Ukraine: Flat-Rolled Steel Products Market 2025

Flat-Rolled Steel Products Market Size in Ukraine

The Ukrainian flat-rolled steel products market soared to $X in 2021, jumping by 17% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption saw a relatively flat trend pattern. Flat-rolled steel products consumption peaked at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Flat-Rolled Steel Products Exports

Exports from Ukraine

Flat-rolled steel products exports from Ukraine contracted notably to X tons in 2021, which is down by -36.9% compared with the previous year's figure. Overall, exports recorded a dramatic slump. The most prominent rate of growth was recorded in 2014 when exports increased by 110% against the previous year. As a result, the exports attained the peak of X tons. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, flat-rolled steel products exports fell dramatically to $X in 2021. Over the period under review, exports recorded a sharp setback. The pace of growth was the most pronounced in 2014 when exports increased by 133% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Indonesia (X tons) was the main destination for flat-rolled steel products exports from Ukraine, accounting for a 73% share of total exports. Moreover, flat-rolled steel products exports to Indonesia exceeded the volume sent to the second major destination, Italy (X tons), sevenfold. The third position in this ranking was taken by Armenia (X tons), with a 9.2% share.

From 2012 to 2021, the average annual growth rate of volume to Indonesia stood at -17.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+75.5% per year) and Armenia (+4.6% per year).

In value terms, Indonesia ($X) remains the key foreign market for flat-rolled products of iron or non-alloy steel exports from Ukraine, comprising 64% of total exports. The second position in the ranking was taken by Italy ($X), with a 14% share of total exports. It was followed by Armenia, with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Indonesia totaled -16.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+80.8% per year) and Armenia (+5.4% per year).

Export Prices by Country

In 2021, the average flat-rolled steel products export price amounted to $X per ton, increasing by 4.1% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.9%. The pace of growth was the most pronounced in 2013 an increase of 13%. The export price peaked in 2021 and is likely to see gradual growth in the near future.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Armenia ($X per ton), while the average price for exports to Ethiopia ($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 (+3.1%), while the prices for the other major destinations experienced more modest paces of growth.

Flat-Rolled Steel Products Imports

Imports into Ukraine

In 2021, approx. X tons of flat-rolled products of iron or non-alloy steel were imported into Ukraine; increasing by 3.4% against the previous year. In general, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2019 when imports increased by 25% against the previous year. Over the period under review, imports attained the maximum at X tons in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, flat-rolled steel products imports surged to $X in 2021. Overall, imports, however, recorded a noticeable slump. Imports peaked at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

Slovakia (X tons), Serbia (X tons) and Kazakhstan (X tons) were the main suppliers of flat-rolled steel products imports to Ukraine, with a combined 62% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Serbia (with a CAGR of +142.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest flat-rolled steel products suppliers to Ukraine were Slovakia ($X), Serbia ($X) and Kazakhstan ($X), together comprising 61% of total imports.

Serbia, with a CAGR of +134.8%, 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 mixed trend patterns.

Import Prices by Country

The average flat-rolled steel products import price stood at $X per ton in 2021, picking up by 18% against the previous year. In general, the import price, however, recorded a mild slump. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were China ($X per ton) and Germany ($X per ton), while the price for Turkey ($X per ton) and Russia ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+0.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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