Ukraine: Lift And Hoist Market 2024

Lift And Hoist Market Size in Ukraine

After two years of growth, the Ukrainian lift and hoist market decreased by -29.6% to $X in 2022. Overall, consumption recorded a relatively flat trend pattern. Lift and hoist consumption peaked at $X in 2021, and then fell notably in the following year.

Lift And Hoist Production in Ukraine

In value terms, lift and hoist production totaled $X in 2022 estimated in export price. In general, the total production indicated mild growth from 2012 to 2022: its value increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -0.6% against 2020 indices. The pace of growth appeared the most rapid in 2018 when the production volume increased by 40% against the previous year. Lift and hoist production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Lift And Hoist Exports

Exports from Ukraine

In 2022, after three years of growth, there was significant decline in shipments abroad of lifts and hoists, when their volume decreased by -57.6% to X units. Overall, exports saw a pronounced shrinkage. The pace of growth appeared the most rapid in 2013 with an increase of 212%. As a result, the exports reached the peak of X units. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, lift and hoist exports dropped markedly to $X in 2022. In general, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of 213% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Kazakhstan (X units) was the main destination for lift and hoist exports from Ukraine, with a 76% share of total exports. Moreover, lift and hoist exports to Kazakhstan exceeded the volume sent to the second major destination, Germany (X units), sevenfold. China (X units) ranked third in terms of total exports with a 4.4% share.

From 2012 to 2022, the average annual growth rate of volume to Kazakhstan stood at +40.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+48.1% per year) and China (0.0% per year).

In value terms, Kazakhstan ($X) emerged as the key foreign market for lifts and hoists exports from Ukraine, comprising 83% of total exports. The second position in the ranking was held by Germany ($X), with an 8.4% share of total exports. It was followed by China, with a 3.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Kazakhstan amounted to +44.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+39.4% per year) and China (0.0% per year).

Export Prices by Country

The average lift and hoist export price stood at $X per unit in 2022, picking up by 72% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.2%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Kazakhstan ($X per unit), while the average price for exports to Russia ($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 Kazakhstan (+3.1%), while the prices for the other major destinations experienced a decline.

Lift And Hoist Imports

Imports into Ukraine

In 2022, purchases abroad of lifts and hoists decreased by -47.4% to X units for the first time since 2019, thus ending a two-year rising trend. Over the period under review, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when imports increased by 80%. Imports peaked at X units in 2021, and then reduced dramatically in the following year.

In value terms, lift and hoist imports shrank markedly to $X in 2022. Overall, imports showed a perceptible decrease. The growth pace was the most rapid in 2017 with an increase of 47% against the previous year. Over the period under review, imports attained the peak figure at $X in 2021, and then reduced sharply in the following year.

Imports by Country

Turkey (X units), China (X units) and Slovakia (X units) were the main suppliers of lift and hoist imports to Ukraine, together accounting for 76% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Slovakia (with a CAGR of +42.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), China ($X) and Slovakia ($X) constituted the largest lift and hoist suppliers to Ukraine, with a combined 76% share of total imports.

In terms of the main suppliers, Slovakia, with a CAGR of +38.0%, saw the highest growth rate of 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

The average lift and hoist import price stood at $X per unit in 2022, falling by -3.2% against the previous year. Overall, the import price recorded a perceptible decline. The growth pace was the most rapid in 2014 an increase of 9.1% against the previous year. As a result, import price reached the peak level of $X per unit. From 2015 to 2022, the average import prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Germany ($X per unit) and Italy ($X per unit), while the price for Belarus ($X per unit) and Greece ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (-2.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :