Bulgaria: Market for Medicaments Of Alkaloids Or Derivatives Thereof 2022

Market Size for Medicaments Of Alkaloids Or Derivatives Thereof in Bulgaria

The Bulgarian market for medicaments of alkaloids or derivatives thereof amounted to $X in 2021, with an increase of X% against the previous year. In general, consumption, however, enjoyed a prominent expansion. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Production of Medicaments Of Alkaloids Or Derivatives Thereof in Bulgaria

In value terms, production of medicaments of alkaloids or derivatives thereof amounted to $X in 2021 estimated in export price. Over the period under review, the total production indicated notable growth from 2012 to 2021: its value 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, production decreased by -X% against 2019 indices. The most prominent rate of growth was recorded in 2017 when the production volume increased by X% against the previous year. Production of peaked at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Exports of Medicaments Of Alkaloids Or Derivatives Thereof

Exports from Bulgaria

In 2019, shipments abroad of medicaments of alkaloids or derivatives thereof was finally on the rise to reach X tons for the first time since 2016, thus ending a two-year declining trend. In general, exports, however, faced a sharp downturn. Over the period under review, the exports of attained the peak figure at X tons in 2012; however, from 2013 to 2019, the exports stood at a somewhat lower figure.

In value terms, exports of medicaments of alkaloids or derivatives thereof soared to $X in 2019. Over the period under review, exports, however, faced a precipitous decrease. The exports peaked at $X in 2012; however, from 2013 to 2019, the exports stood at a somewhat lower figure.

Exports by Country

Russia (X tons) was the main destination for exports of medicaments of alkaloids or derivatives thereof from Bulgaria, with a X% share of total exports. Moreover, exports of medicaments of alkaloids or derivatives thereof to Russia exceeded the volume sent to the second major destination, Ukraine (X tons), fourfold. Romania (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2019, the average annual rate of growth in terms of volume to Russia totaled -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (-X% per year) and Romania (-X% per year).

In value terms, Russia ($X), Romania ($X) and the Netherlands ($X) appeared to be the largest markets for medicaments of alkaloids or derivatives thereof exported from Bulgaria worldwide, with a combined X% share of total exports.

The Netherlands, with a CAGR of +X%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2019, the average export price for medicaments of alkaloids or derivatives thereof amounted to $X per ton, falling by -X% against the previous year. In general, the export price continues to indicate a abrupt contraction. The growth pace was the most rapid in 2014 when the average export price increased by X%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2019, the the average export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2019, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Kazakhstan ($X per ton) was amongst the lowest.

From 2012 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Romania (+X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Medicaments Of Alkaloids Or Derivatives Thereof

Imports into Bulgaria

In 2019, the amount of medicaments of alkaloids or derivatives thereof imported into Bulgaria amounted to X tons, with an increase of X% on 2018. In general, imports posted resilient growth. The pace of growth appeared the most rapid in 2013 with an increase of X%. Imports peaked in 2019 and are likely to continue growth in the near future.

In value terms, imports of medicaments of alkaloids or derivatives thereof rose notably to $X in 2019. Over the period under review, imports recorded a prominent increase. The most prominent rate of growth was recorded in 2013 with an increase of X%. Imports peaked in 2019 and are expected to retain growth in the immediate term.

Imports by Country

Hungary (X tons), Turkey (X tons) and Romania (X tons) were the main suppliers of imports of medicaments of alkaloids or derivatives thereof to Bulgaria, with a combined X% share of total imports.

From 2012 to 2019, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Hungary ($X) constituted the largest supplier of medicaments of alkaloids or derivatives thereof to Bulgaria, comprising X% of total imports. The second position in the ranking was held by Romania ($X), with a X% share of total imports. It was followed by Greece, with a X% share.

From 2012 to 2019, the average annual rate of growth in terms of value from Hungary totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Romania (+X% per year) and Greece (+X% per year).

Import Prices by Country

The average import price for medicaments of alkaloids or derivatives thereof stood at $X per ton in 2019, waning by -X% against the previous year. Overall, import price indicated a notable expansion from 2012 to 2019: its price increased at an average annual rate of +X% over the last seven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, import price for medicaments of alkaloids or derivatives thereof decreased by -X% against 2013 indices. The growth pace was the most rapid in 2013 when the average import price increased by X%. As a result, import price reached the peak level of $X per ton. From 2014 to 2019, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2019, the country with the highest price was Greece ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2019, the most notable rate of growth in terms of prices was attained by Greece (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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