Ukraine: Ball Bearing Market 2024

Ball Bearing Market Size in Ukraine

In 2021, the Ukrainian ball bearing market increased by 11% to $X for the first time since 2018, thus ending a two-year declining trend. Overall, consumption, however, saw a abrupt descent. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Ball Bearing Production in Ukraine

In value terms, ball bearing production rose sharply to $X in 2021 estimated in export price. Over the period under review, production saw a deep downturn. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Ball Bearing Exports

Exports from Ukraine

In 2021, the amount of ball bearings exported from Ukraine reached X tons, leveling off at the previous year's figure. Overall, exports, however, recorded a drastic downturn. The most prominent rate of growth was recorded in 2019 with an increase of 4.4%. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, ball bearing exports soared to $X in 2021. Over the period under review, exports, however, recorded a deep downturn. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Belarus (X tons) was the main destination for ball bearing exports from Ukraine, with a 75% share of total exports. Moreover, ball bearing exports to Belarus exceeded the volume sent to the second major destination, Egypt (X tons), more than tenfold. The third position in this ranking was held by Lithuania (X tons), with a 3.4% share.

From 2012 to 2021, the average annual growth rate of volume to Belarus totaled -10.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Egypt (-12.1% per year) and Lithuania (+69.6% per year).

In value terms, Belarus ($X) remains the key foreign market for ball bearings exports from Ukraine, comprising 68% of total exports. The second position in the ranking was held by Egypt ($X), with a 4% share of total exports. It was followed by Moldova, with a 3.7% share.

From 2012 to 2021, the average annual growth rate of value to Belarus amounted to -7.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Egypt (-10.7% per year) and Moldova (-1.5% per year).

Export Prices by Country

In 2021, the average ball bearing export price amounted to $X per ton, surging by 19% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.3%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Poland ($X per ton), while the average price for exports to Lithuania ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Belarus (+2.9%), while the prices for the other major destinations experienced more modest paces of growth.

Ball Bearing Imports

Imports into Ukraine

In 2021, purchases abroad of ball bearings increased by 26% to X tons for the first time since 2018, thus ending a two-year declining trend. The total import volume increased at an average annual rate of +1.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2016 with an increase of 37%. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, ball bearing imports surged to $X in 2021. Over the period under review, imports recorded a relatively flat trend pattern. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of ball bearing to Ukraine, with a 65% share of total imports. Moreover, ball bearing imports from China exceeded the figures recorded by the second-largest supplier, Slovakia (X tons), eightfold. The third position in this ranking was taken by Japan (X tons), with a 3.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +2.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Slovakia (+21.4% per year) and Japan (+7.8% per year).

In value terms, China ($X) constituted the largest supplier of ball bearings to Ukraine, comprising 38% of total imports. The second position in the ranking was held by Slovakia ($X), with an 8.4% share of total imports. It was followed by Japan, with a 7.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +5.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Slovakia (+15.9% per year) and Japan (+5.6% per year).

Import Prices by Country

In 2021, the average ball bearing import price amounted to $X per ton, surging by 3.5% against the previous year. Over the period under review, the import price, however, recorded a mild decrease. The pace of growth appeared the most rapid in 2020 an increase of 11% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Germany ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+8.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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