Ukraine: Market for Non-Automatic Lubricating Pots, Greasing Nipples, Oil Seal Rings And Hand Wheels 2022

Market Size for Non-Automatic Lubricating Pots, Greasing Nipples, Oil Seal Rings And Hand Wheels in Ukraine

The Ukrainian market for non-automatic lubricating pots, greasing nipples, oil seal rings and hand wheels declined significantly to $X in 2021, falling by -68.6% against the previous year. Overall, consumption showed a perceptible decline. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Production of Non-Automatic Lubricating Pots, Greasing Nipples, Oil Seal Rings And Hand Wheels in Ukraine

In value terms, grease fittings and oil seals production totaled $X in 2021 estimated in export price. In general, production recorded a precipitous slump. The growth pace was the most rapid in 2018 when the production volume increased by 41% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2021, production growth failed to regain momentum.

Exports of Non-Automatic Lubricating Pots, Greasing Nipples, Oil Seal Rings And Hand Wheels

Exports from Ukraine

In 2021, approx. X units of non-automatic lubricating pots, greasing nipples, oil seal rings and hand wheels were exported from Ukraine; with a decrease of -63.1% on 2020. Over the period under review, exports showed a dramatic descent. The growth pace was the most rapid in 2016 with an increase of 146%. As a result, the exports attained the peak of X units. From 2017 to 2021, the growth of the exports remained at a lower figure.

In value terms, grease fittings and oil seals exports reduced remarkably to $X in 2021. In general, exports continue to indicate a dramatic downturn. The pace of growth was the most pronounced in 2016 when exports increased by 110% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Turkey (X units), Kazakhstan (X units) and Belarus (X units) were the main destinations of grease fittings and oil seals exports from Ukraine, with a combined 83% share of total exports. Poland, Uzbekistan, Germany, Moldova, Russia and Italy lagged somewhat behind, together comprising a further 17%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Moldova (with a CAGR of +70.2%), while the other leaders experienced more modest paces of growth.

In value terms, Kazakhstan ($X) emerged as the key foreign market for grease fittings and oil seals exports from Ukraine, comprising 39% of total exports. The second position in the ranking was taken by Turkey ($X), with a 19% share of total exports. It was followed by Belarus, with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Kazakhstan amounted to -7.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (+29.6% per year) and Belarus (-14.0% per year).

Export Prices by Country

The average export price for non-automatic lubricating pots, greasing nipples, oil seal rings and hand wheels stood at $X per unit in 2021, dropping by -24% against the previous year. Overall, the export price recorded a pronounced shrinkage. The most prominent rate of growth was recorded in 2019 when the average export price increased by 52%. Over the period under review, the average export prices reached the maximum at $X per unit in 2020, and then shrank markedly in the following year.

Prices varied noticeably country of destination: the country with the highest price was Russia ($X per unit), while the average price for exports to Poland ($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 Saudi Arabia (+52.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Automatic Lubricating Pots, Greasing Nipples, Oil Seal Rings And Hand Wheels

Imports into Ukraine

In 2021, the amount of non-automatic lubricating pots, greasing nipples, oil seal rings and hand wheels imported into Ukraine shrank sharply to X units, which is down by -62.6% on the previous year. In general, imports continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2013 when imports increased by 64% against the previous year. As a result, imports attained the peak of X units. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, grease fittings and oil seals imports fell sharply to $X in 2021. Overall, imports continue to indicate a abrupt shrinkage. The growth pace was the most rapid in 2016 when imports increased by 81% against the previous year. Imports peaked at $X in 2020, and then fell remarkably in the following year.

Imports by Country

In 2021, Poland (X units) constituted the largest grease fittings and oil seals supplier to Ukraine, with a 43% share of total imports. Moreover, grease fittings and oil seals imports from Poland exceeded the figures recorded by the second-largest supplier, China (X units), threefold. The United States (X units) ranked third in terms of total imports with a 13% share.

From 2012 to 2021, the average annual growth rate of volume from Poland stood at +6.9%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+28.1% per year) and the United States (+4.2% per year).

In value terms, Germany ($X), Poland ($X) and the United States ($X) constituted the largest grease fittings and oil seals suppliers to Ukraine, together comprising 53% of total imports. These countries were followed by Italy, China, Luxembourg, Austria and the Netherlands, which together accounted for a further 31%.

China, with a CAGR of +31.7%, recorded the highest rates of growth with regard to 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 import price for non-automatic lubricating pots, greasing nipples, oil seal rings and hand wheels stood at $X per unit in 2021, reducing by -30.7% against the previous year. In general, the import price saw a perceptible setback. The growth pace was the most rapid in 2016 an increase of 53%. 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 Luxembourg ($X per unit), while the price for Poland ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+8.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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