Business news from Ukraine

Business news from Ukraine

Imports of refrigerators and freezers to Ukraine increased by 21%

Imports of refrigerators, freezers and heat pumps to Ukraine in January-November this year increased by 21.3% in monetary terms compared to the same period in 2023, to $251.59 million, according to statistics from the State Customs Service.

According to the agency’s statistics, refrigeration and freezing equipment was imported mainly from China (32.3% of imports, or $81.3 million), Poland (23.7%, or $59.7 million) and Turkey (12.3%, or $30.8 million), while a year earlier, most of such equipment was imported from Poland (28%), followed by China (21%) and Turkey (15.2%).

At the same time, in November, imports of refrigeration and freezing equipment decreased by 5% to $17.3 million compared to November 2023.

Meanwhile, in January-November, Ukraine increased exports of such equipment by 56.7% to $68.05 million, in particular, exports to Poland increased 6.6 times to $13.52 million (almost 20% of exports of this equipment), to Kazakhstan – by 21.2% to $13.37 (19.7%), to Uzbekistan more than tripled to $7.53 million (11%).

For a long time, Ukraine’s largest producer of household refrigerators and freezers was the Nord plant in Donetsk, which was forced to shut down in 2016 due to the war and moved its refrigerator production to China.

On the distribution company’s website, the last message about the sale of equipment in the online store is dated June 2020.

In addition, KTD Group, which produces household appliances in Ukraine under the Saturn, ST, and Laretti brands, announced in February 2019 that it would launch a trial production of household refrigerators at a new plant in Cherkasy, but nothing has been known about this project since then.

In addition, the UBC Group, a commercial and industrial holding company with plants in Kharkiv and Vinnytsia, operates in the B2B refrigeration segment in Ukraine.

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