Ukraine: Power Tool Market 2025

Power Tool Market Size in Ukraine

In 2021, the Ukrainian power tool market increased by 26% to $X, rising for the fifth consecutive year after three years of decline. Overall, the total consumption indicated a pronounced expansion from 2012 to 2021: its value increased at an average annual rate of +3.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +92.0% against 2016 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Power Tool Exports

Exports from Ukraine

Power tool exports from Ukraine expanded slightly to X units in 2021, with an increase of 4.2% against the previous year. Over the period under review, exports, however, continue to indicate a deep setback. The most prominent rate of growth was recorded in 2020 with an increase of 79% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, power tool exports skyrocketed to $X in 2021. Overall, exports, however, continue to indicate a abrupt decrease. The pace of growth was the most pronounced in 2018 with an increase of 117%. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

Latvia (X units), Moldova (X units) and Georgia (X units) were the main destinations of power tool exports from Ukraine, with a combined 57% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Latvia (with a CAGR of +179.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for power tool exported from Ukraine were Slovenia ($X), Moldova ($X) and Latvia ($X), together comprising 60% of total exports.

In terms of the main countries of destination, Latvia, with a CAGR of +122.8%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average power tool export price stood at $X per unit in 2021, picking up by 17% against the previous year. In general, export price indicated slight growth from 2012 to 2021: its price increased at an average annual rate of +1.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, power tool export price decreased by -21.9% against 2018 indices. The most prominent rate of growth was recorded in 2018 an increase of 88%. As a result, the export price reached the peak level of $X per unit. From 2019 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Slovenia ($X per unit), while the average price for exports to Russia ($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 Kazakhstan (+7.4%), while the prices for the other major destinations experienced more modest paces of growth.

Power Tool Imports

Imports into Ukraine

In 2021, purchases abroad of power tools increased by 21% to X units, rising for the sixth year in a row after two years of decline. Over the period under review, imports enjoyed a moderate expansion. The pace of growth appeared the most rapid in 2016 with an increase of 85%. Over the period under review, imports attained the maximum in 2021 and are likely to see steady growth in the near future.

In value terms, power tool imports soared to $X in 2021. In general, imports showed a perceptible expansion. The most prominent rate of growth was recorded in 2016 when imports increased by 55%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the immediate term.

Imports by Country

In 2021, China (X units) was the main supplier of power tool to Ukraine, with a 96% share of total imports. It was followed by Romania (X units), with a 1.7% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from China stood at +3.9%.

In value terms, China ($X) constituted the largest supplier of power tools to Ukraine, comprising 83% of total imports. The second position in the ranking was taken by Romania ($X), with a 4.3% share of total imports.

From 2012 to 2021, the average annual growth rate of value from China amounted to +8.2%.

Import Prices by Country

The average power tool import price stood at $X per unit in 2021, rising by 14% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.6%. The pace of growth was the most pronounced in 2014 an increase of 21% against the previous year. Over the period under review, average import prices attained the peak figure at $X per unit in 2015; however, from 2016 to 2021, import prices failed to regain momentum.

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 Romania ($X per unit), while the price for China stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+4.2%).

Source: IndexBox Platform

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