Ukraine: Copper Screw Market 2024

Copper Screw Market Size in Ukraine

The Ukrainian copper screw market rose notably to $X in 2021, with an increase of 9.5% against the previous year. Overall, consumption, however, recorded a slight decline. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market remained at a somewhat lower figure.

Copper Screw Production in Ukraine

In value terms, copper screw production fell modestly to $X in 2021 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 46% against the previous year. Copper screw production peaked at $X in 2020, and then fell modestly in the following year.

Copper Screw Exports

Exports from Ukraine

Copper screw exports from Ukraine declined markedly to X tons in 2021, waning by -20.4% on the previous year's figure. Overall, exports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when exports increased by 467%. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, copper screw exports dropped to $X in 2021. In general, exports showed a slight shrinkage. The pace of growth was the most pronounced in 2015 when exports increased by 481%. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

Turkey (X tons) was the main destination for copper screw exports from Ukraine, with a 72% share of total exports. Moreover, copper screw exports to Turkey exceeded the volume sent to the second major destination, Russia (X tons), fourfold.

From 2012 to 2021, the average annual growth rate of volume to Turkey totaled +36.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (-16.5% per year) and Hungary (+12.1% per year).

In value terms, Turkey ($X) remains the key foreign market for copper screws, bolts and nuts exports from Ukraine, comprising 50% of total exports. The second position in the ranking was held by Russia ($X), with a 19% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Turkey totaled +39.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (-18.0% per year) and Hungary (+529.9% per year).

Export Prices by Country

The average copper screw export price stood at $X per ton in 2021, surging by 8.8% against the previous year. Over the period under review, the export price, however, continues to indicate a mild reduction. The pace of growth was the most pronounced in 2013 when the average export price increased by 55%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Hungary ($X per ton), while the average price for exports to Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Hungary (+12.1%), while the prices for the other major destinations experienced mixed trend patterns.

Copper Screw Imports

Imports into Ukraine

In 2021, the amount of copper screws, bolts and nuts imported into Ukraine expanded remarkably to X tons, increasing by 5.4% compared with 2020. In general, imports saw a resilient increase. The most prominent rate of growth was recorded in 2018 when imports increased by 198%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the near future.

In value terms, copper screw imports expanded notably to $X in 2021. Overall, imports posted resilient growth. The pace of growth was the most pronounced in 2018 when imports increased by 286% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest copper screw supplier to Ukraine, accounting for a 68% share of total imports. Moreover, copper screw imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X tons), eightfold. The third position in this ranking was taken by Russia (X tons), with a 5.6% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +7.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+24.8% per year) and Russia (+41.9% per year).

In value terms, China ($X) constituted the largest supplier of copper screws, bolts and nuts to Ukraine, comprising 63% of total imports. The second position in the ranking was held by Turkey ($X), with a 5.6% share of total imports. It was followed by Italy, with a 5.5% share.

From 2012 to 2021, the average annual growth rate of value from China amounted to +11.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+31.2% per year) and Italy (+1.3% per year).

Import Prices by Country

The average copper screw import price stood at $X per ton in 2021, remaining stable against the previous year. In general, the import price saw a notable increase. The most prominent rate of growth was recorded in 2015 an increase of 34% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+6.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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