On the Ukrainian market, there is an increase in demand for metal products, reaching 100%

19/12/2023

From January to November, Ukraine increased the consumption of metal products (rolled products and semi-finished products) by 101.2% compared to the same period in 2022, reaching a volume of 3.26 million tons.

During this period, Ukraine imported 989,900 tons of metal products, which is 84.2% more than in the same period in 2022. Import deliveries constitute 30.4% of the domestic market consumption of rolled products in Ukraine. The share of the import component in the domestic consumption of metal products has decreased by 2.8 percentage points.

Overall, in January-November, Ukrainian metallurgists produced 4.86 million tons of rolled products, which is 7.2% less than in the first 11 months of 2022. Exports amounted to 2.6 million tons of metal products (-37.6%). For the domestic market, 2.27 million tons of rolled products and semi-finished products were directed, representing a 110% increase.

In the current year, Ukrainian metallurgists increased shipments of products to the domestic market, with the share of exports in the total volume of produced products for the first 11 months standing at 53.4%, compared to 79.4% in January-November 2022.

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Since 2006 SCHNEIDER GROUP has been supporting international companies expanding to Ukraine. Our portfolio includes a full scope of services: from market analysis and partner search to complete accounting outsourcing, legal and tax consulting, and interim management services. We take over all non-core business functions so that our clients can focus on developing their business. We help our clients establishing subsidiaries in Ukraine compliant with local legislative requirements and transparent for international management. Our experts offer advice on best practices to optimise processes, reduce risks and minimise costs.

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