Ukraine: Bumper Market 2024

Bumper Market Size in Ukraine

In 2022, the Ukrainian bumper market decreased by -48.3% to $X for the first time since 2015, thus ending a six-year rising trend. Over the period under review, consumption continues to indicate a mild contraction. Bumper consumption peaked at $X in 2021, and then contracted rapidly in the following year.

Bumper Production in Ukraine

In value terms, bumper production reduced slightly to $X in 2022 estimated in export price. Over the period under review, production showed a drastic downturn. The most prominent rate of growth was recorded in 2018 when the production volume increased by 22%. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Bumper Exports

Exports from Ukraine

Bumper exports from Ukraine contracted notably to X tons in 2022, which is down by -38.5% against the previous year. In general, exports showed a abrupt slump. The growth pace was the most rapid in 2018 with an increase of 136%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, bumper exports reduced to $X in 2022. Over the period under review, exports saw a abrupt setback. The most prominent rate of growth was recorded in 2018 with an increase of 86% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Moldova (X tons), Poland (X tons) and Denmark (X tons) were the main destinations of bumper exports from Ukraine, together comprising 51% of total exports. The United States, the Czech Republic, Switzerland, Egypt, Bulgaria, Burkina Faso, Chile, Germany, Bolivia and Afghanistan lagged somewhat behind, together accounting for a further 40%.

From 2012 to 2022, the biggest increases were recorded for Switzerland (with a CAGR of +2,646.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Moldova ($X) remains the key foreign market for bumpers exports from Ukraine, comprising 55% of total exports. The second position in the ranking was taken by the United States ($X), with a 9.6% share of total exports. It was followed by Poland, with an 8.4% share.

From 2012 to 2022, the average annual growth rate of value to Moldova stood at +22.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+32.9% per year) and Poland (+5.6% per year).

Export Prices by Country

In 2022, the average bumper export price amounted to $X per ton, growing by 48% against the previous year. Over the period under review, the export price saw resilient growth. The most prominent rate of growth was recorded in 2019 when the average export price increased by 155%. The export price peaked in 2022 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Afghanistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Chile (+214.0%), while the prices for the other major destinations experienced more modest paces of growth.

Bumper Imports

Imports into Ukraine

In 2022, purchases abroad of bumpers decreased by -53.9% to X tons for the first time since 2015, thus ending a six-year rising trend. Over the period under review, imports showed a perceptible curtailment. The pace of growth appeared the most rapid in 2020 when imports increased by 51% against the previous year. Imports peaked at X tons in 2021, and then shrank significantly in the following year.

In value terms, bumper imports contracted rapidly to $X in 2022. Overall, imports recorded a slight descent. The growth pace was the most rapid in 2020 when imports increased by 57%. Over the period under review, imports attained the peak figure at $X in 2021, and then dropped sharply in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of bumper to Ukraine, accounting for a 39% share of total imports. Moreover, bumper imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), threefold. Japan (X tons) ranked third in terms of total imports with a 7.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +10.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-3.1% per year) and Japan (+12.4% per year).

In value terms, China ($X), Taiwan (Chinese) ($X) and Japan ($X) constituted the largest bumper suppliers to Ukraine, together accounting for 50% of total imports. Germany, the United States, Turkey, the Czech Republic, South Korea, Romania, Poland, Italy, Russia and the UK lagged somewhat behind, together accounting for a further 37%.

In terms of the main suppliers, Romania, with a CAGR of +66.0%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average bumper import price stood at $X per ton in 2022, picking up by 9.8% against the previous year. Over the last decade, it increased at an average annual rate of +2.3%. The growth pace was the most rapid in 2021 an increase of 11%. The import price peaked in 2022 and is likely to see gradual growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (+8.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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