Bulgaria: Pacemaker Market Overview 2020

Pacemaker Market Size in Bulgaria

The revenue of the pacemaker market in Bulgaria amounted to $X in 2018, surging by X% against 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, pacemaker consumption continues to indicate a resilient expansion. The most prominent rate of growth was recorded in 2012 when the market value increased by X% y-o-y. In that year, the pacemaker market attained its peak level of $X. From 2013 to 2018, the growth of the pacemaker market failed to regain its momentum.

Pacemaker Exports

Exports from Bulgaria

In 2018, the pacemaker exports from Bulgaria amounted to X units, going down by -X% against the previous year. Over the period under review, pacemaker exports continue to indicate a deep decline. The most prominent rate of growth was recorded in 2009 when exports decreased by -X% y-o-y. Exports peaked at X units in 2007; however, from 2008 to 2018, exports failed to regain their momentum.

In value terms, pacemaker exports stood at $X in 2018. Overall, pacemaker exports continue to indicate a sharp shrinkage. The most prominent rate of growth was recorded in 2011 when exports decreased by -X% against the previous year. Over the period under review, pacemaker exports reached their maximum at $X in 2007; however, from 2008 to 2018, exports failed to regain their momentum.

Exports by Country

Greece (X units) was the main destination for pacemaker exports from Bulgaria, accounting for a approx. X% share of total exports.

From 2007 to 2018, the average annual rate of growth in terms of volume to Greece stood at -X%.

In value terms, Greece ($X) also remains the key foreign market for pacemaker exports from Bulgaria.

From 2007 to 2018, the average annual rate of growth in terms of value to Greece stood at -X%.

Export Prices by Country

In 2018, the average pacemaker export price amounted to $X per unit, waning by -X% against the previous year. Overall, the pacemaker export price continues to indicate a deep descent. The most prominent rate of growth was recorded in 2014 when the average export price increased by X% y-o-y. In that year, the average export prices for pacemakers for stimulating heart muscles (excl. parts and accessories) attained their peak level of $X per unit. From 2015 to 2018, the growth in terms of the average export prices for pacemakers for stimulating heart muscles (excl. parts and accessories) remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Greece.

From 2007 to 2018, the rate of growth in terms of prices for Greece amounted to +X% per year.

Pacemaker Imports

Imports into Bulgaria

In 2018, approx. X units of pacemakers for stimulating heart muscles (excl. parts and accessories) were imported into Bulgaria; increasing by X% against the previous year. Over the period under review, pacemaker imports continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2012 when imports increased by X% y-o-y. In that year, pacemaker imports attained their peak of X units. From 2013 to 2018, the growth of pacemaker imports remained at a lower figure.

In value terms, pacemaker imports amounted to $X in 2018. Over the period under review, the total imports indicated a resilient increase from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, pacemaker imports decreased by -X% against 2015 indices. The most prominent rate of growth was recorded in 2008 when imports increased by X% year-to-year. Over the period under review, pacemaker imports reached their maximum at $X in 2013; however, from 2014 to 2018, imports stood at a somewhat lower figure.

Imports by Country

In 2018, Switzerland (X units) constituted the largest pacemaker supplier to Bulgaria, with a X% share of total imports. Moreover, pacemaker imports from Switzerland exceeded the figures recorded by the second-largest supplier, Germany (X units), threefold. Belgium (X units) ranked third in terms of total imports with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of volume from Switzerland totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+X% per year) and Belgium (+X% per year).

In value terms, the largest pacemaker suppliers to Bulgaria were Switzerland ($X), Germany ($X) and Belgium ($X), together accounting for X% of total imports.

In terms of the main suppliers, Switzerland experienced the highest growth rate of imports, over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the average pacemaker import price amounted to $X per unit, shrinking by -X% against the previous year. In general, the pacemaker import price continues to indicate a measured shrinkage. The most prominent rate of growth was recorded in 2011 when the average import price increased by X% year-to-year. In that year, the average import prices for pacemakers for stimulating heart muscles (excl. parts and accessories) attained their peak level of $X per unit. From 2012 to 2018, the growth in terms of the average import prices for pacemakers for stimulating heart muscles (excl. parts and accessories) failed to regain its momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2018, the country with the highest price was Sweden ($X per unit), while the price for Belgium ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Sweden, while the prices for the other major suppliers experienced a decline.

Source: IndexBox AI Platform