News
27.07.2016
Agriculture machineries’ production growth in Ukraine
Currently production of agriculture machineries and equipment has increased. Thus, during 1H 2016 768 disk-shaped harrows, 1981 seeders and 2274 cultivators have been produced which is 68%, 46% and 25% extra comparing to previous year results. Growth in production was marked with 2% soil tillage machines’ export decrease as a result of internal demand rise for Ukrainian technics.
In overall, mentioned above trend has been observed during last three years, along with narrowing of foreign machineries import to Ukraine. Such tendencies caused by poor financial framework supporting agro companies in Ukraine to switch to national producers of machineries, technics and equipment
“Production increase within Ukrainian companies is a result of demand recovery for agro machineries succeeding market recession in 2014-15. At the same time, Ukrainian products are more competitive in price terms due to UAH devaluation”, said Vitalii Kordysh, agro markets expert of the UCAB Association.
