Bulgaria: Antisera Market 2024

Antisera Market Size in Bulgaria

In 2022, the Bulgarian antisera market decreased by X% to $X, falling for the second consecutive year after three years of growth. Overall, consumption, however, posted a strong expansion. Over the period under review, the market attained the peak level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Antisera Production in Bulgaria

In value terms, antisera production expanded markedly to $X in 2022 estimated in export price. Overall, production enjoyed prominent growth. The pace of growth was the most pronounced in 2017 when the production volume increased by X%. Over the period under review, production reached the maximum level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Antisera Exports

Exports from Bulgaria

In 2022, after two years of growth, there was significant decline in shipments abroad of antisera and other blood fractions, when their volume decreased by X% to X tons. Over the period under review, exports faced a significant curtailment. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, antisera exports declined remarkably to $X in 2022. Overall, exports continue to indicate a precipitous slump. The most prominent rate of growth was recorded in 2018 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Saudi Arabia (X kg), Turkey (X kg) and Vietnam (X kg) were the main destinations of antisera exports from Bulgaria, with a combined X% share of total exports.

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

In value terms, the largest markets for antisera exported from Bulgaria were Romania ($X), Saudi Arabia ($X) and Bosnia and Herzegovina ($X), together comprising X% of total exports. Azerbaijan, Vietnam, Turkey, Colombia, the Czech Republic, Georgia, North Macedonia, Sri Lanka, Poland and Tunisia lagged somewhat behind, together accounting for a further X%.

Vietnam, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average antisera export price stood at $X per kg in 2022, with a decrease of X% against the previous year. In general, the export price, however, posted a noticeable expansion. The most prominent rate of growth was recorded in 2018 an increase of X%. The export price peaked at $X per kg in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

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 Bosnia and Herzegovina ($X per kg), while the average price for exports to Turkey ($X per kg) was amongst the lowest.

From 2012 to 2022, 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.

Antisera Imports

Imports into Bulgaria

After two years of growth, overseas purchases of antisera and other blood fractions decreased by X% to X tons in 2022. In general, imports showed a deep reduction. The pace of growth appeared the most rapid in 2020 with an increase of X%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, antisera imports declined to $X in 2022. Overall, imports, however, saw a buoyant increase. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of $X, and then reduced in the following year.

Imports by Country

In 2022, Germany (X tons) constituted the largest antisera supplier to Bulgaria, with a X% share of total imports. Moreover, antisera imports from Germany exceeded the figures recorded by the second-largest supplier, Austria (X tons), twofold. Denmark (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Germany totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (X% per year) and Denmark (X% per year).

In value terms, the largest antisera suppliers to Bulgaria were Germany ($X), Switzerland ($X) and the Netherlands ($X), together comprising X% of total imports. Hungary, Belgium, Ireland, Austria, Denmark and China lagged somewhat behind, together comprising a further X%.

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

Import Prices by Country

In 2022, the average antisera import price amounted to $X per kg, surging by X% against the previous year. Over the period under review, the import price continues to indicate a significant expansion. The most prominent rate of growth was recorded in 2019 an increase of X% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Hungary ($X per kg), while the price for China ($X per kg) was amongst the lowest.

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

Source: IndexBox Platform

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