Bulgaria: Needles, Catheters, Cannulae Market 2024

Needles, Catheters, Cannulae Market Size in Bulgaria

The Bulgarian needles, catheters, cannulae market was finally on the rise to reach $X in 2021, after two years of decline. In general, consumption posted a resilient expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Needles, Catheters, Cannulae Production in Bulgaria

In value terms, needles, catheters, cannulae production surged to $X in 2021 estimated in export price. Overall, the total production indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +7.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 when the production volume increased by 38%. Over the period under review, production reached the peak level in 2021 and is likely to see gradual growth in the near future.

Needles, Catheters, Cannulae Exports

Exports from Bulgaria

In 2021, exports of needles, catheters, cannulae from Bulgaria rose markedly to X units, with an increase of 7.6% against the previous year. In general, exports, however, recorded a drastic downturn. The growth pace was the most rapid in 2018 when exports increased by 34% against the previous year. Over the period under review, the exports attained the maximum at X units in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, needles, catheters, cannulae exports skyrocketed to $X in 2021. Overall, exports, however, continue to indicate a slight decrease. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

France (X units), Greece (X units) and Italy (X units) were the main destinations of needles, catheters, cannulae exports from Bulgaria, together comprising 65% of total exports. Morocco, Germany, the Netherlands and Russia lagged somewhat behind, together comprising a further 25%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Netherlands (with a CAGR of +109.5%), while the other leaders experienced more modest paces of growth.

In value terms, Greece ($X) emerged as the key foreign market for needles, catheters, cannulae exports from Bulgaria, comprising 49% of total exports. The second position in the ranking was held by France ($X), with a 22% share of total exports. It was followed by Germany, with a 4.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Greece amounted to +40.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+121.0% per year) and Germany (-24.7% per year).

Export Prices by Country

In 2021, the average needles, catheters, cannulae export price amounted to $X per unit, surging by 30% against the previous year. Overall, the export price recorded buoyant growth. The pace of growth was the most pronounced in 2017 when the average export price increased by 55% against the previous year. The export price peaked in 2021 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Greece ($X per unit), while the average price for exports to Italy (less than $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 Greece (+23.2%), while the prices for the other major destinations experienced more modest paces of growth.

Needles, Catheters, Cannulae Imports

Imports into Bulgaria

Needles, catheters, cannulae imports into Bulgaria soared to X units in 2021, picking up by 45% compared with 2020 figures. Overall, total imports indicated tangible growth from 2012 to 2021: its volume increased at an average annual rate of +4.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +61.0% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, needles, catheters, cannulae imports soared to $X in 2021. The total import value increased at an average annual rate of +1.4% over the period 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 2016 with an increase of 32%. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X units) constituted the largest needles, catheters, cannulae supplier to Bulgaria, with a 52% share of total imports. Moreover, needles, catheters, cannulae imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X units), fivefold. The third position in this ranking was taken by Germany (X units), with a 7.4% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +6.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+32.9% per year) and Germany (-1.8% per year).

In value terms, Germany ($X), the Netherlands ($X) and China ($X) appeared to be the largest needles, catheters, cannulae suppliers to Bulgaria, together comprising 60% of total imports. These countries were followed by Belgium, Turkey, Romania, India, Slovakia, Poland, Austria and Morocco, which together accounted for a further 22%.

In terms of the main suppliers, Slovakia, with a CAGR of +21.8%, saw 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

The average needles, catheters, cannulae import price stood at $X per unit in 2021, declining by -18.5% against the previous year. In general, the import price continues to indicate a pronounced slump. The pace of growth appeared the most rapid in 2019 an increase of 16%. As a result, import price reached the peak level of $X per unit. From 2020 to 2021, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the Netherlands ($X per unit), while the price for Morocco (less than $X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Slovakia (+15.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :