Ukraine: Market for Hot-Rolled Bars Of Silico-Manganese Steel 2024

Market Size for Hot-Rolled Bars Of Silico-Manganese Steel in Ukraine

In 2021, the Ukrainian hot-rolled silico-manganese steel bar market decreased by -14.8% to $X, falling for the second consecutive year after three years of growth. Overall, consumption saw a deep slump. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Exports of Hot-Rolled Bars Of Silico-Manganese Steel

Exports from Ukraine

In 2021, overseas shipments of hot-rolled bars of silico-manganese steel decreased by -32.8% to X tons, falling for the third consecutive year after three years of growth. Overall, exports continue to indicate a sharp setback. The most prominent rate of growth was recorded in 2016 with an increase of 54%. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, hot-rolled silico-manganese steel bar exports totaled $X in 2021. Over the period under review, exports recorded a precipitous decrease. The growth pace was the most rapid in 2018 with an increase of 59% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

Moldova (X tons) was the main destination for hot-rolled silico-manganese steel bar exports from Ukraine, with a 93% share of total exports. Moreover, hot-rolled silico-manganese steel bar exports to Moldova exceeded the volume sent to the second major destination, Belarus (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume to Moldova stood at -4.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belarus (-5.8% per year) and Russia (-69.3% per year).

In value terms, Moldova ($X) remains the key foreign market for hot-rolled bars of silico-manganese steel exports from Ukraine, comprising 92% of total exports. The second position in the ranking was held by Belarus ($X), with a 7.9% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Moldova totaled -3.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belarus (-3.9% per year) and Russia (-68.6% per year).

Export Prices by Country

The average hot-rolled silico-manganese steel bar export price stood at $X per ton in 2021, growing by 56% against the previous year. Overall, export price indicated mild growth from 2012 to 2021: its price increased at an average annual rate of +1.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Belarus ($X per ton), while the average price for exports to Russia ($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 Russia (+2.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Hot-Rolled Bars Of Silico-Manganese Steel

Imports into Ukraine

In 2021, overseas purchases of hot-rolled bars of silico-manganese steel decreased by -31.6% to X tons, falling for the second year in a row after four years of growth. Overall, imports saw a abrupt downturn. The growth pace was the most rapid in 2017 with an increase of 163% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, hot-rolled silico-manganese steel bar imports shrank to $X in 2021. Over the period under review, imports faced a abrupt curtailment. The most prominent rate of growth was recorded in 2017 when imports increased by 203%. Imports peaked at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

Russia (X tons), Belarus (X tons) and Turkey (X tons) were the main suppliers of hot-rolled silico-manganese steel bar imports to Ukraine, together comprising 92% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +74.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X) constituted the largest supplier of hot-rolled bars of silico-manganese steel to Ukraine, comprising 59% of total imports. The second position in the ranking was taken by Belarus ($X), with a 21% share of total imports. It was followed by Turkey, with an 11% share.

From 2012 to 2021, the average annual growth rate of value from Russia was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Belarus (+30.8% per year) and Turkey (+64.8% per year).

Import Prices by Country

In 2021, the average hot-rolled silico-manganese steel bar import price amounted to $X per ton, increasing by 37% against the previous year. Overall, the import price, however, continues to indicate a slight descent. Over the period under review, average import prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat 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 Russia ($X per ton), while the price for Belarus ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (-3.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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