Ukraine: Market for Lifts, Elevators, Moving Stairways and Draglines 2024

Market Size for Lifts, Elevators, Moving Stairways and Draglines in Ukraine

After two years of growth, the Ukrainian market for lifts, elevators, moving stairways and draglines decreased by -28.2% to $X in 2022. Over the period under review, consumption saw a slight shrinkage. Over the period under review, the market reached the maximum level at $X in 2021, and then reduced dramatically in the following year.

Production of Lifts, Elevators, Moving Stairways and Draglines in Ukraine

In value terms, lift, elevator, stairway and dragline production stood at $X in 2022 estimated in export price. In general, the total production indicated a modest increase from 2012 to 2022: its value increased at an average annual rate of +1.4% 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 -0.4% against 2020 indices. The pace of growth was the most pronounced in 2018 when the production volume increased by 39%. Lift, elevator, stairway and dragline production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of Lifts, Elevators, Moving Stairways and Draglines

Exports from Ukraine

In 2022, shipments abroad of lifts, elevators, moving stairways and draglines decreased by -48.9% to X units for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports recorded a pronounced setback. The most prominent rate of growth was recorded in 2013 when exports increased by 166% against the previous year. 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, elevator, stairway and dragline exports shrank significantly to $X in 2022. Overall, exports recorded a pronounced decline. The most prominent rate of growth was recorded in 2019 when exports increased by 242%. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Kazakhstan (X units) was the main destination for lift, elevator, stairway and dragline exports from Ukraine, accounting for a 64% share of total exports. Moreover, lift, elevator, stairway and dragline exports to Kazakhstan exceeded the volume sent to the second major destination, Moldova (X units), sevenfold. The third position in this ranking was held by Germany (X units), with a 9.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Kazakhstan stood at +23.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Moldova (+3.7% per year) and Germany (+30.7% per year).

In value terms, Kazakhstan ($X) emerged as the key foreign market for lifts, elevators, moving stairways and draglines exports from Ukraine, comprising 75% of total exports. The second position in the ranking was taken by Germany ($X), with a 7.3% share of total exports. It was followed by Moldova, with a 6.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Kazakhstan amounted to +29.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+33.0% per year) and Moldova (+1.4% per year).

Export Prices by Country

The average export price for lifts, elevators, moving stairways and draglines stood at $X per unit in 2022, growing by 55% against the previous year. In general, the export price, however, showed a mild shrinkage. Over the period under review, the average export prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: 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 Slovakia (+17.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Lifts, Elevators, Moving Stairways and Draglines

Imports into Ukraine

In 2022, supplies from abroad of lifts, elevators, moving stairways and draglines decreased by -46.9% to X units for the first time since 2019, thus ending a two-year rising trend. In general, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of 60% against the previous year. Over the period under review, imports attained the maximum at X units in 2021, and then shrank notably in the following year.

In value terms, lift, elevator, stairway and dragline imports shrank remarkably to $X in 2022. Overall, imports saw a perceptible shrinkage. The pace of growth was the most pronounced in 2017 with an increase of 48%. Over the period under review, imports attained the maximum at $X in 2021, and then shrank dramatically in the following year.

Imports by Country

Turkey (X units), China (X units) and Slovakia (X units) were the main suppliers of lift, elevator, stairway and dragline imports to Ukraine, together comprising 75% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +34.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest lift, elevator, stairway and dragline suppliers to Ukraine were China ($X), Turkey ($X) and Slovakia ($X), together accounting for 71% of total imports.

In terms of the main suppliers, Turkey, with a CAGR of +30.5%, 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 import price for lifts, elevators, moving stairways and draglines stood at $X per unit in 2022, declining by -3.6% against the previous year. In general, the import price recorded a perceptible curtailment. The pace of growth appeared the most rapid in 2013 an increase of 14% against the previous year. As a result, import price attained the peak level of $X per unit. From 2014 to 2022, the average import prices failed to regain momentum.

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 Germany ($X per unit), while the price for Belarus ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+6.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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