News
22.03.2011
Agricultural machinery market “has exploded” – UCAB
According to the data of Association “Ukrainian Agribusiness Club” ( UCAB) the volume of foreign trade of agricultural machinery in Ukraine has increased in 2.3 times since the beginning of the current year comparing with the same period of 2010: agricultural equipment export has increased by 14%, while import of the same output has enhanced by 181%.
With regard to several indicators the leadership in foreign trade is held by tractors. Agricultural tractors cover about 50% of import and 35% of export value of agricultural equipment in January 2011. Also, there has been a significant growth in foreign trade of tractors: from early 2011 export increased by 144% compared to 2010 and import for the same period increased by 225%. The “leader” is followed by combines, but only with respect to import – in the current year the import of combines in Ukraine was by 52% larger in price terms than in the previous one.
In general, the demand for agricultural machinery has increased in recent months not only in Ukraine, but globally. According to Taras Vysotskyi, advisor on agricultural markets, UCAB, the rapid growth of demand was driven, first of all, by sharp rise in food prices, which significantly improved the financial situation of farmers. This, in turn, led to enhancement of investments in highly efficient agricultural machinery. As a result, at present, the main task of agricultural equipment producers is to fully meet the high demand.
