Bulgaria: Respiration Apparatus Market 2024

Respiration Apparatus Market Size in Bulgaria

After two years of growth, the Bulgarian respiration apparatus market decreased by -45.1% to $X in 2021. In general, consumption, however, showed a significant expansion. As a result, consumption reached the peak level of $X, and then shrank notably in the following year.

Respiration Apparatus Exports

Exports from Bulgaria

Respiration apparatus exports from Bulgaria contracted markedly to X tons in 2021, reducing by -56.9% compared with the previous year's figure. Overall, exports, however, recorded temperate growth. The most prominent rate of growth was recorded in 2013 with an increase of 150% against the previous year. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, respiration apparatus exports reduced markedly to $X in 2021. Over the period under review, exports, however, enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2016 when exports increased by 359%. The exports peaked at $X in 2020, and then shrank rapidly in the following year.

Exports by Country

Greece (X tons) was the main destination for respiration apparatus exports from Bulgaria, with a 56% share of total exports. Moreover, respiration apparatus exports to Greece exceeded the volume sent to the second major destination, India (X tons), threefold. The third position in this ranking was taken by Iran (X tons), with a 7.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Greece amounted to +4.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (0.0% per year) and Iran (+65.7% per year).

In value terms, the largest markets for respiration apparatus exported from Bulgaria were Greece ($X), India ($X) and Iran ($X), together comprising 77% of total exports. These countries were followed by the UK, Romania, Italy and Moldova, which together accounted for a further 7.9%.

Among the main countries of destination, Moldova, with a CAGR of +86.3%, saw 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

In 2021, the average respiration apparatus export price amounted to $X per ton, shrinking by -24% against the previous year. Overall, the export price, however, continues to indicate strong growth. The most prominent rate of growth was recorded in 2016 an increase of 234%. The export price peaked at $X per ton in 2020, and then contracted notably in the following year.

Prices varied noticeably country of destination: the country with the highest price was the UK ($X per ton), while the average price for exports to Moldova ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+6.9%), while the prices for the other major destinations experienced a decline.

Respiration Apparatus Imports

Imports into Bulgaria

In 2021, respiration apparatus imports into Bulgaria shrank rapidly to X tons, waning by -51.1% on the previous year's figure. Over the period under review, imports, however, enjoyed a buoyant increase. The pace of growth was the most pronounced in 2020 with an increase of 203% against the previous year. As a result, imports attained the peak of X tons, and then declined rapidly in the following year.

In value terms, respiration apparatus imports contracted markedly to $X in 2021. Overall, imports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 235% against the previous year. As a result, imports attained the peak of $X, and then declined significantly in the following year.

Imports by Country

Germany (X tons), China (X tons) and Greece (X tons) were the main suppliers of respiration apparatus imports to Bulgaria, together accounting for 60% of total imports. The Netherlands, Turkey, Slovenia, Lithuania, Italy and the UK lagged somewhat behind, together comprising a further 28%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Slovenia (with a CAGR of +463.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Germany ($X) and Greece ($X) appeared to be the largest respiration apparatus suppliers to Bulgaria, together accounting for 59% of total imports. China, Slovenia, Turkey, Lithuania, the UK and Italy lagged somewhat behind, together accounting for a further 17%.

Among the main suppliers, Slovenia, with a CAGR of +314.3%, recorded 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 2021, the average respiration apparatus import price amounted to $X per ton, picking up by 11% against the previous year. Over the period under review, the import price showed a strong expansion. The most prominent rate of growth was recorded in 2019 when the average import price increased by 72%. Over the period under review, average import prices attained the maximum in 2021 and is expected to retain growth in years to come.

Prices varied noticeably country of origin: the country with the highest price was the Netherlands ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+17.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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