Ukraine: Stone Polishing Machine Market 2025

Stone Polishing Machine Market Size in Ukraine

The Ukrainian stone polishing machine market reduced markedly to $X in 2022, waning by -23.5% against the previous year. In general, consumption, however, posted pronounced growth. As a result, consumption attained the peak level of $X, and then contracted notably in the following year.

Stone Polishing Machine Production in Ukraine

In value terms, stone polishing machine production dropped modestly to $X in 2022 estimated in export price. In general, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 19% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

Stone Polishing Machine Exports

Exports from Ukraine

In 2022, after two years of growth, there was significant decline in shipments abroad of grinding or polishing machines for working stone, ceramics and concrete, when their volume decreased by -76.9% to X units. Over the period under review, exports showed a precipitous decline. The most prominent rate of growth was recorded in 2015 when exports increased by 294% against the previous year. As a result, the exports reached the peak of X units. From 2016 to 2022, the growth of the exports failed to regain momentum.

In value terms, stone polishing machine exports shrank notably to $X in 2022. In general, exports showed a abrupt contraction. The growth pace was the most rapid in 2018 with an increase of 489%. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Armenia (X units), Russia (X units) and Georgia (X units) were the main destinations of stone polishing machine exports from Ukraine, with a combined 44% share of total exports. The Netherlands, Moldova, Lithuania, Uzbekistan and Slovakia lagged somewhat behind, together comprising a further 56%. Moreover, stone polishing machine exports in Armenia exceeded the figures recorded by the second-largest exporter, Russia, twofold.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Netherlands (with a CAGR of 0.0%), while the other leaders experienced more modest paces of growth.

In value terms, Armenia ($X) emerged as the key foreign market for grinding or polishing machines for working stone, ceramics and concrete exports from Ukraine, comprising 37% of total exports. The second position in the ranking was taken by Russia ($X), with a 16% share of total exports. It was followed by Lithuania, with a 15% share.

From 2012 to 2022, the average annual growth rate of value to Armenia totaled +17.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (-28.6% per year) and Lithuania (+4.1% per year).

Export Prices by Country

In 2022, the average stone polishing machine export price amounted to $X per unit, dropping by -17.4% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of 79% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2019 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Armenia ($X per unit), while the average price for exports to Uzbekistan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Armenia (+17.5%), while the prices for the other major destinations experienced more modest paces of growth.

Stone Polishing Machine Imports

Imports into Ukraine

In 2022, after two years of growth, there was significant decline in overseas purchases of grinding or polishing machines for working stone, ceramics and concrete, when their volume decreased by -35.5% to X units. Over the period under review, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 774%. As a result, imports reached the peak of X units, and then fell notably in the following year.

In value terms, stone polishing machine imports dropped remarkably to $X in 2022. Overall, imports saw a mild downturn. The pace of growth appeared the most rapid in 2018 when imports increased by 170%. Imports peaked at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

Germany (X units), Italy (X units) and China (X units) were the main suppliers of stone polishing machine imports to Ukraine, together accounting for 88% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of +18.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest stone polishing machine suppliers to Ukraine were Germany ($X), Italy ($X) and China ($X), with a combined 88% share of total imports. Poland, France and Turkey lagged somewhat behind, together accounting for a further 11%.

Turkey, with a CAGR of +7.7%, saw the highest rates of growth with regard to the value of imports, among the main suppliers 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 stone polishing machine import price amounted to $X per unit, declining by -5% against the previous year. Overall, the import price continues to indicate a noticeable decline. The pace of growth appeared the most rapid in 2016 an increase of 139% against the previous year. Over the period under review, average import prices attained the maximum at $X per unit in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

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 ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+3.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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