Report Update Nov 1, 2024

Bulgaria - Antibiotics - Market Analysis, Forecast, Size, Trends and Insights

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Bulgaria: Antibiotic Market 2024

Antibiotic Market Size in Bulgaria

The Bulgarian antibiotic market skyrocketed to $X in 2021, surging by 37% against the previous year. Over the period under review, consumption, however, recorded a perceptible downturn. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Antibiotic Production in Bulgaria

In value terms, antibiotic production reduced to $X in 2021 estimated in export price. In general, production recorded a resilient increase. The growth pace was the most rapid in 2015 with an increase of 162%. Over the period under review, production reached the peak level at $X in 2017; however, from 2018 to 2021, production remained at a lower figure.

Antibiotic Exports

Exports from Bulgaria

In 2021, approx. X tons of antibiotics were exported from Bulgaria; with an increase of 76% against the year before. Overall, exports posted a buoyant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, antibiotic exports expanded remarkably to $X in 2021. In general, total exports indicated a noticeable increase from 2012 to 2021: its value increased at an average annual rate of +3.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +47.1% against 2017 indices. The pace of growth was the most pronounced in 2019 with an increase of 26% against the previous year. The exports peaked in 2021 and are expected to retain growth in the near future.

Exports by Country

Brazil (X tons) was the main destination for antibiotic exports from Bulgaria, with a 77% share of total exports. Moreover, antibiotic exports to Brazil exceeded the volume sent to the second major destination, Russia (X tons), tenfold. Switzerland (X tons) ranked third in terms of total exports with a 3.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Brazil amounted to +68.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (+7.9% per year) and Switzerland (+2.4% per year).

In value terms, the largest markets for antibiotic exported from Bulgaria were Brazil ($X), Switzerland ($X) and the United States ($X), with a combined 53% share of total exports.

Among the main countries of destination, Brazil, with a CAGR of +79.5%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average antibiotic export price stood at $X per ton in 2021, with a decrease of -34.7% against the previous year. In general, the export price saw a abrupt slump. The pace of growth appeared the most rapid in 2015 an increase of 7.7%. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (+6.9%), while the prices for the other major destinations experienced more modest paces of growth.

Antibiotic Imports

Imports into Bulgaria

In 2021, overseas purchases of antibiotics decreased by -16.9% to X tons for the first time since 2017, thus ending a three-year rising trend. Overall, imports recorded a abrupt decline. The most prominent rate of growth was recorded in 2018 when imports increased by 69% against the previous year. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, antibiotic imports expanded notably to $X in 2021. In general, imports, however, showed a resilient expansion. The most prominent rate of growth was recorded in 2018 with an increase of 62% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) was the main supplier of antibiotic to Bulgaria, accounting for a 96% share of total imports. It was followed by Portugal (X tons), with a 2.1% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at -8.4%.

In value terms, China ($X) constituted the largest supplier of antibiotics to Bulgaria, comprising 87% of total imports. The second position in the ranking was taken by Portugal ($X), with an 8.4% share of total imports.

From 2012 to 2021, the average annual growth rate of value from China stood at +11.2%.

Import Prices by Country

In 2021, the average antibiotic import price amounted to $X per ton, growing by 33% against the previous year. In general, the import price recorded significant growth. The pace of growth appeared the most rapid in 2013 an increase of 96%. The import price peaked at $X per ton in 2017; however, from 2018 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Portugal ($X per ton), while the price for China totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+21.5%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for antibiotics in the world?

China constituted the country with the largest volume of antibiotic consumption, accounting for 23% of total volume. Moreover, antibiotic consumption in China exceeded the figures recorded by the second-largest consumer, India, threefold. The United States ranked third in terms of total consumption with a 9% share.

What are the largest producers of antibiotics in the world?

China remains the largest antibiotic producing country worldwide, comprising approx. 61% of total volume. Moreover, antibiotic production in China exceeded the figures recorded by the second-largest producer, the United States, eightfold. The third position in this ranking was occupied by Switzerland, with a 4.1% share.

What are the leading suppliers of antibiotics to Bulgaria?

In value terms, China constituted the largest supplier of antibiotic to Bulgaria, comprising 87% of total imports. The second position in the ranking was occupied by Portugal, with an 8.4% share of total imports.

What are the leading importers of antibiotics from Bulgaria?

In value terms, the largest markets for antibiotic exported from Bulgaria were Brazil, Switzerland and the United States, together comprising 49% of total exports.

What is the average export price for antibiotics in Bulgaria?

The average antibiotic export price stood at $17,756 per ton in 2021, reducing by -21.9% against the previous year.

What is the average import price for antibiotics in Bulgaria?

In 2021, the average antibiotic import price amounted to $42,263 per ton, jumping by 23% against the previous year.

This report provides an in-depth analysis of the antibiotic market in Bulgaria. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 21105400 - Antibiotics

Country coverage:

Bulgaria

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Bulgaria
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023