Ukraine: Cranks And Crankshafts Market 2024

Cranks And Crankshafts Market Size in Ukraine

The Ukrainian cranks and crankshafts market was estimated at $X in 2022, surging by X% against the previous year. Over the period under review, consumption, however, continues to indicate a abrupt descent. Over the period under review, the market reached the peak level at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Cranks And Crankshafts Production in Ukraine

In value terms, cranks and crankshafts production rose slightly to $X in 2022 estimated in export price. Overall, production, however, saw a deep slump. The most prominent rate of growth was recorded in 2020 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Cranks And Crankshafts Exports

Exports from Ukraine

Cranks and crankshafts exports from Ukraine fell significantly to X tons in 2022, dropping by X% against 2021 figures. Overall, exports continue to indicate a significant decrease. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, cranks and crankshafts exports shrank remarkably to $X in 2022. Over the period under review, exports saw a significant curtailment. The growth pace was the most rapid in 2020 when exports increased by X% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Lithuania (X tons) was the main destination for cranks and crankshafts exports from Ukraine, with a X% share of total exports. Moreover, cranks and crankshafts exports to Lithuania exceeded the volume sent to the second major destination, France (X tons), twofold. The third position in this ranking was taken by Turkey (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Lithuania amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (X% per year) and Turkey (X% per year).

In value terms, France ($X), Turkey ($X) and Lithuania ($X) were the largest markets for cranks and crankshafts exported from Ukraine worldwide, together accounting for X% of total exports.

In terms of the main countries of destination, Lithuania, with a CAGR of X%, recorded the highest growth rate of 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 cranks and crankshafts export price stood at $X per ton in 2022, waning by X% against the previous year. Over the period under review, export price indicated a modest expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2016 an increase of X%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2021, and then shrank in the following year.

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

Cranks And Crankshafts Imports

Imports into Ukraine

In 2022, approx. X tons of cranks and crankshafts were imported into Ukraine; waning by X% against the previous year's figure. In general, imports recorded a perceptible decline. The most prominent rate of growth was recorded in 2016 when imports increased by X%. Over the period under review, imports hit record highs at X tons in 2021, and then plummeted in the following year.

In value terms, cranks and crankshafts imports declined remarkably to $X in 2022. Overall, imports showed a noticeable setback. The growth pace was the most rapid in 2016 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2021, and then fell dramatically in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of cranks and crankshafts to Ukraine, accounting for a X% share of total imports. Moreover, cranks and crankshafts imports from China exceeded the figures recorded by the second-largest supplier, Italy (X tons), twofold. The third position in this ranking was held by Germany (X tons), with a X% share.

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

In value terms, the largest cranks and crankshafts suppliers to Ukraine were China ($X), Italy ($X) and Germany ($X), with a combined X% share of total imports.

Among the main suppliers, China, with a CAGR of X%, 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 cranks and crankshafts import price amounted to $X per ton, increasing by X% against the previous year. Overall, the import price, however, recorded a mild downturn. The pace of growth was the most pronounced in 2014 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 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 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 (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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