Ukraine: Lifting Equipment Market 2024

Lifting Equipment Market Size in Ukraine

In 2021, the Ukrainian lifting equipment market decreased by -28.7% to $X, falling for the second year in a row after four years of growth. Overall, consumption continues to indicate a noticeable setback. As a result, consumption reached the peak level of $X. From 2020 to 2021, the growth of the market remained at a somewhat lower figure.

Lifting Equipment Production in Ukraine

In value terms, lifting equipment production declined to $X in 2021 estimated in export price. In general, production saw a strong increase. The pace of growth appeared the most rapid in 2018 when the production volume increased by 232% against the previous year. Over the period under review, production reached the peak level at $X in 2020, and then contracted in the following year.

Lifting Equipment Exports

Exports from Ukraine

In 2021, the amount of lifting equipment exported from Ukraine reduced rapidly to X units, dropping by -66.7% on the year before. Over the period under review, exports faced a deep slump. The growth pace was the most rapid in 2020 when exports increased by 400% against the previous year. The exports peaked at X units in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, lifting equipment exports shrank markedly to $X in 2021. Overall, exports recorded a sharp descent. The pace of growth was the most pronounced in 2020 when exports increased by 160% against the previous year. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

Belarus (X units), Turkey (X units) and the UK (X units) were the main destinations of lifting equipment exports from Ukraine, with a combined 60% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Belarus (with a CAGR of 0.0%), while the other leaders experienced more modest paces of growth.

In value terms, Russia ($X) emerged as the key foreign market for lifting equipment exports from Ukraine, comprising 60% of total exports. The second position in the ranking was held by Kazakhstan ($X), with a 13% share of total exports. It was followed by the UK, with a 9.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Russia amounted to -19.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kazakhstan (-23.2% per year) and the UK (0.0% per year).

Export Prices by Country

In 2021, the average lifting equipment export price amounted to $X per unit, with a decrease of -25.3% against the previous year. Overall, the export price saw a deep downturn. The pace of growth was the most pronounced in 2016 an increase of 45% against the previous year. The export price peaked at $X per unit in 2017; however, from 2018 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($X per unit), while the average price for exports to Belarus ($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 (+11.2%), while the prices for the other major destinations experienced a decline.

Lifting Equipment Imports

Imports into Ukraine

In 2021, imports of lifting equipment into Ukraine dropped remarkably to X units, which is down by -79.8% against the previous year. Overall, imports continue to indicate a noticeable descent. The pace of growth was the most pronounced in 2017 with an increase of 857%. Imports peaked at X units in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, lifting equipment imports fell notably to $X in 2021. Over the period under review, imports saw a abrupt curtailment. The most prominent rate of growth was recorded in 2017 with an increase of 2,640%. Imports peaked at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

Belarus (X units), Slovenia (X units) and Poland (X units) were the main suppliers of lifting equipment imports to Ukraine, with a combined 71% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Slovenia (with a CAGR of +14.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Slovenia ($X), Poland ($X) and Belarus ($X) were the largest lifting equipment suppliers to Ukraine, together accounting for 34% of total imports. The Czech Republic, China, Estonia, the United States, Romania, Finland and Hungary lagged somewhat behind, together comprising a further 11%.

The Czech Republic, with a CAGR of +28.8%, 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 2021, the average lifting equipment import price amounted to $X per unit, waning by -21% against the previous year. Over the period under review, the import price saw a noticeable contraction. The most prominent rate of growth was recorded in 2017 an increase of 190% against the previous year. As a result, import price reached the peak level of $X per unit. From 2018 to 2021, the average 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 Czech Republic ($X per unit), while the price for Belarus ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Czech Republic (+5.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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