Ukraine: Market for Steering Wheels, Steering Columns And Steering Boxes 2025

Market Size for Steering Wheels, Steering Columns And Steering Boxes in Ukraine

After six years of growth, the Ukrainian steering wheels and columns market decreased by -32.5% to $X in 2022. In general, consumption showed a noticeable descent. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Exports of Steering Wheels, Steering Columns And Steering Boxes

Exports from Ukraine

In 2022, overseas shipments of steering wheels, steering columns and steering boxes decreased by -59.3% to X tons, falling for the second year in a row after five years of growth. Overall, exports showed a abrupt contraction. The pace of growth appeared the most rapid in 2017 when exports increased by 27% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, steering wheels and columns exports contracted markedly to $X in 2022. Over the period under review, exports continue to indicate a abrupt decrease. The pace of growth appeared the most rapid in 2017 with an increase of 33% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Poland (X tons), Belarus (X tons) and Russia (X tons) were the main destinations of steering wheels and columns exports from Ukraine, together accounting for 70% of total exports. Hungary, Lithuania, Kazakhstan, Moldova, Bulgaria, Uzbekistan, Cuba, Azerbaijan and Egypt lagged somewhat behind, together accounting for a further 24%.

From 2012 to 2022, the biggest increases were recorded for Uzbekistan (with a CAGR of +36.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for steering wheels and columns exported from Ukraine were Poland ($X), Belarus ($X) and Russia ($X), with a combined 58% share of total exports. Bulgaria, Moldova, Lithuania, Hungary, Cuba, Kazakhstan, Uzbekistan, Azerbaijan and Egypt lagged somewhat behind, together comprising a further 29%.

Among the main countries of destination, Uzbekistan, with a CAGR of +32.7%, recorded the highest rates of growth with regard to 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 steering wheels and columns export price stood at $X per ton in 2022, increasing by 19% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bulgaria (+19.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Steering Wheels, Steering Columns And Steering Boxes

Imports into Ukraine

In 2022, after six years of growth, there was significant decline in overseas purchases of steering wheels, steering columns and steering boxes, when their volume decreased by -38.8% to X tons. In general, imports saw a pronounced downturn. The pace of growth was the most pronounced in 2016 with an increase of 29%. Over the period under review, imports reached the peak figure at X tons in 2021, and then declined dramatically in the following year.

In value terms, steering wheels and columns imports reduced rapidly to $X in 2022. Over the period under review, imports recorded a noticeable slump. The most prominent rate of growth was recorded in 2016 when imports increased by 30% against the previous year. Over the period under review, imports attained the peak figure at $X in 2021, and then shrank dramatically in the following year.

Imports by Country

Turkey (X tons), China (X tons) and South Korea (X tons) were the main suppliers of steering wheels and columns imports to Ukraine, together comprising 66% of total imports. Germany, Russia, Spain, Japan, Belgium, Italy, Poland, India and Belarus lagged somewhat behind, together accounting for a further 25%.

From 2012 to 2022, the biggest increases were recorded for Belgium (with a CAGR of +23.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), China ($X) and Germany ($X) appeared to be the largest steering wheels and columns suppliers to Ukraine, together accounting for 55% of total imports.

Among the main suppliers, Turkey, with a CAGR of +12.4%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average steering wheels and columns import price amounted to $X per ton, remaining stable against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 11% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belarus (+4.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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