Updated Nov 17, 2022 12:38

Crawler Tractor Market in Ukraine

Market Overview
The Ukrainian crawler tractor market expanded remarkably to $ in , surging 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 recorded significant growth. Over the period under review, the market reached the maximum level at $ in 2016; however, from 2017 to , consumption stood at a somewhat lower figure.

In value terms, crawler tractor production dropped to $ in estimated in export price. The total output value increased at an average annual rate of +% over the period from 2007 to ; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2016 with an increase of % against the previous year. As a result, production reached the peak level of $. From 2017 to , production growth remained at a lower figure.


Consumption
In , consumption of crawler tractors increased by % to units, rising for the second consecutive year after two years of decline. Over the period under review, consumption enjoyed a significant expansion. Crawler tractor consumption peaked at units in 2018; however, from 2019 to , consumption remained at a lower figure.

The revenue of the crawler tractor market in Ukraine expanded sharply to $ in , with an increase of % 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 showed significant growth. Over the period under review, the market reached the maximum level in and is likely to see gradual growth in years to come.


Market Forecast
Driven by increasing demand for crawler tractor in Ukraine, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to decelerate, 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
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 crawler 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.