Ukraine in January-December 2019 exported 7,190 tonnes of cheese, which is 13.8% less than in 2018.
According to the State Customs Service, in monetary terms exports amounted to $26.88 million, which is 12.7% less than in 2018.
At the same time, cheese imports in 2019 increased by 1.7 times, to 23,720 tonnes. In monetary terms, imports increased by 1.6 times compared to 2018, to $108.87 million.
Last year, export of butter from Ukraine decreased by 1.7 times, to 18,280 tonnes, in money terms also by 1.7 times, to $77.1 million. According to the State Customs Service, import of this product increased by 3.1 times, to 3,410 tonnes, in money terms by 2.2 times, to $16.46 million.
In addition, export of milk and cream (condensed) in 2019 rose by 0.9%, to 35,810 tonnes. In January-December 2019, Ukraine supplied condensed milk and cream for a total of $76.22 million (29.1% more compared to 2018). Imports of this group of goods grew by 8.8%, to 2,560 tonnes, in monetary terms by 1.2%, to $5.78 million.
Ukraine in January-November 2019 exported 6,470 tonnes of cheese, which is 15.8% less than in the same period in 2018.
According to customs statistics released by the State Fiscal Service, in monetary terms exports amounted to $23.89 million, which is 16.3% less than the figure for the eleven months of 2018.
At the same time, cheese imports in January-November 2019 amounted to 20,510 tonnes, which is 1.7 times more than the figure for the same period in 2018. In monetary terms, imports rose by 1.6 times, to $93.76 million.
Ukraine in January-October 2019 exported 5,960 tonnes of cheese, which is 14% less than in the same period in 2018.
According to customs statistics released by the State Fiscal Service, in monetary terms exports amounted to $21.97 million, which is 14.7% less than the figure for the ten months of 2018.
At the same time, cheese imports in January-October 2019 amounted to 17,660 tonnes, which is 1.7 times more than the figure for the same period in 2018. In monetary terms, imports rose by 1.6 times, to $81.04 million.
Export of butter from Ukraine in January-October of this year decreased by 37.5%, to 16,320 tonnes, in money terms by 37.5%, to $67.94 million. Import of this product, according to the service, rose by 2.3 times, to 1,990 tonnes ($10.12 million).
In January-October, export of milk and cream (condensed) rose by 2.2%, to 32,740 tonnes. Ukraine supplied condensed milk and cream for a total of $69.63 million, which is 31.7% more than in January-October 2018. Imports of this group of goods decreased by 4%, to 1,810 tonnes ($3.99 million).
Ukraine in January-August 2019 exported 4,340 tonnes of cheese, which is 19.5% less than in the same period in 2018.
According to customs statistics released by the State Fiscal Service, in monetary terms exports amounted to $15.64 million, which is 22% less than the figure for the eight months of 2018.
At the same time, cheese imports in January-August 2019 amounted to 12,500 tonnes, which is 1.6 times more than the figure for the same period in 2018. In monetary terms, imports rose by 49.5%, to $57.27 million.
Export of butter from Ukraine in January-August of this year decreased by 34.3%, to 14,100 tonnes, in money terms by 37.2%, to $58.1 million. Import of this product, according to the service, rose by 33%, to 950 tonnes ($5.28 million).
In January-August, export of milk and cream (condensed) rose by 9.5%, to 29,170 tonnes. Ukraine supplied condensed milk and cream for a total of $61.85 million against $43.77 million in January-August 2018. Imports of this group of goods decreased by 6.6%, to 1,330 tonnes ($2.91 million).
The Ukrproduct Group, a large Ukrainian producer of packaged butter and processed cheese, saw GBP 0.74 million of net profit in H1, 2019 that is 1.8 times more than over the same period in 2018.
According to the company’s report posted on the London Stock Exchange, Ukrproduct revenue saw 1.5-fold rise, reaching GBP 22.24 million, and gross profit grew by 1.55 times, up to GBP 1.93 million.
Through the first six months of 2019 operating profit of the company totaled GBP 0.4 million compared with operating loss of GBP 0.19 million in H1 2018.
As at June 30, 2019, the group had total liabilities of GBP 16.8 million against GBP 15.1 million in 2018, net assets and net assets of GBP 1.3 million million with cash balances of GBP 0.2 million.
According to the group, the main drivers of revenue growth were butter, beverages and processed cheese. The Company estimates that Ukrproduct’s butter market share in Ukraine has increased by approximately 3% to 10.1% when comparing H1 2019 with H1 2018, whilst market share in processed cheese and processed cheese products has decreased by approximately 0.3% to 8.5% when comparing H1 2019 with H1 2018.
“However, in the first half of 2019, Ukrproduct became the top exporter of processed cheese in Ukraine. Hard cheese sales decreased by 2%, whilst sales of bulk & packaged spreads increased by 17%,” the group said.
As the group said, sales of kvass beverage improved, driven by an active marketing strategy and the launch of a new product containing natural ingredients of juice and mint.
The most significant portion of the Group’s revenue comes from selling packaged butter and supplementary products, which represented 57.2% in the first half of 2019 and 45.9% in first half of 2018 of total revenue for the relevant periods.
Export sales of Ukrproduct increased due to rising export sales in supplementary products, however, export sales of packaged butter and spreads decreased overall. Skimmed milk products exports continue to decline as a result of worldwide prices being lower than domestic market prices.
The Group continues to expand export sales into non-dairy products: beverages and other food commodities.
Ukrproduct Group produces branded dairy goods (the Nash Molochnyk, Narodny Produkt, Vershkova Dolyna and other trademarks).
Ukraine in January-July 2019 exported 3,670 tonnes of cheese, which was 19.4% less that in January-July 2018. According to customs statistics released by Ukraine’s State Fiscal Service (SFS), cheese exports in monetary terms amounted to $13.08 million, which was 23% lower than the figure for the first seven months of 2018.
At the same time, imports of cheese in January-July 2019 totaled 10,380 tonnes, which was 1.6 times more than in January-July last year. The imports in monetary terms increased 46.2%, to $47.79 million.
Exports of Ukrainian creamery butter in January-July 2019 decreased 32.9%, to 12,890 tonnes. The exports in monetary terms decreased 35.3%, to $53 million. Imports of creamery butter, according to the SFS, decreased by 7.2%, to 591 tonnes ($3.7 million).
In January-July 2019, exports of condensed milk and cream grew by 19.1%, to 26,640 tonnes. Ukraine supplied condensed milk and cream to the tune of $56.64 million, which was 1.5 times more than in January-July 2018. Their imports decreased 9.5%, to 1,100 tonnes ($2.37 million).
As reported, Ukraine in 2018 imported 13,720 tonnes of cheese (37.1% up from 2017) and exported 8,340 tonnes of cheese (7.8% down from 2017). Last year, exports of butter remained at the level of 2017, imports increased slightly, to 1,100 tonnes. Exports of condensed milk and cream totaled 35,550 tonnes (24.1% down from 2017), imports were 2,360 tonnes (38.6% up from 2017).
