Ukraine: Heat Exchange Unit Market 2024

Heat Exchange Unit Market Size in Ukraine

In 2022, after two years of growth, there was decline in the Ukrainian heat exchange unit market, when its value decreased by -0.4% to $X. In general, consumption, however, recorded a pronounced reduction. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Heat Exchange Unit Production in Ukraine

In value terms, heat exchange unit production dropped modestly to $X in 2022 estimated in export price. In general, production, however, continues to indicate a deep setback. The pace of growth appeared the most rapid in 2017 when the production volume increased by 59%. Heat exchange unit production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Heat Exchange Unit Exports

Exports from Ukraine

In 2022, the amount of heat exchange units exported from Ukraine declined notably to X units, falling by -47.6% against 2021. Over the period under review, exports recorded a precipitous descent. The most prominent rate of growth was recorded in 2017 when exports increased by 62%. Over the period under review, the exports reached the maximum at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, heat exchange unit exports dropped markedly to $X in 2022. Overall, exports recorded a abrupt decrease. The most prominent rate of growth was recorded in 2017 when exports increased by 46%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Poland (X units), Turkey (X units) and Germany (X units) were the main destinations of heat exchange unit exports from Ukraine, together comprising 38% of total exports. Belarus, Lithuania, Italy, Iraq, Russia, the Czech Republic, Uzbekistan, Estonia, the UK and Kazakhstan lagged somewhat behind, together comprising a further 51%.

From 2012 to 2022, the biggest increases were recorded for the Czech Republic (with a CAGR of +141.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for heat exchange unit exported from Ukraine were Poland ($X), Germany ($X) and Lithuania ($X), with a combined 36% share of total exports. Italy, Turkey, Russia, Belarus, Iraq, Kazakhstan, the Czech Republic, Uzbekistan, the UK and Estonia lagged somewhat behind, together accounting for a further 43%.

In terms of the main countries of destination, the Czech Republic, with a CAGR of +133.6%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average heat exchange unit export price amounted to $X per unit, picking up by 18% against the previous year. Over the last decade, it increased at an average annual rate of +3.2%. The pace of growth was the most pronounced in 2018 an increase of 19%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Kazakhstan ($X per unit), while the average price for exports to Belarus ($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 Lithuania (+6.6%), while the prices for the other major destinations experienced more modest paces of growth.

Heat Exchange Unit Imports

Imports into Ukraine

In 2022, the amount of heat exchange units imported into Ukraine reduced dramatically to X units, shrinking by -58.8% against 2021 figures. In general, imports saw a abrupt curtailment. The most prominent rate of growth was recorded in 2016 with an increase of 184%. Imports peaked at X units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, heat exchange unit imports dropped markedly to $X in 2022. Overall, imports recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2016 when imports increased by 145%. Imports peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

Turkey (X units), Italy (X units) and Germany (X units) were the main suppliers of heat exchange unit imports to Ukraine, together accounting for 54% of total imports. China, Poland, Croatia, Sweden, France, Latvia, Slovakia, the Czech Republic, Hungary and Russia lagged somewhat behind, together accounting for a further 42%.

From 2012 to 2022, the biggest increases were recorded for Latvia (with a CAGR of +89.3%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, Italy ($X) constituted the largest supplier of heat exchange units to Ukraine, comprising 28% of total imports. The second position in the ranking was held by Germany ($X), with an 11% share of total imports. It was followed by China, with a 10% share.

From 2012 to 2022, the average annual growth rate of value from Italy stood at -7.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-18.0% per year) and China (-4.1% per year).

Import Prices by Country

In 2022, the average heat exchange unit import price amounted to $X per unit, rising by 6.8% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.2%. The most prominent rate of growth was recorded in 2013 an increase of 20% against the previous year. The import price peaked in 2022 and is expected to retain growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+7.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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