The Bulgarian crane market fell -X% to X dollars in 2020, the second consecutive year of decline after two years of growth. Overall, however, consumption continued to show a deep contraction. The growth rate was most pronounced in 2018, with a year-on-year increase of X%. During the period under review, the market peaked at $X in 2007; however, from 2008 to 2020, consumption has remained low.
In value terms, crane production in 2020 dropped significantly to $X (estimated at export prices). Overall, however, production continued to show a clear downward trend. The growth rate was most pronounced in 2011, when production increased by X% year-on-year. During the period under review, production peaked at $X in 2007; however, from 2008 to 2020, production failed to regain momentum.
Bulgarian overseas shipments of cranes, mobile crane frames increased for the third year in a row, increasing by X% to X units in 2020. Overall, export volume growth has increased buoyancy. The most significant growth rate occurred in 2011, when exports increased by X% year-on-year. As a result, exports peaked at X units. From 2012 to 2020, the export growth rate remained at a low level.
Crane exports expanded slightly to $X in 2020 in value terms. Overall, exports continued to grow significantly. The most significant growth rate occurred in 2016, with a year-on-year increase of X%. As a result, exports peaked at X dollars. From 2017 to 2020, the export growth rate remained at a low level.
Rusia (X units) was the main destination for Bulgarian crane exports, accounting for X% of total exports. In addition, more than twice as many cranes were exported to Russia as to the second largest destination, Arabia Saudita (X units). The third place in the ranking is Romania (X unidades) con un X% de participación.
From 2007 to 2020, the average annual growth rate of shipments to Russia reached +X%. Exports to other major destinations recorded the following average annual export growth rates: Saudi Arabia (X% per annum) and Romania (+X% per annum).
In value terms, Russia ($X), Romania ($X) and Saudi Arabia ($X) are the largest crane markets for Bulgarian exports from the world, together accounting for X% of total exports. This was followed by Canadáel Países bajos, Serbia, Iran, Alemania, Greece, North Macedonia, Moldova and Georgia, which recorded a new record export value growth rate of X The Netherlands (+X% per annum) during the period under review. Among the major destination countries, shipments from other leaders experienced more modest growth rates.
Bulgarian crane imports surged to X units in 2020, up X% year-on-year. Overall, however, imports showed serious setbacks. The growth rate was most pronounced in 2014, when imports increased by X% year-on-year. Imports peaked at X units in 2007; however, from 2008 to 2020, import figures were slightly lower.
In 2020, crane imports decreased to X dollars by value. Overall, however, imports fell sharply. The growth rate was most pronounced in 2014, when imports increased by X% over the previous year. As a result, imports peaked at X dollars. From 2015 to 2020, import growth remained low.
In 2020, Saudi Arabia (X units) was the largest crane supplier to Bulgaria, accounting for X% of total imports. In addition, cranes imported from Saudi Arabia were four times higher than the number recorded by the second largest supplier, Germany (X units). In this ranking, Italia occupies the third position (X units) with an X% share.
From 2007 to 2020, Saudi Arabia's average annual growth rate was relatively modest. The average annual growth rates of imports for the remaining suppliers are as follows: Germany (-X% per annum) and Italy (-X% per annum).
Saudi Arabia ($X) is the largest crane supplier to Bulgaria by value, accounting for X% of total imports. In second place is Germany ($X) with X% of total imports. It is followed by Austria with an X% share.
From 2007 to 2020, Saudi Arabia's average annual value growth rate was relatively modest. The average annual growth rates of imports for the remaining supplier countries are as follows: Germany (-X% per annum) and Austria (+X% per annum).
Saudi Arabia is Bulgaria's largest crane supplier by value, accounting for 44% of total imports. In second place is Germany, with 14% of total imports. It is followed by Austria with a share of 8.8%.
In value terms, Russia, Romania and Saudi Arabia are the largest crane markets for Bulgarian exports globally, together accounting for 52% of total exports. Canada, the Netherlands, Serbia, Iran, Germany, Greece, North Macedonia, Moldova and Georgia are slightly behind, with a combined 37%.
The average export price of cranes in 2020 was US$2,691/unit, a year-on-year decrease of -8.7%.
The average price of crane imports in 2020 was US$3,055 per unit, down -28.4% from the previous year.
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