Ukraine: Cold-Rolled Steel Products Market 2025

Cold-Rolled Steel Products Market Size in Ukraine

For the fifth year in a row, the Ukrainian cold-rolled steel products market recorded growth in sales value, which increased by 102% to $X in 2022. In general, consumption continues to indicate prominent growth. Cold-rolled steel products consumption peaked in 2022 and is expected to retain growth in the near future.

Cold-Rolled Steel Products Production in Ukraine

In value terms, cold-rolled steel products production fell to $X in 2022 estimated in export price. Over the period under review, production, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 38%. As a result, production reached the peak level of $X, and then fell in the following year.

Cold-Rolled Steel Products Exports

Exports from Ukraine

Cold-rolled steel products exports from Ukraine reduced remarkably to X tons in 2022, with a decrease of -66.7% on the previous year. Overall, exports showed a deep contraction. The pace of growth appeared the most rapid in 2017 with an increase of 18%. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, cold-rolled steel products exports shrank dramatically to $X in 2022. Over the period under review, exports recorded a abrupt setback. The pace of growth was the most pronounced in 2021 with an increase of 64%. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Poland (X tons), Bulgaria (X tons) and Russia (X tons) were the main destinations of cold-rolled steel products exports from Ukraine, together accounting for 41% of total exports. Egypt, Iraq, Ghana, Cote d'Ivoire, Turkey, Spain, Italy, Algeria, Cameroon and Greece lagged somewhat behind, together accounting for a further 40%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Spain (with a CAGR of +231.5%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for cold-rolled steel products exported from Ukraine were Poland ($X), Bulgaria ($X) and Russia ($X), with a combined 42% share of total exports. Egypt, Ghana, Italy, Cote d'Ivoire, Iraq, Turkey, Cameroon, Algeria, Spain and Greece lagged somewhat behind, together accounting for a further 37%.

Spain, with a CAGR of +216.7%, recorded the highest growth rate of the value of exports, in terms of 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

In 2022, the average cold-rolled steel products export price amounted to $X per ton, increasing by 5.5% against the previous year. In general, export price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cold-rolled steel products export price increased by +77.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of 68%. Over the period under review, the average export prices attained the maximum in 2022 and is expected to retain growth in years to come.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Italy ($X per ton) and Poland ($X per ton), while the average price for exports to Spain ($X per ton) and Iraq ($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 Algeria (+12.0%), while the prices for the other major destinations experienced more modest paces of growth.

Cold-Rolled Steel Products Imports

Imports into Ukraine

In 2022, purchases abroad of flat-rolled products of iron or steel (not further worked than cold-rolled) decreased by -24.8% to X tons, falling for the fourth year in a row after three years of growth. Overall, imports showed a abrupt contraction. The growth pace was the most rapid in 2016 when imports increased by 30% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, cold-rolled steel products imports reduced to $X in 2022. In general, imports saw a noticeable slump. The pace of growth appeared the most rapid in 2021 when imports increased by 30% against the previous year. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), Turkey (X tons) and Russia (X tons) were the main suppliers of cold-rolled steel products imports to Ukraine, with a combined 79% share of total imports.

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 +40.8%), while imports for the other leaders experienced mixed trend patterns.

In value terms, China ($X) constituted the largest supplier of flat-rolled products of iron or steel (not further worked than cold-rolled) to Ukraine, comprising 46% of total imports. The second position in the ranking was taken by Turkey ($X), with a 21% share of total imports. It was followed by Russia, with an 8.8% share.

From 2012 to 2022, the average annual growth rate of value from China totaled +26.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+37.3% per year) and Russia (-17.8% per year).

Import Prices by Country

In 2022, the average cold-rolled steel products import price amounted to $X per ton, picking up by 18% against the previous year. Overall, the import price showed a temperate expansion. The pace of growth appeared the most rapid in 2021 an increase of 55%. The import price peaked in 2022 and is expected to retain growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+8.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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