THE IMPACT OF GLOBALIZATION TRANSFORMATIONS ON THE TRENDS OF IRON ORE TRADE IN UKRAINE

The article is dedicated to analyzing the current trends in the trade of iron ore raw materials from Ukraine in the context of globalization. It thoroughly examines the key challenges that impact Ukraine’s position on international markets, including increasing competition, logistical constraints, the implementation of environmental standards, and geopolitical instability. The research also considers the role of the Carbon Border Adjustment Mechanism (CBAM) and its implications for the competitiveness of Ukrainian iron ore in global markets. As the demand for environmentally sustainable products rises, CBAM’s potential impact on Ukraine’s exports is a focal point, as it may influence both the cost structure and market access for Ukrainian suppliers. The article delves into the structure of Ukraine’s export of iron ore, identifying the primary markets for Ukrainian exports and comparing its competitive advantages and disadvantages in relation to other global iron ore suppliers. Additionally, the article emphasizes the necessity for Ukrainian enterprises to adapt to changing global demands by modernizing production capacities, adopting energy-efficient and eco-friendly technologies, and diversifying export markets. The research highlights strategic approaches to enhance the competitiveness of Ukrainian iron ore, taking into account the complex dynamics of international trade and global market transformations. The article further investigates the influence of globalization processes on the transformation of the world iron ore market, including shifts in consumer preferences, price dynamics, and the geographical distribution of iron ore supply. Through this comprehensive analysis, the paper contributes to understanding how Ukraine can navigate its challenges in the global iron ore market and strengthen its competitive position through innovation and strategic development. The article underscores the need for Ukraine to develop comprehensive strategies that address both external market pressures and internal industry reforms, ensuring that the country’s iron ore sector remains competitive on the world stage.