Bulgaria: Medicaments Containing Hormones Market 2024

Medicaments Containing Hormones Market Size in Bulgaria

The Bulgarian medicaments containing hormones market surged to $X in 2022, growing by X% against the previous year. Overall, consumption, however, recorded a deep setback. Medicaments containing hormones consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Medicaments Containing Hormones Production in Bulgaria

In value terms, medicaments containing hormones production soared to $X in 2022 estimated in export price. Over the period under review, production recorded a resilient increase. Over the period under review, production attained the maximum level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Medicaments Containing Hormones Exports

Exports from Bulgaria

In 2022, exports of medicaments containing hormones but not antibiotics from Bulgaria dropped modestly to X tons, almost unchanged from the previous year. Overall, exports, however, posted significant growth. The growth pace was the most rapid in 2013 with an increase of X%. Over the period under review, the exports reached the peak figure at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, medicaments containing hormones exports reduced to $X in 2022. Over the period under review, exports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2013 when exports increased by X% 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

Austria (X tons) was the main destination for medicaments containing hormones exports from Bulgaria, with a X% share of total exports. Moreover, medicaments containing hormones exports to Austria exceeded the volume sent to the second major destination, the Czech Republic (X tons), more than tenfold. The third position in this ranking was held by Hungary (X kg), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Austria totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (X% per year) and Hungary (X% per year).

In value terms, Austria ($X) remains the key foreign market for medicaments containing hormones but not antibiotics exports from Bulgaria, comprising X% of total exports. The second position in the ranking was taken by the Czech Republic ($X), with a X% share of total exports. It was followed by Hungary, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Austria stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (X% per year) and Hungary (X% per year).

Export Prices by Country

In 2022, the average medicaments containing hormones export price amounted to $X per ton, waning by X% against the previous year. Overall, the export price continues to indicate a deep slump. The most prominent rate of growth was recorded in 2021 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the maximum at $X,948 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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

Medicaments Containing Hormones Imports

Imports into Bulgaria

In 2022, purchases abroad of medicaments containing hormones but not antibiotics increased by X% to X tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports recorded significant growth. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, medicaments containing hormones imports soared to $X in 2022. In general, imports posted significant growth. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. Imports peaked in 2022 and are likely to continue growth in years to come.

Imports by Country

In 2022, Italy (X tons) constituted the largest medicaments containing hormones supplier to Bulgaria, with a X% share of total imports. Moreover, medicaments containing hormones imports from Italy exceeded the figures recorded by the second-largest supplier, Hungary (X tons), twofold. Spain (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Italy amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Hungary (X% per year) and Spain (X% per year).

In value terms, Hungary ($X), Spain ($X) and Germany ($X) appeared to be the largest medicaments containing hormones suppliers to Bulgaria, with a combined X% share of total imports. Poland, Italy, Malta, Portugal and Greece lagged somewhat behind, together comprising a further X%.

Among the main suppliers, Poland, with a CAGR of X%, saw the highest growth rate of 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 2022, the average medicaments containing hormones import price amounted to $X per ton, growing by X% against the previous year. In general, the import price continues to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2020 an increase of X%. Over the period under review, average import prices attained the peak figure in 2022 and is likely to continue growth in years to come.

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 Germany ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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