Ukraine: Stranded Wire Market 2024

Stranded Wire Market Size in Ukraine

In 2022, the Ukrainian stranded wire market decreased by X% to $X, falling for the third consecutive year after three years of growth. In general, consumption saw a abrupt descent. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Stranded Wire Production in Ukraine

In value terms, stranded wire production fell slightly to $X in 2022 estimated in export price. Overall, production continues to indicate a deep contraction. The growth pace was the most rapid in 2018 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Stranded Wire Exports

Exports from Ukraine

After two years of growth, overseas shipments of stranded wire, ropes and cables decreased by X% to X tons in 2022. Overall, exports, however, enjoyed a slight increase. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, the exports reached the peak of X tons, and then shrank in the following year.

In value terms, stranded wire exports contracted slightly to $X in 2022. In general, exports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when exports increased by X%. Over the period under review, the exports attained the maximum at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Hungary (X tons), Finland (X tons) and Romania (X tons) were the main destinations of stranded wire exports from Ukraine, together comprising X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Finland (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for stranded wire exported from Ukraine were Finland ($X), Hungary ($X) and Romania ($X), with a combined X% share of total exports.

Romania, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average stranded wire export price stood at $X per ton in 2022, growing by X% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average export price increased by X%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

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

Stranded Wire Imports

Imports into Ukraine

In 2022, approx. X tons of stranded wire, ropes and cables were imported into Ukraine; with a decrease of X% against the previous year's figure. In general, imports faced a deep setback. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, stranded wire imports declined significantly to $X in 2022. Over the period under review, imports recorded a abrupt decline. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

Hungary (X tons), Slovakia (X tons) and Malaysia (X tons) were the main suppliers of stranded wire imports to Ukraine, together accounting for X% of total imports. Belarus, Turkey, Poland, China and Russia lagged somewhat behind, together comprising a further X%.

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

In value terms, the largest stranded wire suppliers to Ukraine were Slovakia ($X), Malaysia ($X) and Hungary ($X), with a combined X% share of total imports. Turkey, China, Belarus, Poland and Russia lagged somewhat behind, together accounting for a further X%.

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

Import Prices by Country

In 2022, the average stranded wire import price amounted to $X per ton, rising by X% against the previous year. Over the period under review, import price indicated prominent 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, stranded wire import price increased by X% against 2017 indices. The most prominent rate of growth was recorded in 2013 when the average import price increased by X% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.

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

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

Source: IndexBox Platform

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