
          },
          {
            "name": "United States",
            "label": "US",
            "value": 0.0317
          },
          {
            "name": "Turkey",
            "label": "TR",
            "value": 0.031
          },
          {
            "name": "Others",
            "label": "Others",
            "value": 0.2808
          }
        ],
        "source_url": "/indicators/industry/trade/bulgaria-furniture-exports-by-country/"
      },
      "extra_graphs": [],
      "metric_card_ids": [
        "export_to_production_ratio",
        "exports_yearly",
        "imports_yearly"
      ],
      "supplemental_table_ids": [
        "exports_monthly_latest_rows",
        "exports_latest_rows",
        "export_partner_latest_rows",
        "imports_latest_rows",
        "import_partner_latest_rows"
      ],
      "indicator_refs": [
        5,
        6,
        7,
        8,
        3
      ]
    },
    {
      "id": "macroeconomics",
      "title": "Macroeconomics",
      "summary": "Housing activity and consumer confidence give demand context for furniture, kitchens and home-related categories.",
      "main_indicator": "housing_market_activity",
      "main_graph": {
        "id": "housing_market_activity_main_graph",
        "indicator_key": "housing_market_activity",
        "indicator_ref": 9,
        "title": "Bulgaria Housing Market Activity",
        "chart_type": "line",
        "series_type": "single",
        "x_axis_label": "",
        "y_axis_label": "Index [2019=100]",
        "legend": false,
        "data": [
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            "date": "2017-08-01",
            "geo": "BG",
            "value": 89.37
          },
          {
            "date": "2017-09-01",
            "geo": "BG",
            "value": 82.44
          },
          {
            "date": "2017-10-01",
            "geo": "BG",
            "value": 81.69
          },
          {
            "date": "2017-11-01",
            "geo": "BG",
            "value": 83.12
          },
          {
            "date": "2017-12-01",
            "geo": "BG",
            "value": 88.3
          },
          {
            "date": "2018-01-01",
            "geo": "BG",
            "value": 89.12
          },
          {
            "date": "2018-02-01",
            "geo": "BG",
            "value": 83.12
          },
          {
            "date": "2018-03-01",
            "geo": "BG",
            "value": 83.72
          },
          {
            "date": "2018-04-01",
            "geo": "BG",
            "value": 87.53
          },
          {
            "date": "2018-05-01",
            "geo": "BG",
            "value": 91.08
          },
          {
            "date": "2018-06-01",
            "geo": "BG",
            "value": 91.43
          },
          {
            "date": "2018-07-01",
            "geo": "BG",
            "value": 96.04
          },
          {
            "date": "2018-08-01",
            "geo": "BG",
            "value": 97.9
          },
          {
            "date": "2018-09-01",
            "geo": "BG",
            "value": 93.81
          },
          {
            "date": "2018-10-01",
            "geo": "BG",
            "value": 105.28
          },
          {
            "date": "2018-11-01",
            "geo": "BG",
            "value": 106.5
          },
          {
            "date": "2018-12-01",
            "geo": "BG",
            "value": 111.14
          },
          {
            "date": "2019-01-01",
            "geo": "BG",
            "value": 98.09
          },
          {
            "date": "2019-02-01",
            "geo": "BG",
            "value": 93.1
          },
          {
            "date": "2019-03-01",
            "geo": "BG",
            "value": 93.83
          },
          {
            "date": "2019-04-01",
            "geo": "BG",
            "value": 96.13
          },
          {
            "date": "2019-05-01",
            "geo": "BG",
            "value": 100.2
          },
          {
            "date": "2019-06-01",
            "geo": "BG",
            "value": 99.66
          },
          {
            "date": "2019-07-01",
            "geo": "BG",
            "value": 103.82
          },
          {
            "date": "2019-08-01",
            "geo": "BG",
            "value": 105.77
          },
          {
            "date": "2019-09-01",
            "geo": "BG",
            "value": 104.92
          },
          {
            "date": "2019-10-01",
            "geo": "BG",
            "value": 98.92
          },
          {
            "date": "2019-11-01",
            "geo": "BG",
            "value": 99.66
          },
          {
            "date": "2019-12-01",
            "geo": "BG",
            "value": 105.9
          },
          {
            "date": "2020-01-01",
            "geo": "BG",
            "value": 103.74
          },
          {
            "date": "2020-02-01",
            "geo": "BG",
            "value": 105.01
          },
          {
            "date": "2020-03-01",
            "geo": "BG",
            "value": 102.23
          },
          {
            "date": "2020-04-01",
            "geo": "BG",
            "value": 97.03
          },
          {
            "date": "2020-05-01",
            "geo": "BG",
            "value": 86.94
          },
          {
            "date": "2020-06-01",
            "geo": "BG",
            "value": 85.57
          },
          {
            "date": "2020-07-01",
            "geo": "BG",
            "value": 92.86
          },
          {
            "date": "2020-08-01",
            "geo": "BG",
            "value": 100.56
          },
          {
            "date": "2020-09-01",
            "geo": "BG",
            "value": 101.8
          },
          {
            "date": "2020-10-01",
            "geo": "BG",
            "value": 109.08
          },
          {
            "date": "2020-11-01",
            "geo": "BG",
            "value": 113.21
          },
          {
            "date": "2020-12-01",
            "geo": "BG",
            "value": 118.48
          },
          {
            "date": "2021-01-01",
            "geo": "BG",
            "value": 115.99
          },
          {
            "date": "2021-02-01",
            "geo": "BG",
            "value": 110.58
          },
          {
            "date": "2021-03-01",
            "geo": "BG",
            "value": 109.81
          },
          {
            "date": "2021-04-01",
            "geo": "BG",
            "value": 120.87
          },
          {
            "date": "2021-05-01",
            "geo": "BG",
            "value": 125.22
          },
          {
            "date": "2021-06-01",
            "geo": "BG",
            "value": 131.98
          },
          {
            "date": "2021-07-01",
            "geo": "BG",
            "value": 127.32
          },
          {
            "date": "2021-08-01",
            "geo": "BG",
            "value": 133.94
          },
          {
            "date": "2021-09-01",
            "geo": "BG",
            "value": 127.84
          },
          {
            "date": "2021-10-01",
            "geo": "BG",
            "value": 137.63
          },
          {
            "date": "2021-11-01",
            "geo": "BG",
            "value": 140.88
          },
          {
            "date": "2021-12-01",
            "geo": "BG",
            "value": 150.14
          },
          {
            "date": "2022-01-01",
            "geo": "BG",
            "value": 144.43
          },
          {
            "date": "2022-02-01",
            "geo": "BG",
            "value": 137.15
          },
          {
            "date": "2022-03-01",
            "geo": "BG",
            "value": 136.06
          },
          {
            "date": "2022-04-01",
            "geo": "BG",
            "value": 154.78
          },
          {
            "date": "2022-05-01",
            "geo": "BG",
            "value": 158.67
          },
          {
            "date": "2022-06-01",
            "geo": "BG",
            "value": 159.02
          },
          {
            "date": "2022-07-01",
            "geo": "BG",
            "value": 156.67
          },
          {
            "date": "2022-08-01",
            "geo": "BG",
            "value": 158.53
          },
          {
            "date": "2022-09-01",
            "geo": "BG",
            "value": 151.52
          },
          {
            "date": "2022-10-01",
            "geo": "BG",
            "value": 134.25
          },
          {
            "date": "2022-11-01",
            "geo": "BG",
            "value": 135.72
          },
          {
            "date": "2022-12-01",
            "geo": "BG",
            "value": 142.1
          },
          {
            "date": "2023-01-01",
            "geo": "BG",
            "value": 138.28
          },
          {
            "date": "2023-02-01",
            "geo": "BG",
            "value": 132.08
          },
          {
            "date": "2023-03-01",
            "geo": "BG",
            "value": 131.61
          },
          {
            "date": "2023-04-01",
            "geo": "BG",
            "value": 142.29
          },
          {
            "date": "2023-05-01",
            "geo": "BG",
            "value": 146.85
          },
          {
            "date": "2023-06-01",
            "geo": "BG",
            "value": 151.25
          },
          {
            "date": "2023-07-01",
            "geo": "BG",
            "value": 146.39
          },
          {
            "date": "2023-08-01",
            "geo": "BG",
            "value": 149.95
          },
          {
            "date": "2023-09-01",
            "geo": "BG",
            "value": 139.71
          },
          {
            "date": "2023-10-01",
            "geo": "BG",
            "value": 164.7
          },
          {
            "date": "2023-11-01",
            "geo": "BG",
            "value": 169.3
          },
          {
            "date": "2023-12-01",
            "geo": "BG",
            "value": 179.61
          },
          {
            "date": "2024-01-01",
            "geo": "BG",
            "value": 161.77
          },
          {
            "date": "2024-02-01",
            "geo": "BG",
            "value": 158.55
          },
          {
            "date": "2024-03-01",
            "geo": "BG",
            "value": 157.37
          },
          {
            "date": "2024-04-01",
            "geo": "BG",
            "value": 161.59
          },
          {
            "date": "2024-05-01",
            "geo": "BG",
            "value": 162.11
          },
          {
            "date": "2024-06-01",
            "geo": "BG",
            "value": 166.2
          },
          {
            "date": "2024-07-01",
            "geo": "BG",
            "value": 161.88
          },
          {
            "date": "2024-08-01",
            "geo": "BG",
            "value": 165.48
          },
          {
            "date": "2024-09-01",
            "geo": "BG",
            "value": 159.95
          },
          {
            "date": "2024-10-01",
            "geo": "BG",
            "value": 157.76
          },
          {
            "date": "2024-11-01",
            "geo": "BG",
            "value": 157.31
          },
          {
            "date": "2024-12-01",
            "geo": "BG",
            "value": 161.63
          },
          {
            "date": "2025-01-01",
            "geo": "BG",
            "value": 170.13
          },
          {
            "date": "2025-02-01",
            "geo": "BG",
            "value": 165.71
          },
          {
            "date": "2025-03-01",
            "geo": "BG",
            "value": 164.94
          },
          {
            "date": "2025-04-01",
            "geo": "BG",
            "value": 169.25
          },
          {
            "date": "2025-05-01",
            "geo": "BG",
            "value": 174.29
          },
          {
            "date": "2025-06-01",
            "geo": "BG",
            "value": 184.25
          },
          {
            "date": "2025-07-01",
            "geo": "BG",
            "value": 194.19
          },
          {
            "date": "2025-08-01",
            "geo": "BG",
            "value": 197.55
          },
          {
            "date": "2025-09-01",
            "geo": "BG",
            "value": 187.96
          },
          {
            "date": "2025-10-01",
            "geo": "BG",
            "value": 195.2
          },
          {
            "date": "2025-11-01",
            "geo": "BG",
            "value": 194.13
          },
          {
            "date": "2025-12-01",
            "geo": "BG",
            "value": 207.85
          }
        ],
        "source_url": "/indicators/macroeconomics/housing/bulgaria-housing-market-activity/"
      },
      "extra_graphs": [],
      "metric_card_ids": [
        "housing_market_activity",
        "consumer_confidence"
      ],
      "supplemental_table_ids": [],
      "indicator_refs": [
        9,
        10
      ]
    }
  ],
  "supplemental_tables": [
    {
      "id": "consumer_market_size_peer_comparison",
      "title": "Consumer market size peer comparison",
      "summary": "Consumer market size peer comparison",
      "indicator_key": "consumer_market_size",
      "indicator_ref": 1,
      "source_table_id": "consumer_market_size_peer_comparison",
      "columns": [
        "name",
        "label",
        "year",
        "value_local",
        "value",
        "cur",
        "local_currency"
      ],
      "rows": [
        {
          "name": "Germany",
          "label": "DE",
          "value": 39173.0,
          "year": "2024",
          "period_label": "2024",
          "previous_year": "2023",
          "previous_value": 40579.0,
          "value_local": null,
          "cur": null,
          "local_currency": null
        },
        {
          "name": "United Kingdom",
          "label": "UK",
          "value": 29849.1,
          "year": "2024",
          "period_label": "2024",
          "previous_year": "2023",
          "previous_value": 31344.7,
          "value_local": 25256.0,
          "cur": "GBP",
          "local_currency": "GBP"
        },
        {
          "name": "Italy",
          "label": "IT",
          "value": 26355.0,
          "year": "2024",
          "period_label": "2024",
          "previous_year": "2023",
          "previous_value": 26131.2,
          "value_local": null,
          "cur": null,
          "local_currency": null
        },
        {
          "name": "France",
          "label": "FR",
          "value": 17636.3,
          "year": "2024",
          "period_label": "2024",
          "previous_year": "2023",
          "previous_value": 18469.9,
          "value_local": null,
          "cur": null,
          "local_currency": null
        },
        {
          "name": "Netherlands",
          "label": "NL",
          "value": 11602.0,
          "year": "2024",
          "period_label": "2024",
          "previous_year": "2023",
          "previous_value": 11552.0,
          "value_local": null,
          "cur": null,
          "local_currency": null
        },
        {
          "name": "Spain",
          "label": "ES",
          "value": 10101.0,
          "year": "2024",
          "period_label": "2024",
          "previous_year": "2023",
          "previous_value": 10023.0,
          "value_local": null,
          "cur": null,
          "local_currency": null
        },
        {
          "name": "Poland",
          "label": "PL",
          "value": 5951.6,
          "year": "2024",
          "period_label": "2024",
          "previous_year": "2023",
          "previous_value": 6461.0,
          "value_local": 25626.1,
          "cur": "PLN",
          "local_currency": "PLN"
        },
        {
          "name": "Austria",
          "label": "AT",
          "value": 5804.5,
          "year": "2024",
          "period_label": "2024",
          "previous_year": "2023",
          "previous_value": 6090.5,
          "value_local": null,
          "cur": null,
          "local_currency": null
        },
        {
          "name": "Belgium",
          "label": "BE",
          "value": 5571.3,
          "year": "2024",
          "period_label": "2024",
          "previous_year": "2023",
          "previous_value": 5501.8,
          "value_local": null,
          "cur": null,
          "local_currency": null
        }
      ]
    },
    {
      "id": "consumer_expenditure_per_capita_peer_comparison",
      "title": "Furniture expenditure per capita peer comparison",
      "summary": "Furniture expenditure per capita peer comparison",
      "indicator_key": "consumer_market_size",
      "indicator_ref": 1,
      "source_table_id": "consumer_expenditure_per_capita_peer_comparison",
      "columns": [
        "name",
        "geo",
        "year",
        "value_per_capita",
        "metric_value",
        "population"
      ],
      "rows": [
        {
          "name": "LU",
          "label": "LU",
          "geo": "LU",
          "year": "2024",
          "value_per_capita": 788.33,
          "metric_value": 529800000.0,
          "population": 672050
        },
        {
          "name": "Netherlands",
          "label": "NL",
          "geo": "NL",
          "year": "2024",
          "value_per_capita": 646.61,
          "metric_value": 11602000000.0,
          "population": 17942942
        },
        {
          "name": "Austria",
          "label": "AT",
          "geo": "AT",
          "year": "2024",
          "value_per_capita": 633.77,
          "metric_value": 5804500000.0,
          "population": 9158750
        },
        {
          "name": "Denmark",
          "label": "DK",
          "geo": "DK",
          "year": "2024",
          "value_per_capita": 569.44,
          "metric_value": 3394600000.0,
          "population": 5961249
        },
        {
          "name": "Norway",
          "label": "NO",
          "geo": "NO",
          "year": "2024",
          "value_per_capita": 537.31,
          "metric_value": 2982200000.0,
          "population": 5550203
        },
        {
          "name": "Belgium",
          "label": "BE",
          "geo": "BE",
          "year": "2024",
          "value_per_capita": 471.46,
          "metric_value": 5571300000.0,
          "population": 11817096
        },
        {
          "name": "Germany",
          "label": "DE",
          "geo": "DE",
          "year": "2024",
          "value_per_capita": 469.38,
          "metric_value": 39173000000.0,
          "population": 83456045
        },
        {
          "name": "Italy",
          "label": "IT",
          "geo": "IT",
          "year": "2024",
          "value_per_capita": 446.91,
          "metric_value": 26355000000.0,
          "population": 58971230
        },
        {
          "name": "Switzerland",
          "label": "CH",
          "geo": "CH",
          "year": "2024",
          "value_per_capita": 437.88,
          "metric_value": 3924400000.0,
          "population": 8962258
        },
        {
          "name": "Ireland",
          "label": "IE",
          "geo": "IE",
          "year": "2024",
          "value_per_capita": 405.76,
          "metric_value": 2171500000.0,
          "population": 5351681
        }
      ]
    },
    {
      "id": "production_latest_rows",
      "title": "Production turnover latest six monthly YoY readings",
      "summary": "Latest six monthly YoY readings",
      "indicator_key": "production_turnover",
      "indicator_ref": 3,
      "source_table_id": "latest_six_monthly_yoy",
      "columns": [
        "date",
        "value",
        "yoy_pct"
      ],
      "rows": [
        {
          "date": "2025-07-01",
          "geo": "BG",
          "value_nominal": 77702922.20800221,
          "value_real": 63148967.13606672,
          "cur": "BGN",
          "local_currency": "BGN",
          "value_nominal_local": 151971375.3,
          "value_real_local": 123506749.9,
          "country_count": null,
          "observed_country_count": null,
          "nowcast_country_count": null,
          "observed_value_share": null,
          "included_countries": null,
          "observed_countries": null,
          "nowcast_countries": null,
          "is_nowcast": null,
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          "aggregation_method": null,
          "coverage_rule": null,
          "source_basis": null,
          "yoy_pct": 3.3,
          "previous_year_value": 147110536.7,
          "previous_year_date": "2024-07"
        },
        {
          "date": "2025-08-01",
          "geo": "BG",
          "value_nominal": 71433896.63708057,
          "value_real": 58054146.008316115,
          "cur": "BGN",
          "local_currency": "BGN",
          "value_nominal_local": 139710415.0,
          "value_real_local": 113542298.8,
          "country_count": null,
          "observed_country_count": null,
          "nowcast_country_count": null,
          "observed_value_share": null,
          "included_countries": null,
          "observed_countries": null,
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          "source_basis": null,
          "yoy_pct": -2.3,
          "previous_year_value": 142938557.5,
          "previous_year_date": "2024-08"
        },
        {
          "date": "2025-09-01",
          "geo": "BG",
          "value_nominal": 82640886.38042518,
          "value_real": 66836008.74167571,
          "cur": "BGN",
          "local_currency": "BGN",
          "value_nominal_local": 161629045.6,
          "value_real_local": 130717865.9,
          "country_count": null,
          "observed_country_count": null,
          "nowcast_country_count": null,
          "observed_value_share": null,
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          "observed_countries": null,
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          "source_basis": null,
          "yoy_pct": 12.4,
          "previous_year_value": 143759758.5,
          "previous_year_date": "2024-09"
        },
        {
          "date": "2025-10-01",
          "geo": "BG",
          "value_nominal": 95091621.82593402,
          "value_real": 77092688.1172789,
          "cur": "BGN",
          "local_currency": "BGN",
          "value_nominal_local": 185980194.0,
          "value_real_local": 150777879.4,
          "country_count": null,
          "observed_country_count": null,
          "nowcast_country_count": null,
          "observed_value_share": null,
          "included_countries": null,
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          "is_nowcast": null,
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          "source_basis": null,
          "yoy_pct": 11.5,
          "previous_year_value": 166827755.7,
          "previous_year_date": "2024-10"
        },
        {
          "date": "2025-11-01",
          "geo": "BG",
          "value_nominal": 83676335.19102673,
          "value_real": 67238231.46228759,
          "cur": "BGN",
          "local_currency": "BGN",
          "value_nominal_local": 163654176.4,
          "value_real_local": 131504533.1,
          "country_count": null,
          "observed_country_count": null,
          "nowcast_country_count": null,
          "observed_value_share": null,
          "included_countries": null,
          "observed_countries": null,
          "nowcast_countries": null,
          "is_nowcast": null,
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          "source_basis": null,
          "yoy_pct": 6.3,
          "previous_year_value": 153943648.0,
          "previous_year_date": "2024-11"
        },
        {
          "date": "2025-12-01",
          "geo": "BG",
          "value_nominal": 76245514.59453122,
          "value_real": 61070816.412905276,
          "cur": "BGN",
          "local_currency": "BGN",
          "value_nominal_local": 149120977.4,
          "value_real_local": 119442302.7,
          "country_count": null,
          "observed_country_count": null,
          "nowcast_country_count": null,
          "observed_value_share": null,
          "included_countries": null,
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          "nowcast_countries": null,
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          "yoy_pct": 1.9,
          "previous_year_value": 146285532.0,
          "previous_year_date": "2024-12"
        }
      ]
    },
    {
      "id": "ppi_peer_six_month_yoy",
      "title": "Producer price six-month YoY peer comparison",
      "summary": "Latest six-month producer-price YoY peer comparison",
      "indicator_key": "producer_price",
      "indicator_ref": 4,
      "source_table_id": "ppi_peer_six_month_yoy",
      "columns": [
        "name",
        "geo",
        "period_start",
        "period_end",
        "value",
        "previous_year_value",
        "yoy_pct"
      ],
      "rows": [
        {
          "name": "Czechia",
          "label": "CZ",
          "geo": "CZ",
          "period_start": "2024-03",
          "period_end": "2024-08",
          "months_count": 6,
          "value": 120.4,
          "previous_year_value": 109.7,
          "yoy_pct": 9.8
        },
        {
          "name": "Bulgaria",
          "label": "BG",
          "geo": "BG",
          "period_start": "2024-03",
          "period_end": "2024-08",
          "months_count": 6,
          "value": 135.3,
          "previous_year_value": 123.8,
          "yoy_pct": 9.3
        },
        {
          "name": "Ukraine",
          "label": "UA",
          "geo": "UA",
          "period_start": "2024-03",
          "period_end": "2024-08",
          "months_count": 6,
          "value": 147.2,
          "previous_year_value": 138.3,
          "yoy_pct": 6.4
        },
        {
          "name": "Belgium",
          "label": "BE",
          "geo": "BE",
          "period_start": "2024-03",
          "period_end": "2024-08",
          "months_count": 6,
          "value": 130.6,
          "previous_year_value": 123.5,
          "yoy_pct": 5.7
        },
        {
          "name": "Norway",
          "label": "NO",
          "geo": "NO",
          "period_start": "2024-03",
          "period_end": "2024-08",
          "months_count": 6,
          "value": 127.2,
          "previous_year_value": 121.1,
          "yoy_pct": 5.0
        },
        {
          "name": "Romania",
          "label": "RO",
          "geo": "RO",
          "period_start": "2024-03",
          "period_end": "2024-08",
          "months_count": 6,
          "value": 131.0,
          "previous_year_value": 125.5,
          "yoy_pct": 4.4
        },
        {
          "name": "Hungary",
          "label": "HU",
          "geo": "HU",
          "period_start": "2024-03",
          "period_end": "2024-08",
          "months_count": 6,
          "value": 142.8,
          "previous_year_value": 137.5,
          "yoy_pct": 3.9
        },
        {
          "name": "Greece",
          "label": "GR",
          "geo": "GR",
          "period_start": "2024-03",
          "period_end": "2024-08",
          "months_count": 6,
          "value": 109.7,
          "previous_year_value": 105.9,
          "yoy_pct": 3.6
        },
        {
          "name": "Netherlands",
          "label": "NL",
          "geo": "NL",
          "period_start": "2024-03",
          "period_end": "2024-08",
          "months_count": 6,
          "value": 128.0,
          "previous_year_value": 123.7,
          "yoy_pct": 3.5
        },
        {
          "name": "Austria",
          "label": "AT",
          "geo": "AT",
          "period_start": "2024-03",
          "period_end": "2024-08",
          "months_count": 6,
          "value": 115.5,
          "previous_year_value": 112.5,
          "yoy_pct": 2.6
        }
      ]
    },
    {
      "id": "retail_latest_rows",
      "title": "Retail turnover latest years",
      "summary": "Latest six monthly YoY readings",
      "indicator_key": "retail_turnover",
      "indicator_ref": 2,
      "source_table_id": "latest_six_monthly_yoy",
      "columns": [
        "date",
        "value",
        "yoy_pct"
      ],
      "rows": [
        {
          "date": "2025-11-01",
          "geo": "BG",
          "value": 274.112,
          "value_local": 274.112,
          "value_eur": 140.154,
          "cur": "BGN",
          "local_currency": "BGN",
          "source_dataset_id": "retail/market_size/bg_furniture_retail_turnover_monthly",
          "source_frequency": "monthly",
          "yoy_pct": 15.1,
          "previous_year_value": 238.1,
          "previous_year_date": "2024-11"
        },
        {
          "date": "2025-12-01",
          "geo": "BG",
          "value": 278.003,
          "value_local": 278.003,
          "value_eur": 142.143,
          "cur": "BGN",
          "local_currency": "BGN",
          "source_dataset_id": "retail/market_size/bg_furniture_retail_turnover_monthly",
          "source_frequency": "monthly",
          "yoy_pct": 28.9,
          "previous_year_value": 215.7,
          "previous_year_date": "2024-12"
        },
        {
          "date": "2026-01-01",
          "geo": "BG",
          "value": 196.58,
          "value_local": 196.58,
          "value_eur": 100.512,
          "cur": "BGN",
          "local_currency": "BGN",
          "source_dataset_id": "retail/market_size/bg_furniture_retail_turnover_monthly",
          "source_frequency": "monthly",
          "yoy_pct": 15.9,
          "previous_year_value": 169.6,
          "previous_year_date": "2025-01"
        },
        {
          "date": "2026-02-01",
          "geo": "BG",
          "value": 178.195,
          "value_local": 178.195,
          "value_eur": 91.111,
          "cur": "BGN",
          "local_currency": "BGN",
          "source_dataset_id": "retail/market_size/bg_furniture_retail_turnover_monthly",
          "source_frequency": "monthly",
          "yoy_pct": 12.8,
          "previous_year_value": 157.9,
          "previous_year_date": "2025-02"
        },
        {
          "date": "2026-03-01",
          "geo": "BG",
          "value": 211.531,
          "value_local": 211.531,
          "value_eur": 108.156,
          "cur": "BGN",
          "local_currency": "BGN",
          "source_dataset_id": "retail/market_size/bg_furniture_retail_turnover_monthly",
          "source_frequency": "monthly",
          "yoy_pct": 16.2,
          "previous_year_value": 182.1,
          "previous_year_date": "2025-03"
        },
        {
          "date": "2026-04-01",
          "geo": "BG",
          "value": 225.242,
          "value_local": 225.242,
          "value_eur": 115.166,
          "cur": "BGN",
          "local_currency": "BGN",
          "source_dataset_id": "retail/market_size/bg_furniture_retail_turnover_monthly",
          "source_frequency": "monthly",
          "yoy_pct": 14.1,
          "previous_year_value": 197.4,
          "previous_year_date": "2025-04"
        }
      ]
    },
    {
      "id": "product_search_latest_rows",
      "title": "Product search trend latest months",
      "summary": "",
      "indicator_key": "product_search",
      "indicator_ref": 11,
      "columns": [
        "date",
        "value"
      ],
      "rows": [
        {
          "date": "2025-11-01",
          "value": 133.18876199950114,
          "geo": "bg"
        },
        {
          "date": "2025-12-01",
          "value": 111.04511712353614,
          "geo": "bg"
        },
        {
          "date": "2026-01-01",
          "value": 114.15505346467677,
          "geo": "bg"
        },
        {
          "date": "2026-02-01",
          "value": 96.900339861697,
          "geo": "bg"
        },
        {
          "date": "2026-03-01",
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        },
        {
          "date": "2026-04-01",
          "value": 95.16801872266801,
          "geo": "bg"
        }
      ]
    },
    {
      "id": "exports_latest_rows",
      "title": "Furniture exports latest years",
      "summary": "",
      "indicator_key": "exports_yearly",
      "indicator_ref": 5,
      "columns": [
        "year",
        "value_local",
        "value_eur"
      ],
      "rows": [
        {
          "x_axis": "2020",
          "value": 0.75,
          "value_label": "0.75",
          "comment": "",
          "is_preliminary": false,
          "style_hint": "solid",
          "fill_hint": "solid",
          "value_local": 0.75,
          "value_eur": 0.38,
          "cur": "BGN",
          "local_currency": "BGN"
        },
        {
          "x_axis": "2021",
          "value": 0.95,
          "value_label": "0.95",
          "comment": "",
          "is_preliminary": false,
          "style_hint": "solid",
          "fill_hint": "solid",
          "value_local": 0.95,
          "value_eur": 0.49,
          "cur": "BGN",
          "local_currency": "BGN"
        },
        {
          "x_axis": "2022",
          "value": 1.06,
          "value_label": "1.06",
          "comment": "",
          "is_preliminary": false,
          "style_hint": "solid",
          "fill_hint": "solid",
          "value_local": 1.06,
          "value_eur": 0.54,
          "cur": "BGN",
          "local_currency": "BGN"
        },
        {
          "x_axis": "2023",
          "value": 0.99,
          "value_label": "0.99",
          "comment": "",
          "is_preliminary": false,
          "style_hint": "solid",
          "fill_hint": "solid",
          "value_local": 0.99,
          "value_eur": 0.51,
          "cur": "BGN",
          "local_currency": "BGN"
        },
        {
          "x_axis": "2024",
          "value": 0.93,
          "value_label": "0.93",
          "comment": "",
          "is_preliminary": false,
          "style_hint": "solid",
          "fill_hint": "solid",
          "value_local": 0.93,
          "value_eur": 0.47,
          "cur": "BGN",
          "local_currency": "BGN"
        },
        {
          "x_axis": "2025",
          "value": 0.91,
          "value_label": "0.91",
          "comment": "",
          "is_preliminary": false,
          "style_hint": "solid",
          "fill_hint": "solid",
          "value_local": 0.91,
          "value_eur": 0.47,
          "cur": "BGN",
          "local_currency": "BGN"
        }
      ]
    },
    {
      "id": "imports_latest_rows",
      "title": "Furniture imports latest years",
      "summary": "",
      "indicator_key": "imports_yearly",
      "indicator_ref": 7,
      "columns": [
        "year",
        "value_local",
        "value_eur"
      ],
      "rows": [
        {
          "x_axis": "2020",
          "value": 464.1,
          "value_label": "464.1",
          "comment": "",
          "is_preliminary": false,
          "style_hint": "solid",
          "fill_hint": "solid",
          "value_local": 464.1,
          "value_eur": 237.3,
          "cur": "BGN",
          "local_currency": "BGN"
        },
        {
          "x_axis": "2021",
          "value": 656.5,
          "value_label": "656.5",
          "comment": "",
          "is_preliminary": false,
          "style_hint": "solid",
          "fill_hint": "solid",
          "value_local": 656.5,
          "value_eur": 335.7,
          "cur": "BGN",
          "local_currency": "BGN"
        },
        {
          "x_axis": "2022",
          "value": 834.6,
          "value_label": "834.6",
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          "style_hint": "solid",
          "fill_hint": "solid",
          "value_local": 834.6,
          "value_eur": 426.7,
          "cur": "BGN",
          "local_currency": "BGN"
        },
        {
          "x_axis": "2023",
          "value": 801.6,
          "value_label": "801.6",
          "comment": "",
          "is_preliminary": false,
          "style_hint": "solid",
          "fill_hint": "solid",
          "value_local": 801.6,
          "value_eur": 409.9,
          "cur": "BGN",
          "local_currency": "BGN"
        },
        {
          "x_axis": "2024",
          "value": 879.9,
          "value_label": "879.9",
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          "is_preliminary": false,
          "style_hint": "solid",
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          "value_local": 879.9,
          "value_eur": 449.9,
          "cur": "BGN",
          "local_currency": "BGN"
        },
        {
          "x_axis": "2025",
          "value": 952.5,
          "value_label": "952.5",
          "comment": "",
          "is_preliminary": false,
          "style_hint": "solid",
          "fill_hint": "solid",
          "value_local": 952.5,
          "value_eur": 487.0,
          "cur": "BGN",
          "local_currency": "BGN"
        }
      ]
    },
    {
      "id": "export_partner_latest_rows",
      "title": "Export destination latest shares",
      "summary": "",
      "indicator_key": "exports_by_country",
      "indicator_ref": 6,
      "columns": [
        "name",
        "value"
      ],
      "rows": [
        {
          "name": "Romania",
          "label": "RO",
          "value": 0.1819
        },
        {
          "name": "Greece",
          "label": "GR",
          "value": 0.1279
        },
        {
          "name": "Poland",
          "label": "PL",
          "value": 0.0845
        },
        {
          "name": "Germany",
          "label": "DE",
          "value": 0.0696
        },
        {
          "name": "France",
          "label": "FR",
          "value": 0.0537
        },
        {
          "name": "Czechia",
          "label": "CZ",
          "value": 0.0528
        },
        {
          "name": "Netherlands",
          "label": "NL",
          "value": 0.0459
        },
        {
          "name": "United Kingdom",
          "label": "GB",
          "value": 0.0404
        },
        {
          "name": "United States",
          "label": "US",
          "value": 0.0317
        },
        {
          "name": "Turkey",
          "label": "TR",
          "value": 0.031
        }
      ]
    },
    {
      "id": "import_partner_latest_rows",
      "title": "Import partner latest shares",
      "summary": "",
      "indicator_key": "imports_by_country",
      "indicator_ref": 8,
      "columns": [
        "name",
        "value"
      ],
      "rows": [
        {
          "name": "China",
          "label": "CN",
          "value": 0.3189
        },
        {
          "name": "Turkey",
          "label": "TR",
          "value": 0.1483
        },
        {
          "name": "Poland",
          "label": "PL",
          "value": 0.1354
        },
        {
          "name": "Germany",
          "label": "DE",
          "value": 0.0736
        },
        {
          "name": "Romania",
          "label": "RO",
          "value": 0.0584
        },
        {
          "name": "Italy",
          "label": "IT",
          "value": 0.049
        },
        {
          "name": "Ukraine",
          "label": "UA",
          "value": 0.0385
        },
        {
          "name": "Serbia",
          "label": "RS",
          "value": 0.0309
        },
        {
          "name": "Vietnam",
          "label": "VN",
          "value": 0.021
        },
        {
          "name": "North Macedonia",
          "label": "MK",
          "value": 0.0157
        }
      ]
    }
  ],
  "crawl": {
    "type": "country_furniture_market_hub",
    "canonical_url": "https://www.furnilytics.com/market/bulgaria-furniture-market-hub/",
    "json_url": "https://data.furnilytics.com/market-hubs/bulgaria-furniture-market-hub.json",
    "title": "Bulgaria Furniture Market Hub",
    "meta_title": "Bulgaria Furniture Market Hub | Furnilytics",
    "meta_description": "Monthly Bulgaria furniture market hub with consumer demand, retail turnover, production, exports, imports, producer prices, housing, confidence and product-search indicators.",
    "country": {
      "name": "Bulgaria",
      "geo": "BG",
      "role": "production and regional trade market"
    },
    "market": {
      "name": "Furniture",
      "scope": "Furniture retail, production, consumption, trade, producer-price and demand context"
    },
    "market_data_updated_at": "2026-07-13",
    "refresh_frequency": "monthly",
    "executive_summary": "Bulgaria is positioned as a smaller European furniture market with a developing production base and regional trade exposure. The consumer market size is expanding, supported by a robust retail turnover that has shown significant growth over the past six months. This positive retail momentum reflects a strengthening domestic demand cycle, influenced by housing market activity, which is currently elevated and well above pre-pandemic levels, suggesting a favorable environment for furniture consumption [1][9]. Retail 6-month momentum is +17.5% year over year, supporting a positive near-term demand read. [2] However, the market faces challenges with consumer confidence remaining a headwind, as it has not fully recovered from previous declines. This sentiment impacts spending behavior, despite the strong housing activity. Additionally, while furniture exports have shown some softening, the high export exposure relative to production turnover indicates that trade dynamics remain crucial for the market's overall health [5][10]. The Bulgarian lev's peg to the euro provides stability in exchange-rate movements, further influencing trade competitiveness [1]. The latest export trend is -2.1%, which frames the external demand signal for producers. [5]",
    "key_measurements": [
      {
        "metric": "Consumer market size",
        "latest_value": "1,996.3 BGN million",
        "status": "Expanding",
        "context": "+12.7% annual change",
        "source_ref": 1
      },
      {
        "metric": "Retail market size",
        "latest_value": "2,598.0 BGN million",
        "status": "Expanding",
        "context": "+17.5% six-month YoY",
        "source_ref": 2
      },
      {
        "metric": "Production market size",
        "latest_value": "1,819.6 BGN million",
        "status": "Expanding",
        "context": "+5.7% six-month YoY",
        "source_ref": 3
      },
      {
        "metric": "Producer price index",
        "latest_value": "125.3 index points",
        "status": "Moderate pressure",
        "context": "-4.3 pp six-month YoY",
        "source_ref": 4
      },
      {
        "metric": "Furniture exports",
        "latest_value": "0.9 BGN billion",
        "status": "Export softening",
        "context": "-2.1% latest export change",
        "source_ref": 5
      },
      {
        "metric": "Furniture imports",
        "latest_value": "952.5 BGN million",
        "status": "Expanding",
        "context": "165.2% above the 2018 trough",
        "source_ref": 7
      },
      {
        "metric": "Export exposure",
        "latest_value": "50.0%",
        "status": "High export exposure",
        "context": "exports relative to production turnover",
        "source_ref": 5
      },
      {
        "metric": "Housing market activity",
        "latest_value": "207.8 index points",
        "status": "Elevated; strong expansion",
        "context": "+108 pts vs 2019",
        "source_ref": 9
      },
      {
        "metric": "Consumer confidence",
        "latest_value": "-25.8 points",
        "status": "Recovering",
        "context": "-4.9 pp six-month change",
        "source_ref": 10
      },
      {
        "metric": "Product search trend",
        "latest_value": "95.2 index points",
        "status": "Softening",
        "context": "35.6% below 2021 peak",
        "source_ref": 11
      }
    ],
    "sections": [
      {
        "id": "market_size",
        "title": "Market Size & Consumption",
        "main_indicator": "consumer_market_size",
        "summary": "The consumer market size for furniture in Bulgaria is currently expanding, reaching 1,996.3 BGN million (approximately EUR 1,020 million) with a notable annual change of +12.7% [1]. This growth indicates a robust demand for furniture, driven by both retail and production sectors, which are adapting to increasing consumer preferences and spending habits. The upward trajectory from previous years, including a significant rise from 831.2 BGN million in 2016, underscores a strong recovery in the market following earlier fluctuations. In terms of retail dynamics, Bulgaria's furniture market is experiencing a positive momentum, with recent data indicating a year-on-year growth of 15.1% and 28.9% in retail sales [2]. This surge reflects not only an increase in consumer expenditure but also a potential shift in market structure, where local producers may be gaining a larger share of the market. The current growth trajectory suggests that the Bulgarian furniture market is well-positioned for further expansion, aligning with broader regional trade trends."
      },
      {
        "id": "retail",
        "title": "Retail & Demand",
        "main_indicator": "retail_turnover",
        "summary": "The Bulgarian furniture retail market is currently expanding, with a retail market size reaching 2,598.0 BGN million (approximately EUR 1,327 million), reflecting a 17.5% increase year-over-year over the last six months [2]. This growth indicates a robust demand for furniture, driven by both production and consumption dynamics within the country. The upward trend in retail size suggests a favorable environment for retailers, although it is essential to monitor the sustainability of this growth amidst potential fluctuations in consumer behavior. Despite the overall expansion in retail market size, the product search trend has softened, currently standing at 95.2 index points, which is 35.6% below the peak observed in 2021 [11]. This decline in product search interest may signal a shift in consumer engagement or preferences, potentially impacting future demand. The contrasting trends in retail size and product search indicate a complex market landscape, where immediate retail growth may not fully align with longer-term consumer interest, necessitating strategic adjustments by market participants."
      },
      {
        "id": "industry",
        "title": "Industry & Production",
        "main_indicator": "production_turnover",
        "summary": "Bulgaria's furniture production market is currently expanding, with a production turnover reaching 1,819.6 BGN million (approximately EUR 928 million) and a year-on-year growth of 5.7% as of the latest six-month period [3]. This growth indicates a robust demand for furniture, which is likely to stimulate further investment in production capabilities and retail expansion, enhancing the overall market landscape. Despite the positive growth in production turnover, the producer price index stands at 125.3 index points, reflecting moderate pressure with a decrease of 4.3 percentage points year-on-year [4]. This suggests that while production is increasing, cost pressures may influence pricing strategies and profit margins within the market, necessitating careful management of supply chain dynamics to maintain competitiveness."
      },
      {
        "id": "supply_chain",
        "title": "Trade & Competitiveness",
        "main_indicator": "exports_by_country",
        "summary": "Bulgaria's furniture market is currently experiencing a high export exposure, with exports accounting for 50.0% of production turnover [5]. However, furniture exports have softened, showing a decline of 2.1% recently, amounting to 0.9 billion BGN (approximately 460 million EUR) [5]. This trend indicates potential pressures on production and retail demand, as a decrease in export performance may affect overall market confidence and investment in the sector. In contrast, furniture imports are expanding significantly, currently at 952.5 million BGN (around 487 million EUR), which is 165.2% above the 2018 trough [7]. This growth in imports suggests a strategic reliance on foreign suppliers, particularly from China and Turkey, which together account for a substantial portion of the import market [8]. The increasing import dependence could lead to vulnerabilities in the supply chain, particularly if global sourcing conditions change."
      },
      {
        "id": "macroeconomics",
        "title": "Macroeconomics",
        "main_indicator": "housing_market_activity",
        "summary": "Bulgaria's housing market activity has reached an elevated level of 207.8 index points, indicating strong expansion and a significant increase of 108 points compared to 2019 [9]. This robust activity is likely to stimulate demand within the furniture market, as increased housing transactions typically correlate with higher consumption of furniture products. The current momentum suggests a favorable environment for furniture production and retail, as consumers are more inclined to invest in home furnishings during periods of housing market strength. Consumer confidence in Bulgaria is currently at -25.8 points, reflecting a recovering sentiment despite a recent decline of 4.9 percentage points over the past six months [10]. This recovery, albeit slow, may influence consumer spending patterns in the furniture sector, as improved confidence can lead to increased discretionary spending. The juxtaposition of strong housing market activity and recovering consumer confidence presents a complex landscape for the furniture market, where short-term fluctuations in consumer sentiment could impact long-term growth trajectories."
      }
    ],
    "source_count": 11
  },
  "notes": [
    "The hub is a composition layer over existing indicator JSON files. Indicator pages remain the canonical source pages for methodology, charts and source-specific notes.",
    "Bulgaria is configured as a production and regional trade hub. BGN is the primary local-market view. A separate BGN/EUR exchange-rate section is intentionally excluded because the Bulgarian lev is pegged to the euro."
  ]
}
