The revenue of Ukrainian pipe exporters for the month fell by 14.6% m/m
In October 2023, Ukrainian pipe companies reduced their exports by 13.1% compared to September 2023 – to 27.6 thousand tons. Revenue from pipe exports fell by 14.6% m/m – to $38.65 million over the month. This is according to the State Customs Service.
Compared to October 2022, in October 2023, Ukrainian pipe companies reduced their revenue from sales by 46.7%. Exports fell by 37.5% y/y.
In January-October 2023, Ukraine exported 305.41 thousand tons of pipes worth $516.73 million. Revenues from sales abroad fell by 12.6% y/y, while exports decreased by 12.3%.
In January-October 2023, Ukraine exported the most seamless pipes, tubes and hollow profiles (HS 7304) – 243.64 thousand tons for $465.1 million. In October, 22.07 thousand tons of such products were shipped (-13.6% m/m) for $34.5 million (+14.6% m/m).
Also, during January-October, 60.1 thousand tons of other pipes, tubes and hollow profiles made of ferrous metals (HS 7306) worth $50.2 million were shipped abroad, in particular, in September 5.5 thousand tons (-8.7% m/m) for $4.1 million (-12.5% m/m).
The main consumers of Ukrainian-made pipes are Germany, the USA, Romania and Poland.
In 2022, Ukrainian pipe companies produced 608 thousand tons of pipes, down 38% compared to 2021. Last year, the enterprises of Ukrtrubprom Association reduced the output of pipe products by 37.9% y/y – to 449.7 thousand tons.
The industry’s performance was affected by logistical problems, as well as by the damage to energy infrastructure and, as a result, the electricity supply curtailment at the end of last year. Pipe companies exported their products through western border crossings and European seaports, which increased logistics costs by 2-3 times and affected the cost of pipe products.
As a result, exports of pipes from Ukraine decreased by 33.6% year-on-year – to 400.4 thousand tons in 2022. In monetary terms, exports for the 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 Slavsant.