Earlier Report Observations
Between 2018 and 2024, Bulgaria's trade in hydraulic vehicle jacks and hoists showed evolving patterns. Imports saw a notable increase from 2 023 thousand USD in 2018 to 2 463 thousand USD in 2024, despite a dip in 2020. Exports grew steadily from 913 thousand USD in 2018 to a peak of 1 689 thousand USD in 2022, before a sharp decline in 2024. The available production data, starting from 2021, reached its highest point in 2022 at 1 241 thousand USD before decreasing in the following two years.
The overall market size for these products, calculated from 2021, contracted slightly in 2022 but then expanded by 7.6% in 2023 and significantly by 18.3% in 2024 to reach 2 359 thousand USD. This strong market growth in 2024 occurred alongside key regulatory developments. The introduction of an updated Ordinance on the safe operation and technical supervision of lifting equipment established new requirements for the installation and use of jacks and hoists. Concurrently, proposed amendments to the national Road Traffic Act aimed to enhance technical inspections for vehicles, which likely stimulated demand for certified lifting devices and contributed to the increased market volume.
Table of content
- 1. Disclaimer
- 2. Terms of use of the report
- 3. Product codes in the statistical classifications used in the report
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4. Key Market Indicators and Trends
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4.1. Key Market Indicators
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4.1.1. In value
- 4.1.1.1. Production, 2021-2024
- 4.1.1.2. Imports, 2018-2024
- 4.1.1.3. Exports, 2018-2024
- 4.1.1.4. Market size, 2021-2024
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4.1.1. In value
- 4.2. Market Trends and Factors
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4.1. Key Market Indicators
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5. Production
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5.1. Production in Bulgaria
- 5.1.1. In value, 2021-2024, K $ US
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5.2. Production in the EU, 2018-2024
- 5.2.1. In value, 2018-2024, K $ US
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5.1. Production in Bulgaria
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6. Imports
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6.1. Imports (Direct Data)
- 6.1.1. Imports - Total information
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6.1.2. Imports in kind, unit
- 6.1.2.1. Annual dynamics of product's imports to Bulgaria in kind, 2018-2024, unit
- 6.1.2.2. Dynamics of product's imports in kind to Bulgaria by countries, 2018-2024, unit
- 6.1.2.3. Structure of product's imports in kind by countries, 2018-2024
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6.1.3. Imports in value, K $ US
- 6.1.3.1. Annual dynamics of product's imports to Bulgaria in value, 2018-2024, K $ US
- 6.1.3.2. Dynamics of product's imports in value to Bulgaria by countries, 2018-2024, K $ US
- 6.1.3.3. Structure of product's imports in value by countries, 2018-2024
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6.1.4. Average price of product's imports, $ US/unit
- 6.1.4.1. Annual dynamics of average price of product's imports to Bulgaria, 2018-2024, $ US/unit
- 6.1.4.2. Dynamics of average price of product's imports to Bulgaria by countries, 2018-2024, $ US/unit
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6.2. Imports (Mirror Data)
- 6.2.1. Imports - Total information
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6.2.2. Imports in kind, unit
- 6.2.2.1. Annual dynamics of product's imports to Bulgaria in kind, 2018-2024, unit
- 6.2.2.2. Dynamics of product's imports in kind to Bulgaria by countries, 2018-2024, unit
- 6.2.2.3. Structure of product's imports in kind by countries, 2018-2024
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6.2.3. Imports in value, K $ US
- 6.2.3.1. Annual dynamics of product's imports to Bulgaria in value, 2018-2024, K $ US
- 6.2.3.2. Dynamics of product's imports in value to Bulgaria by countries, 2018-2024, K $ US
- 6.2.3.3. Structure of product's imports in value by countries, 2018-2024
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6.2.4. Average price of product's imports, $ US/unit
- 6.2.4.1. Annual dynamics of average price of product's imports to Bulgaria, 2018-2024, $ US/unit
- 6.2.4.2. Dynamics of average price of product's imports to Bulgaria by countries, 2018-2024, $ US/unit
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6.1. Imports (Direct Data)
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7. Exports
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7.1. Exports (Direct Data)
- 7.1.1. Exports - Total information
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7.1.2. Exports in kind, unit
- 7.1.2.1. Annual dynamics of product's exports from Bulgaria in kind, 2018-2024, unit
- 7.1.2.2. Dynamics of product's exports in kind from Bulgaria by countries, 2018-2024, unit
- 7.1.2.3. Structure of product's exports in kind by countries, 2018-2024
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7.1.3. Exports in value, K $ US
- 7.1.3.1. Annual dynamics of product's exports from Bulgaria in value, 2018-2024, K $ US
- 7.1.3.2. Dynamics of product's exports in value from Bulgaria by countries, 2018-2024, K $ US
- 7.1.3.3. Structure of product's exports in value by countries, 2018-2024
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7.1.4. Average price of product's exports, $ US/unit
- 7.1.4.1. Annual dynamics of average price of product's exports from Bulgaria, 2018-2024, $ US/unit
- 7.1.4.2. Dynamics of average price of product's exports from Bulgaria by countries, 2018-2024, $ US/unit
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7.2. Exports (Mirror Data)
- 7.2.1. Exports - Total information
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7.2.2. Exports in kind, unit
- 7.2.2.1. Annual dynamics of product's exports from Bulgaria in kind, 2018-2024, unit
- 7.2.2.2. Dynamics of product's exports in kind from Bulgaria by countries, 2018-2024, unit
- 7.2.2.3. Structure of product's exports in kind by countries, 2018-2024
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7.2.3. Exports in value, K $ US
- 7.2.3.1. Annual dynamics of product's exports from Bulgaria in value, 2018-2024, K $ US
- 7.2.3.2. Dynamics of product's exports in value from Bulgaria by countries, 2018-2024, K $ US
- 7.2.3.3. Structure of product's exports in value by countries, 2018-2024
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7.2.4. Average price of product's exports, $ US/unit
- 7.2.4.1. Annual dynamics of average price of product's exports from Bulgaria, 2018-2024, $ US/unit
- 7.2.4.2. Dynamics of average price of product's exports from Bulgaria by countries, 2018-2024, $ US/unit
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7.1. Exports (Direct Data)
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8. Trade balance
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8.1. Trade balance (Direct Data)
- 8.1.1. In kind, unit
- 8.1.2. In value, K $ US
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8.2. Trade balance (Mirror Data)
- 8.2.1. In kind, unit
- 8.2.2. In value, K $ US
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8.1. Trade balance (Direct Data)
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9. Top buying and selling countries, 2018-2024
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9.1. Direct Data
- 9.1.1. Import in Value by Countries-buyers
- 9.1.2. Export in Value by Countries-suppliers
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9.2. Mirror Data
- 9.2.1. Import in Value by Countries-buyers
- 9.2.2. Export in Value by Countries-suppliers
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9.1. Direct Data
Production hydraulic vehicle jacks and hoists in Bulgaria
According to Faostat, there is no production of hydraulic vehicle jacks and hoists in Bulgaria.
Exports hydraulic vehicle jacks and hoists from Bulgaria
Exports in kind, unit
In 2019, Bulgaria's exports of hydraulic vehicle jacks and hoists reached their peak at 27 035 units, marking a significant 16.7% increase from the previous year. However, in 2020, exports declined to 26 322 units, which was 2.6% lower than in 2019. The lowest export volume during the 2017-2020 period was recorded in 2018 at 23 158 units. Overall, from 2017 to 2020, exports grew by 12.9%, translating to an average annual growth rate of 4.1%.
Annual dynamics of product's exports from Bulgaria in kind, 2017-2020, unit
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | (0.6%) | 16.7% | (2.6%) | 4.1% |
From 2017 to 2020, Italy was the primary destination for Bulgaria's exports of hydraulic vehicle jacks and hoists in kind, accounting for 83.7% of the total volume. The remaining 16.3% was distributed among several smaller markets.
Structure of product's exports in kind by countries, 2017-2020
World map of product's exports from Bulgaria in kind, 2017-2020
Exports in value, K $ US
Bulgaria's exports of hydraulic vehicle jacks and hoists in value terms increased for the third consecutive year in 2020, reaching 1 218 thousand US dollars, up 7.0% from the previous year. Over the period from 2017 to 2020, exports grew by 41.5%, with an average annual growth rate of 12.3%.
Annual dynamics of product's exports from Bulgaria in value, 2017-2020, K $ US
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | 6.1% | 24.7% | 7.0% | 12.3% |
Between 2017 and 2020, Italy, Greece, and Czechia were the top buyers of hydraulic vehicle jacks and hoists from Bulgaria in value terms. Italy led with 66.7% of exports, followed by Greece at 10.9% and Czechia at 8.0%. Together, these three countries accounted for 85.6% of Bulgaria's total export value in this category.
Structure of product's exports in value by countries, 2017-2020
World map of product's exports from Bulgaria in value, 2017-2020
Imports hydraulic vehicle jacks and hoists to Bulgaria
Imports in kind, unit
Bulgaria's imports of hydraulic vehicle jacks and hoists in kind increased for the third consecutive year in 2020, totaling 64 992 units, a slight gain of 1.9% compared to 2019. From 2017 to 2020, imports rose by 38.7%, with a compound annual growth rate of 11.5%.
Annual dynamics of product's imports to Bulgaria in kind, 2017-2020, unit
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | 29.0% | 5.5% | 1.9% | 11.5% |
During the 2017-2020 period, China dominated Bulgaria's imports of hydraulic vehicle jacks and hoists in kind, representing 79.3% of the total volume. The remaining 20.7% was shared among various smaller suppliers.
Structure of product's imports in kind by countries, 2017-2020
World map of product's imports to Bulgaria in kind, 2017-2020
Imports in value, K $ US
In 2020, Bulgaria's imports of hydraulic vehicle jacks and hoists in value terms amounted to 1 862 thousand US dollars, down 8.0% from the previous year. The highest import value was recorded in 2018 at 2 023 thousand US dollars, which saw a substantial 36.6% increase from 2017. Overall, from 2017 to 2020, imports grew by 25.7%, with an average annual growth rate of 7.9%.
Annual dynamics of product's imports to Bulgaria in value, 2017-2020, K $ US
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | 36.6% | (0.0%) | (8.0%) | 7.9% |
From 2017 to 2020, China, Italy, and Germany were the leading suppliers of hydraulic vehicle jacks and hoists to Bulgaria in value terms. China accounted for 44.2% of imports, Italy for 11.9%, and Germany for 8.4%. Combined, these three countries made up 64.5% of Bulgaria's total import value in this sector.
Structure of product's imports in value by countries, 2017-2020
World map of product's imports to Bulgaria in value, 2017-2020
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