Bulgaria: Market for Medicaments Of Alkaloids Or Derivatives Thereof 2024

Market Size for Medicaments Of Alkaloids Or Derivatives Thereof in Bulgaria

The Bulgarian market for medicaments of alkaloids or derivatives thereof shrank to $X in 2022, falling by X% against the previous year. Over the period under review, consumption, however, posted a resilient expansion. Consumption of peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Production of Medicaments Of Alkaloids Or Derivatives Thereof in Bulgaria

In value terms, production of medicaments of alkaloids or derivatives thereof dropped to $X in 2022 estimated in export price. In general, the total production indicated a slight expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2019 indices. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, production of attained the peak level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

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Exports of Medicaments Of Alkaloids Or Derivatives Thereof

Exports from Bulgaria

In 2016, the amount of medicaments of alkaloids or derivatives thereof exported from Bulgaria totaled X tons, surging by X% on 2015. In general, exports, however, saw a abrupt descent. Over the period under review, the exports of attained the peak figure at X tons in 2012; however, from 2013 to 2016, the exports remained at a lower figure.

In value terms, exports of medicaments of alkaloids or derivatives thereof rose sharply to $X in 2016. Overall, exports, however, recorded a abrupt decline. Over the period under review, the exports of reached the maximum at $X in 2012; however, from 2013 to 2016, the exports stood at a somewhat lower figure.

Exports by Country

Russia (X tons) was the main destination for exports of medicaments of alkaloids or derivatives thereof from Bulgaria, accounting for a X% share of total exports. Moreover, exports of medicaments of alkaloids or derivatives thereof to Russia exceeded the volume sent to the second major destination, Uzbekistan (X tons), fourfold. Kazakhstan (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2016, the average annual rate of growth in terms of volume to Russia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uzbekistan (X% per year) and Kazakhstan (X% per year).

In value terms, the largest markets for medicaments of alkaloids or derivatives thereof exported from Bulgaria were Germany ($X), Russia ($X) and the Netherlands ($X), together comprising X% of total exports.

Among the main countries of destination, the Netherlands, with a CAGR of X%, recorded 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 export price for medicaments of alkaloids or derivatives thereof stood at $X per ton in 2016, which is down by X% against the previous year. Over the last four years, it increased at an average annual rate of X%. The growth pace was the most rapid in 2015 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 ton, and then shrank slightly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Latvia ($X per ton) was amongst the lowest.

From 2012 to 2016, 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.

Imports of Medicaments Of Alkaloids Or Derivatives Thereof

Imports into Bulgaria

In 2016, the amount of medicaments of alkaloids or derivatives thereof imported into Bulgaria surged to X tons, rising by X% on 2015. Overall, total imports indicated a remarkable increase from 2012 to 2016: its volume increased at an average annual rate of X% over the last four-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2016 figures, imports increased by X% against 2012 indices. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, imports of reached the peak figure in 2016 and are likely to see gradual growth in years to come.

In value terms, imports of medicaments of alkaloids or derivatives thereof dropped to $X in 2016. Over the period under review, total imports indicated buoyant growth from 2012 to 2016: its value increased at an average annual rate of X% over the last four years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2016 figures, imports decreased by X% against 2014 indices. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2016, imports failed to regain momentum.

Imports by Country

In 2016, Turkey (X tons) constituted the largest medicaments of alkaloids or derivatives thereof supplier to Bulgaria, with a X% share of total imports. Moreover, imports of medicaments of alkaloids or derivatives thereof from Turkey exceeded the figures recorded by the second-largest supplier, Hungary (X tons), threefold. Slovenia (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2016, the average annual growth rate of volume from Turkey stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Hungary (X% per year) and Slovenia (X% per year).

In value terms, Hungary ($X) constituted the largest supplier of medicaments of alkaloids or derivatives thereof to Bulgaria, comprising X% of total imports. The second position in the ranking was taken by Turkey ($X), with a X% share of total imports. It was followed by Slovenia, with a X% share.

From 2012 to 2016, the average annual rate of growth in terms of value from Hungary totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (X% per year) and Slovenia (X% per year).

Import Prices by Country

In 2016, the average import price for medicaments of alkaloids or derivatives thereof amounted to $X per ton, waning by X% against the previous year. Over the last four years, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2013 an increase of X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2016, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2016, amid the top importers, the country with the highest price was Hungary ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2016, 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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