Ukraine: Market for Hot-Rolled Non-Alloy Steel Wire Rods 2024

Market Size for Hot-Rolled Non-Alloy Steel Wire Rods in Ukraine

The Ukrainian market for hot-rolled non-alloy steel wire rods surged to $X in 2022, increasing by X% against the previous year. In general, consumption recorded a resilient expansion. Hot-rolled non-alloy steel wire rod consumption peaked in 2022 and is expected to retain growth in the near future.

Production of Hot-Rolled Non-Alloy Steel Wire Rods in Ukraine

In value terms, hot-rolled non-alloy steel wire rod production declined slightly to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a noticeable reduction. The most prominent rate of growth was recorded in 2018 with an increase of X%. Hot-rolled non-alloy steel wire rod production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Hot-Rolled Non-Alloy Steel Wire Rods

Exports from Ukraine

In 2022, the amount of hot-rolled non-alloy steel wire rods exported from Ukraine reduced notably to X tons, with a decrease of X% on 2021 figures. In general, exports faced a abrupt slump. The most prominent rate of growth was recorded in 2021 with an increase of X%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, hot-rolled non-alloy steel wire rod exports reduced rapidly to $X in 2022. Overall, exports recorded a abrupt slump. The pace of growth appeared the most rapid in 2021 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Romania (X tons), Poland (X tons) and Ghana (X tons) were the main destinations of hot-rolled non-alloy steel wire rod exports from Ukraine, with a combined X% share of total exports. Lithuania, Benin, Bulgaria, Senegal, Germany, Burkina Faso, Cameroon, Israel and Jordan 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 Germany (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Romania ($X), Poland ($X) and Ghana ($X) were the largest markets for hot-rolled non-alloy steel wire rod exported from Ukraine worldwide, with a combined X% share of total exports. Lithuania, Senegal, Bulgaria, Benin, Germany, Cameroon, Burkina Faso, Israel and Jordan lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, Germany, 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 more modest paces of growth.

Export Prices by Country

In 2022, the average export price for hot-rolled non-alloy steel wire rods amounted to $X per ton, picking up by X% against the previous year. Over the period under review, export price indicated modest 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, hot-rolled non-alloy steel wire rod export price increased by X% against 2020 indices. The pace of growth was the most pronounced 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 likely to see gradual growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Senegal ($X per ton), while the average price for exports to Jordan ($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 Germany (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Hot-Rolled Non-Alloy Steel Wire Rods

Imports into Ukraine

In 2022, imports of hot-rolled non-alloy steel wire rods into Ukraine contracted markedly to X tons, waning by X% compared with the year before. In general, imports recorded a abrupt decrease. The most prominent rate of growth was recorded in 2017 when imports increased by X%. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, hot-rolled non-alloy steel wire rod imports contracted markedly to $X in 2022. Over the period under review, imports showed a drastic downturn. The pace of growth appeared the most rapid in 2017 when imports increased by X%. Imports peaked at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Moldova (X tons) constituted the largest supplier of hot-rolled non-alloy steel wire rod to Ukraine, accounting for a X% share of total imports. Moreover, hot-rolled non-alloy steel wire rod imports from Moldova exceeded the figures recorded by the second-largest supplier, Russia (X tons), threefold.

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

In value terms, Moldova ($X) constituted the largest supplier of hot-rolled non-alloy steel wire rods to Ukraine, comprising X% of total imports. The second position in the ranking was held by Russia ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Moldova amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (X% per year) and Belarus (X% per year).

Import Prices by Country

In 2022, the average import price for hot-rolled non-alloy steel wire rods amounted to $X per ton, increasing by X% against the previous year. Overall, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to see steady growth in the near future.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Belarus ($X per ton), while the price for Moldova ($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 mixed trend patterns.

Source: IndexBox Platform

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