Ukraine: Market for Flat-Rolled Products Of Silicon-Electrical Steel 2022

Market Size for Flat-Rolled Products Of Silicon-Electrical Steel in Ukraine

In 2021, the Ukrainian silicon-electrical steel flat-rolled product market was finally on the rise to reach $X for the first time since 2016, thus ending a four-year declining trend. Over the period under review, consumption, however, faced a abrupt descent. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Exports of Flat-Rolled Products Of Silicon-Electrical Steel

Exports from Ukraine

In 2021, overseas shipments of flat-rolled products of silicon-electrical steel increased by X% to X tons, rising for the fourth year in a row after three years of decline. Overall, exports, however, saw a noticeable curtailment. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, silicon-electrical steel flat-rolled product exports declined modestly to $X in 2021. Over the period under review, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X, and then fell in the following year.

Exports by Country

India (X tons), Turkey (X tons) and Georgia (X tons) were the main destinations of silicon-electrical steel flat-rolled product exports from Ukraine, together accounting for X% of total exports.

From 2012 to 2021, the biggest increases were in Turkey (with a CAGR of +X%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Turkey ($X), India ($X) and Georgia ($X) appeared to be the largest markets for silicon-electrical steel flat-rolled product exported from Ukraine worldwide, with a combined X% share of total exports.

Among the main countries of destination, Turkey, with a CAGR of +X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average silicon-electrical steel flat-rolled product export price stood at $X per ton in 2021, dropping by -X% against the previous year. In general, export price indicated a pronounced increase from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, silicon-electrical steel flat-rolled product export price increased by +X% against 2019 indices. The most prominent rate of growth was recorded in 2020 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton, and then fell in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Flat-Rolled Products Of Silicon-Electrical Steel

Imports into Ukraine

In 2021, overseas purchases of flat-rolled products of silicon-electrical steel increased by X% to X tons for the first time since 2016, thus ending a four-year declining trend. Overall, imports, however, continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2016 when imports increased by X%. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, silicon-electrical steel flat-rolled product imports surged to $X in 2021. Over the period under review, imports, however, saw a deep reduction. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Russia (X tons) constituted the largest supplier of silicon-electrical steel flat-rolled product to Ukraine, accounting for a X% share of total imports. Moreover, silicon-electrical steel flat-rolled product imports from Russia exceeded the figures recorded by the second-largest supplier, South Korea (X tons), more than tenfold. The third position in this ranking was occupied by Poland (X tons), with a X% share.

From 2012 to 2021, the average annual growth rate of volume from Russia totaled -X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+X% per year) and Poland (-X% per year).

In value terms, Russia ($X) constituted the largest supplier of silicon-electrical steel flat-rolled product to Ukraine, comprising X% of total imports. The second position in the ranking was occupied by South Korea ($X), with a X% share of total imports. It was followed by Poland, with a X% share.

From 2012 to 2021, the average annual growth rate of value from Russia amounted to -X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (-X% per year) and Poland (-X% per year).

Import Prices by Country

In 2021, the average silicon-electrical steel flat-rolled product import price amounted to $X per ton, jumping by X% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $X per ton in 2012; afterwards, it flattened through to 2021.

Prices varied noticeably by the country of origin: the country with the highest price was Poland ($X per ton), while the price for the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (+X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform