Bulgaria: Chromatograph Market 2024

Chromatograph Market Size in Bulgaria

In 2022, the Bulgarian chromatograph market was finally on the rise to reach $X after three years of decline. Over the period under review, consumption saw a abrupt decline. Chromatograph consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Chromatograph Production in Bulgaria

In value terms, chromatograph production amounted to less than $X in 2022 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with a decrease of 99.9%. Over the period under review, production attained the peak level at $X in 2015; however, from 2016 to 2022, production remained at a lower figure.

Chromatograph Exports

Exports from Bulgaria

After two years of decline, shipments abroad of chromatographs and electrophoresis instruments increased by 8.2% to X units in 2022. Overall, exports posted significant growth. The growth pace was the most rapid in 2013 with an increase of 3,250% against the previous year. Over the period under review, the exports reached the peak figure at X units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, chromatograph exports surged to $X in 2022. Over the period under review, exports enjoyed a significant increase. The pace of growth appeared the most rapid in 2017 when exports increased by 12,613% against the previous year. Over the period under review, the exports attained the maximum at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

Romania (X units) was the main destination for chromatograph exports from Bulgaria, accounting for a 68% share of total exports. Moreover, chromatograph exports to Romania exceeded the volume sent to the second major destination, the United Arab Emirates (X units), threefold. The third position in this ranking was held by Iran (X units), with a 5.7% share.

From 2012 to 2022, the average annual growth rate of volume to Romania stood at +66.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+35.0% per year) and Iran (+24.6% per year).

In value terms, the largest markets for chromatograph exported from Bulgaria were Romania ($X), the United Arab Emirates ($X) and Iran ($X), together accounting for 96% of total exports.

The United Arab Emirates, with a CAGR of +102.5%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average chromatograph export price stood at $X per unit in 2022, growing by 174% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of 1,171% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per unit in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Iran ($X per unit), while the average price for exports to Armenia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+50.1%), while the prices for the other major destinations experienced more modest paces of growth.

Chromatograph Imports

Imports into Bulgaria

Chromatograph imports into Bulgaria shrank notably to X units in 2022, reducing by -63.6% compared with the previous year. Overall, imports recorded a abrupt shrinkage. The pace of growth appeared the most rapid in 2016 when imports increased by 83%. Over the period under review, imports reached the peak figure at X units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, chromatograph imports shrank remarkably to $X in 2022. In general, imports continue to indicate a deep setback. The most prominent rate of growth was recorded in 2016 when imports increased by 86% against the previous year. Over the period under review, imports attained the maximum at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

Germany (X units), Romania (X units) and Singapore (X units) were the main suppliers of chromatograph imports to Bulgaria, together comprising 57% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Singapore (with a CAGR of +34.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest chromatograph suppliers to Bulgaria were Germany ($X), Romania ($X) and China ($X), together accounting for 62% of total imports. France, Canada, Austria, Singapore, Italy, the Netherlands, Belgium, Switzerland, Japan and Slovakia lagged somewhat behind, together accounting for a further 33%.

Among the main suppliers, France, with a CAGR of +57.7%, recorded the highest rates of growth with regard to 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 chromatograph import price amounted to $X per unit, growing by 35% against the previous year. Over the period under review, the import price, however, continues to indicate a mild shrinkage. Over the period under review, average import prices hit record highs at $X per unit in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per unit), while the price for Slovakia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+46.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :