Ukraine: Dairy Spread Market 2024

Dairy Spread Market Size in Ukraine

In 2022, the Ukrainian dairy spread market increased by 5.9% to $X, rising for the fifth year in a row after three years of decline. The market value increased at an average annual rate of +1.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Dairy spread consumption peaked at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Dairy Spread Production in Ukraine

In value terms, dairy spread production contracted to $X in 2022 estimated in export price. In general, the total production indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -0.9% against 2019 indices. The pace of growth was the most pronounced in 2014 when the production volume increased by 65%. As a result, production reached the peak level of $X. From 2015 to 2022, production growth remained at a lower figure.

Dairy Spread Exports

Exports from Ukraine

For the third consecutive year, Ukraine recorded decline in shipments abroad of dairy spreads, which decreased by -34.9% to X tons in 2022. Over the period under review, exports, however, enjoyed prominent growth. The pace of growth was the most pronounced in 2014 when exports increased by 877%. As a result, the exports attained the peak of X tons. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, dairy spread exports contracted significantly to $X in 2022. Overall, exports, however, posted significant growth. The pace of growth appeared the most rapid in 2014 when exports increased by 697%. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Moldova (X tons) was the main destination for dairy spread exports from Ukraine, with a 67% share of total exports. Moreover, dairy spread exports to Moldova exceeded the volume sent to the second major destination, Azerbaijan (X tons), fourfold. Kazakhstan (X tons) ranked third in terms of total exports with a 9.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Moldova totaled +16.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Azerbaijan (+47.5% per year) and Kazakhstan (+13.1% per year).

In value terms, Moldova ($X) remains the key foreign market for dairy spreads exports from Ukraine, comprising 66% of total exports. The second position in the ranking was held by Azerbaijan ($X), with a 19% share of total exports. It was followed by Kazakhstan, with a 9.1% share.

From 2012 to 2022, the average annual growth rate of value to Moldova totaled +17.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Azerbaijan (+52.4% per year) and Kazakhstan (+15.1% per year).

Export Prices by Country

In 2022, the average dairy spread export price amounted to $X per ton, rising by 7.9% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 an increase of 29% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to South Korea ($X per ton) and Georgia ($X per ton), while the average price for exports to Kazakhstan ($X per ton) and Azerbaijan ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Azerbaijan (+3.3%), while the prices for the other major destinations experienced more modest paces of growth.

Dairy Spread Imports

Imports into Ukraine

After four years of growth, supplies from abroad of dairy spreads decreased by -76.1% to X tons in 2022. In general, imports continue to indicate a dramatic contraction. The most prominent rate of growth was recorded in 2015 with an increase of 327%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, dairy spread imports fell significantly to $X in 2022. Over the period under review, imports continue to indicate a sharp setback. The most prominent rate of growth was recorded in 2019 when imports increased by 132% against the previous year. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Finland (X tons) was the main dairy spread supplier to Ukraine, accounting for a 90% share of total imports. Moreover, dairy spread imports from Finland exceeded the figures recorded by the second-largest supplier, Belarus (X tons), tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Finland totaled -13.9%.

In value terms, Finland ($X) constituted the largest supplier of dairy spreads to Ukraine, comprising 87% of total imports. The second position in the ranking was taken by Belarus ($X), with an 8% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Finland stood at -11.9%.

Import Prices by Country

The average dairy spread import price stood at $X per ton in 2022, rising by 23% against the previous year. Overall, the import price posted prominent growth. The pace of growth was the most pronounced in 2017 when the average import price increased by 112%. The import price peaked in 2022 and is likely to see steady growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Finland ($X per ton), while the price for Belarus stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belarus (+5.0%).

Source: IndexBox Platform

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