Bulgaria: Glass Ampoules Market 2024

Glass Ampoules Market Size in Bulgaria

The Bulgarian glass ampoules market skyrocketed to $X in 2022, rising by 134% 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). Overall, consumption recorded a slight increase. Glass ampoules consumption peaked at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Glass Ampoules Exports

Exports from Bulgaria

In 2022, shipments abroad of glass ampoules for packing of goods decreased by -97% to X units, falling for the second year in a row after six years of growth. Over the period under review, exports continue to indicate a sharp contraction. The growth pace was the most rapid in 2017 when exports increased by 756%. The exports peaked at X units in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, glass ampoules exports reduced notably to $X in 2022. Overall, exports, however, posted measured growth. The pace of growth was the most pronounced in 2013 with an increase of 1,014% against the previous year. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Georgia (X units), Belarus (X units) and Serbia (X units) were the main destinations of glass ampoules exports from Bulgaria, together accounting for 89% 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 Serbia (with a CAGR of 0.0%), while the other leaders experienced mixed trend patterns.

In value terms, Georgia ($X) emerged as the key foreign market for glass ampoules for packing of goods exports from Bulgaria, comprising 68% of total exports. The second position in the ranking was held by Ireland ($X), with an 18% share of total exports. It was followed by Belarus, with a 12% share.

From 2012 to 2022, the average annual growth rate of value to Georgia totaled -23.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ireland (0.0% per year) and Belarus (-15.4% per year).

Export Prices by Country

In 2022, the average glass ampoules export price amounted to $X per unit, growing by 281% against the previous year. In general, the export price showed a significant expansion. The most prominent rate of growth was recorded in 2013 an increase of 2,367% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2014 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Ireland ($X per unit), while the average price for exports to Serbia (less than $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 Greece (+16.0%), while the prices for the other major destinations experienced a decline.

Glass Ampoules Imports

Imports into Bulgaria

In 2022, glass ampoules imports into Bulgaria surged to X units, picking up by 106% on 2021. In general, imports recorded a notable expansion. Imports peaked at X units in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, glass ampoules imports soared to $X in 2022. Overall, imports enjoyed a modest expansion. Over the period under review, imports reached the peak figure at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Croatia (X units) constituted the largest glass ampoules supplier to Bulgaria, accounting for a 65% share of total imports. Moreover, glass ampoules imports from Croatia exceeded the figures recorded by the second-largest supplier, Hungary (X units), threefold. The third position in this ranking was held by Germany (X units), with a 4.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Croatia amounted to +13.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Hungary (-5.3% per year) and Germany (-13.7% per year).

In value terms, Croatia ($X) constituted the largest supplier of glass ampoules for packing of goods to Bulgaria, comprising 59% of total imports. The second position in the ranking was taken by Hungary ($X), with a 30% share of total imports. It was followed by Germany, with a 4.5% share.

From 2012 to 2022, the average annual growth rate of value from Croatia amounted to +12.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Hungary (-2.6% per year) and Germany (-14.4% per year).

Import Prices by Country

In 2022, the average glass ampoules import price amounted to $X per thousand units, falling by -4.3% against the previous year. Over the period under review, the import price continues to indicate a slight descent. The growth pace was the most rapid in 2019 when the average import price increased by 15%. Over the period under review, average import prices reached the peak figure at $X per thousand units in 2014; however, from 2015 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 Hungary ($X per thousand units), while the price for China ($X per thousand units) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (+2.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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