Ukraine: Market for Iron or Steel Hot-Worked Helical Springs 2024

Market Size for Iron or Steel Hot-Worked Helical Springs in Ukraine

The Ukrainian metal hot-worked helical spring market surged to $X in 2021, picking up by 16% against the previous year. In general, consumption, however, continues to indicate a abrupt downturn. 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.

Production of Iron or Steel Hot-Worked Helical Springs in Ukraine

In value terms, metal hot-worked helical spring production totaled $X in 2021 estimated in export price. In general, production recorded a deep slump. The pace of growth was the most pronounced in 2016 with an increase of 108% against the previous year. Metal hot-worked helical spring production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Exports of Iron or Steel Hot-Worked Helical Springs

Exports from Ukraine

In 2021, overseas shipments of iron or steel hot-worked helical springs were finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. In general, exports, however, continue to indicate a sharp decline. The growth pace was the most rapid in 2013 with an increase of 102%. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, metal hot-worked helical spring exports soared to $X in 2021. Overall, exports, however, saw a abrupt curtailment. Over the period under review, the exports attained the maximum at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Russia (X tons), Romania (X tons) and Georgia (X tons) were the main destinations of metal hot-worked helical spring exports from Ukraine, together comprising 58% of total exports. These countries were followed by Moldova, India, Belarus, Germany, Kazakhstan, Lithuania, Latvia, Poland and Hungary, which together accounted for a further 35%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Germany (with a CAGR of +22.1%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for metal hot-worked helical spring exported from Ukraine were India ($X), Russia ($X) and Hungary ($X), together accounting for 54% of total exports. Kazakhstan, Romania, Belarus, Germany, Latvia, Georgia, Poland, Moldova and Lithuania lagged somewhat behind, together accounting for a further 34%.

Among the main countries of destination, Latvia, with a CAGR of +17.4%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average metal hot-worked helical spring export price amounted to $X per ton, rising by 49% against the previous year. In general, the export price posted a strong increase. The pace of growth was the most pronounced in 2019 when the average export price increased by 90%. The export price peaked in 2021 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($X per ton), while the average price for exports to Georgia ($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 Latvia (+16.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Iron or Steel Hot-Worked Helical Springs

Imports into Ukraine

After two years of decline, supplies from abroad of iron or steel hot-worked helical springs increased by 27% to X tons in 2021. Overall, imports, however, faced a abrupt slump. The pace of growth appeared the most rapid in 2018 with an increase of 92%. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, metal hot-worked helical spring imports surged to $X in 2021. Over the period under review, imports, however, recorded a abrupt curtailment. The pace of growth appeared the most rapid in 2018 with an increase of 40% against the previous year. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), Poland (X tons) and Sweden (X tons) were the main suppliers of metal hot-worked helical spring imports to Ukraine, with a combined 65% share of total imports. These countries were followed by Russia, Germany, the Czech Republic, Slovakia and the Netherlands, which together accounted for a further 25%.

From 2012 to 2021, the biggest increases were recorded for Slovakia (with a CAGR of +32.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X), China ($X) and Poland ($X) were the largest metal hot-worked helical spring suppliers to Ukraine, together accounting for 55% of total imports. Germany, Russia, the Czech Republic, the Netherlands and Slovakia lagged somewhat behind, together accounting for a further 24%.

Among the main suppliers, Slovakia, with a CAGR of +33.3%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average metal hot-worked helical spring import price stood at $X per ton in 2021, with a decrease of -2.4% against the previous year. In general, import price indicated a strong expansion from 2012 to 2021: its price increased at an average annual rate of +7.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, metal hot-worked helical spring import price increased by +44.2% against 2018 indices. The growth pace was the most rapid in 2014 when the average import price increased by 62%. Over the period under review, average import prices attained the maximum at $X per ton in 2016; however, from 2017 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 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 Poland (+5.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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