Ukraine: Market for Iron Or Steel Parts Of Articulated Link Chain 2024

Market Size for Iron Or Steel Parts Of Articulated Link Chain in Ukraine

In 2021, after six years of decline, there was significant growth in the Ukrainian metal link chain parts market, when its value increased by 15% to $X. In general, consumption, however, faced a abrupt curtailment. Metal link chain parts consumption peaked at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Production of Iron Or Steel Parts Of Articulated Link Chain in Ukraine

In value terms, metal link chain parts production surged to $X in 2021 estimated in export price. In general, production, however, saw a deep contraction. Over the period under review, production reached the peak level at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

Exports of Iron Or Steel Parts Of Articulated Link Chain

Exports from Ukraine

In 2021, after two years of decline, there was significant growth in shipments abroad of iron or steel parts of articulated link chain, when their volume increased by 109% to X tons. In general, exports, however, showed a deep contraction. The pace of growth appeared the most rapid in 2015 with an increase of 4,015% against the previous year. As a result, the exports reached the peak of X tons. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, metal link chain parts exports soared to $X in 2021. Over the period under review, exports, however, showed a abrupt setback. The growth pace was the most rapid in 2015 with an increase of 368%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Turkey (X tons), Russia (X tons) and Latvia (X tons) were the main destinations of metal link chain parts exports from Ukraine, together accounting for 88% of total exports.

From 2012 to 2021, the biggest increases were recorded for Turkey (with a CAGR of +1,653.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X) remains the key foreign market for iron or steel parts of articulated link chain exports from Ukraine, comprising 47% of total exports. The second position in the ranking was held by Turkey ($X), with a 12% share of total exports. It was followed by Belarus, with a 9.6% share.

From 2012 to 2021, the average annual growth rate of value to Russia totaled -24.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (+2,214.6% per year) and Belarus (+30.8% per year).

Export Prices by Country

In 2021, the average metal link chain parts export price amounted to $X per ton, with an increase of 11% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 an increase of 271%. As a result, the export price reached the peak level of $X per ton. From 2015 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Turkey ($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 Turkey (+30.8%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Iron Or Steel Parts Of Articulated Link Chain

Imports into Ukraine

In 2021, the amount of iron or steel parts of articulated link chain imported into Ukraine fell to X tons, waning by -13.8% compared with the previous year's figure. Over the period under review, total imports indicated a modest expansion from 2012 to 2021: its volume increased at an average annual rate of +1.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +18.0% against 2019 indices. The growth pace was the most rapid in 2020 when imports increased by 37%. As a result, imports reached the peak of X tons, and then fell in the following year.

In value terms, metal link chain parts imports contracted slightly to $X in 2021. Overall, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 33%. Imports peaked at $X in 2020, and then declined modestly in the following year.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of metal link chain parts to Ukraine, accounting for a 81% share of total imports. Moreover, metal link chain parts imports from China exceeded the figures recorded by the second-largest supplier, Germany (X tons), more than tenfold. South Korea (X tons) ranked third in terms of total imports with a 4.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +1.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-4.1% per year) and South Korea (+50.7% per year).

In value terms, China ($X) constituted the largest supplier of iron or steel parts of articulated link chain to Ukraine, comprising 52% of total imports. The second position in the ranking was held by Germany ($X), with a 14% share of total imports. It was followed by Italy, with a 5.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +7.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-9.0% per year) and Italy (-2.9% per year).

Import Prices by Country

The average metal link chain parts import price stood at $X per ton in 2021, rising by 12% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the average import price increased by 37%. As a result, import price reached the peak level of $X per ton. From 2015 to 2021, the average import prices remained 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 the United States ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+5.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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