Ukraine: Cylindrical Roller Bearing Market 2024

Cylindrical Roller Bearing Market Size in Ukraine

In 2022, the Ukrainian cylindrical roller bearing market decreased by -1.5% to $X, falling for the second consecutive year after two years of growth. Over the period under review, consumption, however, continues to indicate a pronounced slump. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Cylindrical Roller Bearing Production in Ukraine

In value terms, cylindrical roller bearing production surged to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a abrupt setback. The pace of growth appeared the most rapid in 2014 with an increase of 150% against the previous year. Ukraine production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Cylindrical Roller Bearing Exports

Exports from Ukraine

In 2022, approx. X tons of cylindrical roller bearings were exported from Ukraine; dropping by -76.3% against the previous year. Overall, exports recorded a dramatic decline. The growth pace was the most rapid in 2017 when exports increased by 489%. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, cylindrical roller bearing exports contracted remarkably to $X in 2022. Over the period under review, exports faced a sharp contraction. The growth pace was the most rapid in 2017 with an increase of 165% against the previous year. The Ukraine exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

The biggest shipments were from Germany (X tons), China (X tons) and Japan (X tons), together amounting to 53% of total export. Romania (X tons) held the next position in the ranking, followed by Slovakia (X tons). All these countries together took approx. 13% share of total exports. Taiwan (Chinese) (X tons), Kazakhstan (X tons), Canada (X tons), Russia (X tons), Hong Kong SAR (X tons), Poland (X tons), France (X tons) and Italy (X tons) took a little share of total exports.

From 2012 to 2022, the biggest increases were recorded for Taiwan (Chinese) (with a CAGR of +43.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the largest cylindrical roller bearing supplier from Ukraine, comprising 27% of global exports. The second position in the ranking was held by Japan ($X), with an 11% share of global exports. It was followed by China, with an 8.9% share.

In Germany, cylindrical roller bearing exports remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: Japan (-0.3% per year) and China (+6.6% per year).

Export Prices by Country

The export price in Ukraine stood at $X per ton in 2022, with an increase of 17% against the previous year. In general, the export price recorded a strong increase. The most prominent rate of growth was recorded in 2016 an increase of 113%. The Ukraine export price peaked in 2022 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was France ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+3.3%), while the other leaders experienced more modest paces of growth.

Cylindrical Roller Bearing Imports

Imports into Ukraine

Cylindrical roller bearing imports into Ukraine dropped sharply to X tons in 2022, with a decrease of -41.9% compared with the previous year's figure. In general, imports saw a abrupt decrease. The growth pace was the most rapid in 2017 with an increase of 80% against the previous year. Ukraine imports peaked at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, cylindrical roller bearing imports reduced markedly to $X in 2022. Over the period under review, imports faced a abrupt decline. The pace of growth appeared the most rapid in 2018 with an increase of 29% against the previous year. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

China (X tons), Russia (X tons) and Germany (X tons) represented roughly 42% of total imports in 2022. It was distantly followed by the United States (X tons), comprising a 5.7% share of total imports. Spain (X tons), Mexico (X tons), Italy (X tons), Brazil (X tons), Thailand (X tons), South Korea (X tons), Indonesia (X tons), Turkey (X tons) and the Czech Republic (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Thailand (with a CAGR of +20.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest cylindrical roller bearing importing markets into Ukraine were China ($X), Germany ($X) and the United States ($X), together accounting for 43% of total imports. Mexico, Italy, Brazil, Russia, South Korea, Spain, Indonesia, Turkey, the Czech Republic and Thailand lagged somewhat behind, together comprising a further 23%.

Among the main importing countries, Spain, with a CAGR of +13.7%, recorded the highest rates of growth with regard to 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 import price in Ukraine amounted to $X per ton, dropping by -19.4% against the previous year. In general, the import price showed a pronounced reduction. The pace of growth appeared the most rapid in 2020 an increase of 31% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+2.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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