Market for Articles of Fiber Cement in Ukraine
Market Overview
In
, the Ukrainian articles of fiber cement market increased by
% to $
for the first time since 2016, thus ending a four-year declining trend. Overall, consumption, however, showed a abrupt decrease. Articles of fiber cement consumption peaked at $
in 2007; however, from 2008 to
, consumption stood at a somewhat lower figure.
In value terms, articles of fiber cement production rose notably to $
in
estimated in export price. In general, production, however, showed a drastic downturn. The pace of growth appeared the most rapid in 2016 when the production volume increased by
%. Articles of fiber cement production peaked at $
in 2007; however, from 2008 to
, production failed to regain momentum.





In value terms, articles of fiber cement production rose notably to $





Consumption
In
, articles of fiber cement consumption in Ukraine shrank to
tons, waning by -
% on the year before. Over the period under review, consumption continues to indicate a abrupt decrease. Articles of fiber cement consumption peaked at
tons in 2007; however, from 2008 to
, consumption stood at a somewhat lower figure.
The revenue of the articles of fiber cement market in Ukraine declined to $
in
, with a decrease 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). Overall, consumption continues to indicate a deep setback. Over the period under review, the market reached the maximum level at $
in 2007; however, from 2008 to
, consumption stood at a somewhat lower figure.





The revenue of the articles of fiber cement market in Ukraine declined to $





Market Forecast
Depressed by shrinking demand for articles of fiber cement in Ukraine, the market is expected to continue its downward consumption trend over the next eight years. The performance of the market is forecast to contract with an anticipated CAGR of -
% for the period from
to
, which is projected to depress the market volume to
tons by the end of
.
In value terms, the market is forecast to contract 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
.





In value terms, the market is forecast to contract with an anticipated CAGR of -





Market Structure
Over the period under review, the share of imports in terms of total articles of fiber cement consumption in Ukraine was relatively small in physical terms, fluctuating under an
% figure. In value terms the share of imports also stood at a low figure, which means that the Ukraine articles of fiber cement market is largely supplied by domestic manufacturers. In
, the share of imports in total consumption accounted for
% in value terms and
% in physical terms. The share of imports remained relatively constant over the period under review.




Trade Balance
Ukraine remains a net importer of articles of fiber cement; 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.




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