Report Update Apr 1, 2024

Ukraine - Wire Rod of Free-Cutting Steel - Market Analysis, Forecast, Size, Trends and Insights

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Ukraine: Market for Wire Rod Of Free-Cutting Steel 2024

Market Size for Wire Rod Of Free-Cutting Steel in Ukraine

In 2022, after three years of growth, there was decline in the Ukrainian free-cutting steel wire rod market, when its value decreased by X% to $X. Overall, consumption, however, continues to indicate a significant expansion. Free-cutting steel wire rod consumption peaked at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Production of Wire Rod Of Free-Cutting Steel in Ukraine

In value terms, free-cutting steel wire rod production declined slightly to $X in 2022 estimated in export price. Overall, production saw a pronounced decline. The pace of growth appeared the most rapid in 2019 when the production volume increased by X% against the previous year. Free-cutting steel wire rod production peaked at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

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Exports of Wire Rod Of Free-Cutting Steel

Exports from Ukraine

For the fifth year in a row, Ukraine recorded decline in overseas shipments of wire rod of free-cutting steel, which decreased by X% to X tons in 2022. Over the period under review, exports faced a dramatic decrease. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, free-cutting steel wire rod exports rose markedly to $X in 2022. Overall, exports showed a dramatic descent. The pace of growth was the most pronounced in 2017 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

Egypt (X tons), Ghana (X tons) and Nigeria (X tons) were the main destinations of free-cutting steel wire rod exports from Ukraine, together comprising X% of total exports. Senegal, Jordan and Ethiopia lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Ethiopia (with a CAGR of X%), while shipments for the other leaders experienced a decline.

In value terms, the largest markets for free-cutting steel wire rod exported from Ukraine were Egypt ($X), Senegal ($X) and Ghana ($X), with a combined X% share of total exports. Nigeria, Jordan and Ethiopia lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, Ethiopia, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average free-cutting steel wire rod export price stood at $X per ton in 2022, with an increase of X% against the previous year. Overall, the export price, however, showed a perceptible shrinkage. The pace of growth was the most pronounced in 2019 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 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

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 Senegal (X%), while the prices for the other major destinations experienced a decline.

Imports of Wire Rod Of Free-Cutting Steel

Imports into Ukraine

In 2021, purchases abroad of wire rod of free-cutting steel decreased by X% to X tons, falling for the second year in a row after three years of decline. Overall, imports, however, posted a significant expansion. Imports peaked at X tons in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

In value terms, free-cutting steel wire rod imports shrank notably to $X in 2021. In general, imports, however, continue to indicate prominent growth. The smallest decline of X% was in 2017. Imports peaked at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, the United States (X tons) was the main free-cutting steel wire rod supplier to Ukraine, accounting for a approx. X% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from the United States was relatively modest.

In value terms, the United States ($X) constituted the largest supplier of wire rod of free-cutting steel to Ukraine.

From 2012 to 2021, the average annual growth rate of value from the United States was relatively modest.

Import Prices by Country

The average free-cutting steel wire rod import price stood at $X per ton in 2021, which is down by X% against the previous year. In general, the import price saw a perceptible reduction. The pace of growth appeared the most rapid in 2017 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2019; however, from 2020 to 2021, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for the United States.

From 2012 to 2021, the rate of growth in terms of prices for Russia amounted to X% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for wire rod of free-cutting steel in the world?

The countries with the highest volumes of consumption in 2023 were Spain, the UK and Italy, with a combined 45% share of global consumption. Ukraine, the Dominican Republic, Turkey, Japan, France, the United States, Canada, Russia, Germany and Taiwan Chinese) lagged somewhat behind, together comprising a further 30%.

What are the largest producers of wire rod of free-cutting steel in the world?

The countries with the highest volumes of production in 2022 were Spain, the UK and France, together accounting for 52% of global production. Switzerland, Japan, Ukraine, Germany, Russia, Trinidad and Tobago, the Netherlands, Luxembourg and Algeria lagged somewhat behind, together comprising a further 36%.

What are the leading suppliers of wire rod of free-cutting steel to Ukraine?

In value terms, the United States constituted the largest supplier of wire rod of free-cutting steel to Ukraine.

What are the leading importers of wire rod of free-cutting steel from Ukraine?

In value terms, Egypt, Senegal and Ghana appeared to be the largest markets for free-cutting steel wire rod exported from Ukraine worldwide, together accounting for 69% of total exports. Nigeria, Jordan and Ethiopia lagged somewhat behind, together comprising a further 31%.

What is the average export price for wire rod of free-cutting steel in Ukraine?

In 2022, the average free-cutting steel wire rod export price amounted to $571 per ton, picking up by 12% against the previous year.

What is the average import price for wire rod of free-cutting steel in Ukraine?

The average free-cutting steel wire rod import price stood at $1,876 per ton in 2021, declining by -20.3% against the previous year.

This report provides an in-depth analysis of the market for free-cutting steel wire rod 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:

Prodcom 24106120 - Wire rod of free-cutting steel

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:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
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. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023