Bulgarian Transporter, Gantry and Overhead Cranes Market Size During the period under review, consumption declined sharply. During the period under review, the market peaked at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

In value terms, the production of transport cranes and overhead cranes expands sharply in 2021 to $2021 (estimated at export prices). However, production continued to show strong growth during the period under review. The most significant growth rate occurred in 2013, when production increased by X% over the previous year. Production of haul cranes and overhead cranes peaked at $X in 2015; however, from 2016 to 2021, production remained low.

Bulgarian bridge crane and gantry crane export scale
In 2021, Bulgarian exports of transport and overhead cranes fell sharply to X units, a -X% drop from the previous year. Overall, exports continue to show sharp declines. In 2014, the growth rate was the fastest, with an increase of X% year-on-year. As a result, exports peaked at X units. Export growth failed to regain momentum between 2015 and 2021.

In value terms, exports of transport cranes and overhead cranes fell sharply to $X in 2021. During the review period, exports of 5 ton gantry cranes faced a sharp decline. 2017 saw the fastest growth, with exports up X% year-on-year. During the period under review, exports peaked at $X in 2014; however, from 2015 to 2021, exports were at lower levels.

Iran (X units), Egypt (X units) and Greece (X units) are the main destinations for Bulgarian exports of transport and overhead cranes, together accounting for X% of total exports. From 2012 to 2021, the largest increase was in Greece (+X%), while the other leaders saw more modest growth in shipments.

Greece (USD X), Egypt (USD X) and Iran (USD X) are the largest markets for Bulgarian haulage and overhead crane exports globally by value, accounting for X% of total exports. Among the major destination countries, Egypt registered a CAGR of +X%, with the highest export value growth rate during the period under review, while shipments from other leading countries showed a mixed trend.

Bulgarian bridge crane and gantry crane import scale
In 2021, Bulgaria’s imports of transport and overhead cranes dropped rapidly to X units, down -X% year-on-year. Overall, there was a marked decline in imports. The most significant growth rate occurred in 2014, with an X% year-over-year increase. Imports peaked at X units in 2018; however, from 2019 to 2021, imports decreased slightly.

In 2021, imports of transport cranes and overhead cranes fell significantly to X dollars in value terms. Overall, there has been a marked decline in imports. The fastest growth in 2014 was X% over the previous year. As a result, imports peaked at X dollars. Import growth will remain low between 2015 and 2021.

Austria (X units), Turkey (X units) and Germany (X units) are the main suppliers of transport and overhead cranes imported into Bulgaria, accounting for X% of total imports. This is followed by Hungary, Italy and Switzerland, which further increased their purchases by a factor of X from 2012 to 2021, with the largest increase being Switzerland (+X%), while the other leaders saw a slower growth in purchases mild.

Germany ($X) is Bulgaria’s largest supplier of transport and overhead cranes by value, accounting for X% of total imports. In second place is Italy ($X) with X% of total imports. It is followed by Austria with an X% share. From 2012 to 2021, the average annual value growth in Germany is -X%. The average annual growth rates of imports in the remaining supplier countries are as follows: Italy (+X% per annum) and Austria (-X% per annum).

Statistics of various crane suppliers in Bulgaria
Germany is Bulgaria’s largest supplier of transport and overhead cranes by value, accounting for 38% of total imports. In second place is Italy, with 16% of total imports. It is followed by Austria with a 15% share.

In value terms, Greece, Egypt and Iran appear to be the largest markets for Bulgaria’s global exports of haulage and overhead cranes, together accounting for 97% of total exports.

In 2021, the average export price of transport cranes and overhead cranes will be $530 per unit, down -8.3% from the previous year.

In 2021, the average import price of transport cranes and overhead cranes will be USD 1,477 per unit, a decrease of -30.2% from the previous year.

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Bulgarian Overhead and Gantry Cranes Market Study 2022