Bulgaria: Market for Medicaments Containing Corticosteroid Hormones 2024

Market Size for Medicaments Containing Corticosteroid Hormones in Bulgaria

The Bulgarian medicaments containing corticosteroid hormones market totaled $X in 2022, approximately mirroring the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, saw a relatively flat trend pattern. Medicaments containing corticosteroid hormones consumption peaked in 2022 and is likely to see gradual growth in years to come.

Exports of Medicaments Containing Corticosteroid Hormones

Exports from Bulgaria

In 2022, overseas shipments of medicaments containing corticosteroid hormones decreased by X% to X tons, falling for the fourth year in a row after three years of growth. Overall, exports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, medicaments containing corticosteroid hormones exports dropped to $X in 2022. Over the period under review, exports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2016 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Russia (X tons), Poland (X tons) and Italy (X tons) were the main destinations of medicaments containing corticosteroid hormones exports from Bulgaria, with a combined X% share of total exports. Germany, the Netherlands, the UK, Armenia, Bosnia and Herzegovina, Spain, Romania, Lithuania and Ireland lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Germany (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Russia ($X), Germany ($X) and the Netherlands ($X) appeared to be the largest markets for medicaments containing corticosteroid hormones exported from Bulgaria worldwide, with a combined X% share of total exports.

Among the main countries of destination, Germany, with a CAGR of X%, recorded the highest rates of growth with regard to 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 medicaments containing corticosteroid hormones export price stood at $X per ton in 2022, surging by X% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X,567 per ton), while the average price for exports to Armenia ($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 Ireland (X%), while the prices for the other major destinations experienced more modest paces of growth.

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Imports of Medicaments Containing Corticosteroid Hormones

Imports into Bulgaria

In 2022, imports of medicaments containing corticosteroid hormones into Bulgaria shrank remarkably to X tons, waning by X% compared with 2021 figures. Over the period under review, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when imports increased by X%. Imports peaked at X tons in 2021, and then contracted sharply in the following year.

In value terms, medicaments containing corticosteroid hormones imports fell to $X in 2022. In general, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of X%. Imports peaked at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

Hungary (X tons), Italy (X tons) and Germany (X tons) were the main suppliers of medicaments containing corticosteroid hormones imports to Bulgaria, together accounting for X% of total imports. Austria, Denmark, Greece, Poland, Slovenia, Belgium, Spain, the Netherlands and France lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Greece (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest medicaments containing corticosteroid hormones suppliers to Bulgaria were Austria ($X), Hungary ($X) and Germany ($X), with a combined X% share of total imports. Denmark, Italy, Belgium, the Netherlands, Slovenia, Poland, France, Greece and Spain lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, Greece, with a CAGR of X%, recorded the highest rates of growth with regard to 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

The average medicaments containing corticosteroid hormones import price stood at $X per ton in 2022, surging by X% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the average import price increased by X%. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for Greece ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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