Bulgaria: First-Aid Kit Market 2024

First-Aid Kit Market Size in Bulgaria

The Bulgarian first-aid kit market rose modestly to $X in 2022, surging by 2.9% against the previous year. Overall, the total consumption indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +5.3% against 2020 indices. Over the period under review, the market reached the peak level in 2022 and is likely to continue growth in the immediate term.

First-Aid Kit Production in Bulgaria

In value terms, first-aid kit production contracted slightly to $X in 2022 estimated in export price. In general, the total production indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +6.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +1.5% against 2020 indices. The growth pace was the most rapid in 2014 with an increase of 65% against the previous year. First-aid kit production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

First-Aid Kit Exports

Exports from Bulgaria

In 2022, approx. X tons of first-aid boxes and kits were exported from Bulgaria; with a decrease of -4.9% on the previous year. In general, exports, however, showed a strong expansion. The pace of growth was the most pronounced in 2013 with an increase of 97% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, first-aid kit exports reduced markedly to $X in 2022. Overall, exports, however, saw a resilient expansion. The growth pace was the most rapid in 2014 with an increase of 103% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

France (X tons) was the main destination for first-aid kit exports from Bulgaria, with a 84% share of total exports. Moreover, first-aid kit exports to France exceeded the volume sent to the second major destination, Germany (X tons), more than tenfold. Italy (X tons) ranked third in terms of total exports with a 2.5% share.

From 2012 to 2022, the average annual growth rate of volume to France amounted to +67.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+13.8% per year) and Italy (-16.3% per year).

In value terms, France ($X) remains the key foreign market for first-aid boxes and kits exports from Bulgaria, comprising 78% of total exports. The second position in the ranking was held by Germany ($X), with an 8.9% share of total exports. It was followed by the Netherlands, with a 2.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value to France amounted to +55.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+13.0% per year) and the Netherlands (-11.1% per year).

Export Prices by Country

The average first-aid kit export price stood at $X per ton in 2022, reducing by -11.8% against the previous year. Over the period under review, the export price saw a pronounced decline. The most prominent rate of growth was recorded in 2017 an increase of 35% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to France ($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 Greece (+5.2%), while the prices for the other major destinations experienced a decline.

First-Aid Kit Imports

Imports into Bulgaria

In 2022, the amount of first-aid boxes and kits imported into Bulgaria contracted to X tons, waning by -9.9% against 2021. Overall, imports, however, saw a remarkable increase. The growth pace was the most rapid in 2018 with an increase of 70% against the previous year. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, first-aid kit imports fell to $X in 2022. In general, imports, however, posted buoyant growth. The most prominent rate of growth was recorded in 2017 with an increase of 90% against the previous year. Imports peaked at $X in 2021, and then contracted in the following year.

Imports by Country

Turkey (X tons), China (X tons) and Germany (X tons) were the main suppliers of first-aid kit imports to Bulgaria, with a combined 94% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of +56.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest first-aid kit suppliers to Bulgaria were Turkey ($X), China ($X) and Germany ($X), with a combined 86% share of total imports.

Turkey, with a CAGR of +40.9%, saw the highest growth rate of the value of imports, among the main suppliers 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 first-aid kit import price amounted to $X per ton, reducing by -1.6% against the previous year. In general, the import price recorded a abrupt decline. The pace of growth was the most pronounced in 2014 when the average import price increased by 37% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 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 ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+0.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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