Updated Nov 8, 2022 06:06

Calcareous Building Stone Market in Ukraine

Market Overview
The Ukrainian calcareous building stone market contracted slightly to $ in , approximately equating the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. Calcareous building stone consumption peaked at $ in 2017; however, from 2018 to , consumption stood at a somewhat lower figure.

In value terms, calcareous building stone production totaled $ in estimated in export price. Over the period under review, production saw a slight contraction. The pace of growth was the most pronounced in 2016 with an increase of % against the previous year. Over the period under review, production reached the peak level at $ in 2007; however, from 2008 to , production remained at a lower figure.


Consumption
In , approx. tons of calcareous building stone were consumed in Ukraine; surging by % on . Overall, consumption recorded a perceptible increase. Calcareous building stone consumption peaked at tons in 2016; however, from 2017 to , consumption failed to regain momentum.

The revenue of the calcareous building stone market in Ukraine reached $ in , with an increase of % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption showed a relatively flat trend pattern. Calcareous building stone consumption peaked at $ in 2017; however, from 2018 to , consumption failed to regain momentum.


Market Forecast
Driven by increasing demand for calcareous building stone in Ukraine, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to accelerate, expanding with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to tons by the end of .

In value terms, the market is forecast to increase with an anticipated CAGR of +% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .


Market Structure
Over the period under review, imports of calcareous building stone in Ukraine were negligibly small compared to the production volumes. Therefore, the share of imports in the total market was practically nonexistent, both in volume and in value terms. This situation has remained constant over the period under review, which means that domestic producers entirely meet the domestic demand for calcareous building stone.


Trade Balance
Ukraine remains a net importer of calcareous building stone; in physical and value terms, imports consistently exceeded exports from 2007 to . In , there was a significant trade deficit of tons, which was equal to $.