Ukraine: Wood Milling Machine Market 2024

Wood Milling Machine Market Size in Ukraine

In 2021, the Ukrainian wood milling machine market decreased by -60.7% to $X, falling for the third year in a row after three years of growth. In general, consumption showed a abrupt setback. Wood milling machine consumption peaked at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Wood Milling Machine Production in Ukraine

In value terms, wood milling machine production expanded significantly to $X in 2021 estimated in export price. In general, production continues to indicate a deep slump. The growth pace was the most rapid in 2016 when the production volume increased by 13%. Wood milling machine production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Wood Milling Machine Exports

Exports from Ukraine

In 2021, overseas shipments of planing, milling or moulding machines decreased by -92.1% to X units, falling for the second year in a row after three years of growth. Over the period under review, exports faced a dramatic decrease. The most prominent rate of growth was recorded in 2018 with an increase of 102% against the previous year. The exports peaked at X units in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, wood milling machine exports declined rapidly to $X in 2021. In general, exports continue to indicate a dramatic decline. The most prominent rate of growth was recorded in 2018 when exports increased by 37% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Slovakia (X units) was the main destination for wood milling machine exports from Ukraine, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Slovakia stood at -9.1%.

In value terms, Slovakia ($X) emerged as the key foreign market for planing, milling or moulding machines exports from Ukraine.

From 2012 to 2021, the average annual rate of growth in terms of value to Slovakia amounted to -13.4%.

Export Prices by Country

In 2021, the average wood milling machine export price amounted to $X per unit, falling by -74.5% against the previous year. Overall, the export price showed a deep setback. The most prominent rate of growth was recorded in 2020 when the average export price increased by 148% against the previous year. The export price peaked at $X per unit in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Slovakia.

From 2012 to 2021, the rate of growth in terms of prices for Russia amounted to +13.9% per year.

Wood Milling Machine Imports

Imports into Ukraine

In 2021, overseas purchases of planing, milling or moulding machines decreased by -67.6% to X units, falling for the third consecutive year after three years of growth. Over the period under review, imports showed a abrupt contraction. The growth pace was the most rapid in 2018 with an increase of 57%. Over the period under review, imports hit record highs at X units in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, wood milling machine imports contracted remarkably to $X in 2021. Overall, imports recorded a abrupt downturn. The growth pace was the most rapid in 2016 when imports increased by 58%. Over the period under review, imports reached the peak figure at $X in 2017; however, from 2018 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X units) constituted the largest wood milling machine supplier to Ukraine, accounting for a 88% share of total imports. Moreover, wood milling machine imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X units), more than tenfold. Turkey (X units) ranked third in terms of total imports with a 3.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at -17.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-18.8% per year) and Turkey (+9.8% per year).

In value terms, China ($X) constituted the largest supplier of planing, milling or moulding machines to Ukraine, comprising 52% of total imports. The second position in the ranking was taken by Turkey ($X), with a 16% share of total imports. It was followed by Poland, with a 9.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at -16.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+10.2% per year) and Poland (-16.9% per year).

Import Prices by Country

The average wood milling machine import price stood at $X per unit in 2021, with a decrease of -30.6% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the average import price increased by 75% against the previous year. The import price peaked at $X per unit in 2016; however, from 2017 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 Belarus ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belarus (+47.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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