Bulgaria: Market for Other Medicaments For Therapeutic Or Prophylactic Uses 2024

Market Size for Other Medicaments For Therapeutic Or Prophylactic Uses in Bulgaria

The Bulgarian market for other medicaments for therapeutic or prophylactic uses contracted sharply to $X in 2022, waning by X% against the previous year. In general, consumption, however, posted a measured expansion. As a result, consumption reached the peak level of $X. From 2016 to 2022, the growth of the market failed to regain momentum.

Production of Other Medicaments For Therapeutic Or Prophylactic Uses in Bulgaria

In value terms, production of other medicaments for therapeutic or prophylactic uses fell to $X in 2022 estimated in export price. Overall, production, however, enjoyed notable growth. The most prominent rate of growth was recorded in 2015 with an increase of X%. As a result, production reached the peak level of $X. From 2016 to 2022, production of growth remained at a somewhat lower figure.

Exports of Other Medicaments For Therapeutic Or Prophylactic Uses

Exports from Bulgaria

In 2022, exports of other medicaments for therapeutic or prophylactic uses from Bulgaria skyrocketed to X tons, picking up by X% on 2021 figures. Over the period under review, exports enjoyed a notable increase. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are likely to see steady growth in the near future.

In value terms, exports of other medicaments for therapeutic or prophylactic uses soared to $X in 2022. Overall, exports showed a resilient expansion. The growth pace was the most rapid in 2019 with an increase of X%. Over the period under review, the exports of reached the peak figure in 2022 and are expected to retain growth in the near future.

Exports by Country

Poland (X tons), France (X tons) and the Netherlands (X tons) were the main destinations of exports of other medicaments for therapeutic or prophylactic uses from Bulgaria, with a combined X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by France (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for other medicaments for therapeutic or prophylactic uses exported from Bulgaria were the Netherlands ($X), Germany ($X) and Romania ($X), with a combined X% share of total exports.

Among the main countries of destination, Romania, with a CAGR of X%, recorded the highest growth rate of 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 export price for other medicaments for therapeutic or prophylactic uses stood at $X per ton in 2022, surging by X% against the previous year. Overall, the export price posted resilient growth. The most prominent rate of growth was recorded in 2018 when the average export price increased by X%. As a result, the export price reached the peak level of $X per ton. From 2019 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to France ($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 Romania (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Other Medicaments For Therapeutic Or Prophylactic Uses

Imports into Bulgaria

In 2022, the amount of other medicaments for therapeutic or prophylactic uses imported into Bulgaria fell remarkably to X tons, waning by X% compared with the year before. Overall, imports, however, posted resilient growth. The growth pace was the most rapid in 2013 with an increase of X%. Imports peaked at X tons in 2021, and then contracted rapidly in the following year.

In value terms, imports of other medicaments for therapeutic or prophylactic uses dropped rapidly to $X in 2022. In general, imports, however, posted a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, imports attained the peak of $X, and then reduced sharply in the following year.

Imports by Country

In 2022, Ireland (X tons) constituted the largest supplier of other medicaments for therapeutic or prophylactic uses to Bulgaria, accounting for a X% share of total imports. Moreover, imports of other medicaments for therapeutic or prophylactic uses from Ireland exceeded the figures recorded by the second-largest supplier, Poland (X tons), fivefold. The Netherlands (X tons) ranked third in terms of total imports with an X% share.

From 2012 to 2022, the average annual growth rate of volume from Ireland amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (X% per year) and the Netherlands (X% per year).

In value terms, Ireland ($X), the Czech Republic ($X) and Poland ($X) were the largest other medicaments for therapeutic or prophylactic uses suppliers to Bulgaria, with a combined X% share of total imports. Cyprus, Spain, India, the Netherlands, Australia, Germany, Italy, the UK and France lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Cyprus, 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

The average import price for other medicaments for therapeutic or prophylactic uses stood at $X per ton in 2022, picking up by X% against the previous year. Over the period under review, the import price continues to indicate a strong expansion. The most prominent rate of growth was recorded in 2014 when the average import price increased by X%. The import price peaked in 2022 and is expected to retain 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 Cyprus ($X,506 per ton), while the price for France ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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