Bulgaria: Mobile Lifting Frame Market 2024

Mobile Lifting Frame Market Size in Bulgaria

In 2021, the Bulgarian mobile lifting frame market was finally on the rise to reach $X after four years of decline. Over the period under review, consumption, however, saw a abrupt curtailment. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Mobile Lifting Frame Production in Bulgaria

In value terms, mobile lifting frame production skyrocketed to $X in 2021 estimated in export price. Over the period under review, production, however, saw a abrupt contraction. The pace of growth was the most pronounced in 2019 with an increase of 42%. Over the period under review, production attained the peak level at $X in 2016; however, from 2017 to 2021, production failed to regain momentum.

Mobile Lifting Frame Exports

Exports from Bulgaria

In 2019, shipments abroad of mobile lifting frames on tyres and straddle carriers increased by 13,054% to X units for the first time since 2016, thus ending a two-year declining trend. Overall, exports enjoyed significant growth. Over the period under review, the exports attained the peak figure at X units in 2016; however, from 2017 to 2019, the exports failed to regain momentum.

In value terms, mobile lifting frame exports skyrocketed to $X in 2019. Over the period under review, exports saw a significant expansion. Over the period under review, the exports hit record highs at $X in 2016; however, from 2017 to 2019, the exports failed to regain momentum.

Exports by Country

Romania (X units) was the main destination for mobile lifting frame exports from Bulgaria, accounting for a 90% share of total exports. Moreover, mobile lifting frame exports to Romania exceeded the volume sent to the second major destination, Norway (X units), more than tenfold.

From 2014 to 2019, the average annual rate of growth in terms of volume to Romania amounted to +68.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (0.0% per year) and Italy (-67.1% per year).

In value terms, Romania ($X) remains the key foreign market for mobile lifting frames on tyres and straddle carriers exports from Bulgaria, comprising 83% of total exports. The second position in the ranking was held by Norway ($X), with a 16% share of total exports.

From 2014 to 2019, the average annual growth rate of value to Romania amounted to +90.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (0.0% per year) and Italy (-69.6% per year).

Export Prices by Country

In 2019, the average mobile lifting frame export price amounted to $X per unit, increasing by 37% against the previous year. Overall, the export price, however, showed a pronounced descent. The most prominent rate of growth was recorded in 2016 when the average export price increased by 67%. Over the period under review, the average export prices reached the maximum at $X per unit in 2017; however, from 2018 to 2019, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2019, amid the top suppliers, the country with the highest price was Norway ($X per unit), while the average price for exports to Italy ($X per unit) was amongst the lowest.

From 2014 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Romania (+13.2%).

Mobile Lifting Frame Imports

Imports into Bulgaria

In 2021, supplies from abroad of mobile lifting frames on tyres and straddle carriers was finally on the rise to reach X units for the first time since 2017, thus ending a three-year declining trend. Over the period under review, imports, however, saw a drastic downturn. Over the period under review, imports attained the peak figure at X units in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, mobile lifting frame imports skyrocketed to $X in 2021. In general, imports, however, showed a abrupt descent. Imports peaked at $X in 2017; however, from 2018 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, the UK (X units) was the main supplier of mobile lifting frame to Bulgaria, accounting for a 96% share of total imports. Moreover, mobile lifting frame imports from the UK exceeded the figures recorded by the second-largest supplier, Italy (X units), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from the UK stood at +9.7%.

In value terms, the UK ($X) constituted the largest supplier of mobile lifting frames on tyres and straddle carriers to Bulgaria, comprising 96% of total imports. The second position in the ranking was held by Italy ($X), with a 3.6% share of total imports.

From 2012 to 2021, the average annual growth rate of value from the UK totaled +7.6%.

Import Prices by Country

In 2021, the average mobile lifting frame import price amounted to $X per unit, reducing by -4.8% against the previous year. Overall, the import price recorded a pronounced contraction. The growth pace was the most rapid in 2015 when the average import price increased by 34%. As a result, import price reached the peak level of $X per unit. From 2016 to 2021, the average import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the UK ($X per unit), while the price for Italy stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+14.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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