Ukraine: Market for Tube Or Pipe Fittings (Of Iron Or Steel) 2024

Market Size for Tube Or Pipe Fittings (Of Iron Or Steel) in Ukraine

The Ukrainian market for tube or pipe fittings (of iron or steel) fell significantly to $X in 2022, waning by -29.5% against the previous year. Overall, consumption showed a relatively flat trend pattern. Iron or steel tube fitting consumption peaked at $X in 2021, and then shrank markedly in the following year.

Production of Tube Or Pipe Fittings (Of Iron Or Steel) in Ukraine

In value terms, iron or steel tube fitting production dropped to $X in 2022 estimated in export price. Over the period under review, production recorded a mild decrease. The most prominent rate of growth was recorded in 2018 when the production volume increased by 121% against the previous year. Iron or steel tube fitting production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Tube Or Pipe Fittings (Of Iron Or Steel)

Exports from Ukraine

In 2022, approx. X tons of tube or pipe fittings (of iron or steel) were exported from Ukraine; waning by -62.8% compared with the previous year's figure. Overall, exports faced a deep downturn. The most prominent rate of growth was recorded in 2020 with an increase of 34%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, iron or steel tube fitting exports reduced sharply to $X in 2022. In general, exports saw a abrupt curtailment. The pace of growth was the most pronounced in 2020 when exports increased by 67% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Poland (X tons) was the main destination for iron or steel tube fitting exports from Ukraine, accounting for a 46% share of total exports. Moreover, iron or steel tube fitting exports to Poland exceeded the volume sent to the second major destination, Moldova (X tons), fivefold. The third position in this ranking was taken by Switzerland (X tons), with a 6.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Poland stood at +22.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Moldova (-4.3% per year) and Switzerland (+74.1% per year).

In value terms, Poland ($X), Switzerland ($X) and Germany ($X) appeared to be the largest markets for iron or steel tube fitting exported from Ukraine worldwide, together accounting for 54% of total exports.

Switzerland, with a CAGR of +88.6%, 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

The average export price for tube or pipe fittings (of iron or steel) stood at $X per ton in 2022, falling by -9.8% against the previous year. Overall, export price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, iron or steel tube fitting export price increased by +72.1% against 2015 indices. The growth pace was the most rapid in 2020 an increase of 25%. The export price peaked at $X per ton in 2021, and then fell in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Latvia ($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 Germany (+21.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Tube Or Pipe Fittings (Of Iron Or Steel)

Imports into Ukraine

In 2022, after two years of growth, there was significant decline in overseas purchases of tube or pipe fittings (of iron or steel), when their volume decreased by -50.3% to X tons. Overall, imports recorded a abrupt slump. The most prominent rate of growth was recorded in 2016 when imports increased by 36% against the previous year. Imports peaked at X tons in 2021, and then fell sharply in the following year.

In value terms, iron or steel tube fitting imports dropped dramatically to $X in 2022. Over the period under review, imports recorded a deep reduction. The most prominent rate of growth was recorded in 2018 when imports increased by 37%. Imports peaked at $X in 2021, and then contracted sharply in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of iron or steel tube fitting to Ukraine, with a 75% share of total imports. Moreover, iron or steel tube fitting imports from China exceeded the figures recorded by the second-largest supplier, Poland (X tons), more than tenfold. The third position in this ranking was held by Turkey (X tons), with a 5.9% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled -4.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (-4.6% per year) and Turkey (+15.2% per year).

In value terms, China ($X) constituted the largest supplier of tube or pipe fittings (of iron or steel) to Ukraine, comprising 46% of total imports. The second position in the ranking was held by Poland ($X), with a 9.9% share of total imports. It was followed by Italy, with an 8.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (-2.8% per year) and Italy (-2.5% per year).

Import Prices by Country

The average import price for tube or pipe fittings (of iron or steel) stood at $X per ton in 2022, rising by 16% against the previous year. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 18%. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+5.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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