Bulgaria: Market for Human Blood And Animal Blood Prepared For Therapeutic, Pophylactic Or Diagnostic Uses 2022

Market Size for Human Blood And Animal Blood Prepared For Therapeutic, Pophylactic Or Diagnostic Uses in Bulgaria

In 2021, the Bulgarian human and animal blood market was finally on the rise to reach $X after two years of decline. Overall, consumption posted significant growth. Human and animal blood consumption peaked in 2021 and is expected to retain growth in years to come.

Production of Human Blood And Animal Blood Prepared For Therapeutic, Pophylactic Or Diagnostic Uses in Bulgaria

In value terms, human and animal blood production rose significantly to $X in 2021 estimated in export price. Over the period under review, production showed a resilient increase. The pace of growth appeared the most rapid in 2018 when the production volume increased by X%. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Exports of Human Blood And Animal Blood Prepared For Therapeutic, Pophylactic Or Diagnostic Uses

Exports from Bulgaria

In 2021, the amount of human blood and animal blood prepared for therapeutic, pophylactic or diagnostic uses exported from Bulgaria soared to X tons, growing by X% on 2020 figures. Over the period under review, total exports indicated a noticeable expansion from 2012 to 2021: its volume increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -X% against 2019 indices. Over the period under review, the exports reached the maximum at X tons in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, human and animal blood exports declined modestly to $X in 2021. The total export value increased at an average annual rate of +X% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of X%. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons), Russia (X tons) and Lithuania (X tons) were the main destinations of human and animal blood exports from Bulgaria, with a combined X% share of total exports.

From 2012 to 2021, the biggest increases were in Lithuania (with a CAGR of +X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for human and animal blood exports from Bulgaria, comprising X% of total exports. The second position in the ranking was held by Russia ($X), with a X% share of total exports. It was followed by North Macedonia, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (-X% per year) and North Macedonia (+X% per year).

Export Prices by Country

In 2021, the average human and animal blood export price amounted to $X per ton, dropping by -X% against the previous year. In general, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 an increase of X%. As a result, the export price reached the peak level of $X per ton, and then contracted rapidly in the following year.

Prices varied noticeably by the country of destination: the country with the highest price was North Macedonia ($X per ton), while the average price for exports to Lithuania ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (-X%), while the prices for the other major destinations experienced a decline.

Imports of Human Blood And Animal Blood Prepared For Therapeutic, Pophylactic Or Diagnostic Uses

Imports into Bulgaria

In 2021, overseas purchases of human blood and animal blood prepared for therapeutic, pophylactic or diagnostic uses were finally on the rise to reach X tons after two years of decline. Overall, imports showed a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, human and animal blood imports skyrocketed to $X in 2021. Over the period under review, imports continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Imports peaked in 2021 and are likely to continue growth in the near future.

Imports by Country

In 2021, Ukraine (X tons) constituted the largest supplier of human and animal blood to Bulgaria, accounting for a X% share of total imports. Moreover, human and animal blood imports from Ukraine exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold. The third position in this ranking was taken by Latvia (X tons), with a X% share.

From 2012 to 2021, the average annual growth rate of volume from Ukraine totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+X% per year) and Latvia (+X% per year).

In value terms, the largest human and animal blood suppliers to Bulgaria were Poland ($X), Ukraine ($X) and Austria ($X), with a combined X% share of total imports.

In terms of the main suppliers, Ukraine, with a CAGR of +X%, 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 2021, the average human and animal blood import price amounted to $X per ton, declining by -X% against the previous year. In general, the import price showed a abrupt curtailment. The pace of growth appeared the most rapid in 2014 an increase of X%. As a result, import price reached the peak level of $X per ton. From 2015 to 2021, the average import prices remained at a lower figure.

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

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :