Ukraine: Carbides Market 2024

Carbides Market Size in Ukraine

In 2022, the Ukrainian carbides market decreased by -5.2% to $X, falling for the second consecutive year after four years of growth. Overall, the total consumption indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -22.0% against 2020 indices. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Carbides Production in Ukraine

In value terms, carbides production rose to $X in 2022 estimated in export price. Over the period under review, production, however, posted buoyant growth. The most prominent rate of growth was recorded in 2018 with an increase of 42%. Carbides production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Carbides Exports

Exports from Ukraine

Carbides exports from Ukraine shrank markedly to X tons in 2022, with a decrease of -16.9% compared with the previous year. Overall, exports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by 143%. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, carbides exports soared to $X in 2022. Over the period under review, exports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by 174% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in years to come.

Exports by Country

Germany (X tons), the Czech Republic (X tons) and Poland (X tons) were the main destinations of carbides exports from Ukraine, together accounting for 68% of total exports.

From 2012 to 2022, the biggest increases were recorded for Germany (with a CAGR of +29.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for carbides exported from Ukraine were Germany ($X), the Czech Republic ($X) and Poland ($X), with a combined 67% share of total exports.

Among the main countries of destination, Poland, with a CAGR of +22.3%, saw the highest rates of growth with regard to 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 carbides export price amounted to $X per ton, with an increase of 41% against the previous year. Overall, the export price recorded a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Hungary ($X per ton) and Italy ($X per ton), while the average price for exports to Moldova ($X per ton) and Russia ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+9.6%), while the prices for the other major destinations experienced more modest paces of growth.

Carbides Imports

Imports into Ukraine

In 2022, the amount of carbides imported into Ukraine shrank notably to X tons, declining by -77.3% against 2021 figures. In general, imports continue to indicate a abrupt decline. The pace of growth appeared the most rapid in 2021 when imports increased by 46% against the previous year. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, carbides imports plummeted to $X in 2022. Over the period under review, imports continue to indicate a abrupt setback. The growth pace was the most rapid in 2021 when imports increased by 53%. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Slovakia (X tons) constituted the largest supplier of carbides to Ukraine, with a 79% share of total imports. Moreover, carbides imports from Slovakia exceeded the figures recorded by the second-largest supplier, Kazakhstan (X tons), fivefold. The third position in this ranking was taken by Italy (X tons), with a 3.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Slovakia amounted to -5.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Kazakhstan (-15.3% per year) and Italy (+50.6% per year).

In value terms, Slovakia ($X) constituted the largest supplier of carbides to Ukraine, comprising 75% of total imports. The second position in the ranking was taken by Kazakhstan ($X), with a 12% share of total imports. It was followed by Italy, with a 4.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Slovakia amounted to -3.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Kazakhstan (-14.1% per year) and Italy (+44.4% per year).

Import Prices by Country

In 2022, the average carbides import price amounted to $X per ton, jumping by 44% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $X per ton in 2012; afterwards, it flattened through to 2022.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per ton), while the price for Kazakhstan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+3.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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