Bulgaria: Crane Market 2024

Crane Market Size in Bulgaria

After five years of decline, the Bulgarian crane market increased by X% to $X in 2022. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the peak level at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Crane Production in Bulgaria

In value terms, crane production skyrocketed to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Crane production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

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Crane Exports

Exports from Bulgaria

In 2022, crane exports from Bulgaria fell dramatically to X units, which is down by X% against the previous year's figure. In general, exports continue to indicate a abrupt decline. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. As a result, the exports attained the peak of X units, and then contracted remarkably in the following year.

In value terms, crane exports contracted dramatically to $X in 2022. Over the period under review, exports recorded a abrupt descent. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, the exports attained the peak figure at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

Turkey (X units), Russia (X units) and Romania (X units) were the main destinations of crane exports from Bulgaria, with a combined X% share of total exports.

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

In value terms, Turkey ($X), Russia ($X) and Tanzania ($X) were the largest markets for crane exported from Bulgaria worldwide, with a combined X% share of total exports. Romania, the Netherlands, Serbia, France, Portugal, Georgia, Armenia and Iran lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, the Netherlands, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average crane export price amounted to $X per unit, waning by X% against the previous year. In general, the export price saw a noticeable downturn. The growth pace was the most rapid in 2019 when the average export price increased by X%. As a result, the export price reached the peak level of $X per unit. From 2020 to 2022, the average export prices remained at a lower figure.

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 the Netherlands ($X per unit), while the average price for exports to Armenia ($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 the Netherlands (X%), while the prices for the other major destinations experienced more modest paces of growth.

Crane Imports

Imports into Bulgaria

In 2022, overseas purchases of derricks, cranes, mobile lifting frames, straddle carriers and work trucks fitted with a crane increased by X% to X units, rising for the second year in a row after two years of decline. Over the period under review, imports enjoyed a prominent increase. The pace of growth appeared the most rapid in 2014 with an increase of X%. Imports peaked at X units in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, crane imports reduced rapidly to $X in 2022. Overall, imports showed a modest increase. The pace of growth appeared the most rapid in 2014 with an increase of X%. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Spain (X units), Turkey (X units) and Italy (X units) were the main suppliers of crane imports to Bulgaria, together accounting for X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest crane suppliers to Bulgaria were Spain ($X), Italy ($X) and Germany ($X), with a combined X% share of total imports. Turkey, the Netherlands, Slovakia, Poland, Greece, Belgium, the UK and Switzerland lagged somewhat behind, together accounting for a further X%.

Poland, with a CAGR of X%, recorded the highest rates of growth with regard to 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 crane import price amounted to $X per unit, dropping by X% against the previous year. In general, the import price saw a abrupt decline. The pace of growth appeared the most rapid in 2020 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the peak figure at $X per unit in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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 Slovakia ($X per unit), while the price for Switzerland ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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