Bulgaria: Dental Fitting Market 2024

Dental Fitting Market Size in Bulgaria

In 2022, the Bulgarian dental fitting market increased by 6.9% to $X, rising for the second consecutive year after two years of decline. In general, consumption enjoyed a strong expansion. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

Dental Fitting Production in Bulgaria

In value terms, dental fitting production reduced notably to $X in 2022 estimated in export price. Overall, production, however, recorded a buoyant increase. The pace of growth was the most pronounced in 2018 with an increase of 85%. Over the period under review, production attained the peak level at $X in 2021, and then fell remarkably in the following year.

Dental Fitting Exports

Exports from Bulgaria

In 2022, dental fitting exports from Bulgaria dropped to X tons, declining by -8.6% compared with 2021 figures. In general, exports, however, posted a significant expansion. The pace of growth appeared the most rapid in 2013 when exports increased by 208%. The exports peaked at X tons in 2021, and then contracted in the following year.

In value terms, dental fitting exports declined dramatically to $X in 2022. Over the period under review, exports, however, recorded a significant increase. The pace of growth was the most pronounced in 2021 when exports increased by 179% against the previous year. As a result, the exports reached the peak of $X, and then contracted remarkably in the following year.

Exports by Country

Russia (X kg), the United Arab Emirates (X kg) and Mexico (X kg) were the main destinations of dental fitting exports from Bulgaria, with a combined 43% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United Arab Emirates (with a CAGR of +49.3%), while the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), Israel ($X) and Pakistan ($X) constituted the largest markets for dental fitting exported from Bulgaria worldwide, together comprising 63% of total exports.

The United Arab Emirates, with a CAGR of +83.5%, saw the highest growth rate of 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

In 2022, the average dental fitting export price amounted to $X per ton, waning by -20.1% against the previous year. Overall, the export price, however, recorded a buoyant increase. The pace of growth was the most pronounced in 2020 an increase of 184%. The export price peaked at $X per ton in 2021, and then fell remarkably in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Israel ($X per ton), while the average price for exports to Russia ($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 Belarus (+27.5%), while the prices for the other major destinations experienced more modest paces of growth.

Dental Fitting Imports

Imports into Bulgaria

In 2022, overseas purchases of dental fittings increased by 21% to X tons, rising for the third consecutive year after two years of decline. Overall, imports saw a strong increase. The most prominent rate of growth was recorded in 2020 when imports increased by 62% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, dental fitting imports totaled $X in 2022. Over the period under review, imports continue to indicate strong growth. The most prominent rate of growth was recorded in 2021 when imports increased by 68%. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

Germany (X tons), the Czech Republic (X tons) and Italy (X tons) were the main suppliers of dental fitting imports to Bulgaria, with a combined 72% share of total imports. China, South Korea, France, Slovakia, the United States and Austria lagged somewhat behind, together comprising a further 20%.

From 2012 to 2022, the biggest increases were recorded for Slovakia (with a CAGR of +82.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of dental fittings to Bulgaria, comprising 40% of total imports. The second position in the ranking was held by South Korea ($X), with a 13% share of total imports. It was followed by Italy, with a 7.5% share.

From 2012 to 2022, the average annual growth rate of value from Germany stood at +16.2%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+64.7% per year) and Italy (+35.0% per year).

Import Prices by Country

In 2022, the average dental fitting import price amounted to $X per ton, reducing by -5.6% against the previous year. Over the period under review, the import price, however, saw strong growth. The most prominent rate of growth was recorded in 2018 when the average import price increased by 46% against the previous year. The import price peaked at $X per ton in 2019; however, from 2020 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 the United States ($X per ton), while the price for Slovakia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+21.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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