Ukraine: Market for Hot-Rolled Bars In Bearing Steels 2024

Market Size for Hot-Rolled Bars In Bearing Steels in Ukraine

The Ukrainian hot-rolled bearing steel bar market dropped notably to $X in 2022, shrinking by X% against the previous year. Overall, consumption showed a deep reduction. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Hot-Rolled Bars In Bearing Steels in Ukraine

In value terms, hot-rolled bearing steel bar production dropped to $X in 2022 estimated in export price. Over the period under review, production, however, faced a drastic downturn. The pace of growth appeared the most rapid in 2014 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2015 to 2022, production growth failed to regain momentum.

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Exports of Hot-Rolled Bars In Bearing Steels

Exports from Ukraine

In 2022, overseas shipments of hot-rolled bars in bearing steels decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, exports saw a significant curtailment. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, hot-rolled bearing steel bar exports shrank notably to $X in 2022. Over the period under review, exports recorded a dramatic setback. The growth pace was the most rapid in 2020 when exports increased by X% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Bulgaria (X tons) was the main destination for hot-rolled bearing steel bar exports from Ukraine, with a X% share of total exports. Moreover, hot-rolled bearing steel bar exports to Bulgaria exceeded the volume sent to the second major destination, Poland (X tons), more than tenfold. The third position in this ranking was held by Croatia (X tons), with a X% share.

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

In value terms, Bulgaria ($X) remains the key foreign market for hot-rolled bars in bearing steels exports from Ukraine, comprising X% of total exports. The second position in the ranking was taken by Poland ($X), with a X% share of total exports. It was followed by the Czech Republic, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Bulgaria was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (X% per year) and the Czech Republic (X% per year).

Export Prices by Country

In 2022, the average hot-rolled bearing steel bar export price amounted to $X per ton, growing by X% against the previous year. In general, the export price enjoyed a slight expansion. The pace of growth appeared the most rapid in 2018 when the average export price increased by X%. The export price peaked in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the Czech Republic ($X per ton), while the average price for exports to Croatia ($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 the Czech Republic (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Hot-Rolled Bars In Bearing Steels

Imports into Ukraine

In 2022, hot-rolled bearing steel bar imports into Ukraine dropped sharply to X tons, waning by X% compared with 2021 figures. In general, imports continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2016 when imports increased by X%. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, hot-rolled bearing steel bar imports declined dramatically to $X in 2022. Overall, imports continue to indicate a abrupt decline. The growth pace was the most rapid in 2017 with an increase of X%. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Russia (X tons), Germany (X tons) and Turkey (X tons) were the main suppliers of hot-rolled bearing steel bar imports to Ukraine, together accounting for X% of total imports. Poland, Bulgaria, China and Belarus lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Bulgaria (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Russia ($X) and Poland ($X) were the largest hot-rolled bearing steel bar suppliers to Ukraine, with a combined X% share of total imports. Turkey, China, Bulgaria and Belarus lagged somewhat behind, together comprising a further X%.

Bulgaria, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average hot-rolled bearing steel bar import price stood at $X per ton in 2022, jumping by X% against the previous year. Overall, the import price enjoyed a tangible expansion. 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 China ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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