Bulgaria: Prepared Culture Media Market 2024

Prepared Culture Media Market Size in Bulgaria

After ten years of growth, the Bulgarian prepared culture media market decreased by X% to $X in 2022. In general, consumption, however, showed a resilient increase. As a result, consumption reached the peak level of $X, and then shrank in the following year.

Prepared Culture Media Exports

Exports from Bulgaria

In 2022, the amount of prepared culture media for development of micro-organisms exported from Bulgaria skyrocketed to X tons, increasing by X% on the previous year's figure. Overall, exports recorded a significant expansion. The growth pace was the most rapid in 2018 with an increase of X%. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in years to come.

In value terms, prepared culture media exports fell to $X in 2022. In general, exports continue to indicate significant growth. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Iran (X tons) was the main destination for prepared culture media exports from Bulgaria, with a X% share of total exports. Moreover, prepared culture media exports to Iran exceeded the volume sent to the second major destination, North Macedonia (X kg), more than tenfold. Albania (X kg) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Iran totaled X.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: North Macedonia (X% per year) and Albania (X% per year).

In value terms, Iran ($X) emerged as the key foreign market for prepared culture media for development of micro-organisms exports from Bulgaria, comprising X% of total exports. The second position in the ranking was held by North Macedonia ($X), with a X% share of total exports. It was followed by Greece, with a X% share.

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

Export Prices by Country

The average prepared culture media export price stood at $X per ton in 2022, waning by X% against the previous year. Over the period under review, the export price continues to indicate a perceptible downturn. The most prominent rate of growth was recorded in 2014 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was North Macedonia ($X per ton), while the average price for exports to Albania ($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 Italy (X%), while the prices for the other major destinations experienced more modest paces of growth.

Prepared Culture Media Imports

Imports into Bulgaria

After five years of growth, overseas purchases of prepared culture media for development of micro-organisms decreased by X% to X tons in 2022. In general, imports, however, recorded a resilient 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 tons, and then reduced slightly in the following year.

In value terms, prepared culture media imports dropped to $X in 2022. Overall, imports, however, recorded resilient growth. The most prominent rate of growth was recorded in 2014 with an increase of X%. Imports peaked at $X in 2021, and then shrank in the following year.

Imports by Country

Slovakia (X tons), Germany (X tons) and Denmark (X tons) were the main suppliers of prepared culture media imports to Bulgaria, with a combined X% share of total imports. Belgium, France, China, India and the UK lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of prepared culture media for development of micro-organisms to Bulgaria, comprising X% of total imports. The second position in the ranking was taken by France ($X), with a X% share of total imports. It was followed by Slovakia, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Germany amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: France (X% per year) and Slovakia (X% per year).

Import Prices by Country

The average prepared culture media import price stood at $X per ton in 2022, falling by X% against the previous year. Overall, the import price continues to indicate a drastic downturn. The growth pace was the most rapid in 2016 an increase of X%. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Slovakia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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