From January to August 2021, the bilateral import and export volume of goods between China and Bulgaria was US$2,586.5 million, an increase of US$782.1152 million compared with the same period in 2020, a year-on-year increase of 43.3%.
From January to August 2021, the total value of China’s exports to Bulgaria was US$1,382,824,900, an increase of US$431,348,900 compared with the same period in 2020, a year-on-year increase of 45.4%; the total value of China’s imports from Bulgaria was US$1,203,671,300, compared with 2020. During the same period, it increased by $350.7663 million, a year-on-year increase of 40.8%.
Under the influence of the COVID-19 epidemic, the trade volume between China and Bulgaria has continued to increase, which cannot be ignored for those who are constantly following international economic trends. As a crane supplier that provides crane services to the world, Dongqiクレーン has completed a crane cooperation project in Bulgaria in the past 2021. We hope to open up the Bulgarian crane market with quality crane services. This article will explore the direction of the Bulgarian crane market in 2022 from the data of the Bulgarian overhead crane market
Before we start discussing the aerial crane market in Bulgarian, we have a few small questions that need to be answered first. Let’s take a look
The Bulgarian Overhead Crane Market is worth X USD in 2020, an increase of X% over the previous year. Overall, consumption has grown significantly. The most significant growth rate occurred in 2017, with an X% year-on-year increase. During the period under review, the market hit an all-time high of $X in 2018; however, from 2019 to 2020, consumption failed to regain momentum.
In value terms, overhead crane production in 2020 contracted significantly to an estimated $X at export prices. During the period under review, production dropped significantly. The most significant growth rate occurred in 2011, when production increased by X% year-on-year. Overhead crane production peaked at $X in 2014; however, from 2015 to 2020, production has remained low.
In 2020, approximately X fixed-support overhead cranes were exported from Bulgaria; -X% decrease compared to the previous year's figure. Overall, however, exports showed strong growth. The most significant growth rate occurred in 2011, with an X% year-on-year increase. During the period under review, exports reached an all-time high of X units in 2015; however, from 2016 to 2020, exports have been at lower levels.
In value terms, 2020 bridge crane exports fell rapidly to $X. But overall, there has been a significant increase in exports. The most significant growth rate occurred in 2008, with an X% year-on-year increase. During the period under review, exports hit an all-time high of $X in 2015; however, from 2016 to 2020, exports failed to regain momentum.
Iran (X units) is the main destination for Bulgarian bridge crane exports, accounting for X% of total exports. In addition, twice as many overhead cranes were exported to Iran as to Russia (X units), the second main destination. In third place in this ranking is Greece (X units) with an X% share. From 2007 to 2019, the average annual growth rate of shipments to Iran was +X%. Exports to other major destinations recorded the following average annual export growth rates: Russia (+X% per annum) and Greece (+X% per annum).
Bulgaria's largest export markets for overhead cranes by value are Russia ($X), Greece ($X) and Iraq ($X), which together account for X% of total exports. In terms of major destination countries, Greece (+X% per annum) experienced the highest growth in export value during the period under review, while the other leaders saw more modest growth in shipments.
In 2020, foreign supply of fixed-support overhead cranes decreased by -X% to X units, falling for the second consecutive year after three years of growth. During the period under review, imports shrank sharply. The most significant growth rate occurred in 2018, with an X% year-over-year increase. Imports peaked at X units in 2007; however, from 2008 to 2020, imports failed to regain momentum.
In value terms, 2020 overhead crane imports fell significantly to $X. Overall, imports fell sharply. The growth rate was most pronounced in 2017, when imports rose by X% year-on-year. During the period under review, imports peaked at $X in 2007; however, from 2008 to 2020, imports have been at lower levels.
In 2019, Italy (X units) was the largest supplier of bridge cranes in Bulgaria, accounting for X% of total imports. In addition, the number of overhead cranes imported from Italy was four times higher than the number recorded by the second largest supplier, Romania (X units). China (X units) ranked third with X% of total imports. From 2007 to 2019, the average annual growth rate of Italian exports totaled +X%. The average annual growth rates of imports from the remaining suppliers are as follows: Romania (-X% per annum) and China (-X% per annum).
The largest suppliers of bridge cranes in Bulgaria by value are China ($X), Romania ($X) and Turkey ($X), which together account for X% of total imports. During the period under review, Romania experienced the highest growth in import value among the major suppliers, while other leaders experienced more modest growth in purchases.
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