Ukraine's metallurgical industry has seen a notable increase in the production and export of rolled metal during the first half of 2024, according to the Ukrmetalurgprom Association of Enterprises and the State Customs Service of Ukraine.
Key Highlights
Production and Export Figures:
- In January-June 2024, Ukrainian metallurgical enterprises produced 3,140,000 tons of rolled metal, marking a 132.3% increase compared to the same period in 2023.
- Out of the total production, 1,996,000 tons, or 63.6%, were exported.
Comparison with 2023:
- In the first half of 2023, the share of exports was 52.9%, with 1,257,000 tons exported out of 2,374,000 tons produced.
Export Composition
- Semi-Finished Products:
- The share of semi-finished products in export deliveries for January-June 2024 remained stable at 45.39%, similar to 45.90% in the same period of 2023.
- Flat Rolled Products:
- The specific weight of flat rolled products in export deliveries for the first half of 2024 significantly increased to 41.73% compared to 33.65% in 2023.
- Graded Rolled Goods:
- The share of graded rolled goods decreased to 12.88% in 2024 from 20.45% in 2023.
Import Structure
- Dominance of Flat Rolled Products:
- In the first half of 2024, flat rolled products continued to dominate imports, comprising 80.06% of the total, compared to graded products at 18.30%.
- In the same period of 2023, flat rolled products accounted for 78.88%, and graded products 20.09%.
Domestic Market Capacity
- Market Growth:
- The domestic market capacity for rolled metal in the first half of 2024 was 1,736.4 thousand tons, a 7.73% increase from 1,611.8 thousand tons in the same period of 2023.
- Share of Imports:
- In 2024, 592.4 thousand tons, or 34.12%, of the domestic market capacity was imported, up from 494.8 thousand tons, or 30.17%, in 2023.
Export Markets
- Main Destinations:
- The primary export markets for Ukrainian rolled metal in January-June 2024 were the European Union (77.1%), the rest of Europe (6.9%), and Africa (6.4%).
Import Sources
- Leading Importers:
- Other European countries led in metallurgical imports to Ukraine (46.5%), followed by the EU-27 (31.0%) and Asian countries (20.5%).
Conclusion
The first half of 2024 has demonstrated substantial growth in Ukraine's production and export of rolled metal, reflecting increased capacity and market reach. The stable demand from European and African markets, along with the rising domestic market capacity, underscores the robustness of Ukraine's metallurgical industry.
