Ukraine: Market for Hydraulic Cylinders And Systems 2024

Market Size for Hydraulic Cylinders And Systems in Ukraine

The Ukrainian hydraulic cylinder and system market skyrocketed to $X in 2022, with an increase of 168% against the previous year. Over the period under review, consumption continues to indicate buoyant growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Hydraulic Cylinders And Systems in Ukraine

In value terms, hydraulic cylinder and system production fell modestly to $X in 2022 estimated in export price. In general, production, however, continues to indicate a slight contraction. The most prominent rate of growth was recorded in 2017 when the production volume increased by 42%. Hydraulic cylinder and system production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Hydraulic Cylinders And Systems

Exports from Ukraine

In 2022, shipments abroad of hydraulic cylinders and systems decreased by -82.2% to X units for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports saw a deep downturn. The pace of growth was the most pronounced in 2021 with an increase of 18%. As a result, the exports attained the peak of X units, and then contracted notably in the following year.

In value terms, hydraulic cylinder and system exports plummeted to $X in 2022. Overall, exports faced a deep downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 38%. As a result, the exports attained the peak of $X, and then reduced dramatically in the following year.

Exports by Country

Russia (X units) was the main destination for hydraulic cylinder and system exports from Ukraine, with a 43% share of total exports. Moreover, hydraulic cylinder and system exports to Russia exceeded the volume sent to the second major destination, Poland (X units), threefold. The United States (X units) ranked third in terms of total exports with a 13% share.

From 2012 to 2022, the average annual growth rate of volume to Russia totaled -16.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+8.6% per year) and the United States (+58.2% per year).

In value terms, Russia ($X) remains the key foreign market for hydraulic cylinders and systems exports from Ukraine, comprising 40% of total exports. The second position in the ranking was held by Equatorial Guinea ($X), with a 14% share of total exports. It was followed by Poland, with a 12% share.

From 2012 to 2022, the average annual growth rate of value to Russia amounted to -15.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Equatorial Guinea (+77.2% per year) and Poland (+12.7% per year).

Export Prices by Country

The average hydraulic cylinder and system export price stood at $X per thousand units in 2022, surging by 48% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Equatorial Guinea ($X per thousand units), while the average price for exports to Kazakhstan ($X per thousand units) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Equatorial Guinea (+9.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Hydraulic Cylinders And Systems

Imports into Ukraine

In 2022, the amount of hydraulic cylinders and systems imported into Ukraine declined significantly to X units, falling by -58.3% on the previous year's figure. In general, imports showed a abrupt contraction. The pace of growth appeared the most rapid in 2019 with an increase of 51%. Imports peaked at X units in 2021, and then dropped sharply in the following year.

In value terms, hydraulic cylinder and system imports dropped sharply to $X in 2022. Over the period under review, imports faced a abrupt descent. The most prominent rate of growth was recorded in 2019 with an increase of 81%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Poland (X units), Turkey (X units) and China (X units) were the main suppliers of hydraulic cylinder and system imports to Ukraine, with a combined 68% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +24.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Germany ($X) and China ($X) were the largest hydraulic cylinder and system suppliers to Ukraine, together accounting for 45% of total imports.

Poland, with a CAGR of +20.0%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average hydraulic cylinder and system import price stood at $X per unit in 2022, remaining stable against the previous year. Over the period under review, the import price continues to indicate a pronounced curtailment. The most prominent rate of growth was recorded in 2019 an increase of 19% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat 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 the United States ($X per unit), while the price for Turkey (less than $X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+8.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :