In 2020, after four years of growth, the Ukrainian crane market declined, its value fell -X% to X dollars. During the period under review, consumption declined sharply. In 2018, the growth rate was the fastest, and the market value increased by X% compared with the previous year. During the period under review, the market hit an all-time high of $X in 2007; however, from 2008 to 2020, consumption failed to regain momentum.
In value terms, 2020 crane production is estimated to contract to $X at export prices. Overall, production continued to show sharp declines. The most significant growth rate occurred in 2016, with a year-on-year increase of X%. During the period under review, production peaked at $X in 2007; however, from 2008 to 2020, production failed to regain momentum.
In 2020, overseas shipments of cranes and mobile cranes increased by X% to X units, increasing for the fourth consecutive year after declining for three consecutive years. Overall, exports rose slightly. The most significant growth rate occurred in 2008, when exports increased by X% year-on-year. As a result, exports peaked at X units. From 2009 to 2020, the growth rate of exports remained at a low level.
Crane exports surged to $X in 2020 by value. Overall, exports fell sharply. 2011 saw the fastest growth, with exports increasing by X% year-on-year. Exports peaked at $X in 2008; however, from 2009 to 2020, exports have been at lower levels.
Russia (X units) is the main destination for Ukraine's crane exports, accounting for X% of total exports. In addition, more than twice as many cranes were exported to Russia as to the second major destination, the United States (X units). Third in this ranking is Spain (X units) with an X% share.
From 2007 to 2020, the average annual growth rate of shipments to Russia reached +X%. Exports to other major destinations recorded the following average annual export growth rates: United States (+X% per annum) and Spain (X% per annum).
In value terms, Russia ($X) remains the main foreign market for Ukrainian crane exports, accounting for X% of total exports. In second place is the United States ($X) with X% of total exports. It is followed by Spain with an X% share.
From 2007 to 2020, the average annual growth rate of value to Russia was -X%. Exports to other major destinations recorded the following average annual export growth rates: United States (+X% per annum) and Spain (X% per annum).
In 2020, the number of cranes, mobile hoisting frames imported into Ukraine soared to X units, an increase of X% over the data in 2019. Overall, imports continue to show strong growth. The fastest growth was in 2015, with imports increasing by X% year-on-year. During the period under review, imports hit an all-time high in 2020 and are expected to keep growing in the short term.
Crane imports surged to $X in 2020 by value. Overall, imports have shrunk significantly. The most significant growth rate occurred in 2015, with an X% year-over-year increase. During the period under review, imports reached a record $X in 2008; however, from 2009 to 2020, imports failed to regain momentum.
Italy (X units), Ireland (X units) and Germany (X units) are the main suppliers of crane imports to Ukraine, together accounting for X% of total imports. Estonia, France, China and the Czech Republic are a little behind, and together form a further X from 2007 to 2020, with the largest increase being the Czech Republic, while other leaders experienced more modest growth rates in purchases.
Italy ($X) is the largest crane supplier to Ukraine by value, accounting for X% of total imports. In second place is Ireland ($X) with X% of total imports. It is followed by Germany with an X% share.
From 2007 to 2020, the average annual growth rate of Italian value was +X%. The average annual growth rates of imports for the remaining suppliers are as follows: Ireland (-X% per annum) and Germany (-X% per annum).
Italy is Ukraine's largest crane supplier by value, accounting for 36% of total imports. In second place was Ireland, which accounted for 11% of total imports. It is followed by Germany with 11%.
In terms of value, Russia remains the main foreign market for Ukrainian crane exports, accounting for 72% of total exports. In second place is the United States, which accounts for 21% of total exports. It is followed by Spain with a share of 3.2%.
In 2020, the average export price of cranes was USD 49,528 per unit, a decrease of -22.1% from the previous year.
The average import price of cranes in 2020 was USD 107,702 per unit, down -23.6% from the previous year.
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