Ukraine: Grinding Machine Market 2024

Grinding Machine Market Size in Ukraine

The Ukrainian grinding machine market declined significantly to $X in 2021, dropping by -18.3% against the previous year. In general, consumption, however, continues to indicate a buoyant increase. As a result, consumption attained the peak level of $X, and then contracted rapidly in the following year.

Grinding Machine Production in Ukraine

In value terms, grinding machine production fell rapidly to $X in 2021 estimated in export price. Overall, production, however, saw a strong increase. The pace of growth was the most pronounced in 2018 with an increase of 422% against the previous year. Over the period under review, production reached the peak level at $X in 2020, and then reduced remarkably in the following year.

Grinding Machine Exports

Exports from Ukraine

In 2021, the amount of machines having individual functions, for mixing, kneading, crushing or grinding exported from Ukraine shrank to X units, waning by -14.9% compared with the previous year. Overall, exports recorded a perceptible shrinkage. The pace of growth appeared the most rapid in 2017 with an increase of 53%. The exports peaked at X units in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, grinding machine exports fell to $X in 2021. In general, exports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when exports increased by 159% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

Russia (X units) was the main destination for grinding machine exports from Ukraine, accounting for a 41% share of total exports. Moreover, grinding machine exports to Russia exceeded the volume sent to the second major destination, Poland (X units), threefold. The third position in this ranking was held by Belarus (X units), with a 12% share.

From 2012 to 2021, the average annual growth rate of volume to Russia totaled -8.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+35.3% per year) and Belarus (-3.1% per year).

In value terms, Russia ($X) remains the key foreign market for machines having individual functions, for mixing, kneading, crushing or grinding exports from Ukraine, comprising 38% of total exports. The second position in the ranking was taken by Belarus ($X), with a 7.1% share of total exports. It was followed by France, with a 3.8% share.

From 2012 to 2021, the average annual growth rate of value to Russia amounted to -4.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belarus (-0.7% per year) and France (+33.3% per year).

Export Prices by Country

In 2021, the average grinding machine export price amounted to $X per unit, increasing by 8.6% against the previous year. In general, the export price recorded a pronounced increase. The growth pace was the most rapid in 2017 an increase of 69%. The export price peaked in 2021 and is likely to see steady growth in years to come.

Prices varied noticeably country of destination: the country with the highest price was Lithuania ($X per unit), while the average price for exports to Poland ($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 Russia (+4.0%), while the prices for the other major destinations experienced mixed trend patterns.

Grinding Machine Imports

Imports into Ukraine

In 2021, approx. X units of machines having individual functions, for mixing, kneading, crushing or grinding were imported into Ukraine; falling by -13.9% on the previous year. Overall, imports, however, enjoyed a strong expansion. The pace of growth appeared the most rapid in 2017 when imports increased by 67% against the previous year. Imports peaked at X units in 2020, and then reduced in the following year.

In value terms, grinding machine imports shrank remarkably to $X in 2021. In general, imports, however, showed a measured expansion. The pace of growth appeared the most rapid in 2018 with an increase of 115%. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports failed to regain momentum.

Imports by Country

China (X units), Turkey (X units) and Germany (X units) were the main suppliers of grinding machine imports to Ukraine, together accounting for 62% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +80.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest grinding machine suppliers to Ukraine were China ($X), Germany ($X) and Turkey ($X), with a combined 52% share of total imports.

Turkey, with a CAGR of +67.7%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average grinding machine import price stood at $X per unit in 2021, declining by -12.7% against the previous year. In general, the import price continues to indicate a perceptible reduction. The most prominent rate of growth was recorded in 2018 when the average import price increased by 37%. As a result, import price attained the peak level of $X per unit. From 2019 to 2021, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Germany ($X per unit), while the price for Turkey ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Slovenia (+18.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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