Pipe companies of Ukraine in February increased product exports by 57.4% m/m

The revenue of Ukrainian pipe exporters for the month increased by 47.6% m/m

In February 2023, the pipe companies of Ukraine increased the export of products by 57.4% compared to January 2023 – up to 32.71 thousand tons. The revenue from the export of pipes for the month increased by 47.6% m/m – up to $61.48 million. This is evidenced by State Customs Service’s data.

Compared to February 2022, in February 2023, steel enterprises of Ukraine increased revenue from the sale of pipes by 5.7%. It is impossible to calculate the difference in export volumes in natural terms due to the lack of data.

According to the results of January-February 2023, Ukraine shipped 53.49 thousand tons of pipes worth $103.1 million for export. The revenue from the sale of products abroad decreased by 24.7% compared to the same period last year.

In January-February 2023, Ukraine exported the most seamless pipes, tubes and hollow profiles (Nomenclature – 7304) – 43.27 thousand tons for $94.51 million. In February, 27.1 thousand tons of such products were shipped (+67.6% m/m) for $56.8 million (+50.9% m/m).

Also, during January-February, 9.89 thousand tons of other pipes, tubes and hollow profiles made of ferrous metals (Nomenclature – 7306) worth $8.31 million were shipped abroad, in particular, in February 5.4 thousand tons (+21% m/m) for $4.48 million (+17.1% m/m).

The main consumers of Ukrainian-made pipes are Germany, the USA, Italy and Poland.

As GMK Center reported earlier, in 2022 the pipe companies of Ukraine produced 608 thousand tons of pipes, which is 38% less compared to 2021. Last year, the enterprises of the association Ukrtrubprom reduced the production of pipe products by 37.9% y/y – to 449.7 thousand tons.

The industry’s production figures were affected by logistical problems, as well as strikes on energy infrastructure facilities and, as a result, power supply restrictions at the end of last year. As a result, pipel companies exported products through western border crossings and European seaports. This led to an increase in logistics costs by 2-3 times and affected the cost price of pipe products.

As a result, the export of pipes from Ukraine decreased in 2022 by 33.6% year-on-year – to 400.4 thousand tons. In monetary terms, exports for this period amounted to $688.5 million, which is 10.1% less than in 2021.

The main producers of pipes in Ukraine are Interpipe NIKO TUBE LLC, Interpipe NTRP, DMZ Kominmet, Ilyich Iron and Steel Works of Mariupol, Interpipe NMPP, Trubostal, Centravis, Dnipropetrovsk Pipe Plant and Slavsan