Ukraine: Passenger Car Market 2024

Passenger Car Market Size in Ukraine

The Ukrainian passenger car market shrank notably to $X in 2022, with a decrease of 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). In general, consumption, however, saw a tangible increase. Passenger car consumption peaked at $X in 2021, and then dropped remarkably in the following year.

Passenger Car Exports

Exports from Ukraine

In 2022, approx. X units of passenger cars were exported from Ukraine; picking up by X% against the year before. Over the period under review, exports, however, saw a sharp shrinkage. The pace of growth appeared the most rapid in 2021 when exports increased by X%. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, passenger car exports skyrocketed to $X in 2022. In general, exports, however, showed a abrupt slump. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X units), Georgia (X units) and the United Arab Emirates (X units) were the main destinations of passenger car exports from Ukraine, together comprising X% of total exports. Poland, the Czech Republic, Canada, Belgium, Hungary, Moldova, Armenia, Bulgaria, Lithuania and Russia lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Canada (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for passenger car exported from Ukraine were Germany ($X), Canada ($X) and Georgia ($X), with a combined X% share of total exports.

Canada, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average passenger car export price amounted to $X per unit, reducing by X% against the previous year. In general, the export price, however, showed a remarkable increase. The pace of growth appeared the most rapid in 2015 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per unit in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($X per unit), while the average price for exports to the Czech Republic ($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 Canada (X%), while the prices for the other major destinations experienced more modest paces of growth.

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Passenger Car Imports

Imports into Ukraine

After six years of growth, purchases abroad of passenger cars decreased by X% to X units in 2022. Over the period under review, imports, however, showed a resilient expansion. The most prominent rate of growth was recorded in 2019 when imports increased by X%. Over the period under review, imports hit record highs at X units in 2021, and then shrank rapidly in the following year.

In value terms, passenger car imports contracted significantly to $X in 2022. Overall, imports recorded a mild reduction. The most prominent rate of growth was recorded in 2016 when imports increased by X%. Over the period under review, imports reached the peak figure at $X in 2021, and then declined significantly in the following year.

Imports by Country

In 2022, Germany (X units) constituted the largest supplier of passenger car to Ukraine, accounting for a X% share of total imports. Moreover, passenger car imports from Germany exceeded the figures recorded by the second-largest supplier, China (X units), threefold. France (X units) ranked third in terms of total imports with a X% share.

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

In value terms, Germany ($X), the United States ($X) and Japan ($X) appeared to be the largest passenger car suppliers to Ukraine, with a combined X% share of total imports. China, Poland, South Korea, France, the UK, the Czech Republic, Mexico, Romania, Turkey and Russia lagged somewhat behind, together comprising a further X%.

Poland, with a CAGR of X%, saw 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 passenger car import price amounted to $X per unit, stabilizing at the previous year. Overall, the import price recorded a abrupt downturn. The pace of growth was the most pronounced in 2014 an increase of X% against the previous year. As a result, import price attained the peak level of $X per unit. From 2015 to 2022, the average import prices failed to regain momentum.

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

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

Source: IndexBox Platform

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