Price for Iron and Non-Alloy Steel in Ingot in Ukraine - 2022
Contents:
- Price for Iron and Non-Alloy Steel in Ingot in Ukraine (FOB) - 2022
- Price for Iron and Non-Alloy Steel in Ingot in Ukraine (CIF) - 2022
- Exports of Iron and Non-Alloy Steel in Ingot in Ukraine
- Imports of Iron and Non-Alloy Steel in Ingot in Ukraine
Price for Iron and Non-Alloy Steel in Ingot in Ukraine (FOB) - 2022
In 2022, the average export price for iron and non-alloy steel in ingots amounted to $352 per ton, reducing by -31% against the previous year. Overall, the export price recorded a drastic downturn. The pace of growth appeared the most rapid in 2018 an increase of 61%. The export price peaked at $693 per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.
Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Poland ($894 per ton), while the average price for exports to Germany amounted to $883 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+302.7%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Iron and Non-Alloy Steel in Ingot in Ukraine (CIF) - 2022
In 2022, the average import price for iron and non-alloy steel in ingots amounted to $348 per ton, dropping by -66.3% against the previous year. In general, the import price recorded a drastic downturn. The pace of growth was the most pronounced in 2021 an increase of 74%. As a result, import price attained the peak level of $1,034 per ton, and then shrank markedly in the following year.
As there is only one major supplying country, the average price level is determined by prices for Poland.
From 2012 to 2022, the rate of growth in terms of prices for Russia amounted to -0.7% per year.
Exports of Iron and Non-Alloy Steel in Ingot in Ukraine
For the third year in a row, Ukraine recorded decline in shipments abroad of iron and non-alloy steel in ingots, which decreased by -11.6% to 477 tons in 2022. Overall, exports faced a abrupt decline. The smallest decline of -11.6% was in 2020.
In value terms, exports of iron and non-alloy steel in ingots declined remarkably to $168K in 2022. Over the period under review, exports faced a significant curtailment. The smallest decline of -12.2% was in 2020.
| Export of Iron and Non-Alloy Steel in Ingot in Ukraine (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 9.6 | 1.9 | 1.8 | 118 | 130.8% |
| Poland | N/A | N/A | 5.6 | 49.9 | 791.1% |
| Spain | 15.3 | 3.3 | 3.5 | N/A | -52.2% |
| Jordan | 109 | 19.9 | 18.0 | N/A | -59.4% |
| Guatemala | N/A | 278 | 232 | N/A | -16.5% |
| France | 85.0 | 2.2 | 0.3 | N/A | -94.1% |
| India | 21.2 | 2.9 | 1.2 | N/A | -76.2% |
| Saudi Arabia | 11.1 | 2.9 | 3.7 | N/A | -42.3% |
| Others | 106 | 2.5 | 9.5 | N/A | -70.1% |
| Total | 357 | 313 | 275 | 168 | -22.2% |
Top Export Markets for Iron and Non-Alloy Steel in Ingot from Ukraine in 2022:
- Germany (133.5 tons)
- Poland (55.9 tons)
Imports of Iron and Non-Alloy Steel in Ingot in Ukraine
For the fourth consecutive year, Ukraine recorded growth in overseas purchases of iron and non-alloy steel in ingots, which increased by 4.5% to 142 tons in 2022. In general, imports enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 131%. Imports peaked in 2022 and are likely to see steady growth in the near future.
In value terms, imports of iron and non-alloy steel in ingots reduced sharply to $49K in 2022. Overall, imports, however, saw a perceptible shrinkage. The pace of growth appeared the most rapid in 2021 when imports increased by 302% against the previous year. As a result, imports attained the peak of $140K, and then contracted markedly in the following year.
| Import of Iron and Non-Alloy Steel in Ingot in Ukraine (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | 4.1 | 5.5 | 16.0 | 49.4 | 129.3% |
| Russia | 3.5 | 2.3 | 5.4 | N/A | 24.2% |
| China | 16.1 | 12.6 | 34.5 | N/A | 46.4% |
| Germany | 1.4 | 1.6 | 11.5 | N/A | 186.6% |
| Czech Republic | 12.9 | 5.0 | 11.8 | N/A | -4.4% |
| Turkey | 2.5 | 1.8 | 4.6 | N/A | 35.6% |
| Others | 14.1 | 6.2 | 56.5 | N/A | 100.2% |
| Total | 54.5 | 34.9 | 140 | 49.4 | -3.2% |
Top Suppliers of Iron and Non-Alloy Steel in Ingot to Ukraine in 2022:
- Poland (55.8 tons)
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