The high inflation rates, as well as the trend for hybrid and flexible ways of working, encouraged Bulgarians to invest money in real estate and renovation. During the pandemic and post-lockdown periods, many consumers focused more on re-furnishing and invested in decoration and renovation.
Rising prices are expected to drive the retail value growth of polishes across the forecast period; however, ongoing inflation will cause consumers to carefully consider what they spend disposable incomes on. This will include spending less on items such as new shoes, as consumers buy new shoes only when absolutely necessary.
Inflation and high prices are expected to have a detrimental effect on polishes across the forecast period. As such, it is expected that consumers will start adapting their buying habits, purchasing polishes from Lidl, Kaufland, DM, and Lilly’s private brand ranges.
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Understand the latest market trends and future growth opportunities for the Polishes industry in Bulgaria with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Polishes industry in Bulgaria, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
Polishes
This is the aggregation of shoe, floor, furniture and metal polish.
See All of Our DefinitionsThis report originates from Passport, our Polishes research and analysis database.
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