Ukraine: Market for Iron Or Steel Solid Fuel Domestic Appliances 2024

Market Size for Iron Or Steel Solid Fuel Domestic Appliances in Ukraine

In 2022, the Ukrainian metal solid fuel appliances market increased by 42% to $X, rising for the sixth consecutive year after four years of decline. In general, consumption saw a resilient expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Iron Or Steel Solid Fuel Domestic Appliances in Ukraine

In value terms, metal solid fuel appliances production fell to $X in 2022 estimated in export price. In general, production recorded a abrupt descent. The growth pace was the most rapid in 2019 with an increase of 28%. Metal solid fuel appliances production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Iron Or Steel Solid Fuel Domestic Appliances

Exports from Ukraine

Metal solid fuel appliances exports from Ukraine declined significantly to X units in 2022, with a decrease of -25.5% against the year before. In general, exports, however, continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2021 when exports increased by 120% against the previous year. As a result, the exports reached the peak of X units, and then dropped sharply in the following year.

In value terms, metal solid fuel appliances exports dropped to $X in 2022. Over the period under review, exports, however, posted a prominent increase. The most prominent rate of growth was recorded in 2013 when exports increased by 147% against the previous year. Over the period under review, the exports hit record highs at $X in 2021, and then contracted in the following year.

Exports by Country

Moldova (X units), Romania (X units) and Estonia (X units) were the main destinations of metal solid fuel appliances exports from Ukraine, together comprising 77% of total exports. Germany, Bulgaria, the United States, Belarus, the Czech Republic and the Netherlands lagged somewhat behind, together comprising a further 20%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Bulgaria (with a CAGR of +38.9%), while the other leaders experienced more modest paces of growth.

In value terms, Romania ($X), Estonia ($X) and Bulgaria ($X) were the largest markets for metal solid fuel appliances exported from Ukraine worldwide, together accounting for 81% of total exports.

Romania, with a CAGR of +56.2%, 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

In 2022, the average metal solid fuel appliances export price amounted to $X per unit, surging by 19% against the previous year. Overall, the export price, however, recorded a pronounced curtailment. Over the period under review, the average export prices reached the peak figure at $X per unit in 2013; however, from 2014 to 2022, 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 Romania ($X per unit), while the average price for exports to Moldova ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+23.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Iron Or Steel Solid Fuel Domestic Appliances

Imports into Ukraine

In 2022, purchases abroad of iron or steel solid fuel domestic appliances increased by 63% to X units, rising for the sixth consecutive year after two years of decline. Overall, imports posted a resilient increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, metal solid fuel appliances imports skyrocketed to $X in 2022. In general, imports enjoyed a buoyant increase. The pace of growth was the most pronounced in 2017 when imports increased by 47%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

Imports by Country

Poland (X units), Serbia (X units) and Turkey (X units) were the main suppliers of metal solid fuel appliances imports to Ukraine, with a combined 74% share of total imports. China, Croatia, France, Belgium, Norway, Russia and Finland lagged somewhat behind, together comprising a further 21%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Croatia (with a CAGR of +97.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X) constituted the largest supplier of iron or steel solid fuel domestic appliances to Ukraine, comprising 42% of total imports. The second position in the ranking was held by Serbia ($X), with a 15% share of total imports. It was followed by Croatia, with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Poland stood at +19.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Serbia (+14.1% per year) and Croatia (+103.0% per year).

Import Prices by Country

In 2022, the average metal solid fuel appliances import price amounted to $X per unit, reducing by -11.4% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.2%. The growth pace was the most rapid in 2015 an increase of 22% against the previous year. Over the period under review, average import prices attained the maximum at $X per unit in 2021, and then declined in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Norway ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (+17.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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