Ukraine: Gear Cutting Machine Market 2024

Gear Cutting Machine Market Size in Ukraine

The Ukrainian gear cutting machine market dropped remarkably to $X in 2021, shrinking by -18.5% against the previous year. Over the period under review, consumption, however, continues to indicate prominent growth. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market remained at a lower figure.

Gear Cutting Machine Production in Ukraine

In value terms, gear cutting machine production declined to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the production volume increased by 25% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2021, production growth failed to regain momentum.

Gear Cutting Machine Exports

Exports from Ukraine

Gear cutting machine exports from Ukraine surged to X units in 2021, picking up by 90% against the year before. Overall, exports, however, recorded a abrupt contraction. The most prominent rate of growth was recorded in 2020 when exports increased by 900% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, gear cutting machine exports surged to $X in 2021. Over the period under review, exports, however, showed a deep contraction. The pace of growth was the most pronounced in 2020 when exports increased by 1,955% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

India (X units), Turkey (X units) and Iran (X units) were the main destinations of gear cutting machine exports from Ukraine, together comprising 95% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by India (with a CAGR of +37.0%), while the other leaders experienced mixed trend patterns.

In value terms, India ($X) emerged as the key foreign market for gear cutting, gear grinding or gear finishing machines exports from Ukraine, comprising 53% of total exports. The second position in the ranking was held by Iran ($X), with a 24% share of total exports. It was followed by Turkey, with a 21% share.

From 2012 to 2021, the average annual rate of growth in terms of value to India totaled +23.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iran (-5.0% per year) and Turkey (-17.7% per year).

Export Prices by Country

The average gear cutting machine export price stood at $X per unit in 2021, shrinking by -34.9% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2014 an increase of 528%. As a result, the export price reached the peak level of $X per unit. From 2015 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was India ($X per unit), while the average price for exports to Vietnam ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+32.2%), while the prices for the other major destinations experienced mixed trend patterns.

Gear Cutting Machine Imports

Imports into Ukraine

Gear cutting machine imports into Ukraine soared to X units in 2021, growing by 83% on the previous year. In general, imports, however, faced a abrupt decrease. The most prominent rate of growth was recorded in 2013 when imports increased by 165% against the previous year. As a result, imports reached the peak of X units. From 2014 to 2021, the growth of imports remained at a lower figure.

In value terms, gear cutting machine imports surged to $X in 2021. Overall, imports, however, showed a abrupt curtailment. Over the period under review, imports attained the maximum at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

Germany (X units), Belarus (X units) and China (X units) were the main suppliers of gear cutting machine imports to Ukraine, together comprising 91% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +14.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of gear cutting, gear grinding or gear finishing machines to Ukraine, comprising 69% of total imports. The second position in the ranking was taken by Belarus ($X), with a 19% share of total imports. It was followed by China, with a 12% share.

From 2012 to 2021, the average annual growth rate of value from Germany stood at -11.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Belarus (-6.2% per year) and China (+80.9% per year).

Import Prices by Country

The average gear cutting machine import price stood at $X per unit in 2021, growing by 407% against the previous year. Over the period under review, the import price, however, recorded a noticeable contraction. The most prominent rate of growth was recorded in 2015 when the average import price increased by 2,590%. As a result, import price reached the peak level of $X per unit. From 2016 to 2021, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per unit), while the price for Latvia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+485.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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