Prices in the Ukrainian industry in August 2021 increased by 5.4%, while in July – by 2.6%, in June – by 2.4%, in May – by 3.6%, in April – by 1.2%, in March – 1.6%, in February – 7.8%, and in January – 5.2%, the State Statistics Service reported on Friday.
According to it, in annual terms (in relation to the same month last year) in August 2021 prices in industry increased by 46.5%, in July – by 42.2%, in June – by 39.1%, in May – by 33.1%, in April – by 27.8%, in March – by 26.3%, in February – by 26.6%, and in January 2021 – by 17.6%.
Over eight months of 2021, the growth in prices of industrial producers amounted to 32.4% compared to the same period in 2020.
The State Statistics Service clarifies that within Ukraine, prices of industrial producers in August versus July 2021 increased by 8.2%, while for deliveries outside the country they decreased by 4.0%.
According to the statistics service, in the mining industry and quarrying in August this year, compared with the previous month, production fell by 2.2%. The growth in prices in the extraction of coal was 2.3%, in the extraction of crude oil and natural gas – 2.2%, while prices in the extraction of metal ores decreased by 7.4%.
Prices increased for the supply of electricity and gas – by 26.3%, in energy generation – by 19.3%, in production of chemical products – by 2.0%, in production of rubber and plastic products – by 1.6%, in production of investment goods – by 1.4%, in production of coke and petroleum products – by 1.2%, in production of electrical equipment – by 1.2%, durable goods – by 1.1%, in mechanical engineering – by 0.9%, and in production of wood products – by 0.6%. Prices for pharmaceutical products increased by 0.4%.
At the same time, prices fell in sugar production – by 3.3%, in metallurgy – by 3.2%, in production of intermediate consumption goods – by 2.1% and in production of non-durable goods – by 0.3%.
According to the updated draft of the Second Nationally Determined Contributions of Ukraine to the Paris Agreement (NDCs2), CO2 emissions from industrial enterprises of Ukraine will grow by 16% by 2030 from the level of 2019, Minister of Ecology and Natural Resources Roman Abramovsky has said in an exclusive interview with the Green Deal portal.
“According to our calculations, industrial emissions by 2030 will grow by 16% from the level of 2019. That is, they will not decrease. On the contrary, they will increase. However, in this way, the ambitions of key companies to increase the rate of industrial production were taken into account,” the minister said.
According to him, the sectoral goals of NDCs2 for the Ukrainian industry were coordinated with the Ministry of Economy, while noting that it was with this ministry that the most difficult negotiations were going on to agree on the indicators.
“The most difficult discussion was with the Ministry of Economy, since they are responsible for many sectors. At the same time, the new leadership of the Ministry of Economy, First Deputy Prime Minister Oleksiy Liubchenko should be commended, because immediately after his appointment, we met and I explained to him all our forecasts. He immediately appointed a person responsible for NDCs2, and on the second day our team held a briefing for the new managers, “Abramovsky said.
In addition, as the minister said, the Ministry of Ecology also held difficult negotiations with the Ministry of Energy and NPC Ukrenergo, as a result of which the ministry was forced to increase emission standards for the energy sector.
“For example, if initially we modeled an indicator of 34 million tonnes of CO2 emissions in 2030 in the energy sector, then after consultations we came to the conclusion that it would be more correct to envisage 48 million tonnes in 2030, based on the provisions of the System Adequacy Report,” Abramovsky said.
Industrial production in Ukraine in May 2021 increased by 5.4% compared to May 2020, while in April the growth was 13%, in March – 2.1%, and in February and January there was a decline, respectively by 4.6% and 4%, the State Statistics Service has said.
The agency clarified that, adjusted for the effect of calendar days, the growth of industrial production in the past month was the same – 5.4%.
The State Statistics Service indicates that from April this year, industrial production fell by 3.4%, and taking into account the seasonal adjustment – by 3%.
In processing industry in May 2021 from May 2020 the growth was 6.3%, in extracting industry and quarrying – 8%, while the supply of electricity, gas, steam and air conditioning recorded a decline of 3.5%.
In general, for the five months, the service recorded an acceleration in the growth of industrial production to 2.2% from 1.56% following the results of four months. In particular, the growth in processing industry was 2.5%, in the supply of electricity, gas, steam and conditioned air – by 2.9%, in mining industry and quarrying – by 1.2%.
Industrial production in Ukraine in March 2021 increased by 2.1% compared to March 2020, which was the first month of the introduction of quarantine due to COVID-19, and the growth adjusted for the effect of calendar days was 2.4%, the State Statistics Service has said.
The department indicated that the growth of industrial production in March 2021 amounted to 10.9% against the previous month, and on a seasonally adjusted basis – 1.8%.
In the supply of electricity, gas, steam and conditioned air in March 2021 from March 2020, an increase was 7.3%, in processing industry – 2.5%, while the reduction in production in extracting industry was 1.5%.
The State Statistics Service clarified that in the first quarter of 2021 in relation to the same period a year earlier, industrial production in Ukraine decreased by 2%, in particular in mining industry – by 2.8%, processing – by 3.3%, although the supply of electricity, gas and steam gains 4.1% due to substantially colder weather.
As reported, industrial production in Ukraine in 2020 fell by 5.2% after falling by 0.5% a year earlier. At the same time, in December last year, for the first time since May 2019, its growth was recorded compared to the same period last year – by 4.8%.
Deputy Minister of Economy – Trade Representative of Ukraine Taras Kachka expects to sign an agreement on the so-called industrial visa-free regime with the EU (ACAA Agreement) by the end of 2021.
“I hope that by the end of the year we will come to the signing of the ACAA Agreement. The main effect will be in one thing – this is the greatest investment in the confidence in Ukrainian producers,” the Ministry of Economy quotes Kachka in a press release.
He added that the second phase of the quality infrastructure assessment is scheduled for September.
The Ukrainian industrial company Interpipe proceeds to expand its presence in the export markets, signing a three-year contract with Société Nationale Industrielle et Minière (SNIM) for supplying of 1,076 mm locomotive wheels according to the AAR standard.
The company said in a press release on Tuesday that SNIM is the only owner of 704 km railway infrastructure in Mauritania and is mainly operates large-scale freight transport.
The railway line connects the city of Zouérat, the center of country’s iron ore industry, with the port of Nouadhibou. The length of a single rolling stock consisting 200 wagons may be up to 2.5 km, so from two to four locomotives are usually used at the head of the railway train.
Director of Interpipe Railway Products Division Oleksndr Garkavij said that locomotive wheel is a technically complex product for North African countries. “Their wear resistance indicators have to be at a high level in sandy deserts. Moreover, Mauritanian trains are one of the longest and heaviest in the world. Our strategy is to continue increasing the share of export deliveries of railway products,” he said.
Interpipe is global producer of steel pipes and railway wheels, based in Ukraine. The company’s products are marketed in more than 80 countries all around the world via the network of sales offices located in key markets of Ukraine, Europe, North America and the Middle East. In 2020, Interpipe supplied 662,000 tonnes of finished goods, including 192,000 tonnes of railway products.
The ultimate owner of Interpipe Limited is Ukrainian businessman Victor Pinchuk and his family members.