Bulgaria: Market for Hormones, Prostaglandins, Thromboxanes And Leukotrienes 2024

Market Size for Hormones, Prostaglandins, Thromboxanes And Leukotrienes in Bulgaria

After three years of growth, the Bulgarian market for hormones, prostaglandins, thromboxanes and leukotrienes decreased by -3.2% to $X in 2021. Over the period under review, consumption, however, enjoyed strong growth. Hormones, prostaglandins, thromboxanes and leukotrienes consumption peaked at $X in 2020, and then dropped in the following year.

Production of Hormones, Prostaglandins, Thromboxanes And Leukotrienes in Bulgaria

In value terms, hormones, prostaglandins, thromboxanes and leukotrienes production dropped modestly to $X in 2021 estimated in export price. Overall, production, however, saw a resilient increase. The pace of growth appeared the most rapid in 2018 with an increase of 107% against the previous year. Hormones, prostaglandins, thromboxanes and leukotrienes production peaked at $X in 2020, and then dropped slightly in the following year.

Exports of Hormones, Prostaglandins, Thromboxanes And Leukotrienes

Exports from Bulgaria

In 2021, shipments abroad of hormones, prostaglandins, thromboxanes and leukotrienes decreased by -32.5% to X kg, falling for the second consecutive year after three years of growth. In general, exports showed a abrupt contraction. The most prominent rate of growth was recorded in 2017 with an increase of 352% against the previous year. Over the period under review, the exports reached the peak figure at X kg in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, hormones, prostaglandins, thromboxanes and leukotrienes exports shrank remarkably to $X in 2021. Over the period under review, exports showed a deep downturn. The growth pace was the most rapid in 2018 when exports increased by 342%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

France (X kg) was the main destination for hormones, prostaglandins, thromboxanes and leukotrienes exports from Bulgaria, accounting for a 97% share of total exports. It was followed by Germany (X kg), with a 2.9% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to France totaled +30.3%.

In value terms, France ($X) remains the key foreign market for hormones, prostaglandins, thromboxanes and leukotrienes exports from Bulgaria, comprising 93% of total exports. The second position in the ranking was held by Germany ($X), with a 6.3% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to France totaled +19.2%.

Export Prices by Country

In 2021, the average export price for hormones, prostaglandins, thromboxanes and leukotrienes amounted to $X per ton, with a decrease of -3.1% against the previous year. In general, the export price showed a mild slump. The pace of growth was the most pronounced in 2020 when the average export price increased by 39% against the previous year. The export price peaked at $X per ton in 2015; however, from 2016 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Germany ($X per ton), while the average price for exports to France stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+1,330.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Hormones, Prostaglandins, Thromboxanes And Leukotrienes

Imports into Bulgaria

In 2021, overseas purchases of hormones, prostaglandins, thromboxanes and leukotrienes increased by 24% to X kg for the first time since 2017, thus ending a three-year declining trend. Overall, imports, however, recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2017 with an increase of 192% against the previous year. Over the period under review, imports hit record highs at X kg in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, hormones, prostaglandins, thromboxanes and leukotrienes imports skyrocketed to $X in 2021. In general, imports, however, recorded a abrupt slump. The pace of growth appeared the most rapid in 2017 with an increase of 159% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

China (X kg), South Korea (X kg) and France (X kg) were the main suppliers of hormones, prostaglandins, thromboxanes and leukotrienes imports to Bulgaria, together comprising 59% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by South Korea (with a CAGR of +55.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, France ($X) constituted the largest supplier of hormones, prostaglandins, thromboxanes and leukotrienes to Bulgaria, comprising 48% of total imports. The second position in the ranking was taken by Italy ($X), with an 18% share of total imports. It was followed by Switzerland, with an 8.1% share.

From 2012 to 2021, the average annual growth rate of value from France amounted to -3.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+0.3% per year) and Switzerland (+32.5% per year).

Import Prices by Country

The average import price for hormones, prostaglandins, thromboxanes and leukotrienes stood at $X per kg in 2021, falling by -5.4% against the previous year. Overall, the import price, however, recorded prominent growth. The pace of growth was the most pronounced in 2020 when the average import price increased by 105%. As a result, import price reached the peak level of $X per kg, and then fell in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was France ($X per kg), while the price for the United States ($X per kg) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Greece (+27.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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