Ukraine: Bearing Market 2024

Bearing Market Size in Ukraine

The Ukrainian bearing market reduced to $X in 2022, waning by X% against the previous year. In general, consumption recorded a abrupt descent. Bearing consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Bearing Production in Ukraine

In value terms, bearing production declined modestly to $X in 2022 estimated in export price. In general, production, however, saw a deep downturn. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Bearing production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Bearing Exports

Exports from Ukraine

In 2022, the amount of ball or roller bearings exported from Ukraine contracted markedly to X tons, falling by X% on 2021. In general, exports faced a abrupt decrease. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, bearing exports declined sharply to $X in 2022. Over the period under review, exports saw a abrupt decrease. The pace of growth appeared the most rapid in 2021 when exports increased by X%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X tons) was the main destination for bearing exports from Ukraine, with a X% share of total exports. Moreover, bearing exports to Germany exceeded the volume sent to the second major destination, Belarus (X tons), more than tenfold. The third position in this ranking was held by Turkey (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Germany was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Belarus (X% per year) and Turkey (X% per year).

In value terms, Germany ($X) remains the key foreign market for ball or roller bearings exports from Ukraine, comprising X% of total exports. The second position in the ranking was taken by Poland ($X), with a X% share of total exports. It was followed by Belarus, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Germany was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (X% per year) and Belarus (X% per year).

Export Prices by Country

In 2022, the average bearing export price amounted to $X per ton, increasing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The growth pace was the most rapid in 2020 when the average export price increased by X% against the previous year. The export price peaked in 2022 and is likely to continue growth in years to come.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Poland ($X per ton) and Russia ($X per ton), while the average price for exports to Turkey ($X per ton) and Belarus ($X per ton) were amongst the lowest.

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

Bearing Imports

Imports into Ukraine

In 2022, imports of ball or roller bearings into Ukraine dropped sharply to X tons, reducing by X% against 2021 figures. Overall, imports showed a abrupt contraction. The pace of growth appeared the most rapid in 2016 with an increase of X%. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, bearing imports fell dramatically to $X in 2022. In general, imports recorded a deep contraction. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of bearing to Ukraine, with a X% share of total imports. Moreover, bearing imports from China exceeded the figures recorded by the second-largest supplier, Slovakia (X tons), eightfold. The third position in this ranking was held by Kazakhstan (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Slovakia (X% per year) and Kazakhstan (X% per year).

In value terms, China ($X) constituted the largest supplier of ball or roller bearings to Ukraine, comprising X% of total imports. The second position in the ranking was held by Germany ($X), with an X% share of total imports. It was followed by Slovakia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Slovakia (X% per year).

Import Prices by Country

In 2022, the average bearing import price amounted to $X per ton, shrinking by X% against the previous year. In general, the import price saw a slight setback. The most prominent rate of growth was recorded in 2020 when the average import price increased by X%. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

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 Germany ($X per ton), while the price for Kazakhstan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :