Ukraine: Industrial Bakery Machinery Market 2024

Industrial Bakery Machinery Market Size in Ukraine

In 2022, the Ukrainian industrial bakery machinery market decreased by -30.4% to $X, falling for the second year in a row after five years of growth. Overall, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Industrial Bakery Machinery Production in Ukraine

In value terms, industrial bakery machinery production reduced to $X in 2022 estimated in export price. Over the period under review, production faced a deep contraction. The pace of growth appeared the most rapid in 2016 when the production volume increased by 63% against the previous year. Industrial bakery machinery production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Industrial Bakery Machinery Exports

Exports from Ukraine

In 2022, the amount of industrial bakery machinery exported from Ukraine contracted markedly to X units, waning by -72.6% on the previous year's figure. Over the period under review, exports recorded a deep downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 67%. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, industrial bakery machinery exports declined significantly to $X in 2022. Overall, exports recorded a deep reduction. The most prominent rate of growth was recorded in 2018 when exports increased by 69% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Uzbekistan (X units) was the main destination for industrial bakery machinery exports from Ukraine, with a 37% share of total exports. Moreover, industrial bakery machinery exports to Uzbekistan exceeded the volume sent to the second major destination, the Czech Republic (X units), threefold. Lithuania (X units) ranked third in terms of total exports with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Uzbekistan totaled -10.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (+18.4% per year) and Lithuania (+22.0% per year).

In value terms, Uzbekistan ($X) remains the key foreign market for industrial bakery machinery exports from Ukraine, comprising 39% of total exports. The second position in the ranking was taken by Kazakhstan ($X), with a 17% share of total exports. It was followed by Greece, with a 14% share.

From 2012 to 2022, the average annual growth rate of value to Uzbekistan amounted to -7.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kazakhstan (+4.0% per year) and Greece (+19.9% per year).

Export Prices by Country

In 2022, the average industrial bakery machinery export price amounted to $X per unit, jumping by 101% against the previous year. In general, export price indicated resilient growth from 2012 to 2022: its price increased at an average annual rate of +5.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Greece ($X per unit), while the average price for exports to Lithuania ($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 Belarus (+6.3%), while the prices for the other major destinations experienced more modest paces of growth.

Industrial Bakery Machinery Imports

Imports into Ukraine

In 2022, supplies from abroad of industrial bakery machinery decreased by -44.7% to X units, falling for the second year in a row after three years of growth. Over the period under review, imports showed a mild decline. The pace of growth appeared the most rapid in 2016 when imports increased by 99% against the previous year. Imports peaked at X units in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, industrial bakery machinery imports fell notably to $X in 2022. Overall, imports recorded a pronounced downturn. The most prominent rate of growth was recorded in 2016 with an increase of 113% against the previous year. Over the period under review, imports hit record highs at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest supplier of industrial bakery machinery to Ukraine, accounting for a 34% share of total imports. Moreover, industrial bakery machinery imports from China exceeded the figures recorded by the second-largest supplier, Italy (X units), threefold. The third position in this ranking was taken by Poland (X units), with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +12.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-7.5% per year) and Poland (+7.7% per year).

In value terms, the Netherlands ($X), China ($X) and Italy ($X) were the largest industrial bakery machinery suppliers to Ukraine, together accounting for 52% of total imports.

Among the main suppliers, China, with a CAGR of +16.6%, 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 average industrial bakery machinery import price amounted to $X per unit, picking up by 8.1% against the previous year. In general, the import price, however, showed a pronounced descent. The growth pace was the most rapid in 2017 an increase of 27% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+5.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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