Updated Feb 24, 2023 03:08

Market for Ready-Mixed Concrete And Factory Made Mortar in Ukraine

Market Overview
The Ukrainian market for ready-mixed concrete and factory made mortars stood at $ in , remaining relatively unchanged 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 saw a relatively flat trend pattern. Consumption of peaked at $ in ; however, from to , consumption failed to regain momentum.

In value terms, production of ready-mixed concrete and factory made mortars declined modestly to $ in estimated in export price. Over the period under review, production, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the production volume increased by % against the previous year. Over the period under review, production of hit record highs at $ in 2007; however, from 2008 to , production stood at a somewhat lower figure.


Consumption
In , approx. tons of ready-mixed concrete and factory made mortars were consumed in Ukraine; almost unchanged from the previous year. Overall, the total consumption indicated a tangible expansion from 2007 to : its volume increased at an average annual rate of +% over the last fifteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption decreased by -% against indices. Over the period under review, consumption of reached the peak volume at tons in ; however, from to , consumption remained at a lower figure.

The value of the market for ready-mixed concrete and factory made mortars in Ukraine was estimated at $ in , leveling off at 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). In general, consumption recorded a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $ in ; however, from to , consumption failed to regain momentum.


Market Forecast
Driven by increasing demand for ready-mixed concrete and factory made mortars in Ukraine, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to retain its current trend pattern, 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 ready-mixed concrete and factory made mortar 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 ready-mixed concrete and factory made mortar.


Trade Balance
Ukraine remains a net importer of ready-mixed concrete and factory made mortar; in physical and value terms, imports consistently exceeded exports from 2007 to . In , there was a trade deficit of tons, which was equal to $. Those figures reflect the fact that neither imports nor exports don’t dominate the trade balance, and the country may export not only the product manufactured domestically, but also re-export some previously imported goods.