Bulgaria: Antibiotics Market Overview 2020

Antibiotics Market Size in Bulgaria

The revenue of the antibiotics market in Bulgaria amounted to $X in 2018, growing by X% against the previous year. The market value increased at an average annual rate of +X% from 2007 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2012 with an increase of X% against the previous year. Over the period under review, the antibiotics market reached its peak figure level at $X in 2013; however, from 2014 to 2018, consumption failed to regain its momentum.

Antibiotics Production in Bulgaria

In value terms, antibiotics production totaled $X in 2018 estimated in export prices. In general, antibiotics production continues to indicate a mild setback. The most prominent rate of growth was recorded in 2013 with an increase of X% year-to-year. In that year, antibiotics production attained its peak level of $X. From 2014 to 2018, antibiotics production growth remained at a somewhat lower figure.

Antibiotics Exports

Exports from Bulgaria

In 2018, the antibiotics exports from Bulgaria amounted to X tonnes, going up by X% against the previous year. Over the period under review, the total exports indicated conspicuous growth from 2007 to 2018: its volume increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, antibiotics exports decreased by -X% against 2016 indices. The pace of growth appeared the most rapid in 2012 when exports increased by X% y-o-y. Over the period under review, antibiotics exports reached their peak figure at X tonnes in 2016; however, from 2017 to 2018, exports failed to regain their momentum.

In value terms, antibiotics exports amounted to $X in 2018. In general, antibiotics exports continue to indicate a measured decrease. The pace of growth was the most pronounced in 2013 when exports increased by X% year-to-year. In that year, antibiotics exports reached their peak of $X. From 2014 to 2018, the growth of antibiotics exports failed to regain its momentum.

Exports by Country

South Africa (X tonnes), Canada (X tonnes) and Russia (X tonnes) were the main destinations of antibiotics exports from Bulgaria, with a combined X% share of total exports. Denmark, India, Thailand, the U.S., Switzerland, Italy, Australia, Viet Nam and Tunisia lagged somewhat behind, together comprising a further X 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main countries of destination, was attained by Australia (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, Denmark ($X), Thailand ($X) and Switzerland ($X) constituted the largest markets for antibiotics exported from Bulgaria worldwide, together accounting for X% of total exports. The U.S., Russia, Italy, Canada, Australia, Viet Nam, India, South Africa and Tunisia lagged somewhat behind, together accounting for a further X experienced the highest rates of growth with regard to exports, in terms of the main countries of destination over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Export Prices by Country

The average antibiotics export price stood at $X per tonne in 2018, waning by -X% against the previous year. Overall, the antibiotics export price continues to indicate a deep descent. The most prominent rate of growth was recorded in 2013 when the average export price increased by X% year-to-year. The export price peaked at $X per tonne in 2008; however, from 2009 to 2018, export prices failed to regain their momentum.

Prices varied noticeably by the country of destination; the country with the highest price was Italy ($X per tonne), while the average price for exports to South Africa ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Tunisia, while the prices for the other major destinations experienced a decline.

Antibiotics Imports

Imports into Bulgaria

In 2018, the amount of antibiotics imported into Bulgaria amounted to X tonnes, increasing by X% against the previous year. Overall, antibiotics imports continue to indicate prominent growth. The most prominent rate of growth was recorded in 2011 with an increase of X% year-to-year. Imports peaked at X tonnes in 2013; however, from 2014 to 2018, imports remained at a lower figure.

In value terms, antibiotics imports amounted to $X in 2018. In general, antibiotics imports continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2012 with an increase of X% y-o-y. In that year, antibiotics imports reached their peak of $X. From 2013 to 2018, the growth of antibiotics imports failed to regain its momentum.

Imports by Country

In 2018, China (X tonnes) constituted the largest supplier of antibiotics to Bulgaria, with a X% share of total imports. Moreover, antibiotics imports from China exceeded the figures recorded by the second-largest supplier, Germany (X tonnes), eightfold. The third position in this ranking was occupied by India (X tonnes), with a X% share.

From 2007 to 2018, the average annual growth rate of volume from China amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+X% per year) and India (+X% per year).

In value terms, China ($X) constituted the largest supplier of antibiotics to Bulgaria, comprising X% of total antibiotics imports. The second position in the ranking was occupied by India ($X), with a X% share of total imports. It was followed by Germany, with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of value from China stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+X% per year) and Germany (+X% per year).

Import Prices by Country

The average antibiotics import price stood at $X per tonne in 2018, picking up by X% against the previous year. In general, the import price indicated a prominent expansion from 2007 to 2018: its price increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, antibiotics import price increased by +X% against 2012 indices. The pace of growth was the most pronounced in 2010 when the average import price increased by X% year-to-year. The import price peaked in 2018 and is expected to retain its growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2018, the country with the highest price was India ($X per tonne), while the price for the Netherlands ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by the U.S., while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform