Ukraine: Fats Preparation Machinery Market 2024

Fats Preparation Machinery Market Size in Ukraine

The Ukrainian fats preparation machinery market surged to $X in 2022, growing by 25% against the previous year. Over the period under review, consumption continues to indicate perceptible growth. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market remained at a somewhat lower figure.

Fats Preparation Machinery Production in Ukraine

In value terms, fats preparation machinery production totaled $X in 2022 estimated in export price. In general, production showed a pronounced increase. The pace of growth appeared the most rapid in 2018 with an increase of 57% against the previous year. Fats preparation machinery production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Fats Preparation Machinery Exports

Exports from Ukraine

In 2022, shipments abroad of machinery for the extraction or preparation of animal or fixed vegetable fats or oils decreased by -68.1% to X units for the first time since 2017, thus ending a four-year rising trend. In general, exports continue to indicate a mild setback. The most prominent rate of growth was recorded in 2020 with an increase of 141%. Over the period under review, the exports hit record highs at X units in 2021, and then declined significantly in the following year.

In value terms, fats preparation machinery exports dropped significantly to $X in 2022. Over the period under review, exports continue to indicate a slight descent. The pace of growth was the most pronounced in 2020 with an increase of 197%. Over the period under review, the exports attained the maximum at $X in 2021, and then shrank dramatically in the following year.

Exports by Country

Russia (X units) was the main destination for fats preparation machinery exports from Ukraine, accounting for a 60% share of total exports. Moreover, fats preparation machinery exports to Russia exceeded the volume sent to the second major destination, Bulgaria (X units), fivefold. The third position in this ranking was taken by Romania (X units), with an 8.3% share.

From 2012 to 2022, the average annual growth rate of volume to Russia stood at -3.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bulgaria (+34.6% per year) and Romania (+29.2% per year).

In value terms, Russia ($X) remains the key foreign market for machinery for the extraction or preparation of animal or fixed vegetable fats or oils exports from Ukraine, comprising 63% of total exports. The second position in the ranking was taken by Romania ($X), with a 10% share of total exports. It was followed by Belarus, with a 5.7% share.

From 2012 to 2022, the average annual growth rate of value to Russia amounted to -4.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (+48.0% per year) and Belarus (+6.7% per year).

Export Prices by Country

The average fats preparation machinery export price stood at $X per unit in 2022, dropping by -3.8% against the previous year. In general, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the average export price increased by 54%. The export price peaked at $X per unit in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to Bulgaria ($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 Egypt (+28.0%), while the prices for the other major destinations experienced more modest paces of growth.

Fats Preparation Machinery Imports

Imports into Ukraine

Fats preparation machinery imports into Ukraine declined markedly to X units in 2022, shrinking by -73.9% against the previous year. Over the period under review, imports showed a perceptible descent. The pace of growth was the most pronounced in 2019 when imports increased by 4,282%. As a result, imports attained the peak of X units. From 2020 to 2022, the growth of imports remained at a lower figure.

In value terms, fats preparation machinery imports shrank sharply to $X in 2022. In general, imports continue to indicate a significant decrease. The growth pace was the most rapid in 2019 with an increase of 1,599%. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports remained at a lower figure.

Imports by Country

China (X units), the United States (X units) and the Czech Republic (X units) were the main suppliers of fats preparation machinery imports to Ukraine, together accounting for 94% of total imports.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of +37.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of machinery for the extraction or preparation of animal or fixed vegetable fats or oils to Ukraine, comprising 69% of total imports. The second position in the ranking was taken by the United States ($X), with a 14% share of total imports. It was followed by the Czech Republic, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to -5.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+16.8% per year) and the Czech Republic (-12.0% per year).

Import Prices by Country

The average fats preparation machinery import price stood at $X per unit in 2022, with a decrease of -42.9% against the previous year. In general, the import price continues to indicate a precipitous decrease. The pace of growth appeared the most rapid in 2021 an increase of 38%. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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 China ($X per unit), while the price for Denmark ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (-13.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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