In the Ukrainian market, the share of imported cheese can grow even more

Rennet Casein

Published Feb 5, 2024

Tridge summary

Ukrainian cheese producers are set to increase their prices by 5%, potentially leading to a 25% rise in cheese imports this year as European cheese becomes more affordable for retailers. This could result in reduced production volumes for domestic cheese makers due to increased competition. The first half of 2023 saw Ukraine import 15,800 tons of cheese, primarily from Poland, Germany, and the Netherlands. The price hike in Ukrainian cheese is due to rising raw milk prices, fuel and electricity costs, and the impact of Russian aggression on Ukraine's agro-industrial complex. Furthermore, the vegan cheese market is expected to grow by $1.32 billion from 2023 to 2028.

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

Some domestic cheese producers plan to raise the prices of their products by 5%, as Infagro reports. At the same time, it is expected that the share of imported cheese on the Ukrainian market may exceed 40%. Analysts explain that retailers can sell cheese at a higher price only in case of very long-term payment delays. In addition, purchasing volumes are expected to decrease as retailers realize that expensive domestic cheese is out of reach for most consumers. They also have an alternative in the form of high-quality European cheese, which can be purchased for UAH 220-230/kg, so paying a quarter more for domestic cheese is not profitable for them. It is predicted that this approach of Ukrainian cheesemakers to pricing may lead to an increase in cheese imports by a quarter in the current year. Experts assume that, as a result, more than 40% of the market may be filled with imported goods. Accordingly, in the conditions of growing competition, domestic cheese makers will be forced ...

Source: Landlord