Ukraine: Pig Iron Articles Market 2024

Pig Iron Articles Market Size in Ukraine

The Ukrainian pig iron articles market amounted to $X in 2021, picking up by 2.4% against the previous year. Overall, consumption, however, faced a abrupt curtailment. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Pig Iron Articles Production in Ukraine

In value terms, pig iron articles production shrank slightly to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a deep reduction. The pace of growth appeared the most rapid in 2016 with an increase of 121% against the previous year. Pig iron articles production peaked at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

Pig Iron Articles Exports

Exports from Ukraine

In 2021, overseas shipments of granules and powders of pig iron were finally on the rise to reach X tons for the first time since 2016, thus ending a four-year declining trend. In general, exports, however, faced a abrupt shrinkage. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, pig iron articles exports skyrocketed to $X in 2021. Over the period under review, exports, however, continue to indicate a abrupt decline. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Poland (X tons), the Czech Republic (X tons) and Belarus (X tons) were the main destinations of pig iron articles exports from Ukraine, with a combined 63% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Czech Republic (with a CAGR of +17.2%), while the other leaders experienced more modest paces of growth.

In value terms, the Czech Republic ($X), Poland ($X) and Belarus ($X) were the largest markets for pig iron articles exported from Ukraine worldwide, with a combined 62% share of total exports.

The Czech Republic, with a CAGR of +15.7%, recorded the highest growth rate of the value of exports, among 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

The average pig iron articles export price stood at $X per ton in 2021, with an increase of 32% against the previous year. Over the period under review, the export price, however, recorded a noticeable downturn. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($X per ton), while the average price for exports to Slovakia ($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 India (+9.0%), while the prices for the other major destinations experienced more modest paces of growth.

Pig Iron Articles Imports

Imports into Ukraine

In 2021, pig iron articles imports into Ukraine skyrocketed to X tons, jumping by 21% on the previous year. Over the period under review, imports, however, showed a abrupt descent. The growth pace was the most rapid in 2017 when imports increased by 142% against the previous year. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, pig iron articles imports skyrocketed to $X in 2021. In general, imports, however, showed a abrupt slump. The pace of growth appeared the most rapid in 2017 when imports increased by 78%. Imports peaked at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Russia (X tons) constituted the largest supplier of pig iron articles to Ukraine, accounting for a 57% share of total imports. Moreover, pig iron articles imports from Russia exceeded the figures recorded by the second-largest supplier, Romania (X tons), twofold. The third position in this ranking was held by Sweden (X tons), with a 5.5% share.

From 2012 to 2021, the average annual growth rate of volume from Russia stood at -13.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Romania (+71.0% per year) and Sweden (+3.2% per year).

In value terms, Russia ($X) constituted the largest supplier of granules and powders of pig iron to Ukraine, comprising 42% of total imports. The second position in the ranking was taken by Romania ($X), with an 18% share of total imports. It was followed by Sweden, with a 5.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Russia stood at -11.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Romania (+63.9% per year) and Sweden (-0.0% per year).

Import Prices by Country

The average pig iron articles import price stood at $X per ton in 2021, with an increase of 1.6% against the previous year. Overall, import price indicated a buoyant expansion from 2012 to 2021: its price increased at an average annual rate of +5.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, pig iron articles import price decreased by -12.1% against 2016 indices. The pace of growth was the most pronounced in 2016 an increase of 53% against the previous year. As a result, import price attained the peak level of $X per ton. From 2017 to 2021, the average import prices failed to regain momentum.

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 Sweden ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belarus (+5.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform