Updated Jan 13, 2023 07:19

Market for Motor Vehicle Chassis Fitted With Engines in Ukraine

Market Overview
In , after two years of growth, there was significant decline in the Ukrainian market for motor vehicle chassis fitted with engines, when its value decreased by -% to $. Overall, consumption, however, enjoyed temperate growth. Over the period under review, the market reached the maximum level at $ in , and then declined notably in the following year.


Consumption
In , after two years of growth, there was significant decline in consumption of motor vehicle chassis fitted with engines, when its volume decreased by -% to units. Over the period under review, consumption, however, showed a measured increase. Over the period under review, consumption of attained the peak volume at units in , and then shrank dramatically in the following year.

The value of the market for motor vehicle chassis fitted with engines in Ukraine reduced sharply to $ in , with a decrease 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). Overall, consumption, however, enjoyed moderate growth. Over the period under review, the market hit record highs at $ in , and then reduced sharply in the following year.


Market Forecast
Driven by increasing demand for motor vehicle chassis fitted with engines in Ukraine, the market is expected to continue an upward consumption trend over the next eight years. 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
Motor vehicle chassis fitted with engines 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 motor vehicle chassis fitted with engines; 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.