Ukraine: Market for Iron or Steel Leaf-Springs and Leaves 2025

Market Size for Iron or Steel Leaf-Springs and Leaves in Ukraine

The Ukrainian iron or steel leaf-spring market shrank rapidly to $X in 2022, declining by -47.5% 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 recorded a abrupt slump. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

Exports of Iron or Steel Leaf-Springs and Leaves

Exports from Ukraine

In 2022, approx. X tons of iron or steel leaf-springs and leaves were exported from Ukraine; reducing by -39.2% against the previous year. Over the period under review, exports showed a precipitous contraction. The most prominent rate of growth was recorded in 2016 with an increase of 199% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, iron or steel leaf-spring exports shrank markedly to $X in 2022. In general, exports continue to indicate a dramatic shrinkage. The growth pace was the most rapid in 2019 when exports increased by 161%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Latvia (X tons) was the main destination for iron or steel leaf-spring exports from Ukraine, accounting for a 45% share of total exports. Moreover, iron or steel leaf-spring exports to Latvia exceeded the volume sent to the second major destination, Kazakhstan (X tons), threefold. Russia (X tons) ranked third in terms of total exports with a 13% share.

From 2012 to 2022, the average annual growth rate of volume to Latvia stood at +56.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kazakhstan (-23.0% per year) and Russia (-45.2% per year).

In value terms, Latvia ($X), Russia ($X) and Kazakhstan ($X) constituted the largest markets for iron or steel leaf-spring exported from Ukraine worldwide, with a combined 61% share of total exports.

Latvia, with a CAGR of +53.3%, recorded the highest rates of growth with regard to 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 iron or steel leaf-spring export price amounted to $X per ton, with an increase of 15% against the previous year. Overall, the export price continues to indicate a strong expansion. The most prominent rate of growth was recorded in 2018 when the average export price increased by 64% against the previous year. The export price peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Uzbekistan ($X per ton), while the average price for exports to Latvia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Azerbaijan (+29.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Iron or Steel Leaf-Springs and Leaves

Imports into Ukraine

In 2022, overseas purchases of iron or steel leaf-springs and leaves decreased by -56.9% to X tons, falling for the fourth year in a row after three years of growth. Overall, imports saw a deep reduction. The most prominent rate of growth was recorded in 2018 when imports increased by 25%. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, iron or steel leaf-spring imports contracted notably to $X in 2022. Over the period under review, imports continue to indicate a deep downturn. The pace of growth was the most pronounced in 2018 when imports increased by 23% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), Poland (X tons) and Turkey (X tons) were the main suppliers of iron or steel leaf-spring imports to Ukraine, with a combined 71% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of -1.7%), while purchases for the other leaders experienced a decline.

In value terms, the largest iron or steel leaf-spring suppliers to Ukraine were Poland ($X), China ($X) and Turkey ($X), together comprising 74% of total imports.

In terms of the main suppliers, Poland, with a CAGR of +8.1%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average iron or steel leaf-spring import price amounted to $X per ton, growing by 26% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.7%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: 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 2022, the most notable rate of growth in terms of prices was attained by Poland (+9.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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