Ukraine: Electric Soldering Iron Market 2024

Electric Soldering Iron Market Size in Ukraine

The Ukrainian electric soldering iron market surged to $X in 2023, rising by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption posted notable growth. Over the period under review, the market attained the peak level at $X in 2021; however, from 2022 to 2023, consumption remained at a lower figure.

Electric Soldering Iron Exports

Exports from Ukraine

In 2023, after two years of decline, there was significant growth in shipments abroad of electric soldering irons and guns, when their volume increased by X% to X units. Over the period under review, exports recorded a significant increase. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. The exports peaked in 2023 and are likely to continue growth in years to come.

In value terms, electric soldering iron exports soared to $X in 2023. In general, exports enjoyed significant growth. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2020; however, from 2021 to 2023, the exports remained at a lower figure.

Exports by Country

Poland (X units) was the main destination for electric soldering iron exports from Ukraine, with a X% share of total exports. Moreover, electric soldering iron exports to Poland exceeded the volume sent to the second major destination, the Czech Republic (X units), more than tenfold. Moldova (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume to Poland totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (X% per year) and Moldova (X% per year).

In value terms, Poland ($X) emerged as the key foreign market for electric soldering irons and guns exports from Ukraine, comprising X% of total exports. The second position in the ranking was held by the Czech Republic ($X), with a X% share of total exports. It was followed by Moldova, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value to Poland amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (X% per year) and Moldova (X% per year).

Export Prices by Country

In 2023, the average electric soldering iron export price amounted to $X per unit, shrinking by X% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when the average export price increased by X% against the previous year. The export price peaked at $X per unit in 2022, and then declined remarkably in the following year.

There were significant differences in the average prices for the major foreign markets. In 2023, amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to Azerbaijan ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Romania (X%), while the prices for the other major destinations experienced more modest paces of growth.

Electric Soldering Iron Imports

Imports into Ukraine

In 2023, approx. X units of electric soldering irons and guns were imported into Ukraine; growing by X% compared with the previous year. Overall, imports saw a resilient increase. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, imports reached the peak figure at X units in 2021; however, from 2022 to 2023, imports failed to regain momentum.

In value terms, electric soldering iron imports surged to $X in 2023. In general, imports posted a strong increase. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Imports peaked in 2023 and are expected to retain growth in the immediate term.

Imports by Country

In 2023, China (X units) constituted the largest electric soldering iron supplier to Ukraine, accounting for a X% share of total imports. Moreover, electric soldering iron imports from China exceeded the figures recorded by the second-largest supplier, Spain (X units), sixfold. Mexico (X units) ranked third in terms of total imports with an X% share.

From 2012 to 2023, 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: Spain (X% per year) and Mexico (X% per year).

In value terms, China ($X) constituted the largest supplier of electric soldering irons and guns to Ukraine, comprising X% of total imports. The second position in the ranking was taken by Mexico ($X), with a X% share of total imports. It was followed by Germany, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (X% per year) and Germany (X% per year).

Import Prices by Country

In 2023, the average electric soldering iron import price amounted to $X per unit, jumping by X% against the previous year. In general, the import price saw a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Germany ($X per unit), while the price for Spain ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform