Ukraine: Market for Iron or Steel Flat Spiral or Discs Springs 2024

Market Size for Iron or Steel Flat Spiral or Discs Springs in Ukraine

The Ukrainian market for iron or steel flat spiral or discs springs soared to $X in 2021, increasing by 25% against the previous year. Over the period under review, the total consumption indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +7.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +39.7% against 2019 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Iron or Steel Flat Spiral or Discs Springs in Ukraine

In value terms, metal spiral or discs spring production rose notably to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a deep downturn. The most prominent rate of growth was recorded in 2016 with an increase of 17%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Exports of Iron or Steel Flat Spiral or Discs Springs

Exports from Ukraine

In 2021, overseas shipments of iron or steel flat spiral or discs springs were finally on the rise to reach X tons after three years of decline. Over the period under review, exports, however, showed a abrupt decline. The pace of growth was the most pronounced in 2013 with an increase of 56% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2021, the growth of the exports remained at a lower figure.

In value terms, metal spiral or discs spring exports expanded to $X in 2021. Overall, exports, however, recorded a drastic downturn. The pace of growth appeared the most rapid in 2017 when exports increased by 52%. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

Russia (X tons) was the main destination for metal spiral or discs spring exports from Ukraine, with a 57% share of total exports. Moreover, metal spiral or discs spring exports to Russia exceeded the volume sent to the second major destination, Lithuania (X tons), fivefold. Moldova (X tons) ranked third in terms of total exports with a 7.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Russia stood at -18.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lithuania (+65.7% per year) and Moldova (+19.8% per year).

In value terms, the largest markets for metal spiral or discs spring exported from Ukraine were Russia ($X), Belarus ($X) and Kazakhstan ($X), with a combined 51% share of total exports. These countries were followed by Lithuania, Moldova, Poland, Austria and Serbia, which together accounted for a further 10%.

Lithuania, with a CAGR of +40.9%, recorded the highest rates of growth with regard to 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

The average export price for iron or steel flat spiral or discs springs stood at $X per ton in 2021, reducing by -14.6% against the previous year. In general, the export price, however, showed a moderate increase. The most prominent rate of growth was recorded in 2015 an increase of 93%. Over the period under review, the average export prices reached the maximum at $X per ton in 2020, and then reduced in the following year.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Belarus ($X per ton), while the average price for exports to Lithuania ($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 Moldova (+0.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Iron or Steel Flat Spiral or Discs Springs

Imports into Ukraine

In 2021, imports of iron or steel flat spiral or discs springs into Ukraine soared to X tons, rising by 22% against the previous year. Over the period under review, imports saw a significant expansion. The most prominent rate of growth was recorded in 2013 when imports increased by 107% against the previous year. Imports peaked in 2021 and are likely to see gradual growth in years to come.

In value terms, metal spiral or discs spring imports surged to $X in 2021. Overall, total imports indicated a notable increase from 2012 to 2021: its value increased at an average annual rate of +4.0% 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 +33.8% against 2018 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Poland (X tons) constituted the largest supplier of metal spiral or discs spring to Ukraine, accounting for a 80% share of total imports. Moreover, metal spiral or discs spring imports from Poland exceeded the figures recorded by the second-largest supplier, Italy (X tons), more than tenfold. The third position in this ranking was held by China (X tons), with a 4.7% share.

From 2012 to 2021, the average annual growth rate of volume from Poland stood at +28.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+10.9% per year) and China (+33.2% per year).

In value terms, Poland ($X) constituted the largest supplier of iron or steel flat spiral or discs springs to Ukraine, comprising 35% of total imports. The second position in the ranking was taken by Germany ($X), with a 13% share of total imports. It was followed by China, with a 12% share.

From 2012 to 2021, the average annual growth rate of value from Poland amounted to +16.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-5.5% per year) and China (+25.5% per year).

Import Prices by Country

The average import price for iron or steel flat spiral or discs springs stood at $X per ton in 2021, jumping by 18% against the previous year. Over the period under review, the import price, however, recorded a deep downturn. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Germany ($X per ton), while the price for Belarus ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+2.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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