Ukrainians consume more and more imported dairy products, but less Ukrainian ones
Dairy
Ukraine
Market & Price Trends
Published Jan 8, 2024
Tridge summary
In 2023, Ukraine experienced a significant decrease in the value of dairy product exports, leading to a negative export-import balance of $77.2 million, as imports increased by more than 15%. The Union of Dairy Enterprises of Ukraine reported that the import growth in 2023 occurred in almost all categories of dairy products, leading to an increase in the volume of imports by more than 1.15 times compared to the level of the previous year. The rising prices of dairy raw materials have caused almost 60% of enterprises specializing in the production of raw milk to suffer losses, leading to a decrease in raw milk production by 5.8% compared to the previous year.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.
Original content
Exports of dairy products from Ukraine decreased in value in 2023 by almost 30% compared to 2022, while imports increased by more than 15%. Because of this, last year the negative export-import balance amounted to $77.2 million, while in the previous year, 2022, the indicator was positive - $28.2 million. Thus, the consumption of dairy products last year "laundered" funds from Ukraine, reports the Union of Dairy Enterprises of Ukraine (SMPU), reports delo.ua. The organization emphasizes that import growth in 2023 occurred in almost all categories of dairy products. For example, the import of fermented milk products and cheese significantly exceeded the export: the difference between export and import (balance) ranged from -289 tons in September to -615 tons in March for fermented milk products and from -1398 tons in January to -2902 tons in December for cheese Imports of butter in October 2023 exceeded exports for the first time in a year, and in November it showed the most ...
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