Bulgaria: Dental Instruments Market 2022

Dental Instruments Market Size in Bulgaria

The Bulgarian dental instruments market surged to $X in 2021, rising by X% against the previous year. Overall, consumption showed a remarkable increase. Dental instruments consumption peaked in 2021 and is likely to continue growth in the near future.

Dental Instruments Production in Bulgaria

In value terms, dental instruments production soared to $X in 2021 estimated in export price. Over the period under review, production, however, saw resilient growth. The pace of growth was the most pronounced in 2013 with an increase of X%. Over the period under review, production reached the peak level at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Dental Instruments Exports

Exports from Bulgaria

In 2021, approx. X units of instruments for dental sciences were exported from Bulgaria; jumping by X% against the previous year. Over the period under review, exports recorded a strong increase. The most prominent rate of growth was recorded in 2014 when exports increased by X%. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in the immediate term.

In value terms, dental instruments exports soared to $X in 2021. Overall, exports saw a strong expansion. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Italy (X units) was the main destination for dental instruments exports from Bulgaria, accounting for a X% share of total exports. Moreover, dental instruments exports to Italy exceeded the volume sent to the second major destination, the United Arab Emirates (X units), fourfold. Turkey (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2021, the average annual growth rate of volume to Italy totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+X% per year) and Turkey (+X% per year).

In value terms, the largest markets for dental instruments exported from Bulgaria were Italy ($X), Romania ($X) and Turkey ($X), with a combined X% share of total exports. Germany, Slovenia, the United Arab Emirates, the UK, Iran, France, Poland, Azerbaijan, Armenia and Algeria lagged somewhat behind, together accounting for a further X the main countries of destination, the United Arab Emirates, with a CAGR of +X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average dental instruments export price stood at $X per unit in 2021, increasing by X% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 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 unit. From 2014 to 2021, the the average export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Germany ($X per unit), while the average price for exports to Armenia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Romania (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Dental Instruments Imports

Imports into Bulgaria

For the fourth year in a row, Bulgaria recorded growth in purchases abroad of instruments for dental sciences, which increased by X% to X units in 2021. Overall, imports saw a strong increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, dental instruments imports soared to $X in 2021. Over the period under review, imports posted a buoyant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Romania (X units), China (X units) and Germany (X units) were the main suppliers of dental instruments imports to Bulgaria, with a combined X% share of total imports.

From 2012 to 2021, the biggest increases were in Romania (with a CAGR of +X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Romania ($X) and the Netherlands ($X) were the largest dental instruments suppliers to Bulgaria, with a combined X% share of total imports.

Romania, with a CAGR of +X%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average dental instruments import price amounted to $X per unit, stabilizing at the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the maximum at $X per unit in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was the Netherlands ($X per unit), while the price for Turkey ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform