In the first quarter of 2021, the Ukrainian economy continued to be in recession, but the rate of decline narrowed. After deducting price factors, Ukraine’s real GDP fell by 2.2% year-on-year, a decrease of 2.7 percentage points from the previous quarter and a decrease of 2.3 percentage points from the same period last year. , the seasonally adjusted real GDP fell by 1.2% month-on-month.
In recent years, Ukraine's economic development has been in recession, but as a Chinese crane supplier who has been concerned about the Ukrainian crane market for a long time, Dongqi Crane can feel the huge space of the Ukrainian crane market. This article will analyze how the Ukrainian crane market will change in 2022 through the market situation of Ukrainian overhead cranes
Before we start discussing the aerial crane market in Ukraine, we have a few small questions that need to be answered first. Let’s take a look
The Ukrainian Overhead Crane Market grew X% to X USD in 2020, rising for the fourth consecutive year after four years of decline. Overall, however, consumption continued to show a marked contraction. In 2009, the growth rate was the fastest, and the market value increased by X% year-on-year. During the period under review, the market peaked at $X in 2007; however, from 2008 to 2020, consumption failed to regain momentum.
By value, the production of overhead cranes in 2020 is estimated to fall to X dollars at export prices. During the period under review, production declined sharply. The most significant growth rate occurred in 2018, with an X% year-over-year increase. During the period under review, production peaked at $X in 2007; however, from 2008 to 2020, production has been at lower levels.
In 2020, approximately X fixed-support overhead cranes were exported from Ukraine; X% more than the previous year. Overall, however, exports suffered a severe setback. The most significant growth rate occurred in 2018, when exports increased by X% year-on-year. Exports peaked at X units in 2008; however, from 2009 to 2020, exports have remained low.
In value terms, 2020 bridge crane exports rose significantly to $X. But overall, exports continued to show a trend of abrupt contraction. The fastest growth in 2018, with exports up X% year-on-year. During the period under review, exports hit an all-time high of $X in 2008; however, from 2009 to 2020, exports were slightly lower.
Russia (X units) is the main destination for Ukrainian bridge crane exports, accounting for about X% of total exports. From 2007 to 2020, the average annual growth rate of exports to Russia was -X%.
In terms of value, Russia ($X) remains the main foreign market for Ukrainian bridge crane exports. From 2007 to 2020, the average annual growth rate of value to Russia was -X%.
In 2020, approximately X fixed-support overhead cranes were imported into Ukraine; an X% increase over the 2019 figure. Overall, import growth was strong. 2011 saw the fastest growth, with an X% increase over the previous year. During the period under review, imports hit an all-time high in 2020 and are expected to keep growing in the short term.
Overhead crane imports surged to $X in 2020 by value. During the period under review, imports showed strong growth. The most significant growth rate occurred in 2018, which was an X% increase compared to the previous year. Imports peaked in 2020 and may continue to grow in the short term.
In 2020, Italy (X units) was the largest supplier of overhead cranes to Ukraine, accounting for X% of total imports. In addition, the number of overhead cranes imported from Italy was four times higher than the number recorded by the second largest supplier, Estonia (X units).
From 2007 to 2020, the average annual growth rate of sales in Italy reached +X%. Italy ($X) is the largest supplier of overhead cranes to Ukraine by value, accounting for X% of total imports. In second place is Estonia ($X) with X% of total imports. From 2007 to 2020, the average annual growth in value from Italy totaled +X%.
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