Pharmaceutical Goods Price in Bulgaria - 2023
Contents:
- Pharmaceutical Goods Price in Bulgaria (CIF) - 2022
- Pharmaceutical Goods Price in Bulgaria (FOB) - 2022
- Pharmaceutical Goods Imports in Bulgaria
- Pharmaceutical Goods Exports in Bulgaria
Pharmaceutical Goods Price in Bulgaria (CIF) - 2022
In 2022, the average pharmaceutical goods import price amounted to $61,120 per ton, remaining stable against the previous year. Over the period under review, the import price, however, showed a deep slump. The pace of growth appeared the most rapid in 2016 an increase of 126% against the previous year. Over the period under review, average import prices attained the maximum at $101,693 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($147,712 per ton), while the price for China ($10,395 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+15.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Pharmaceutical Goods Price in Bulgaria (FOB) - 2022
In 2022, the average pharmaceutical goods export price amounted to $41,872 per ton, surging by 36% against the previous year. Overall, the export price recorded a resilient expansion. The most prominent rate of growth was recorded in 2015 an increase of 43%. Over the period under review, the average export prices attained the maximum in 2022 and is likely to see steady growth in the near future.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($263,859 per ton), while the average price for exports to France ($7,876 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 Russia (+7.9%), while the prices for the other major destinations experienced mixed trend patterns.
Pharmaceutical Goods Imports in Bulgaria
In 2022, the amount of pharmaceutical goodses imported into Bulgaria plummeted to 504 tons, with a decrease of -23.6% against the previous year. Overall, imports continue to indicate a pronounced shrinkage. The pace of growth appeared the most rapid in 2021 when imports increased by 26%. As a result, imports reached the peak of 659 tons, and then shrank dramatically in the following year.
In value terms, pharmaceutical goods imports declined remarkably to $31M in 2022. Over the period under review, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when imports increased by 16% against the previous year.
| Import of Pharmaceutical Goods in Bulgaria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 1.6 | 3.5 | 4.8 | 4.0 | 35.7% |
| Ireland | 2.9 | 4.7 | 3.9 | 3.8 | 9.4% |
| Germany | 5.0 | 4.9 | 6.2 | 2.9 | -16.6% |
| Hungary | 2.5 | 2.6 | 2.8 | 2.7 | 2.6% |
| Belgium | 1.5 | 1.2 | 1.9 | 2.0 | 10.1% |
| Netherlands | 1.4 | 3.6 | 3.4 | 1.6 | 4.6% |
| Poland | 1.9 | 2.1 | 2.2 | 1.6 | -5.6% |
| Romania | 0.2 | 0.2 | 0.2 | 0.9 | 65.1% |
| Turkey | 0.8 | 0.8 | 0.9 | 0.8 | 0.0% |
| Czech Republic | 0.5 | 0.3 | 0.3 | 0.4 | -7.2% |
| China | 0.4 | 0.2 | 0.5 | 0.4 | 0.0% |
| Greece | 1.6 | 0.1 | 0.1 | 0.3 | -42.8% |
| India | 0.1 | 0.1 | 0.2 | 0.2 | 26.0% |
| Others | 11.2 | 12.5 | 12.9 | 9.2 | -6.3% |
| Total | 31.7 | 36.6 | 40.3 | 30.8 | -1.0% |
Top Suppliers of Pharmaceutical Goods to Bulgaria in 2022:
- Italy (94.8 tons)
- Turkey (69.6 tons)
- Germany (44.7 tons)
- Ireland (40.6 tons)
- China (37.1 tons)
- Poland (22.4 tons)
- Hungary (21.6 tons)
- Czech Republic (17.0 tons)
- Netherlands (14.6 tons)
- Belgium (13.7 tons)
- Romania (10.5 tons)
- Greece (8.5 tons)
- India (7.3 tons)
Pharmaceutical Goods Exports in Bulgaria
Pharmaceutical goods exports from Bulgaria surged to 735 tons in 2022, picking up by 16% against 2021. The total export volume increased at an average annual rate of +7.6% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, pharmaceutical goods exports surged to $31M in 2022. Overall, exports showed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Pharmaceutical Goods in Bulgaria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 2.5 | 2.1 | 0.5 | 15.2 | 82.5% |
| Greece | 5.7 | 7.3 | 9.4 | 7.5 | 9.6% |
| France | 3.4 | 3.7 | 3.9 | 3.0 | -4.1% |
| United Arab Emirates | N/A | N/A | N/A | 0.9 | 0% |
| Germany | 0.4 | 0.5 | 0.5 | 0.4 | 0.0% |
| Romania | 0.1 | 0.1 | 0.4 | 0.3 | 44.2% |
| Netherlands | 0.8 | 0.2 | 0.3 | 0.3 | -27.9% |
| Italy | 0.6 | 0.4 | 0.2 | 0.2 | -30.7% |
| Others | 2.1 | 3.0 | 4.1 | 3.1 | 13.9% |
| Total | 15.7 | 17.2 | 19.4 | 30.8 | 25.2% |
Top Export Markets for Pharmaceutical Goods from Bulgaria in 2022:
- France (376.2 tons)
- Greece (95.7 tons)
- United Arab Emirates (70.1 tons)
- Russia (57.8 tons)
- Germany (30.6 tons)
- Italy (14.6 tons)
- Romania (11.4 tons)
- Netherlands (9.3 tons)
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