Bulgaria: Market for Transporter Cranes, Gantry Cranes And Bridge Cranes 2024

Market Size for Transporter Cranes, Gantry Cranes And Bridge Cranes in Bulgaria

The Bulgarian transporter and bridge cranes market contracted modestly to $X in 2021, dropping by -2.3% against the previous year. Over the period under review, the total consumption indicated a mild expansion from 2012 to 2021: its value increased at an average annual rate of +1.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -13.9% against 2018 indices. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Production of Transporter Cranes, Gantry Cranes And Bridge Cranes in Bulgaria

In value terms, transporter and bridge cranes production rose remarkably to $X in 2021 estimated in export price. In general, production posted a prominent increase. The growth pace was the most rapid in 2013 with an increase of 173% against the previous year. Transporter and bridge cranes production peaked at $X in 2015; however, from 2016 to 2021, production failed to regain momentum.

Exports of Transporter Cranes, Gantry Cranes And Bridge Cranes

Exports from Bulgaria

In 2021, shipments abroad of transporter cranes, gantry cranes and bridge cranes decreased by -71.9% to X units, falling for the third consecutive year after four years of growth. In general, exports recorded a precipitous decrease. The most prominent rate of growth was recorded in 2015 with an increase of 101% against the previous year. Over the period under review, the exports attained the maximum at X units in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, transporter and bridge cranes exports dropped dramatically to $X in 2021. Overall, exports faced a dramatic decrease. The most prominent rate of growth was recorded in 2018 with an increase of 120% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Egypt (X units), Iran (X units) and Greece (X units) were the main destinations of transporter and bridge cranes exports from Bulgaria.

From 2012 to 2021, the biggest increases were recorded for Egypt (with a CAGR of +55.6%), while shipments for the other leaders experienced a decline.

In value terms, Greece ($X), Egypt ($X) and Iran ($X) constituted the largest markets for transporter and bridge cranes exported from Bulgaria worldwide, with a combined 97% share of total exports.

In terms of the main countries of destination, Egypt, with a CAGR of +73.6%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2021, the average transporter and bridge cranes export price amounted to $X per unit, surging by 9.3% against the previous year. In general, the export price enjoyed noticeable growth. The most prominent rate of growth was recorded in 2014 an increase of 355%. As a result, the export price reached the peak level of $X per unit. From 2015 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Greece ($X per unit), while the average price for exports to Iran ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to North Macedonia (+12.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Transporter Cranes, Gantry Cranes And Bridge Cranes

Imports into Bulgaria

In 2021, the amount of transporter cranes, gantry cranes and bridge cranes imported into Bulgaria dropped significantly to X units, falling by -82.9% on the year before. Overall, imports showed a abrupt descent. The growth pace was the most rapid in 2018 with an increase of 459% against the previous year. As a result, imports attained the peak of X units. From 2019 to 2021, the growth of imports remained at a lower figure.

In value terms, transporter and bridge cranes imports fell remarkably to $X in 2021. In general, imports showed a noticeable decline. The most prominent rate of growth was recorded in 2014 when imports increased by 588% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, Turkey (X units) constituted the largest supplier of transporter and bridge cranes to Bulgaria, with a 45% share of total imports. Moreover, transporter and bridge cranes imports from Turkey exceeded the figures recorded by the second-largest supplier, Italy (X units), twofold. The third position in this ranking was held by Germany (X units), with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Turkey stood at -4.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+10.6% per year) and Germany (-0.1% per year).

In value terms, Germany ($X) constituted the largest supplier of transporter cranes, gantry cranes and bridge cranes to Bulgaria, comprising 38% of total imports. The second position in the ranking was taken by Italy ($X), with a 16% share of total imports. It was followed by Austria, with a 15% share.

From 2012 to 2021, the average annual growth rate of value from Germany amounted to -2.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+13.4% per year) and Austria (-13.0% per year).

Import Prices by Country

In 2021, the average transporter and bridge cranes import price amounted to $X per unit, shrinking by -22.3% against the previous year. Overall, the import price, however, posted a mild increase. The pace of growth was the most pronounced in 2019 an increase of 139%. The import price peaked at $X per unit in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Germany ($X per unit), while the price for Turkey ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+35.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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