Ukraine: Truck Market 2025

Truck Market Size in Ukraine

The Ukrainian truck market fell notably to $X in 2022, which is down by -24.7% against the previous year. In general, consumption showed a deep slump. Truck consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Truck Production in Ukraine

In value terms, truck production dropped slightly to $X in 2022 estimated in export price. Overall, production showed a sharp slump. The pace of growth appeared the most rapid in 2014 with an increase of 28% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2022, production growth failed to regain momentum.

Truck Exports

Exports from Ukraine

In 2022, truck exports from Ukraine fell markedly to X units, with a decrease of -30.4% compared with the previous year. In general, exports saw a precipitous descent. The most prominent rate of growth was recorded in 2021 when exports increased by 124% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, truck exports surged to $X in 2022. Overall, exports faced a dramatic setback. The most prominent rate of growth was recorded in 2021 with an increase of 134%. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Kazakhstan (X units) was the main destination for truck exports from Ukraine, with a 44% share of total exports. Moreover, truck exports to Kazakhstan exceeded the volume sent to the second major destination, Poland (X units), threefold. Germany (X units) ranked third in terms of total exports with a 10% share.

From 2012 to 2022, the average annual growth rate of volume to Kazakhstan amounted to +4.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (-1.8% per year) and Germany (+2.9% per year).

In value terms, Kazakhstan ($X) emerged as the key foreign market for trucks exports from Ukraine, comprising 67% of total exports. The second position in the ranking was taken by Poland ($X), with a 13% share of total exports. It was followed by Turkey, with a 6.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Kazakhstan totaled +3.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (-1.1% per year) and Turkey (+37.8% per year).

Export Prices by Country

In 2022, the average truck export price amounted to $X per unit, surging by 91% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. Over the period under review, the average export prices attained the peak figure at $X per unit in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Kazakhstan ($X per unit), while the average price for exports to France ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Azerbaijan (+74.1%), while the prices for the other major destinations experienced more modest paces of growth.

Truck Imports

Imports into Ukraine

In 2022, imports of trucks into Ukraine plummeted to X units, with a decrease of -39.1% compared with the year before. In general, imports recorded a deep downturn. The pace of growth was the most pronounced in 2019 with an increase of 29% against the previous year. Over the period under review, imports attained the maximum at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, truck imports shrank remarkably to $X in 2022. Over the period under review, imports saw a deep setback. The pace of growth was the most pronounced in 2017 when imports increased by 49%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Germany (X units), France (X units) and Poland (X units) were the main suppliers of truck imports to Ukraine, together comprising 64% of total imports. Italy, Thailand, Spain, Turkey, Slovakia, Morocco, Hungary, South Korea and the Netherlands lagged somewhat behind, together comprising a further 26%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Morocco (with a CAGR of +15.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest truck suppliers to Ukraine were Germany ($X), Poland ($X) and South Korea ($X), with a combined 38% share of total imports. France, Spain, Italy, Turkey, Thailand, the Netherlands, Slovakia, Morocco and Hungary lagged somewhat behind, together comprising a further 41%.

Thailand, with a CAGR of +158.0%, 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

In 2022, the average truck import price amounted to $X per unit, jumping by 30% against the previous year. Over the period under review, the import price showed prominent growth. The pace of growth was the most pronounced in 2015 when the average import price increased by 52% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is expected to retain growth in the immediate term.

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 South Korea ($X per unit), while the price for France ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+36.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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