Bulgaria: Medical Gel Preparations Market 2024

Medical Gel Preparations Market Size in Bulgaria

The Bulgarian medical gel preparations market rose rapidly to $X in 2022, surging by X% against the previous year. Overall, consumption, however, recorded moderate growth. As a result, consumption reached the peak level of $X. From 2016 to 2022, the growth of the market failed to regain momentum.

Medical Gel Preparations Production in Bulgaria

In value terms, medical gel preparations production rose sharply to $X in 2022 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of X%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Medical Gel Preparations Exports

Exports from Bulgaria

In 2022, approx. X tons of gel preparations for human or veterinary medicine were exported from Bulgaria; jumping by X% compared with the previous year. In general, exports enjoyed a resilient expansion. The pace of growth was the most pronounced in 2014 when exports increased by X%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, medical gel preparations exports skyrocketed to $X in 2022. Overall, exports posted a significant expansion. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2016 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Russia (X tons) was the main destination for medical gel preparations exports from Bulgaria, with a X% share of total exports. Moreover, medical gel preparations exports to Russia exceeded the volume sent to the second major destination, Romania (X tons), tenfold. Spain (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Russia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (X% per year) and Spain (X% per year).

In value terms, Russia ($X) emerged as the key foreign market for gel preparations for human or veterinary medicine exports from Bulgaria, comprising X% of total exports. The second position in the ranking was taken by Romania ($X), with a X% share of total exports. It was followed by the United Arab Emirates, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Russia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (X% per year) and the United Arab Emirates (X% per year).

Export Prices by Country

The average medical gel preparations export price stood at $X per ton in 2022, picking up by X% against the previous year. In general, the export price recorded significant growth. The most prominent rate of growth was recorded in 2015 an increase of X%. As a result, the export price attained the peak level of $X per ton. From 2016 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to Iraq ($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 the United Arab Emirates (X%), while the prices for the other major destinations experienced more modest paces of growth.

Medical Gel Preparations Imports

Imports into Bulgaria

In 2022, approx. X tons of gel preparations for human or veterinary medicine were imported into Bulgaria; which is down by X% on 2021. Overall, imports, however, posted a strong expansion. The most prominent rate of growth was recorded in 2015 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, medical gel preparations imports expanded rapidly to $X in 2022. In general, imports, however, recorded prominent growth. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Italy (X tons), Turkey (X tons) and the Czech Republic (X tons) were the main suppliers of medical gel preparations imports to Bulgaria, with a combined X% share of total imports. The Netherlands, India and Germany lagged somewhat behind, together accounting for a further X%.

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

In value terms, Italy ($X), the Czech Republic ($X) and India ($X) were the largest medical gel preparations suppliers to Bulgaria, together accounting for X% of total imports. Turkey, Germany and the Netherlands lagged somewhat behind, together comprising a further X%.

Among the main suppliers, Turkey, with a CAGR of X%, 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 2022, the average medical gel preparations import price amounted to $X per ton, surging by X% against the previous year. In general, the import price, however, saw a abrupt contraction. The pace of growth appeared the most rapid in 2014 when the average import price increased by X%. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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