Business news from Ukraine

Ukraine exported 41 thsd tonnes of new crop barley

Ukraine exported 41 thsd tonnes of barley of the new harvest due to the intensification of the work of Odesa ports, but the main demand is demonstrated by the domestic market. This was discussed on October 24 during the weekly briefing, according to the analytical cooperative “Start”, created within the framework of the All-Ukrainian Agrarian Council (AAC).

“Export demand for barley has intensified. In Odesa, the demand for barley with certification for deliveries to China at the price of about 118-120 USD/ton is recorded. These prices are announced for delivery to Odesa by November 10. As of November, 50 thsd tonnes of barley have already been sold for delivery to China. Therefore, we can expect further movement of the grain through Odesa ports. There will not be a big price increase, but the prices may rise by $5/ton,” the experts said.

According to their information, the Danube ports are not trading barley yet. Although the indicative price is 125-130 USD/ton, there is no real movement. Higher liquidity is recorded at the western borders (CPO) – 135-140 USD/ton on DAP terms, but the demand in this direction is low.

“The main demand is focused on the domestic market, with the main buyers of barley being the processing plants. So far, the purchase prices are at the level of 4500-4800 UAH/ton, no significant changes are expected in the coming weeks,” the UGA summarized.

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Ukraine decreased exports of semi-finished carbon steel products by 44.5% in real terms

In January-September this year, Ukraine reduced exports of semi-finished carbon steel products in physical terms by 44.5% year-on-year to 924,463 thousand tons.

According to the statistics released by the State Customs Service (SCS), exports of carbon steel semi-finished products amounted to $476.690 million in monetary terms over the period (down 54.8%).

The main exports were to Bulgaria (35.56% of supplies in monetary terms), Poland (26.50%) and Italy (9.88%).

In January-September, Ukraine imported 92 tons of semi-finished products from China worth $169 thousand, while no imports were made in September.

As reported, in 2022, Ukraine decreased exports of carbon steel semi-finished products in physical terms by 72% compared to the previous year – to 1 million 899.729 thousand tons, and in monetary terms by 70.9% – to $1 billion 191.279 million. The main exports were made to Bulgaria (26.55% of supplies in monetary terms), Poland (13.97%) and Italy (12.13%).

In addition, Ukraine imported 5,558 thousand tons of similar products in 2022, which is 85.7% less than in 2021. In monetary terms, imports decreased by 86% to $3.634 million. Imports were carried out from the Russian Federation (96.92% of supplies before the war), China (1.84%), and Romania (1.21%).

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Ukrainian mining companies reduced iron ore exports by 40.8% in real terms

In January-September this year, Ukrainian mining companies reduced exports of iron ore by 40.8% in physical terms compared to the same period last year, to 12 million 644.570 thousand tons.

According to the statistics released by the State Customs Service (SCS), foreign exchange earnings from iron ore exports amounted to $1 billion 323.212 million (down 50.4%) in the period under review.

Iron ore was exported mainly to Slovakia (29.33% of supplies in monetary terms), the Czech Republic (22.58%) and Poland (19.83%).

In January-September of this year, Ukraine imported iron ore worth $86 thousand in the total amount of 126 tons. Imports during this period were made from Norway (41.18%), Italy (34.12%) and the Netherlands (23.53%). At the same time, in the same period of 2022, iron ore worth $27 thousand was imported in a total volume of 49 tons.

As reported, in 2022, Ukraine decreased the export of iron ore in physical terms by 45.9% compared to 2021 – to 23 million 984.623 thousand tons, while foreign exchange earnings decreased by 57.8% to $2 billion 912.974 million.

Iron ore was exported mainly to Slovakia (19.23% of supplies in monetary terms), the Czech Republic (17.32%) and Poland (16.49%).

Last year, Ukraine imported iron ore worth $65 thousand in a total volume of 101 tons, while in 2021 – $184 thousand in a volume of 1,202 thousand tons.

Imports were carried out from Norway (36.92%), the Netherlands (27.69%) and the UK (16.92%).

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Ukraine increased exports of sunflower oil by 40.3%

In January-September of this year, Ukraine increased exports of sunflower oil by 40.3% in physical terms compared to the same period last year – up to 4 mln 94.4 thsd tonnes, but in monetary terms it decreased by 5.8% to $3 bln 724.01 mln, which amounted to 13.72% of total Ukrainian exports.

According to the statistics released by the State Customs Service, the main exports were to Turkey (18.44% of shipments in monetary terms), Romania (16.59%) and China (12.15%).

In the first nine months of this year, the exports of soybean oil increased by 20.2% to 207.1 thsd tonnes, but the revenue from these exports also decreased by 21.7% to $181.24 mln.

The top 3 importing countries of Ukrainian soybean oil are Poland (69.1% of supplies in monetary terms), Germany (5.19%) and the United Arab Emirates (4.67%).

Exports of rapeseed and mustard oil in January-September 2023 reached 244.71 thsd tonnes, up 9.3 times compared to January-September 2022. The sales of this type of oil brought Ukraine $205.72 mln, which is 5.8 times more than last year.

The key export countries of rapeseed and mustard oil were China (28.61% of supplies in monetary terms), Poland (20.08%) and Romania (15.22%).

In the first nine months of this year, margarine exports from Ukraine decreased both in physical terms (by 36.2%) and in monetary terms (by 37.5%) to 11.57 thousand tons worth $24.64 million.

At the same time, exports under article 1518 “fats, oils and vegetable oils subjected to chemical modification” increased by 70.4% in physical terms to 12.60 thousand tons, and by 16.2% in monetary terms to $11.22 million.

As for imports, the largest item in this segment of foreign trade remained the import of palm oil, which in January-September this year decreased both in physical (by 21.6%) and monetary terms (by 32.5%): 64.41 thousand tons of this type of oil were supplied to Ukraine, worth $82.46 million.

At the same time, imports of margarine to the country during the reporting period slightly decreased in physical terms by 0.3% to 9.07 thsd tonnes, but increased in monetary terms by 7.3% to $32.43 mln.

Finally, code 1516 “fats, oils, vegetable oils, chemically transformed without processing” closes the top three imports in this category – 11.23 thousand tons of products were supplied for $25.63 million, while in 9 months of last year there were 9.54 thousand tons for $26.62 million.

According to the State Customs Service, in the 12 months of pre-war 2021, exports of sunflower oil brought Ukraine $6.39 billion, soybean oil – $295.22 million, rapeseed and mustard oil – $222.56 million.

The main buyers of Ukrainian sunflower oil in 2021 were India (29.83% in monetary terms), China (14.36%), and the Netherlands (10.49%); soybean oil – Poland (66.42%), China (14.52%), and Germany (5.06%); rapeseed and mustard oil – the Netherlands (41.38%), Poland (30.42%), and China (12.49%).

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Ukraine decreased pig iron exports by 1.6%

In January-September of this year, Ukraine reduced pig iron exports in physical terms by 1.6% compared to the same period last year, to 1 million 60,091 thousand tons.

According to statistics released by the State Customs Service (SCS), pig iron exports in monetary terms amounted to $405.961 million in the period under review (down 26.3%).

At the same time, exports were carried out mainly to Poland (56.92% of supplies in monetary terms), Spain (22.05%) and the United States (6.51%).

In the first nine months of 2023, Ukraine imported 78 tons of pig iron worth $129 thousand from Germany (49.61%) and Brazil (50.39%), while no pig iron was imported in June and July. In the same period last year, 15 tons of pig iron were imported from Germany for $25 thousand.

As reported, in 2022, Ukraine reduced exports of processed pig iron by 59% in physical terms compared to the previous year – to 1 million 325.275 thousand tons, and by 61.1% in monetary terms – to $638.774 million.

In 2022, Ukraine imported 40 tons of pig iron worth $23 thousand, while in 2021 it imported 185 tons of pig iron worth $226 thousand.

Exports were made mainly to the United States (38.47% of supplies in monetary terms), Poland (32.91%), and Turkey (8.12%), while imports were made from Germany (100%).

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Ukraine increased exports of ferroalloys by 15%

In January-September this year, Ukraine increased exports of ferroalloys in physical terms by 14.6% year-on-year to 325.066 thousand tons.

According to statistics released by the State Customs Service (SCS), exports of ferroalloys decreased by 42.5% to $281.397 million in monetary terms.

The main exports were to Poland (54.70% of supplies in monetary terms), Turkey (12.73%) and the Netherlands (8.55%).

In addition, in the period under review, Ukraine imported 5.916 thousand tons of these products, which is 65.2% less than in January-September 2022. In monetary terms, imports decreased by 62.2% to $24.141 million.

Imports were carried out mainly from India (22.05%), Armenia (17.96%) and China (15.46%).

As reported, in 2022, Ukraine reduced exports of ferroalloys in physical terms by 47.7% compared to the previous year – to 349,560 thousand tons, in monetary terms by 46% – to $ 564,136 million. At the same time, the main deliveries were made to Poland (53.25% of exports in monetary terms), the Netherlands (13.13%) and Romania (5.66%).

In addition, last year Ukraine imported 20.546 thousand tons of these products, which is 65.5% less than in 2021. In monetary terms, imports decreased by 59.1% to $72.705 million. Imports were carried out mainly from Norway (22.67%), China (15.60%) and Kazakhstan (14.10%).

The business of the Stakhanov and Zaporizhzhia Ferroalloy Plants (SZF and ZZF) was organized by PrivatBank (Kyiv) before the nationalization of the financial institution. Nikopol Ferroalloy Plant is controlled by EastOne Group, established in the fall of 2007 as a result of the restructuring of Interpipe Group, and Privat Group.

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