Ukraine: Vacuum Pump Market 2024

Vacuum Pump Market Size in Ukraine

The Ukrainian vacuum pump market reached $X in 2022, increasing by 4.8% against the previous year. Overall, consumption, however, showed a abrupt slump. 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.

Vacuum Pump Production in Ukraine

In value terms, vacuum pump production reduced slightly to $X in 2022 estimated in export price. In general, production, however, recorded a significant decline. The most prominent rate of growth was recorded in 2018 with an increase of 55%. Vacuum pump production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Vacuum Pump Exports

Exports from Ukraine

Vacuum pump exports from Ukraine fell markedly to X units in 2022, shrinking by -85.1% against the year before. In general, exports continue to indicate a dramatic decline. The most prominent rate of growth was recorded in 2015 when exports increased by 3.5% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, vacuum pump exports dropped dramatically to $X in 2022. Over the period under review, exports faced a deep slump. The most prominent rate of growth was recorded in 2017 with an increase of 44% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Russia (X units) was the main destination for vacuum pump exports from Ukraine, with a 57% share of total exports. Moreover, vacuum pump exports to Russia exceeded the volume sent to the second major destination, Moldova (X units), threefold. Kazakhstan (X units) ranked third in terms of total exports with a 15% share.

From 2012 to 2022, the average annual growth rate of volume to Russia amounted to -30.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Moldova (-9.5% per year) and Kazakhstan (-29.7% per year).

In value terms, the largest markets for vacuum pump exported from Ukraine were Uzbekistan ($X), Russia ($X) and Kazakhstan ($X), together comprising 57% of total exports.

Uzbekistan, with a CAGR of +30.9%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average vacuum pump export price stood at $X per unit in 2022, picking up by 164% against the previous year. Overall, the export price recorded resilient growth. 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 Uzbekistan ($X per unit), while the average price for exports to Russia ($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 Moldova (+26.9%), while the prices for the other major destinations experienced more modest paces of growth.

Vacuum Pump Imports

Imports into Ukraine

In 2022, approx. X units of vacuum pumps were imported into Ukraine; shrinking by -38.2% compared with 2021 figures. Over the period under review, imports recorded a abrupt decrease. The most prominent rate of growth was recorded in 2019 with an increase of 38% against the previous year. Over the period under review, imports reached the peak figure at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, vacuum pump imports dropped dramatically to $X in 2022. Overall, imports recorded a deep setback. The pace of growth appeared the most rapid in 2016 when imports increased by 32%. Over the period under review, imports hit record highs at $X in 2021, and then declined markedly in the following year.

Imports by Country

In 2022, China (X units) constituted the largest supplier of vacuum pump to Ukraine, accounting for a 74% share of total imports. Moreover, vacuum pump imports from China exceeded the figures recorded by the second-largest supplier, Hungary (X units), eightfold. Italy (X units) ranked third in terms of total imports with a 4.3% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +1.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Hungary (+96.5% per year) and Italy (-7.0% per year).

In value terms, the largest vacuum pump suppliers to Ukraine were China ($X), Italy ($X) and Turkey ($X), together accounting for 49% of total imports. Hungary, the Netherlands, Russia and the UK lagged somewhat behind, together comprising a further 3.9%.

In terms of the main suppliers, Hungary, with a CAGR of +61.1%, 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

The average vacuum pump import price stood at $X per unit in 2022, reducing by -20.3% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the average import price increased by 48%. Over the period under review, average import prices attained the maximum at $X per unit in 2018; however, from 2019 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 Italy ($X per unit), while the price for Hungary ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+12.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :