Ukraine: Safes And Strongboxes Market 2025

Safes And Strongboxes Market Size in Ukraine

The Ukrainian safes and strongboxes market declined to $X in 2021, shrinking by -11.8% against the previous year. In general, consumption faced a abrupt decrease. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Safes And Strongboxes Production in Ukraine

In value terms, safes and strongboxes production rose slightly to $X in 2021 estimated in export price. In general, production, however, recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2019 when the production volume increased by 38%. Safes and strongboxes production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Safes And Strongboxes Exports

Exports from Ukraine

In 2021, approx. X tons of safes, strongboxes and doors of base metal were exported from Ukraine; growing by 35% on the previous year. Over the period under review, exports showed significant growth. The pace of growth appeared the most rapid in 2013 when exports increased by 210% against the previous year. The exports peaked in 2021 and are likely to see gradual growth in the near future.

In value terms, safes and strongboxes exports soared to $X in 2021. In general, exports posted significant growth. The pace of growth was the most pronounced in 2013 with an increase of 150%. Over the period under review, the exports reached the maximum in 2021 and are likely to continue growth in the immediate term.

Exports by Country

The UK (X tons), Poland (X tons) and Iraq (X tons) were the main destinations of safes and strongboxes exports from Ukraine, with a combined 43% share of total exports.

From 2012 to 2021, the biggest increases were recorded for the UK (with a CAGR of +410.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), the UK ($X) and Germany ($X) were the largest markets for safes and strongboxes exported from Ukraine worldwide, together comprising 42% of total exports.

The UK, with a CAGR of +363.1%, saw the highest rates of growth with regard to the value of exports, among 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 safes and strongboxes export price stood at $X per ton in 2021, rising by 12% against the previous year. Over the period under review, the export price, however, saw a slight curtailment. The growth pace was the most rapid in 2014 when the average export price increased by 24% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Moldova ($X per ton), while the average price for exports to Iraq ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Iraq (+41.4%), while the prices for the other major destinations experienced more modest paces of growth.

Safes And Strongboxes Imports

Imports into Ukraine

Safes and strongboxes imports into Ukraine reached X tons in 2021, increasing by 12% on the year before. Over the period under review, imports, however, showed a pronounced decline. The pace of growth was the most pronounced in 2019 with an increase of 40% against the previous year. Over the period under review, imports attained the maximum at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, safes and strongboxes imports rose rapidly to $X in 2021. Overall, imports, however, continue to indicate a noticeable reduction. The most prominent rate of growth was recorded in 2013 with an increase of 48% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

China (X tons), Russia (X tons) and Bulgaria (X tons) were the main suppliers of safes and strongboxes imports to Ukraine, together accounting for 76% of total imports. Lithuania, Belarus, Italy and South Korea lagged somewhat behind, together comprising a further 20%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Belarus (with a CAGR of +0.2%), while imports for the other leaders experienced a decline.

In value terms, China ($X) constituted the largest supplier of safes, strongboxes and doors of base metal to Ukraine, comprising 39% of total imports. The second position in the ranking was held by Russia ($X), with a 17% share of total imports. It was followed by Bulgaria, with a 13% share.

From 2012 to 2021, the average annual growth rate of value from China amounted to +2.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (-7.7% per year) and Bulgaria (-4.8% per year).

Import Prices by Country

The average safes and strongboxes import price stood at $X per ton in 2021, rising by 1.7% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.5%. The pace of growth appeared the most rapid in 2017 an increase of 30% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+11.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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