Bulgaria: Dental Instruments Market 2024

Dental Instruments Market Size in Bulgaria

The Bulgarian dental instruments market surged to $X in 2021, picking up by 25% against the previous year. Overall, the total consumption indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +7.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -0.2% against 2019 indices. Dental instruments consumption peaked at $X in 2019; afterwards, it flattened through to 2021.

Dental Instruments Production in Bulgaria

In value terms, dental instruments production skyrocketed to $X in 2021 estimated in export price. Over the period under review, production, however, saw a significant expansion. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Dental Instruments Exports

Exports from Bulgaria

In 2021, dental instruments exports from Bulgaria surged to X units, picking up by 37% against the previous year's figure. Over the period under review, exports enjoyed a prominent expansion. The pace of growth was the most pronounced in 2016 when exports increased by 86% against the previous year. The exports peaked at X units in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, dental instruments exports soared to $X in 2021. In general, exports posted strong growth. The growth pace was the most rapid in 2016 with an increase of 77%. Over the period under review, the exports reached the peak figure in 2021 and are likely to see gradual growth in years to come.

Exports by Country

Italy (X units) was the main destination for dental instruments exports from Bulgaria, accounting for a 42% share of total exports. Moreover, dental instruments exports to Italy exceeded the volume sent to the second major destination, Turkey (X units), fourfold. Slovenia (X units) ranked third in terms of total exports with a 7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Italy totaled +40.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (+26.5% per year) and Slovenia (+9.7% per year).

In value terms, Italy ($X), Romania ($X) and Turkey ($X) constituted the largest markets for dental instruments exported from Bulgaria worldwide, with a combined 43% share of total exports. Germany, Slovenia, Iran, France, Poland, Azerbaijan, Armenia, Algeria and India lagged somewhat behind, together accounting for a further 32%.

In terms of the main countries of destination, France, with a CAGR of +58.2%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average dental instruments export price stood at $X per unit in 2021, rising by 19% against the previous year. Overall, export price indicated a mild expansion from 2012 to 2021: its price increased at an average annual rate of +1.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, dental instruments export price increased by +34.6% against 2019 indices. The pace of growth appeared the most rapid in 2013 when the average export price increased by 68% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2014 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Germany ($X per unit), while the average price for exports to Azerbaijan ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Romania (+14.4%), while the prices for the other major destinations experienced more modest paces of growth.

Dental Instruments Imports

Imports into Bulgaria

In 2021, approx. X units of instruments for dental sciences were imported into Bulgaria; jumping by 23% on 2020. Over the period under review, imports enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2019 when imports increased by 94% against the previous year. As a result, imports attained the peak of X units. From 2020 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, dental instruments imports soared to $X in 2021. In general, imports saw a resilient increase. The most prominent rate of growth was recorded in 2019 when imports increased by 41% against the previous year. Imports peaked in 2021 and are expected to retain growth in years to come.

Imports by Country

China (X units), Germany (X units) and Romania (X units) were the main suppliers of dental instruments imports to Bulgaria, with a combined 55% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Romania (with a CAGR of +39.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of instruments for dental sciences to Bulgaria, comprising 24% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a 10% share of total imports. It was followed by Romania, with an 8.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany stood at +10.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+33.1% per year) and Romania (+42.2% per year).

Import Prices by Country

In 2021, the average dental instruments import price amounted to $X per unit, increasing by 15% against the previous year. Over the last nine years, it increased at an average annual rate of +1.2%. The most prominent rate of growth was recorded in 2017 when the average import price increased by 22% against the previous year. Over the period under review, average import prices attained the maximum at $X per unit in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+28.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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