Ukraine: Silencer Market 2024

Silencer Market Size in Ukraine

The Ukrainian silencer market contracted to $X in 2021, with a decrease of -9.2% against the previous year. Overall, consumption recorded a perceptible decline. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Silencer Production in Ukraine

In value terms, silencer production contracted modestly to $X in 2021 estimated in export price. Overall, production, however, recorded strong growth. The pace of growth was the most pronounced in 2018 when the production volume increased by 68%. Silencer production peaked at $X in 2020, and then declined slightly in the following year.

Silencer Exports

Exports from Ukraine

In 2021, exports of silencers and exhaust pipes from Ukraine surged to X tons, growing by 34% on the previous year. Over the period under review, exports posted a significant increase. The growth pace was the most rapid in 2017 when exports increased by 84% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in years to come.

In value terms, silencer exports skyrocketed to $X in 2021. Overall, exports showed a buoyant expansion. The pace of growth appeared the most rapid in 2017 when exports increased by 109% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are likely to continue growth in the immediate term.

Exports by Country

The Czech Republic (X tons) was the main destination for silencer exports from Ukraine, with a 93% share of total exports. It was followed by Russia (X tons), with a 2.1% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to the Czech Republic stood at +27.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (-4.7% per year) and Hungary (-1.2% per year).

In value terms, the Czech Republic ($X) remains the key foreign market for silencer exports from Ukraine, comprising 92% of total exports. The second position in the ranking was held by Russia ($X), with a 2.5% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to the Czech Republic amounted to +26.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (-6.3% per year) and Hungary (-0.7% per year).

Export Prices by Country

The average silencer export price stood at $X per ton in 2021, surging by 16% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 23% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Russia ($X per ton), while the average price for exports to Hungary ($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 Hungary (+0.6%), while the prices for the other major destinations experienced a decline.

Silencer Imports

Imports into Ukraine

In 2021, after five years of growth, there was decline in overseas purchases of silencers and exhaust pipes, when their volume decreased by -4.1% to X tons. Over the period under review, imports showed a perceptible downturn. The pace of growth was the most pronounced in 2019 with an increase of 69%. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, silencer imports soared to $X in 2021. Overall, imports recorded a noticeable downturn. The most prominent rate of growth was recorded in 2016 with an increase of 69% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Poland (X tons) constituted the largest supplier of silencer to Ukraine, accounting for a 52% share of total imports. Moreover, silencer imports from Poland exceeded the figures recorded by the second-largest supplier, Russia (X tons), threefold. The third position in this ranking was taken by China (X tons), with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Poland totaled -5.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (-1.9% per year) and China (+9.6% per year).

In value terms, Poland ($X) constituted the largest supplier of silencer to Ukraine, comprising 29% of total imports. The second position in the ranking was taken by Russia ($X), with a 15% share of total imports. It was followed by China, with a 13% share.

From 2012 to 2021, the average annual growth rate of value from Poland was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (-0.1% per year) and China (+13.0% per year).

Import Prices by Country

In 2021, the average silencer import price amounted to $X per ton, growing by 21% against the previous year. Over the period under review, import price indicated notable growth from 2012 to 2021: its price increased at an average annual rate of +2.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, average import prices reached the peak figure at $X per ton in 2016; however, from 2017 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the Czech Republic ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+5.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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