Business news from Ukraine

Business news from Ukraine

PRODUCTION OF TRACTOR, MOUNTED AND TRAILED MOWERS IN UKRAINE DECREASED FROM 3,590 TO 600 ITEMS

Production of tractor, mounted and trailed mowers in Ukraine decreased 83.3% over 2017-2020 – from 3,590 items to 600 items, while their imports (excluding imports from China) tripled – from 1,430 items to 4,240 items, the current trend threatens to completely oust this domestic equipment from the Ukrainian market. This was announced by the national research center Institute of Agrarian Economics on the website on Thursday.
According to the institution, in 2017, production of mowers in Ukraine amounted to 3,590 items, in 2018 – 1,550 items, in 2019 – 1,110 items, in 2020 – 600 items, and in the first half of 2021 – 250 items.
At the same time, imports of this equipment to Ukraine (excluding imports from China) amounted to 1,430 items in 2017, some 1,550 items in 2018, some 3,530 items in 2019, and in 2020 – 4,240 items, while in the first half of 2021, some 3,190 items were imported.
Thus, in the first half of the year, the share of mowers produced in Ukraine was 7.2% in the Ukrainian market of this equipment, while in 2017 it was 10 times higher – 71.6%. The institute clarified that this statistics does not take into account data on mowers imported from China, given which the decrease in the share of Ukrainian equipment in the market may turn out to be even more significant.
“The current situation testifies to the gradual abandonment of domestic mowers in favor of foreign ones, a wide range of which allows an agricultural enterprise to choose equipment in accordance with its own capabilities and needs,” Institute of Agrarian Economics researcher Yaroslav Navrotsky is quoted in the report.
The researcher emphasized that in order to reduce the growing dependence on imports of machinery in general and mowers in particular, Ukraine needs to create favorable conditions for attracting foreign investors, as well as to establish production of world-class mowers in Ukraine by organizing joint ventures.
As reported, in January-July 2021, farmers received UAH 546 million from the state budget under the program of partial compensation for the cost of domestic agricultural machinery and equipment.

, , ,