Updated Jan 31, 2023 23:51

Pedestrian-Controlled Tractor Market in Ukraine

Market Overview
The Ukrainian pedestrian-controlled tractor market dropped sharply to $ in , falling by -% 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, posted a temperate increase. Over the period under review, the market reached the peak level at $ in 2013; however, from 2014 to , consumption stood at a somewhat lower figure.


Consumption
In , pedestrian-controlled tractor consumption in Ukraine fell markedly to units, with a decrease of -% against the year before. In general, consumption, however, enjoyed resilient growth. Over the period under review, consumption attained the maximum volume at units in 2013; however, from 2014 to , consumption remained at a lower figure.

The revenue of the pedestrian-controlled tractor market in Ukraine shrank sharply to $ in , which is down by -% 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). Over the period under review, consumption, however, recorded a temperate increase. Over the period under review, the market attained the maximum level at $ in 2013; however, from 2014 to , consumption stood at a somewhat lower figure.


Market Forecast
The pedestrian-controlled tractor market is expected to start a downward consumption trend over the next eight-year period. The performance of the market is forecast to decrease slightly, with an anticipated CAGR of -% for the eight-year period from to , which is projected to depress the market volume to units by the end of .

In value terms, the market is forecast to contract with an anticipated CAGR of -% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .


Market Structure
Pedestrian-controlled tractor market in Ukraine consists almost entirely of imported products. In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports increased moderately ( percentage point) over the period under review.


Trade Balance
Ukraine remains a net importer of pedestrian-controlled tractor; in physical and value terms, imports consistently exceeded exports from 2007 to . In , there was a significant trade deficit of units, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.