Bulgaria: Adhesive Bandage Market 2024

Adhesive Bandage Market Size in Bulgaria

The Bulgarian adhesive bandage market declined to $X in 2022, which is down by -12.8% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. Adhesive bandage consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Adhesive Bandage Exports

Exports from Bulgaria

In 2022, the amount of adhesive bandages exported from Bulgaria skyrocketed to X tons, growing by 283% on the previous year. Overall, exports posted a remarkable increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, adhesive bandage exports soared to $X in 2022. Over the period under review, exports continue to indicate significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

France (X tons) was the main destination for adhesive bandage exports from Bulgaria, accounting for a 46% share of total exports. Moreover, adhesive bandage exports to France exceeded the volume sent to the second major destination, the Netherlands (X tons), fourfold. Brazil (X tons) ranked third in terms of total exports with a 5.4% share.

From 2012 to 2022, the average annual growth rate of volume to France totaled +77.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+97.6% per year) and Brazil (0.0% per year).

In value terms, France ($X) emerged as the key foreign market for adhesive bandages exports from Bulgaria, comprising 44% of total exports. The second position in the ranking was held by Greece ($X), with a 14% share of total exports. It was followed by Cyprus, with a 6.4% share.

From 2012 to 2022, the average annual growth rate of value to France totaled +68.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Greece (+65.8% per year) and Cyprus (+64.5% per year).

Export Prices by Country

The average adhesive bandage export price stood at $X per ton in 2022, waning by -15.9% against the previous year. Over the period under review, the export price, however, enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2018 an increase of 88% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2019 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Greece ($X per ton), while the average price for exports to Germany ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Iran (+8.7%), while the prices for the other major destinations experienced more modest paces of growth.

Adhesive Bandage Imports

Imports into Bulgaria

Adhesive bandage imports into Bulgaria surged to X tons in 2022, picking up by 20% against the previous year. The total import volume increased at an average annual rate of +2.1% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2016 with an increase of 33% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, adhesive bandage imports skyrocketed to $X in 2022. The total import value increased at an average annual rate of +4.2% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of adhesive bandage to Bulgaria, with a 35% share of total imports. Moreover, adhesive bandage imports from China exceeded the figures recorded by the second-largest supplier, Egypt (X tons), twofold. France (X tons) ranked third in terms of total imports with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Egypt (+4.1% per year) and France (+8.6% per year).

In value terms, the largest adhesive bandage suppliers to Bulgaria were China ($X), France ($X) and Slovakia ($X), together comprising 52% of total imports. These countries were followed by Germany, Egypt, Italy, Turkey and Austria, which together accounted for a further 30%.

In terms of the main suppliers, Turkey, with a CAGR of +51.7%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average adhesive bandage import price amounted to $X per ton, flattening at the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.1%. The growth pace was the most rapid in 2013 an increase of 21% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Austria ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+8.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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