Bulgaria: Orthopedic Prosthetics Market Overview 2020

Orthopedic Prosthetics Market Size in Bulgaria

The revenue of the orthopedic prosthetics market in Bulgaria amounted to $X in 2018, shrinking by -X% against the previous year. In general, orthopedic prosthetics consumption, however, continues to indicate buoyant growth. The pace of growth appeared the most rapid in 2015 with an increase of X% y-o-y. In that year, the orthopedic prosthetics market attained its peak level of $X. From 2016 to 2018, the growth of the orthopedic prosthetics market failed to regain its momentum.

Orthopedic Prosthetics Production in Bulgaria

In value terms, orthopedic prosthetics production stood at $X in 2018 estimated in export prices. The total output value increased at an average annual rate of +X% over the period from 2007 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2014 when production volume increased by X% year-to-year. Orthopedic prosthetics production peaked at $X in 2015; however, from 2016 to 2018, production remained at a lower figure.

Orthopedic Prosthetics Exports

Exports from Bulgaria

In 2018, approx. X tonnes of artificial parts of the body (excl. artificial teeth and dental fittings and artificial joints) were exported from Bulgaria; picking up by X% against the previous year. In general, orthopedic prosthetics exports continue to indicate an outstanding increase. The growth pace was the most rapid in 2013 when exports increased by X% against the previous year. Exports peaked in 2018 and are likely to continue its growth in the immediate term.

In value terms, orthopedic prosthetics exports amounted to $X in 2018. Overall, orthopedic prosthetics exports continue to indicate outstanding growth. The pace of growth was the most pronounced in 2009 with an increase of X% against the previous year. Exports peaked in 2018 and are expected to retain its growth in the near future.

Exports by Country

Greece (X tonnes) was the main destination for orthopedic prosthetics exports from Bulgaria, with a X% share of total exports. Moreover, orthopedic prosthetics exports to Greece exceeded the volume sent to the second major destination, Ethiopia (X kg), sixfold. Viet Nam (X kg) ranked third in terms of total exports with a X% share.

From 2007 to 2018, the average annual growth rate of volume to Greece amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ethiopia (X% per year) and Viet Nam (+X% per year).

In value terms, Greece ($X) remains the key foreign market for orthopedic prosthetics exports from Bulgaria, comprising X% of total orthopedic prosthetics exports. The second position in the ranking was occupied by Viet Nam ($X), with a X% share of total exports. It was followed by Switzerland, with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of value to Greece amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Viet Nam (+X% per year) and Switzerland (+X% per year).

Export Prices by Country

In 2018, the average orthopedic prosthetics export price amounted to $X per tonne, lowering by -X% against the previous year. Over the period under review, the orthopedic prosthetics export price, however, continues to indicate a strong increase. The growth pace was the most rapid in 2009 when the average export price increased by X% against the previous year. Over the period under review, the average export prices for artificial parts of the body (excl. artificial teeth and dental fittings and artificial joints) reached their maximum at $X per tonne in 2010; however, from 2011 to 2018, export prices failed to regain their momentum.

There were significant differences in the average prices for the major foreign markets. In 2018, the country with the highest price was Viet Nam ($X per tonne), while the average price for exports to Austria ($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 Switzerland, while the prices for the other major destinations experienced more modest paces of growth.

Orthopedic Prosthetics Imports

Imports into Bulgaria

In 2018, the amount of artificial parts of the body (excl. artificial teeth and dental fittings and artificial joints) imported into Bulgaria totaled X tonnes, falling by -X% against the previous year. In general, orthopedic prosthetics imports, however, continue to indicate a strong expansion. The growth pace was the most rapid in 2015 when imports increased by X% against the previous year. Over the period under review, orthopedic prosthetics imports reached their peak figure at X tonnes in 2017, and then declined slightly in the following year.

In value terms, orthopedic prosthetics imports amounted to $X in 2018. Overall, the total imports indicated pronounced growth from 2007 to 2018: its value 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, orthopedic prosthetics imports increased by +X% against 2016 indices. The pace of growth was the most pronounced in 2013 when imports increased by X% y-o-y. Imports peaked in 2018 and are expected to retain its growth in the immediate term.

Imports by Country

The Netherlands (X tonnes), Germany (X tonnes) and Italy (X tonnes) were the main suppliers of orthopedic prosthetics imports to Bulgaria, with a combined X% share of total imports. These countries were followed by India, Turkey, Belgium, the U.S., Poland, Ireland, Slovenia and China, which together accounted for a further X 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main suppliers, was attained by India (+X% per year), while the other leaders experienced more modest paces of growth.

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

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

Import Prices by Country

The average orthopedic prosthetics import price stood at $X per tonne in 2018, picking up by X% against the previous year. In general, the orthopedic prosthetics import price, however, continues to indicate an abrupt contraction. The most prominent rate of growth was recorded in 2013 an increase of X% year-to-year. The import price peaked at $X per tonne in 2007; however, from 2008 to 2018, import prices remained at a lower figure.

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

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Poland, while the prices for the other major suppliers experienced a decline.

Source: IndexBox AI Platform