Updated Nov 15, 2022 03:26

Market for Road Tractor For Semi-Trailer in Ukraine

Market Overview
The Ukrainian road tractor for semi-trailer market stood at $ in , picking up 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, showed a perceptible contraction. Over the period under review, the market hit record highs at $ in 2007; however, from 2008 to , consumption failed to regain momentum.


Consumption
In , road tractor for semi-trailer consumption in Ukraine totaled units, remaining relatively unchanged against . In general, consumption continues to indicate a relatively flat trend pattern. Over the period under review, consumption hit record highs at units in 2019; however, from to , consumption failed to regain momentum.

The size of the road tractor for semi-trailer market in Ukraine dropped rapidly to $ in , reducing 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). Overall, consumption, however, showed a perceptible slump. Over the period under review, the market attained the maximum level at $ in 2007; however, from 2008 to , consumption remained at a lower figure.


Market Forecast
Driven by increasing demand for road tractor for semi-trailer in Ukraine, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to accelerate, expanding with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to units by the end of .

In value terms, the market is forecast to increase 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
Road tractor for semi-trailer 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 decreased moderately (- percentage point) over the period under review.


Trade Balance
Ukraine remains a net importer of road tractor for semi-trailer; 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.