Ukraine: Market for Raw Steel And Steel Semi-Finished Products 2024

Market Size for Raw Steel And Steel Semi-Finished Products in Ukraine

In 2022, the Ukrainian market for raw steel and steel semi-finished products increased by X% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption, however, recorded a pronounced slump. Consumption of peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Raw Steel And Steel Semi-Finished Products in Ukraine

In value terms, production of raw steel and steel semi-finished products shrank slightly to $X in 2022 estimated in export price. In general, production showed a abrupt slump. The most prominent rate of growth was recorded in 2018 when the production volume increased by X%. Over the period under review, production of reached the peak level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Raw Steel And Steel Semi-Finished Products

Exports from Ukraine

In 2022, overseas shipments of raw steel and steel semi-finished products decreased by X% to X tons, falling for the second year in a row after three years of growth. Overall, exports recorded a deep contraction. The most prominent rate of growth was recorded in 2019 with an increase of X%. Over the period under review, the exports of reached the maximum at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of raw steel and steel semi-finished products dropped remarkably to $X in 2022. Over the period under review, exports saw a abrupt descent. The pace of growth appeared the most rapid in 2021 when exports increased by X%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Bulgaria (X tons), Poland (X tons) and Italy (X tons) were the main destinations of exports of raw steel and steel semi-finished products from Ukraine, together comprising X% of total exports. Turkey, the Dominican Republic, Egypt, Costa Rica, Saudi Arabia, China, Libya, Colombia, Canada and the UK lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Colombia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Bulgaria ($X), Poland ($X) and Italy ($X) constituted the largest markets for raw steel and steel semi-finished products exported from Ukraine worldwide, together accounting for X% of total exports. Turkey, the Dominican Republic, Egypt, Costa Rica, China, Libya, Saudi Arabia, Canada, Colombia and the UK lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, Colombia, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average export price for raw steel and steel semi-finished products amounted to $X per ton, increasing by X% against the previous year. Over the period under review, export price indicated a slight expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for raw steel and steel semi-finished products increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is expected to retain growth in years to come.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Canada ($X per ton) and Poland ($X per ton), while the average price for exports to the UK ($X per ton) and Colombia ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Raw Steel And Steel Semi-Finished Products

Imports into Ukraine

In 2022, approx. X tons of raw steel and steel semi-finished products were imported into Ukraine; reducing by X% against the previous year. Over the period under review, imports faced a precipitous decrease. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. Over the period under review, imports of reached the peak figure at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, imports of raw steel and steel semi-finished products declined dramatically to $X in 2022. In general, imports recorded a dramatic setback. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, imports of reached the peak figure at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Russia (X tons) constituted the largest raw steel and steel semi-finished products supplier to Ukraine, with a X% share of total imports. Moreover, imports of raw steel and steel semi-finished products from Russia exceeded the figures recorded by the second-largest supplier, India (X tons), fourfold. The third position in this ranking was held by Sweden (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Russia totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and Sweden (X% per year).

In value terms, Italy ($X), Sweden ($X) and India ($X) constituted the largest raw steel and steel semi-finished products suppliers to Ukraine, with a combined X% share of total imports.

Among the main suppliers, Sweden, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average import price for raw steel and steel semi-finished products stood at $X per ton in 2022, picking up by X% against the previous year. Over the period under review, the import price posted strong growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belarus (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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