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 $X in 2020 in value terms. Overall, exports continued to grow significantly. The most significant growth rate occurred in 2016, with a year-on-year increase of X%. As a result, exports peaked at X dollars. From 2017 to 2020, the export growth rate remained at a low level.
Nga (X units) was the main destination for Bulgarian crane exports, accounting for X% of total exports. In addition, more than twice as many cranes were exported to Russia as to the second largest destination, Ả Rập Saudi (X units). The third place in the ranking is Romania (X units) with an X% share.
From 2007 to 2020, the average annual growth rate of shipments to Russia reached +X%. Exports to other major destinations recorded the following average annual export growth rates: Saudi Arabia (X% per annum) and Romania (+X% per annum).
In value terms, Russia ($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 Canadanhững Hà lan, Serbia, Iran, Đức, 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, Nước Ý 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 Áo 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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