Bulgaria: Needles, Catheters, Cannulae Market 2024

Needles, Catheters, Cannulae Market Size in Bulgaria

The Bulgarian needles, catheters, cannulae market shrank markedly to $X in 2022, with a decrease of X% against the previous year. Overall, consumption, however, continues to indicate a buoyant increase. As a result, consumption reached the peak level of $X, and then declined rapidly in the following year.

Needles, Catheters, Cannulae Production in Bulgaria

In value terms, needles, catheters, cannulae production shrank to $X in 2022 estimated in export price. In general, the total production indicated a tangible increase 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 increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, production attained the peak level at $X in 2021, and then declined in the following year.

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Needles, Catheters, Cannulae Exports

Exports from Bulgaria

In 2022, overseas shipments of needles, catheters, cannulae decreased by X% to X units for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports recorded a abrupt shrinkage. The pace of growth was the most pronounced in 2018 with an increase of X%. Over the period under review, the exports reached the peak figure at X units in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, needles, catheters, cannulae exports shrank to $X in 2022. Overall, exports continue to indicate a perceptible curtailment. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Greece (X units), Italy (X units) and Romania (X units) were the main destinations of needles, catheters, cannulae exports from Bulgaria, with a combined X% share of total exports. France, Iran, Turkey, Israel, Lebanon, Germany and Morocco lagged somewhat behind, together comprising a further X%.

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

In value terms, Greece ($X) remains the key foreign market for needles, catheters, cannulae exports from Bulgaria, comprising X% of total exports. The second position in the ranking was held by Iran ($X), with a X% share of total exports. It was followed by Italy, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Greece totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iran (X% per year) and Italy (X% per year).

Export Prices by Country

The average needles, catheters, cannulae export price stood at $X per unit in 2022, dropping by X% against the previous year. In general, the export price, however, showed a remarkable increase. The most prominent rate of growth was recorded in 2017 when the average export price increased by X%. The export price peaked at $X per unit in 2021, and then declined in the following year.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Iran ($X per unit), while the average price for exports to Italy (less than $X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Israel (X%), while the prices for the other major destinations experienced more modest paces of growth.

Needles, Catheters, Cannulae Imports

Imports into Bulgaria

After two years of growth, overseas purchases of needles, catheters, cannulae decreased by X% to X units in 2022. In general, total imports indicated mild growth from 2012 to 2022: its volume 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, imports increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of X units, and then contracted significantly in the following year.

In value terms, needles, catheters, cannulae imports shrank to $X in 2022. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when imports increased by X%. Imports peaked at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest needles, catheters, cannulae supplier to Bulgaria, with a X% share of total imports. Moreover, needles, catheters, cannulae imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X units), sevenfold. Germany (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (X% per year) and Germany (X% per year).

In value terms, the Netherlands ($X), Germany ($X) and China ($X) constituted the largest needles, catheters, cannulae suppliers to Bulgaria, with a combined X% share of total imports. Belgium, Romania, Greece, India, Turkey, Poland and Austria lagged somewhat behind, together accounting for a further X%.

Greece, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average needles, catheters, cannulae import price stood at $X per unit in 2022, increasing by X% against the previous year. Over the period under review, the import price, however, recorded a slight decrease. The growth pace was the most rapid in 2019 an increase of X% against the previous year. As a result, import price reached the peak level of $X per unit. From 2020 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 ($X per unit), while the price for Austria ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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