Ukraine: Sugar-Manufacturing Industrial Machinery Market 2024

Sugar-Manufacturing Industrial Machinery Market Size in Ukraine

For the third year in a row, the Ukrainian sugar-manufacturing industrial machinery market recorded growth in sales value, which increased by 12% to $X in 2022. Over the period under review, consumption continues to indicate tangible growth. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market remained at a somewhat lower figure.

Sugar-Manufacturing Industrial Machinery Production in Ukraine

In value terms, sugar-manufacturing industrial machinery production contracted slightly to $X in 2022 estimated in export price. Overall, production recorded a abrupt curtailment. The growth pace was the most rapid in 2017 when the production volume increased by 138% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2022, production growth failed to regain momentum.

Sugar-Manufacturing Industrial Machinery Exports

Exports from Ukraine

Sugar-manufacturing industrial machinery exports from Ukraine reduced dramatically to X units in 2022, falling by -81.2% on the previous year. In general, exports recorded a sharp shrinkage. The pace of growth was the most pronounced in 2021 when exports increased by 243% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, sugar-manufacturing industrial machinery exports rose remarkably to $X in 2022. Overall, exports faced a dramatic downturn. The most prominent rate of growth was recorded in 2021 with an increase of 2,930%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X units), France (X units) and Australia (X units) were the main destinations of sugar-manufacturing industrial machinery exports from Ukraine, with a combined 83% share of total exports.

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

In value terms, the United States ($X), France ($X) and Australia ($X) constituted the largest markets for sugar-manufacturing industrial machinery exported from Ukraine worldwide, with a combined 88% share of total exports.

In terms of the main countries of destination, the United States, with a CAGR of +150.0%, recorded the highest growth rate of 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 sugar-manufacturing industrial machinery export price amounted to $X per unit, rising by 500% against the previous year. Overall, the export price saw significant growth. The most prominent rate of growth was recorded in 2021 when the average export price increased by 783%. Over the period under review, the average export prices attained the maximum in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Saudi Arabia ($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 the United States (+202.9%), while the prices for the other major destinations experienced a decline.

Sugar-Manufacturing Industrial Machinery Imports

Imports into Ukraine

For the third consecutive year, Ukraine recorded growth in purchases abroad of industrial machinery for the manufacture or preparation of sugar, which increased by 28% to X units in 2022. Over the period under review, imports, however, saw a noticeable setback. The most prominent rate of growth was recorded in 2018 with an increase of 462%. As a result, imports reached the peak of X units. From 2019 to 2022, the growth of imports remained at a lower figure.

In value terms, sugar-manufacturing industrial machinery imports reduced modestly to $X in 2022. In general, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when imports increased by 190%. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Croatia (X units) constituted the largest supplier of sugar-manufacturing industrial machinery to Ukraine, with a 47% share of total imports. Moreover, sugar-manufacturing industrial machinery imports from Croatia exceeded the figures recorded by the second-largest supplier, Norway (X units), threefold. The third position in this ranking was held by Germany (X units), with a 19% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Croatia was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Norway (+17.6% per year) and Germany (+5.2% per year).

In value terms, the largest sugar-manufacturing industrial machinery suppliers to Ukraine were Germany ($X), Norway ($X) and Croatia ($X), together accounting for 83% of total imports. These countries were followed by the Czech Republic, Turkey, Italy and Poland, which together accounted for a further 17%.

Italy, with a CAGR of +70.4%, saw the highest rates of growth with regard to 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

In 2022, the average sugar-manufacturing industrial machinery import price amounted to $X per unit, dropping by -22% against the previous year. Over the period under review, import price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, sugar-manufacturing industrial machinery import price decreased by -44.8% against 2019 indices. The pace of growth appeared the most rapid in 2019 when the average import price increased by 143% against the previous year. As a result, import price reached the peak level of $X per unit. From 2020 to 2022, the average 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 Poland ($X per unit), while the price for Croatia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+13.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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