Ukraine: Transmission Shaft Market 2024

Transmission Shaft Market Size in Ukraine

The Ukrainian transmission shaft market contracted to $X in 2022, declining by -14.5% against the previous year. Over the period under review, consumption, however, showed a slight increase. Transmission shaft consumption peaked at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Transmission Shaft Production in Ukraine

In value terms, transmission shaft production stood at $X in 2022 estimated in export price. Overall, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 158% against the previous year. Transmission shaft production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Transmission Shaft Exports

Exports from Ukraine

Transmission shaft exports from Ukraine contracted notably to X tons in 2022, with a decrease of -64% compared with the previous year. In general, exports faced a abrupt decline. The pace of growth appeared the most rapid in 2020 with an increase of 31%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, transmission shaft exports declined dramatically to $X in 2022. Over the period under review, exports faced a drastic downturn. The most prominent rate of growth was recorded in 2020 with an increase of 65% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Lithuania (X tons), Russia (X tons) and Kazakhstan (X tons) were the main destinations of transmission shaft exports from Ukraine, together comprising 42% of total exports. Latvia, Italy, Germany, Belarus, France, Turkey, Uzbekistan, China, Poland and Slovakia lagged somewhat behind, together comprising a further 46%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Italy (with a CAGR of +44.1%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for transmission shaft exported from Ukraine were Russia ($X), Italy ($X) and Kazakhstan ($X), together accounting for 30% of total exports.

Among the main countries of destination, Italy, with a CAGR of +41.5%, saw 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

In 2022, the average transmission shaft export price amounted to $X per ton, waning by -6.2% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the average export price increased by 33%. The export price peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Uzbekistan ($X per ton), while the average price for exports to Latvia ($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 Belarus (+4.2%), while the prices for the other major destinations experienced more modest paces of growth.

Transmission Shaft Imports

Imports into Ukraine

In 2022, approx. X tons of transmission shafts and cranks, bearing housings and plain shaft bearings, gears and gearing and articulated link chain were imported into Ukraine; shrinking by -40.9% compared with 2021 figures. Over the period under review, imports continue to indicate a mild slump. The most prominent rate of growth was recorded in 2016 when imports increased by 27%. Imports peaked at X tons in 2021, and then shrank notably in the following year.

In value terms, transmission shaft imports contracted remarkably to $X in 2022. Overall, imports showed a slight curtailment. The pace of growth appeared the most rapid in 2016 with an increase of 46% against the previous year. Imports peaked at $X in 2021, and then shrank rapidly in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest transmission shaft supplier to Ukraine, accounting for a 52% share of total imports. Moreover, transmission shaft imports from China exceeded the figures recorded by the second-largest supplier, Italy (X tons), sevenfold. The third position in this ranking was taken by Germany (X tons), with a 7.7% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +3.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+0.9% per year) and Germany (-2.2% per year).

In value terms, China ($X), Germany ($X) and Italy ($X) were the largest transmission shaft suppliers to Ukraine, with a combined 49% share of total imports. The United States, Poland, Finland, Turkey, the Czech Republic, Slovakia, Russia and Belarus lagged somewhat behind, together comprising a further 32%.

Turkey, with a CAGR of +13.3%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average transmission shaft import price stood at $X per ton in 2022, growing by 9.5% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of 16% against the previous year. The import price peaked at $X per ton in 2012; afterwards, it flattened through to 2022.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+6.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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