Tridge summary
The Ukrainian dairy sector has experienced a successful transformation from a raw material model to a food model in 2022, despite challenges such as logistical changes and dangerous working conditions. The sector's exports have seen a significant increase of 11% in volume and 41% in value compared to 2021, reaching 72.43 thousand tons and 186.2 million USD respectively for the first nine months of 2022. The third quarter of 2022 marked the most productive trade period of the year, with a trade value of 92.4 million USD, which is double that of 2021. However, a gradual slowdown in exports is observed in September due to weak global demand and an increase in internal EU stocks. Despite this, the balance of foreign trade for the first nine months of 2022 is positive for the first time in two years, amounting to +17.3 million US dollars.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
In 2022, the Ukrainian dairy sector took the direction of transforming the economic model from raw material to food and has positive results. Despite the change in logistics routes, the work of enterprises in dangerous conditions, the difficult economic situation in the country, the export of Ukrainian dairy products for 9 months amounted to 72.43 thousand tons in physical terms and 186.2 million USD in value terms, which is 11% and 41% more than in 2021, respectively. This was reported by the press service of UKAB. According to Maksym Hopka, an analyst at UKAB, Ukrainian exporters of the dairy sector have almost adapted to the current working conditions and continue to increase trade abroad due to the surplus of products on the domestic market. "Comparing the export of dairy products in the 3rd quarter of 2022, the total export volume for July, August, and September amounted to 35.14 thousand tons, which is 76% more than in the same period last year. So far, this is the most ...
Source: Agrotimes
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