Ukraine: Market for Machine Tools For Working Metal 2024

Market Size for Machine Tools For Working Metal in Ukraine

In 2021, the Ukrainian machine-tool for working metal market increased by 6.7% to $X, rising for the fourth consecutive year after five years of decline. Overall, consumption, however, continues to indicate a slight downturn. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Production of Machine Tools For Working Metal in Ukraine

In value terms, machine-tool for working metal production amounted to $X in 2021 estimated in export price. Overall, production continues to indicate a mild decline. The most prominent rate of growth was recorded in 2019 when the production volume increased by 108% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Exports of Machine Tools For Working Metal

Exports from Ukraine

In 2021, the amount of machine tools for working metal exported from Ukraine soared to X units, picking up by 18% against the year before. Overall, exports, however, showed a deep setback. The pace of growth was the most pronounced in 2018 with an increase of 85% 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, machine-tool for working metal exports surged to $X in 2021. Over the period under review, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when exports increased by 93% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Russia (X units), South Korea (X units) and Poland (X units) were the main destinations of machine-tool for working metal exports from Ukraine, with a combined 29% share of total exports.

From 2012 to 2021, the biggest increases were recorded for South Korea (with a CAGR of +40.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X), Turkey ($X) and India ($X) constituted the largest markets for machine-tool for working metal exported from Ukraine worldwide, with a combined 34% share of total exports. Russia, Georgia, Poland, Germany, Romania, Iran, Egypt, Italy, Moldova and Hungary lagged somewhat behind, together accounting for a further 33%.

In terms of the main countries of destination, Hungary, with a CAGR of +70.0%, recorded the highest rates of growth with regard to 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 2021, the average machine-tool for working metal export price amounted to $X per unit, growing by 23% against the previous year. Over the period under review, the export price showed a strong expansion. The pace of growth was the most pronounced in 2013 an increase of 39% against the previous year. The export price peaked in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was Turkey ($X per unit), while the average price for exports to Italy ($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 (+25.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machine Tools For Working Metal

Imports into Ukraine

Machine-tool for working metal imports into Ukraine skyrocketed to X units in 2021, growing by 27% compared with the previous year's figure. Over the period under review, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of 33%. Imports peaked at X units in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, machine-tool for working metal imports rose slightly to $X in 2021. In general, imports, however, showed a pronounced reduction. The most prominent rate of growth was recorded in 2016 when imports increased by 26% against the previous year. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X units) constituted the largest machine-tool for working metal supplier to Ukraine, accounting for a 62% share of total imports. Moreover, machine-tool for working metal imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X units), fourfold. Poland (X units) ranked third in terms of total imports with a 7.9% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +9.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+6.5% per year) and Poland (+6.1% per year).

In value terms, China ($X), Germany ($X) and Turkey ($X) were the largest machine-tool for working metal suppliers to Ukraine, together comprising 51% of total imports. These countries were followed by Italy, Poland, the United States and the UK, which together accounted for a further 20%.

Among the main suppliers, Poland, with a CAGR of +12.3%, recorded 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 machine-tool for working metal import price stood at $X per unit in 2021, declining by -19.9% against the previous year. Overall, the import price saw a perceptible slump. The pace of growth was the most pronounced in 2014 an increase of 49% against the previous year. The import price peaked at $X per unit in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: 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 Germany (+10.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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