Ukraine: Passenger Car Market 2024

Passenger Car Market Size in Ukraine

The Ukrainian passenger car market surged to $X in 2021, increasing by 30% 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). In general, consumption enjoyed prominent growth. Over the period under review, the market attained the peak level in 2021 and is likely to continue growth in the immediate term.

Passenger Car Exports

Exports from Ukraine

In 2021, the amount of passenger cars exported from Ukraine soared to X units, rising by 233% compared with the previous year. Overall, exports, however, recorded a sharp shrinkage. Over the period under review, the exports attained the peak figure at X units in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, passenger car exports surged to $X in 2021. In general, exports, however, showed a precipitous contraction. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Belarus (X units) was the main destination for passenger car exports from Ukraine, with a 52% share of total exports. Moreover, passenger car exports to Belarus exceeded the volume sent to the second major destination, Canada (X units), threefold. Germany (X units) ranked third in terms of total exports with a 5.3% share.

From 2012 to 2021, the average annual growth rate of volume to Belarus stood at +27.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+101.1% per year) and Germany (+38.3% per year).

In value terms, Canada ($X) remains the key foreign market for passenger cars exports from Ukraine, comprising 56% of total exports. The second position in the ranking was taken by Belarus ($X), with a 13% share of total exports. It was followed by Germany, with a 3.9% share.

From 2012 to 2021, the average annual growth rate of value to Canada stood at +184.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belarus (+24.3% per year) and Germany (+48.1% per year).

Export Prices by Country

In 2021, the average passenger car export price amounted to $X per unit, with a decrease of -28.1% against the previous year. In general, the export price, however, enjoyed a resilient expansion. The pace of growth was the most pronounced in 2015 an increase of 346% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2016; however, from 2017 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 Canada ($X per unit), while the average price for exports to Belarus ($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 Kyrgyzstan (+430.1%), while the prices for the other major destinations experienced more modest paces of growth.

Passenger Car Imports

Imports into Ukraine

In 2021, approx. X units of passenger cars were imported into Ukraine; jumping by 34% compared with 2020. Overall, imports enjoyed a prominent increase. The growth pace was the most rapid in 2018 when imports increased by 176% against the previous year. Over the period under review, imports attained the maximum in 2021 and are expected to retain growth in years to come.

In value terms, passenger car imports skyrocketed to $X in 2021. Over the period under review, imports continue to indicate noticeable growth. The pace of growth appeared the most rapid in 2016 with an increase of 76%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the immediate term.

Imports by Country

Germany (X units), the United States (X units) and Japan (X units) were the main suppliers of passenger car imports to Ukraine, together comprising 45% of total imports. Poland, France, South Korea, the Czech Republic, Mexico, China, the UK, Romania, Slovakia and Lithuania lagged somewhat behind, together comprising a further 44%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Lithuania (with a CAGR of +71.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Japan ($X) and Germany ($X) constituted the largest passenger car suppliers to Ukraine, together accounting for 52% of total imports. Poland, Slovakia, the UK, South Korea, Mexico, the Czech Republic, Romania, China, France and Lithuania lagged somewhat behind, together comprising a further 33%.

Lithuania, with a CAGR of +53.4%, saw the highest rates of growth with regard to the value of imports, in terms of 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 passenger car import price stood at $X per unit in 2021, waning by -6.3% against the previous year. In general, the import price recorded a deep contraction. The pace of growth was the most pronounced in 2016 when the average import price increased by 25% against the previous year. Over the period under review, average import prices reached the maximum at $X per unit in 2014; however, from 2015 to 2021, import prices remained at a 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 Slovakia ($X per unit), while the price for Lithuania ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (-0.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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