Ukraine: Shaft Coupling Market 2024

Shaft Coupling Market Size in Ukraine

In 2022, the Ukrainian shaft coupling market increased by 1.3% to $X, rising for the second year in a row after two years of decline. In general, consumption, however, saw a drastic downturn. Shaft coupling consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Shaft Coupling Production in Ukraine

In value terms, shaft coupling production reduced slightly to $X in 2022 estimated in export price. Overall, production faced a precipitous descent. The most prominent rate of growth was recorded in 2015 with an increase of 5.6% against the previous year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Shaft Coupling Exports

Exports from Ukraine

In 2022, approx. X tons of clutches and shaft couplings were exported from Ukraine; dropping by -74.4% compared with 2021 figures. Over the period under review, exports saw a drastic downturn. The growth pace was the most rapid in 2013 with an increase of 37% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2022, the growth of the exports failed to regain momentum.

In value terms, shaft coupling exports shrank remarkably to $X in 2022. In general, exports continue to indicate a abrupt shrinkage. The pace of growth was the most pronounced in 2013 when exports increased by 33%. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Russia (X tons) was the main destination for shaft coupling exports from Ukraine, with a 40% share of total exports. Moreover, shaft coupling exports to Russia exceeded the volume sent to the second major destination, Belarus (X tons), twofold. Kazakhstan (X tons) ranked third in terms of total exports with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Russia amounted to -18.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belarus (-10.5% per year) and Kazakhstan (-10.7% per year).

In value terms, Russia ($X), Uzbekistan ($X) and Belarus ($X) constituted the largest markets for shaft coupling exported from Ukraine worldwide, together comprising 63% of total exports. Kazakhstan, Georgia, India, Germany, Lithuania, Armenia, Poland, Moldova and Slovakia lagged somewhat behind, together accounting for a further 28%.

Armenia, with a CAGR of +45.7%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average shaft coupling export price stood at $X per ton in 2022, picking up by 28% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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 Uzbekistan ($X per ton), while the average price for exports to Slovakia ($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 Armenia (+2.7%), while the prices for the other major destinations experienced more modest paces of growth.

Shaft Coupling Imports

Imports into Ukraine

In 2022, the amount of clutches and shaft couplings imported into Ukraine contracted notably to X tons, which is down by -42.3% against the previous year's figure. In general, imports showed a mild curtailment. The pace of growth was the most pronounced in 2019 with an increase of 28% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2021, and then dropped markedly in the following year.

In value terms, shaft coupling imports contracted remarkably to $X in 2022. Overall, imports showed a perceptible setback. The pace of growth appeared the most rapid in 2016 with an increase of 66% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest shaft coupling supplier to Ukraine, with a 57% share of total imports. Moreover, shaft coupling imports from China exceeded the figures recorded by the second-largest supplier, Germany (X tons), fivefold. The third position in this ranking was held by Italy (X tons), with a 9.5% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +1.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-6.3% per year) and Italy (+5.3% per year).

In value terms, Germany ($X), China ($X) and the United States ($X) constituted the largest shaft coupling suppliers to Ukraine, with a combined 63% share of total imports. Italy, Poland, Turkey and Russia lagged somewhat behind, together comprising a further 22%.

Among the main suppliers, Turkey, with a CAGR of +24.5%, 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

In 2022, the average shaft coupling import price amounted to $X per ton, remaining relatively unchanged against the previous year. In general, the import price continues to indicate a pronounced shrinkage. The most prominent rate of growth was recorded in 2016 when the average import price increased by 61% against the previous year. The import price peaked at $X per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+6.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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