Report Ukraine - Iron and Steel - Market Analysis, Forecast, Size, Trends and Insights for 499$
Latest Report Update: Dec 9, 2022

Ukraine - Iron and Steel - Market Analysis, Forecast, Size, Trends and Insights

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Ukraine: Iron And Steel Market 2022

Iron And Steel Market Size in Ukraine

In 2021, the Ukrainian iron and steel market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. Overall, consumption, however, continues to indicate a abrupt descent. The pace of growth was the most pronounced in 2018 when the market value increased by 4.8% against the previous year. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Iron And Steel Production in Ukraine

In value terms, iron and steel production rose modestly to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a deep setback. The pace of growth appeared the most rapid in 2017 with an increase of 24% against the previous year. Iron and steel production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Iron And Steel Exports

Exports from Ukraine

In 2021, exports of iron and steel from Ukraine expanded modestly to X tons, growing by 3.5% against the year before. Over the period under review, total exports indicated a buoyant expansion from 2012 to 2021: its volume increased at an average annual rate of +5.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +47.5% against 2015 indices. The pace of growth was the most pronounced in 2018 with an increase of 28%. The exports peaked in 2021 and are likely to continue growth in years to come.

In value terms, iron and steel exports skyrocketed to $X in 2021. In general, exports posted a prominent increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X tons), Italy (X tons) and Turkey (X tons) were the main destinations of iron and steel exports from Ukraine, together accounting for 50% of total exports. China, the United Arab Emirates and Spain lagged somewhat behind, together comprising a further 50%. Moreover, iron and steel exports in the United States exceeded the figures recorded by the second-largest exporter, Italy, twofold.

From 2012 to 2022, the biggest increases were in Spain (with a CAGR of +12.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for iron and steel exported from Ukraine were the United States ($X), Italy ($X) and Turkey ($X), together comprising 50% of total exports. China, the United Arab Emirates and Spain lagged somewhat behind, together comprising a further 50%. Moreover, iron and steel exports in the United States exceeded the figures recorded by the second-largest exporter, Italy, twofold.

In terms of the main countries of destination, Spain, with a CAGR of +18.0%, 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

The average iron and steel export price stood at less than $X per ton in 2022, falling by 99.9% against the previous year. In general, the export price, however, enjoyed a measured increase. The growth pace was the most rapid in 2021 when the average export price increased by 65%. As a result, the export price attained the peak level of $X per ton, and then declined significantly in the following year.

Prices varied noticeably country of destination: the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to China ($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 Spain (+4.6%), while the prices for the other major destinations experienced more modest paces of growth.

Iron And Steel Imports

Imports into Ukraine

In 2021, supplies from abroad of iron and steel increased by 14% to X tons for the first time since 2017, thus ending a three-year declining trend. Over the period under review, imports, however, showed a sharp descent. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, iron and steel imports skyrocketed to $X in 2021. Overall, imports, however, recorded a dramatic contraction. The pace of growth appeared the most rapid in 2017 with an increase of 63% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

Russia (X tons), Germany (X tons) and Poland (X tons) were the main suppliers of iron and steel imports to Ukraine, with a combined 75% share of total imports. Moreover, iron and steel imports in Russia exceeded the figures recorded by the second-largest supplier, Germany, fourfold.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (with a CAGR of +102.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X), Germany ($X) and Poland ($X) constituted the largest iron and steel suppliers to Ukraine, together accounting for 75% of total imports.

Among the main suppliers, Germany, with a CAGR of +115.9%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average iron and steel import price stood at less than $X per ton in 2022, waning by 99.9% against the previous year. Overall, the import price, however, showed a buoyant expansion. The pace of growth appeared the most rapid in 2017 when the average import price increased by 45% against the previous year. The import price peaked at $X per ton in 2021, and then contracted notably in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, the country with the highest price was Germany ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+6.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Market Intelligence Platform

Base Year Historical Period Forecast Period Units
2022 2012-2022 2023-2030 US$, Tons

Frequently Asked Questions (FAQ) :

What are the largest markets for iron and steel in the world?
+
The country with the largest volume of iron and steel consumption was China, accounting for 55% of total volume. Moreover, iron and steel consumption in China exceeded the figures recorded by the second-largest consumer, Japan, more than tenfold. India ranked third in terms of total consumption with a 5.1% share.
What are the largest producers of iron and steel in the world?
+
China remains the largest iron and steel producing country worldwide, comprising approx. 55% of total volume. Moreover, iron and steel production in China exceeded the figures recorded by the second-largest producer, India, more than tenfold. The third position in this ranking was held by Japan, with a 5.1% share.
What are the leading suppliers of iron and steel to Ukraine?
+
In value terms, the largest iron and steel suppliers to Ukraine were Russia, Germany and Poland, together accounting for 75% of total imports.
What are the leading importers of iron and steel from Ukraine?
+
In value terms, the United States, Italy and Turkey were the largest markets for iron and steel exported from Ukraine worldwide, together comprising 50% of total exports. China, the United Arab Emirates and Spain lagged somewhat behind, together comprising a further 50%. Moreover, iron and steel exports in the United States exceeded the figures recorded by the second-largest exporter, Italy, twofold.
What is the average export price for iron and steel in Ukraine?
+
In 2022, the average iron and steel export price amounted to less than $0.1 per ton, declining by 99.9% against the previous year.
What is the average import price for iron and steel in Ukraine?
+
In 2022, the average iron and steel import price amounted to less than $0.1 per ton, which is down by 99.9% against the previous year.

This report provides an in-depth analysis of the iron and steel market in Ukraine. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.


Product coverage:
Country coverage:
• Ukraine

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Ukraine
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
REPORT DESCRIPTION
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2012–2022
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2012–2022
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2022
Table 2:
Market Volume, In Physical Terms, 2012–2022
Table 3:
Market Value, 2012–2022
Table 4:
Per Capita Consumption In 2007-2022
Table 5:
Imports, In Physical Terms, By Country, 2012–2022
Table 6:
Imports, In Value Terms, By Country, 2012–2022
Table 7:
Import Prices, By Country Of Origin, 2012–2022
Table 8:
Exports, In Physical Terms, By Country, 2012–2022
Table 9:
Exports, In Value Terms, By Country, 2012–2022
Table 10:
Export Prices, By Country Of Destination, 2012–2022
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2022
Figure 2:
Market Value, 2012–2022
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007-2022
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007-2022
Figure 5:
Trade Balance, In Physical Terms, 2007-2022
Figure 6:
Trade Balance, In Value Terms, 2007-2022
Figure 7:
Per Capita Consumption, 2007-2022
Figure 8:
Market Forecast To 2030
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2012–2022
Figure 21:
Production, In Value Terms, 2012–2022
Figure 22:
Imports, In Physical Terms, 2012–2022
Figure 23:
Imports, In Value Terms, 2012–2022
Figure 24:
Imports, In Physical Terms, By Country, 2022
Figure 25:
Imports, In Physical Terms, By Country, 2012–2022
Figure 26:
Imports, In Value Terms, By Country, 2012–2022
Figure 27:
Import Prices, By Country Of Origin, 2012–2022
Figure 28:
Exports, In Physical Terms, 2012–2022
Figure 29:
Exports, In Value Terms, 2012–2022
Figure 30:
Exports, In Physical Terms, By Country, 2022
Figure 31:
Exports, In Physical Terms, By Country, 2012–2022
Figure 32:
Exports, In Value Terms, By Country, 2012–2022
Figure 33:
Export Prices, By Country Of Destination, 2012–2022
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