Bulgaria - Orthopaedic Appliances And Splints - Market Analysis, Forecast, Size, Trends And Insights
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View PricingOrthopaedic Appliances Price in Bulgaria - 2023
Contents:
- Orthopaedic Appliances Price in Bulgaria (CIF) - 2022
- Orthopaedic Appliances Price in Bulgaria (FOB) - 2023
- Orthopaedic Appliances Imports in Bulgaria
- Orthopaedic Appliances Exports in Bulgaria
Orthopaedic Appliances Price in Bulgaria (CIF) - 2022
In 2022, the average orthopaedic appliances import price amounted to $82 per unit, shrinking by -25.8% against the previous year. In general, import price indicated a slight increase from 2012 to 2022: its price increased at an average annual rate of +1.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 an increase of 22%. As a result, import price attained the peak level of $110 per unit, and then contracted dramatically in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Greece ($276 per unit), while the price for Portugal ($6.4 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ireland (+20.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Orthopaedic Appliances Price in Bulgaria (FOB) - 2023
The average orthopaedic appliances export price stood at $16.8 per unit in July 2023, waning by -11% against the previous month. Overall, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in August 2022 when the average export price increased by 75% against the previous month. As a result, the export price reached the peak level of $30.4 per unit. From September 2022 to July 2023, the the average export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In July 2023, the country with the highest price was Ireland ($30.1 per unit), while the average price for exports to Israel ($5.3 per unit) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+1.4%), while the prices for the other major destinations experienced a decline.
Orthopaedic Appliances Imports in Bulgaria
For the fourth consecutive year, Bulgaria recorded growth in purchases abroad of orthopaedic appliances and splints, which increased by 38% to 155K units in 2022. In general, total imports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +19.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +71.3% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, orthopaedic appliances imports reached $13M in 2022. Overall, total imports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +20.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +75.3% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 34%. Imports peaked in 2022 and are expected to retain growth in the near future.
Import of Orthopaedic Appliances in Bulgaria (Thousand USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Germany | 1,257 | 2,431 | 5,236 | 4,992 | 58.4% |
China | 494 | 386 | 389 | 948 | 24.3% |
France | 508 | 438 | 666 | 682 | 10.3% |
Turkey | 434 | 455 | 581 | 571 | 9.6% |
Ireland | N/A | N/A | N/A | 486 | 0% |
Greece | 416 | 500 | 1,230 | 402 | -1.1% |
Poland | 136 | 139 | 120 | 172 | 8.1% |
Italy | 295 | 75.2 | 68.0 | 122 | -25.5% |
Spain | 13.3 | 18.1 | 42.1 | 65.4 | 70.0% |
Slovenia | 100 | 22.3 | 37.9 | 62.5 | -14.5% |
Portugal | N/A | N/A | 21.2 | 23.4 | 10.4% |
Others | 3,561 | 4,792 | 3,972 | 4,120 | 5.0% |
Total | 7,215 | 9,254 | 12,364 | 12,646 | 20.6% |
Top Suppliers of Orthopaedic Appliances to Bulgaria in 2022:
- China (78.4K units)
- Germany (23.8K units)
- Turkey (13.6K units)
- Poland (5.7K units)
- Slovenia (5.0K units)
- France (4.7K units)
- Spain (4.2K units)
- Portugal (3.6K units)
- Italy (3.0K units)
- Ireland (2.7K units)
- Greece (1.5K units)
Orthopaedic Appliances Exports in Bulgaria
In 2022, approx. 86K units of orthopaedic appliances and splints were exported from Bulgaria; declining by -6.8% on the year before. Overall, total exports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +12.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +69.8% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 82%. As a result, the exports reached the peak of 93K units, and then dropped in the following year.
In value terms, orthopaedic appliances exports rose sharply to $8.9M in 2022. Over the period under review, exports, however, showed a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 97% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in the immediate term.
Export of Orthopaedic Appliances in Bulgaria (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Germany | 11.2 | 43.6 | 3,286 | 3,836 | 599.7% |
Switzerland | 1,547 | 1,098 | 1,670 | 2,368 | 15.2% |
Kazakhstan | 423 | 379 | 479 | 577 | 10.9% |
Greece | 929 | 1,397 | 1,075 | 362 | -27.0% |
Philippines | 58.6 | 31.1 | 38.9 | 231 | 58.0% |
Israel | 127 | 93.4 | 178 | 200 | 16.3% |
Ukraine | 133 | 82.3 | 80.2 | 77.9 | -16.3% |
Romania | 305 | 69.1 | 103 | 38.3 | -49.9% |
Moldova | 69.2 | 44.7 | 48.2 | 27.6 | -26.4% |
Italy | N/A | N/A | 8.3 | 25.2 | 203.6% |
Vietnam | 58.7 | 68.2 | 88.7 | 5.0 | -56.0% |
Algeria | 216 | 38.9 | 130 | 3.5 | -74.7% |
Others | 628 | 852 | 1,068 | 1,133 | 21.7% |
Total | 4,506 | 4,198 | 8,255 | 8,885 | 25.4% |
Top Export Markets for Orthopaedic Appliances from Bulgaria in 2022:
- Germany (37.7K units)
- Kazakhstan (15.9K units)
- Israel (7.8K units)
- Switzerland (3.6K units)
- Greece (2.4K units)
- Ukraine (2.3K units)
- Philippines (2.0K units)
- Italy (1.8K units)
- Moldova (1.0K units)
- Romania (0.8K units)
- Algeria (0.2K units)
- Vietnam (0.1K units)
This report provides an in-depth analysis of the orthopaedic appliances market in Bulgaria. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 32502239 - Orthopaedic appliances, splints and other fracture appliances
Country coverage:
- Bulgaria
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Bulgaria
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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