Ukraine: Carbon Market 2024

Carbon Market Size in Ukraine

In 2023, the Ukrainian carbon market increased by X% to $X, rising for the third consecutive year after two years of decline. Over the period under review, the total consumption indicated a modest expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption increased by X% against 2020 indices. Carbon consumption peaked in 2023 and is expected to retain growth in the near future.

Carbon Production in Ukraine

In value terms, carbon production rose significantly to $X in 2023 estimated in export price. In general, production, however, recorded a slight setback. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2023, production failed to regain momentum.

Carbon Exports

Exports from Ukraine

In 2023, carbon exports from Ukraine dropped notably to X tons, which is down by X% compared with the previous year's figure. Overall, exports faced a abrupt descent. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. The exports peaked at X tons in 2021; however, from 2022 to 2023, the exports remained at a lower figure.

In value terms, carbon exports plummeted to $X in 2023. Over the period under review, exports continue to indicate a abrupt downturn. The pace of growth was the most pronounced in 2017 with an increase of X%. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Poland (X tons) was the main destination for carbon exports from Ukraine, accounting for a X% share of total exports. Moreover, carbon exports to Poland exceeded the volume sent to the second major destination, the Czech Republic (X tons), fivefold. Germany (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume to Poland amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (X% per year) and Germany (X% per year).

In value terms, Poland ($X) remains the key foreign market for carbon (carbon blacks and other forms of carbon) exports from Ukraine, comprising X% of total exports. The second position in the ranking was held by the Czech Republic ($X), with a X% share of total exports. It was followed by Germany, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value to Poland was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (X% per year) and Germany (X% per year).

Export Prices by Country

The average carbon export price stood at $X per ton in 2023, rising by X% against the previous year. In general, the export price showed a slight expansion. The pace of growth appeared the most rapid in 2017 an increase of X%. The export price peaked in 2023 and is expected to retain growth in years to come.

Average prices varied noticeably for the major export markets. In 2023, amid the top suppliers, the countries with the highest prices were Poland ($X per ton) and the Czech Republic ($X per ton), while the average price for exports to Hungary ($X per ton) and Germany ($X per ton) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Poland (X%), while the prices for the other major destinations experienced more modest paces of growth.

Carbon Imports

Imports into Ukraine

In 2023, imports of carbon (carbon blacks and other forms of carbon) into Ukraine surged to X tons, increasing by X% against 2022. Overall, imports continue to indicate slight growth. Imports peaked at X tons in 2014; however, from 2015 to 2023, imports stood at a somewhat lower figure.

In value terms, carbon imports skyrocketed to $X in 2023. Over the period under review, imports enjoyed tangible growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2023, the United Arab Emirates (X tons) constituted the largest carbon supplier to Ukraine, with a X% share of total imports. Moreover, carbon imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, the Czech Republic (X tons), twofold. The third position in this ranking was held by India (X tons), with a X% share.

From 2012 to 2023, the average annual growth rate of volume from the United Arab Emirates stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (X% per year) and India (X% per year).

In value terms, the largest carbon suppliers to Ukraine were the United Arab Emirates ($X), China ($X) and the Czech Republic ($X), with a combined X% share of total imports. India, Germany, Turkmenistan and Turkey lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, Turkmenistan, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average carbon import price stood at $X per ton in 2023, with an increase of X% against the previous year. Overall, the import price recorded a pronounced increase. The pace of growth was the most pronounced in 2022 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the maximum in 2023 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform