Ukraine: Market for Lathes For Removing Metal 2024

Market Size for Lathes For Removing Metal in Ukraine

The Ukrainian lathe for removing metal market skyrocketed to $X in 2021, with an increase of 48% against the previous year. Over the period under review, consumption, however, continues to indicate a perceptible descent. Lathe for removing metal consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Production of Lathes For Removing Metal in Ukraine

In value terms, lathe for removing metal production expanded to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a abrupt setback. Over the period under review, lafor removing metal production reached the maximum level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Exports of Lathes For Removing Metal

Exports from Ukraine

After two years of growth, shipments abroad of lathes for removing metal decreased by -50% to X units in 2021. Over the period under review, exports saw a abrupt descent. The most prominent rate of growth was recorded in 2017 when exports increased by 175%. Over the period under review, the lafor removing metal exports reached the peak figure at X units in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, lathe for removing metal exports fell dramatically to $X in 2021. In general, exports recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2017 when exports increased by 89%. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

Exports by Country

Kazakhstan (X units) was the main destination for lathe for removing metal exports from Ukraine, with a 47% share of total exports. Moreover, lathe for removing metal exports to Kazakhstan exceeded the volume sent to the second major destination, Russia (X units), fivefold. Iran (X units) ranked third in terms of total exports with a 9.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Kazakhstan totaled +36.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (-21.1% per year) and Iran (+14.0% per year).

In value terms, Kazakhstan ($X) emerged as the key foreign market for lathes for removing metal exports from Ukraine, comprising 43% of total exports. The second position in the ranking was taken by Russia ($X), with a 15% share of total exports. It was followed by India, with an 11% share.

From 2012 to 2021, the average annual growth rate of value to Kazakhstan totaled +46.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (-26.6% per year) and India (-0.6% per year).

Export Prices by Country

The average lathe for removing metal export price stood at $X per unit in 2021, waning by -40.1% against the previous year. Over the period under review, the export price showed a deep slump. The pace of growth was the most pronounced in 2018 when the average export price increased by 54% against the previous year. The export price peaked at $X per unit in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Chile ($X per unit), while the average price for exports to Israel ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+11.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Lathes For Removing Metal

Imports into Ukraine

In 2021, the amount of lathes for removing metal imported into Ukraine soared to X units, picking up by 32% against the previous year's figure. In general, imports, however, continue to indicate a noticeable downturn. The pace of growth appeared the most rapid in 2019 when imports increased by 98% against the previous year. As a result, imports attained the peak of X units. From 2020 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, lathe for removing metal imports surged to $X in 2021. Over the period under review, imports, however, showed a drastic downturn. The most prominent rate of growth was recorded in 2019 with an increase of 76%. Over the period under review, lafor removing metal imports attained the maximum at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X units) constituted the largest supplier of lathe for removing metal to Ukraine, with a 63% share of total imports. Moreover, lathe for removing metal imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X units), ninefold. The third position in this ranking was taken by South Korea (X units), with a 6.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled -1.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-4.2% per year) and South Korea (+1.3% per year).

In value terms, the largest lathe for removing metal suppliers to Ukraine were China ($X), Taiwan (Chinese) ($X) and South Korea ($X), with a combined 47% share of total imports. These countries were followed by the United States, Japan, Germany, Bulgaria, Russia, Slovakia and Spain, which together accounted for a further 29%.

The United States, with a CAGR of +8.5%, 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

In 2021, the average lathe for removing metal import price amounted to $X per unit, waning by -7% against the previous year. In general, the import price continues to indicate a pronounced slump. The growth pace was the most rapid in 2013 an increase of 27% against the previous year. Over the period under review, average import prices attained the peak figure at $X per unit in 2016; however, from 2017 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, 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 2021, the most notable rate of growth in terms of prices was attained by China (+9.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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