Ukraine: Market for Machines For Balancing Mechanical Parts 2024

Market Size for Machines For Balancing Mechanical Parts in Ukraine

The Ukrainian balancing mechanical parts machine market soared to $X in 2021, jumping by 64% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption enjoyed mild growth. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Exports of Machines For Balancing Mechanical Parts

Exports from Ukraine

In 2021, shipments abroad of machines for balancing mechanical parts decreased by -51.1% to X units, falling for the second year in a row after three years of growth. Over the period under review, exports, however, saw a buoyant expansion. The most prominent rate of growth was recorded in 2017 when exports increased by 337%. The exports peaked at X units in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, balancing mechanical parts machine exports soared to $X in 2021. In general, exports, however, recorded prominent growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Russia (X units) was the main destination for balancing mechanical parts machine exports from Ukraine, with a 82% share of total exports. Moreover, balancing mechanical parts machine exports to Russia exceeded the volume sent to the second major destination, Romania (X units), more than tenfold. The United States (X units) ranked third in terms of total exports with a 3.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Russia amounted to +28.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (+22.8% per year) and the United States (+61.2% per year).

In value terms, China ($X) emerged as the key foreign market for machines for balancing mechanical parts exports from Ukraine, comprising 54% of total exports. The second position in the ranking was taken by Russia ($X), with a 17% share of total exports. It was followed by the United States, with a 6.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value to China was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (+34.3% per year) and the United States (+42.9% per year).

Export Prices by Country

In 2021, the average balancing mechanical parts machine export price amounted to $X per unit, increasing by 753% against the previous year. Over the period under review, the export price posted prominent growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was China ($X per unit), while the average price for exports to Russia ($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 Moldova (+10.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machines For Balancing Mechanical Parts

Imports into Ukraine

In 2021, imports of machines for balancing mechanical parts into Ukraine skyrocketed to X units, jumping by 33% on 2020 figures. Overall, imports recorded moderate growth. The growth pace was the most rapid in 2020 when imports increased by 40%. Imports peaked in 2021 and are likely to see gradual growth in the immediate term.

In value terms, balancing mechanical parts machine imports soared to $X in 2021. Over the period under review, imports continue to indicate a slight increase. The pace of growth was the most pronounced in 2016 with an increase of 103%. Imports peaked at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest balancing mechanical parts machine supplier to Ukraine, accounting for a 74% share of total imports. Moreover, balancing mechanical parts machine imports from China exceeded the figures recorded by the second-largest supplier, Italy (X units), sixfold. Germany (X units) ranked third in terms of total imports with a 6.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +2.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-4.7% per year) and Germany (+24.0% per year).

In value terms, the largest balancing mechanical parts machine suppliers to Ukraine were China ($X), Italy ($X) and Germany ($X), together comprising 88% of total imports. These countries were followed by Poland, Russia and India, which together accounted for a further 9.4%.

In terms of the main suppliers, India, with a CAGR of +47.4%, 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 balancing mechanical parts machine import price stood at $X per unit in 2021, growing by 18% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 an increase of 48%. Over the period under review, average import prices attained the peak figure at $X per unit in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Italy ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+5.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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