Forecast of dynamics of changes in Ukrainian GDP in % for 2022-2025 in relation to previous period
Source: Open4Business.com.ua and experts.news
In 2023, Ukrainian companies increased imports of copper and copper products by 2.2 times in value compared to 2022, to $140.795 million.
According to customs statistics released by the State Customs Service of Ukraine, exports of copper and copper products decreased by 20.1% to $72.078 million during this period.
In December, the company imported copper worth $20.856 million and exported $6.906 million.
In addition, in 2023, Ukraine reduced imports of nickel and products by 74.2% compared to 2022, to $15.391 million ($1.025 million in December), and increased imports of aluminum and aluminum products by 7.7%, to $366.463 million ($31.951 million).
At the same time, it reduced imports of lead and lead products by 65.2% to $989 thousand ($70 thousand), imports of tin and tin products by 23% to $2.728 million ($310 thousand), but increased imports of zinc and zinc products by 18.8% to $45.966 million ($3.665 million).
Exports of aluminum and aluminum products last year increased by 0.7% compared to 2022 to $97.616 million ($8.433 million in December), lead and lead products increased by 23.5% to $14.778 million ($704 thousand), nickel and nickel products amounted to $532 thousand ($24 thousand), while in 2022 it was $1.268 million.
Zinc was exported abroad in 2023 for $130 thousand ($13 thousand in December) against $1.331 million in 2022. Exports of tin and tin products amounted to $159 thousand (up $79 thousand in December) against $424 thousand in 2022.
As reported, in 2022, Ukrainian enterprises reduced imports of copper and copper products in value terms by 64.3% compared to the previous year to $65.370 million, while their exports decreased by 56.3% to $90.245 million.
In addition, in 2022, Ukraine reduced imports of nickel and nickel products by 49.9% compared to 2021, to $59.754 million, and aluminum and aluminum products by 33.4%, to $340.398 million. At the same time, it reduced imports of lead and lead products by 66.6%, to $2.839 million.
Imports of tin and tin products fell by 33.5% to $3.312 million, and imports of zinc and zinc products decreased by 58.7% to $38.690 million.
In 2022, exports of aluminum and aluminum products decreased by 42.7% compared to 2021, to $96.972 million, lead and lead products – by 68.7%, to $11.970 million, and nickel and nickel products – by 73.9%, to $1.268 million.
Zinc exports in 2022 amounted to $1.331 million, while in 2021 they amounted to $550 thousand. Exports of tin and products in 2022 amounted to $424 thousand, compared to $346 thousand in the previous year.
Real GDP in 2021-2025 (forecast)
Source: Open4Business.com.ua and experts.news
Corteva Agriscience, an international research and development agricultural company, increased corn seed exports by 50% in 2023 compared to the previous year, its press service reports.
According to the press release, during 2023, the company’s seed production complex in Poltava region shipped more than half a million sowing units of Pioneer® corn seeds, which was a record volume for the 10 years of Corteva’s production in Ukraine.
“Russia’s actions against Ukraine’s agricultural sector prove its outstanding role in ensuring food security in many regions of the world. Corteva considers Ukraine to be one of the largest players in the global agricultural market and in recent years has been consistently increasing production and export of high-quality hybrid corn and sunflower seeds to ensure the ability to produce agricultural products in Ukraine and in those countries where farmers depend on seeds produced in our country,” said Oleksiy Turchynov, Head of Seed Production at Corteva Agriculture in Ukraine.
The company also said that it intends to continue developing the production capacity of the seed complex to increase seed exports through established sales channels to the European Union. To this end, the company has reconfigured its export chains and in 2023, farmers in Europe (Austria, France, Hungary, Romania, Slovakia, Bulgaria, Belgium, Czech Republic, Germany, Lithuania, Poland, Serbia) and Central Asia received Ukrainian corn seeds of the Pioneer® brand.
As reported, the company’s seed complex in Poltava region was officially opened in June 2013. More than $56 million was invested in its construction. The annual capacity of the plant is about 500 thousand sowing units of corn seeds and 250 thousand sowing units of sunflower seeds.
Corteva Agriculture is a global agricultural company. It offers comprehensive solutions to maximize yields and profitability. It has more than 150 research facilities and more than 65 active ingredients in its portfolio.
The company’s presence in Ukraine includes the headquarters in Kyiv, a research center in Liubarky (Kyiv region) and a seed production complex in Stasi (Poltava region).
In April 2022, the company decided to leave the Russian market due to the full-scale war against Ukraine unleashed by Russia.
In 2023, Poninkivska Cardboard and Paper Mill-Ukraine (PCPM-Ukraine, Khmelnytsky region), a major Ukrainian corrugated cardboard producer, increased its corrugated packaging output by 25.4% compared to 2022, to 86.7 million square meters.
According to Ukrpapir Association statistics provided to Interfax-Ukraine, the mill continues to be among the top three producers of this product after Kyiv Cardboard and Paper Mill and Trypillia Packaging Plant.
According to statistics, last year the plant also increased its production of containerboard by 16.3% to 79.2 thousand tons.
At the same time, in December, the production of corrugated boxes at PCBF-Ukraine increased by 16.8% to 7.8 million square meters by December 2022, and paper and cardboard by 36% to 7.7 thousand tons.
In monetary terms, in 2023, PCBF-Ukraine produced products worth almost UAH 2 billion 450 million, up 3.1% year-on-year.
As reported with reference to the data collected by the association from the main enterprises of the industry (since the State Statistics Service stopped providing such data in 2019), in 2023, the production of paper and cardboard in Ukraine increased by 12.3% to 578.3 thousand tons, and cardboard boxes by 19.5% to 539.26 million square meters.
Poninkivske Mill (formerly Poninkivske Cardboard and Paper Mill), once the largest producer of school notebooks, currently has one main production line – paper and cardboard, producing mainly corrugated cardboard and corrugated packaging, as well as wrapping and waste paper.
The plant is part of the United Cardboard Company-Ukraine (UCC, Lutsk) owned by businessman Mykola Lobov, whose production assets include, among others, Lutsk KBF-Ukraine (Volyn region), which produced almost 66 thousand tons of various cardboard last year (according to Ukrpapir) (up 30.6%) and 17.4 million square meters of corrugated boxes.
As reported, in 2022, PCBF-Ukraine produced products worth UAH 2 billion 446 million, up 6.5% year-on-year.
JSC Slavic Wallpapers – KFTB (formerly Koryukivka Technical Paper Factory, Chernihiv region), a leading Ukrainian wallpaper producer, produced 16.2 million conventional pieces of wallpaper in 2023, up 19% from 2022.
According to statistics provided by UkrPapir Association to Interfax-Ukraine, in December, in particular, 1.12 million conventional pieces were produced, down 2% from December 2022 and 13% from November 2023.
At the same time, in monetary terms, the factory’s production volume increased by 38.2% to UAH 1 billion 249 million last year.
The EBA has no data on wallpaper production in Ukraine as a whole, as the State Statistics Service stopped providing it in 2019.
As reported, in 2022, the factory reduced wallpaper production by 2.4 times compared to pre-war 2021 to 13.59 million pieces, while production decreased by 45% to UAH 903.55 million.
The company noted that the Russian aggression had significantly reduced sales, especially through retail channels. The factory exported 56% of its products in 2022, mainly to Uzbekistan, Latvia, Kyrgyzstan, Kazakhstan, and Azerbaijan.
JSC Slavic Wallpaper-KFTB is one of the largest European wallpaper factories producing more than 10 types of wallpaper from the economy segment (paper, duplex, acrylic) to premium wallpaper (vinyl, non-woven, hot stamped).
In addition, the factory produces its own latex, water-dispersion paint under the Latex brand.
