Key Market Indicators
**Bulgarian Vaccination Coverage Projected to Decline Slightly by 2028** The vaccination coverage for Bulgarian children aged 1 year old is anticipated to decline to 90 percent by 2028. This marks a minor decrease from the current 91 percent coverage in 2023, with an average annual decline of 0.2 percentage points. This trend has been consistent since 1985, during which the vaccination coverage has decreased by an average of 0.2 percentage points each year. **Bulgarian Vaccine Export to Surge by 2028** In contrast to the vaccination coverage, Bulgaria's vaccine exports are expected to experience significant growth. By 2028, vaccine exports are projected to reach approximately $45.7 million, up from $37.2 million in 2023. This represents an annual compound growth rate (CAGR) of 3.1 percent. Since 2001, the country's vaccine supply has increased by an average of 3.7 percent annually. In 2023, Bulgaria ranked 23rd in global vaccine exports, with Japan leading at the same value of $37.2 million. Belgium, the United Kingdom, and France occupied the second, third, and fourth positions respectively. **Bulgarian Vaccine Import to Increase by 2028** Bulgaria's vaccine imports are also expected to rise, reaching approximately $34.4 million by 2028, up from $29.9 million in 2023. This growth corresponds to an annual compound growth rate of 2.1 percent. Since 2001, the demand for vaccines in Bulgaria has increased by an average of 2.7 percent annually.
