Ukraine: Ferro-Alloys Market 2024

Ferro-Alloys Market Size in Ukraine

The Ukrainian ferro-alloys market skyrocketed to $X in 2022, growing by X% against the previous year. Overall, consumption showed a moderate expansion. Ferro-alloys consumption peaked in 2022 and is expected to retain growth in the near future.

Ferro-Alloys Production in Ukraine

In value terms, ferro-alloys production reached $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2018 to 2022, production growth failed to regain momentum.

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Ferro-Alloys Exports

Exports from Ukraine

In 2022, approx. X tons of ferro-alloys were exported from Ukraine; dropping by X% compared with 2021. Overall, exports showed a deep reduction. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, ferro-alloys exports declined sharply to $X in 2022. Over the period under review, exports saw a perceptible contraction. The pace of growth was the most pronounced in 2017 when exports increased by X%. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Poland (X tons) was the main destination for ferro-alloys exports from Ukraine, with a X% share of total exports. Moreover, ferro-alloys exports to Poland exceeded the volume sent to the second major destination, the Netherlands (X tons), sevenfold. Romania (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Poland stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (X% per year) and Romania (X% per year).

In value terms, Poland ($X) emerged as the key foreign market for ferro-alloys exports from Ukraine, comprising X% of total exports. The second position in the ranking was held by the Netherlands ($X), with a X% share of total exports. It was followed by Romania, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Poland totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (X% per year) and Romania (X% per year).

Export Prices by Country

The average ferro-alloys export price stood at $X per ton in 2022, growing by X% against the previous year. Overall, export price indicated temperate growth 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, ferro-alloys export price increased by X% against 2020 indices. The growth pace was the most rapid in 2017 an increase of X% against the previous year. The export price peaked in 2022 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Russia ($X per ton) was amongst the lowest.

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

Ferro-Alloys Imports

Imports into Ukraine

In 2022, imports of ferro-alloys into Ukraine fell significantly to X tons, shrinking by X% compared with 2021. Overall, imports recorded a abrupt decrease. The pace of growth was the most pronounced in 2021 when imports increased by X%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, ferro-alloys imports dropped significantly to $X in 2022. In general, imports recorded a abrupt downturn. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Norway (X tons), Kazakhstan (X tons) and Romania (X tons) were the main suppliers of ferro-alloys imports to Ukraine, with a combined X% share of total imports. China, Brazil, Russia, Slovakia, India, South Africa, Georgia, South Korea and France lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Slovakia (with a CAGR of X%), while purchases for the other leaders experienced a decline.

In value terms, the largest ferro-alloys suppliers to Ukraine were Norway ($X), China ($X) and Kazakhstan ($X), with a combined X% share of total imports. Brazil, Russia, Romania, South Africa, Slovakia, India, South Korea, Georgia and France lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, Slovakia, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average ferro-alloys import price stood at $X per ton in 2022, growing by X% against the previous year. Over the period under review, import price indicated measured growth 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, ferro-alloys import price increased by X% against 2017 indices. The most prominent rate of growth was recorded in 2018 when the average import price increased by X%. Over the period under review, average import prices reached the peak figure in 2022 and is expected to retain growth in years to come.

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

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

Source: IndexBox Platform