Business news from Ukraine

Business news from Ukraine

Change in consumer prices in April 2023

Change in consumer prices in April 2023

Source: Open4Business.com.ua and experts.news

2022-2024 goods trade balance forecast (USD bln)

2022-2024 goods trade balance forecast (USD bln)

Source: Open4Business.com.ua and experts.news

“Carton and Paper Company” increased production volume by 30%

In January-May 2023, the Carton and Paper Company (Lviv), a major Ukrainian manufacturer of carton sleeves and sanitary products, increased its output by 29.9% in comparison with the same period of 2022 – up to UAH 524.47 million.
According to statistics from association “UkrPapir” given to agency “Interfax-Ukraine”, in volume terms, the company increased the output of cardboard products by 8.8% – to 11.4 thousand tons, and paper-base for sanitary products has slightly decreased – to 2.8 thousand tons. Production of toilet paper in rolls increased by 28% to 2.3 million pieces.
The Company increased its paper and paperboard output by 2.6% to 3.1 thousand tons in May compared to the same month in 2022.
“Cardboard and Paper Company” (until 2011 – “Lvivkartonoplast”) produces products and semi-finished products of waste paper (cardboard sheets, corners, sleeves), pulp and recycled waste paper (toilet paper, towels, napkins TM Papero).
The products are exported to 23 countries.
As it was reported, in 2022 the factory, without stopping the work during the year, has increased the volume of marketable output by 51,5% compared to 2021 – up to 1 billion 186 million UAH. Net profit tripled to 263.7 mln hryvnia.

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Import changes in % to previous period in 2022-2023

Import changes in % to previous period in 2022-2023

Source: Open4Business.com.ua and experts.news

China increases its own oil and gas production

China increased oil production by 2.7 percent in May compared with the same month last year, to 18.1 million tons, according to the State Statistics Administration of the country.
Refining output soared 15.4 percent last month to 62 million tons, the second-highest total ever recorded. This was due, among other things, to the completion of scheduled maintenance work at a number of refineries.
Natural gas production in China in May increased by 7.2% and reached 19 billion cubic meters, since the beginning of this year – by 5.3% to 97.3 billion cubic meters.
Oil imports last month totaled 51.44 million tons, up 12.2 percent from the same month a year earlier, customs said. Gas imports rose 17.3% to 10.64 million tons, the highest since January 2022.

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Beer production in Ukraine increased by 20.5%

Beer production in Ukraine in January-May of this year reached 51.1 million dal, 20.5% more than during the same period last year, according to the website of the brewers’ organization Ukrpivo.
It is specified that such growth is connected with the prohibition on manufacture and sale of beer, which was in force in 2022 (because of the full-scale invasion of Ukraine by Russia – IF-U) in January of this year the lag in manufacture of this drink was 15.2% compared to January-2022 indicators.
At the same time, this figure is only 77,5% of the volume of beer production in Ukraine in 2021, the industry association specified.
As it was reported beer production in Ukraine in 2022 decreased by 27,9% compared to 2021 – up to 122,8 million dal.
By the end of 2022 the brewing industry has partially recovered after the fall of production of this drink in the first quarter by 50% due to the Russian invasion and the shutdown of some breweries. Thus, at the end of the first four months of 2022 the decline was 42.8% compared to the same period of 2021, January-May – 36.4%, January-June – 32%, January-July and January-August – 31.6% each, January-September – 30.5%, January-October – 28.6%, January-November – 28.1%, the year before – 27.9%.

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