Ukraine: Market for Mechanical Shovels, Excavators And Shovel Loaders 2024

Market Size for Mechanical Shovels, Excavators And Shovel Loaders in Ukraine

The Ukrainian mechanical shovel and excavator market soared to $X in 2021, picking up by 51% against the previous year. Over the period under review, consumption saw resilient growth. Over the period under review, the market attained the maximum level in 2021 and is likely to continue growth in years to come.

Production of Mechanical Shovels, Excavators And Shovel Loaders in Ukraine

In value terms, mechanical shovel and excavator production rose notably to $X in 2021 estimated in export price. Overall, production, however, saw a precipitous shrinkage. The most prominent rate of growth was recorded in 2016 when the production volume increased by 180%. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Exports of Mechanical Shovels, Excavators And Shovel Loaders

Exports from Ukraine

In 2021, shipments abroad of mechanical shovels, excavators and shovel loaders increased by 110% to X units, rising for the second year in a row after two years of decline. Over the period under review, exports, however, recorded a drastic downturn. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, mechanical shovel and excavator exports surged to $X in 2021. Overall, exports, however, saw a abrupt contraction. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Kazakhstan (X units), Moldova (X units) and Bulgaria (X units) were the main destinations of mechanical shovel and excavator exports from Ukraine, together accounting for 62% of total exports.

From 2012 to 2021, the biggest increases were recorded for Moldova (with a CAGR of +42.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Georgia ($X), Kazakhstan ($X) and Moldova ($X) were the largest markets for mechanical shovel and excavator exported from Ukraine worldwide, with a combined 63% share of total exports.

Moldova, with a CAGR of +43.2%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average mechanical shovel and excavator export price stood at $X per unit in 2021, falling by -1.7% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the average export price increased by 17%. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Georgia ($X per unit), while the average price for exports to the Netherlands ($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 Azerbaijan (+19.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Mechanical Shovels, Excavators And Shovel Loaders

Imports into Ukraine

After two years of decline, overseas purchases of mechanical shovels, excavators and shovel loaders increased by 27% to X units in 2021. Overall, imports enjoyed prominent growth. The most prominent rate of growth was recorded in 2016 when imports increased by 159%. Imports peaked in 2021 and are expected to retain growth in years to come.

In value terms, mechanical shovel and excavator imports surged to $X in 2021. In general, imports showed a remarkable increase. The pace of growth appeared the most rapid in 2016 when imports increased by 92% against the previous year. Over the period under review, imports reached the maximum in 2021 and are likely to see gradual growth in the immediate term.

Imports by Country

The UK (X units), China (X units) and South Korea (X units) were the main suppliers of mechanical shovel and excavator imports to Ukraine, together accounting for 53% of total imports. Japan, Germany, the United States, Turkey and Poland lagged somewhat behind, together accounting for a further 28%.

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 +45.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest mechanical shovel and excavator suppliers to Ukraine were the UK ($X), China ($X) and South Korea ($X), together accounting for 66% of total imports. Turkey, Germany, Japan, the United States and Poland lagged somewhat behind, together accounting for a further 20%.

Among the main suppliers, Turkey, with a CAGR of +49.0%, recorded the highest rates of growth with regard to 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 mechanical shovel and excavator import price stood at $X per unit in 2021, increasing by 27% against the previous year. Overall, the import price, however, saw a noticeable reduction. The most prominent rate of growth was recorded in 2017 when the average import price increased by 30%. Over the period under review, average import prices reached the maximum at $X per unit in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was South Korea ($X per unit), while the price for Poland ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+2.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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