Business news from Ukraine

IN UKRAINE, INITIAL REGISTRATION OF PASSENGER ELECTRIC CARS JUMPED BY 65%, SALES LEADER IS NISSAN LEAF

Primary registrations of electric vehicles (new and used) in Ukraine in June 2022 amounted to 1,055 units, including cars – 958 units, which is 65% more than in June 2021, the Ukravtoprom Association reports. Commercial vehicles registered 97 units. – 2.7 times more than in June 2021.
At the same time, in registrations of passenger electric vehicles, the share of new ones increased to 14% compared to 10% a year earlier, but in commercial registrations, as in June last year, only two cars were new.
The market leader in all-electric cars was once again the Nissan Leaf with 196 registrations, the second most popular was the Volkswagen ID.4 with a score of 72 cars, and the third place was the Volkswagen e-Golf with 70 units.
The fourth result belongs to TESLA Model 3 – 58 units, and the TOP-5 of June is closed by Renault Zoe, which has 57 registered cars.
According to the association, in January-June 2022, 4,145 thousand electric vehicles were registered, which is 14% more than in the first half of 2021.
As reported, in 2021, 8,872 electric vehicles were registered in Ukraine for the first time, which is 19% more than a year earlier, the share of new cars increased to 14% compared to 9%.

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IN JUNE SALES OF NEW CARS IN UKRAINE INCREASE BY 14% COMPARED TO MAY AND AMOUNTED TO 2.9 THOUSAND

Initial registrations of new passenger cars in June of this year amounted to 2.9 thousand units, which is 14% more than in May of this year, but three times (or 67%) less than in the same month of last year, according to “Ukravtoprom”. According to information on the association’s website, Toyota became the leader of the month (as in May of this year and June last year) with the registration of 456 cars, which is 11% more than in May 2022 (but 2.8 times less than in June 2021). ).
Second place belongs to Renault, which increased sales by 14% by May 2021 (but reduced by three times by June 2021) to 327 units.
The third most popular brand was the German brand Volkswagen, whose new cars were purchased by 263 Ukrainians – 56% more than in May. According to the statistics of Ukravtoprom, in June 2021 the brand was ranked 7th in the ranking with 384 cars registered, and in May 2022 it was fourth (169 cars).
Hyundai has the fourth result – 172 units, which is 7% more than in May, and closes the top five in June with a drop of 10% Skoda (in May it was the third in the ranking), whose car was chosen by 168 buyers.
Next in the ranking are Mitsubishi with 162 car registrations (in June 2021, 10th place with 367 cars), BMW with 120 cars (13th place with 260 units), Nissan with 102 car registrations (391 cars a year earlier and 6 place) and Mercedes with 94 units. (14th place with 248 cars).
The bestseller of the month was Renault Duster with 168 registrations.
According to Ukravtoprom, in total, in January-June, 17.8 thousand new cars received their first registration numbers, which is 2.7 times less than in the first half of 2021.
As reported, in 2021, the market for new passenger cars, according to Ukravtoprom, grew by 21% to 103.3 thousand units.

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VOLUME OF SALES OF FOREIGN CURRENCY BY NATIONAL BANK FROM JUNE 20 TO JUNE 24 DECREASED TO $933 MLN

The volume of currency sales by the National Bank of Ukraine from June 20 to June 24 fell to $933.02 million from $1 billion 55.6 million a week earlier.

According to the information of the National Bank on its website, last week it acquired $7.5 million, which is in the range of volumes of the last six weeks (from $5.5 million to $8.3 million).

Thus, the net sale of currency amounted to $925.5 million, which is better than last week, but still quite a lot – this is the third largest volume of weekly interventions since the beginning of the war.

As reported, the NBU raised the discount rate from 10% to 25% on June 3 in order to increase the attractiveness of the hryvnia and reduce pressure on the country’s international reserves. And earlier, from May 21, the National Bank canceled the upper limit of both the cash selling rate by banks in Ukraine and the hryvnia conversion rate into foreign currency on their cards outside the country, and also halved the ceiling for cashing hryvnia cards abroad – to the equivalent of 50 thousand .UAH per month.

These measures made it possible to reduce the volume of interventions in the first two weeks of June, but last week they rose again, exceeding $1 billion for the second time since the start of the war.

At the same time, thanks to the measures taken by the NBU, the dollar exchange rate on the “black” market fell from UAH 37.5-38.5/$1 with a significant reduction in the spread and almost equaled the rate in bank exchangers. Last week it was about 35.55-35.8 hryvnia/$1, this time the hryvnia grew a little – up to 35.4-35.6 hryvnia/$1.

As reported, NBU interventions in May rose to $3.4 billion from $2.2 billion in April, $1.78 billion in March, $0.31 billion in February and $1.31 billion in January.

Finance Minister Serhiy Marchenko previously predicted that Ukraine’s international financial support would rise to $4.8 billion in June from $1.5 billion in May. The National Bank of the country is also counting on such growth, whose international reserves in May decreased by about $2 billion to $25.1 billion. $3 billion or more.

In total, from the beginning of the year to June 24, the National Bank purchased $1 billion 848.6 billion and EUR110.97 million on the market, and sold $12 billion 156.1 million and EUR1 billion 789.11 million.

Including since the beginning of the war, the purchase of foreign currency amounted to $1 billion 191.7 million and EUR110.97 million, and the sale of $9 billion 385.9 million and EUR1 billion 789.11 million.

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KSG AGRO INCREASES REVENUE FROM PIG SALES BY 3% IN Q1 2022

The agricultural holding KSG Agro in January-March 2022 increased its revenue from the sale of pigs by 3% compared to January-March 2021, to $2.58 million.
The growth in sales was caused by an increase in the number of pigs in the agrarian group over the specified period by 17.6%, to 54,500 animals from 46,400 animals, and the offspring of animals – by 28.1%, to 32,300 animals from 25,200 animals, according to a press release from the agricultural holding on Wednesday.
“It is very important for us, especially from the point of view of food security, to increase sales of products. As a result, despite the conditions of martial law, we are able to help the Armed Forces of Ukraine and the defense forces by providing them with pork and other products,” KSG Agro quotes its board chairman Serhiy Kasyanov.
The vertically integrated holding KSG Agro is engaged in pig breeding, as well as production, storage, processing and sale of grains and oilseeds. Its land bank is about 21,000 hectares.
According to the agricultural holding itself, it is among the top five pork producers in Ukraine.

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SALES OF NEW PASSENGER CARS IN UKRAINE IN MAY INCREASED BY 2.1 TIMES COMPARED TO APRIL – UP TO 2.7 THOUSAND UNITS

Sales of new passenger cars in Ukraine in May 2022 increased by 2.1 times compared to April – up to 2.7 thousand units, but by May 2021 the drop was 69%, reports AUTO-Consulting.
“May brought quite good results for the new passenger car market. For the second month in a row, the market has almost doubled compared to the previous month. However, sales figures were 69% lower than in May 2021,” according to the website of the information and analytical group .
At the same time, according to its data, the decline in sales since the beginning of this year has slowed down a bit: 15.5 thousand cars were sold in five months (61% less), and dealer networks began to work actively.
By the end of May, Toyota became the sales leader, which managed to increase sales by 2.6 times compared to April (up to 412 cars), and this breakthrough made it possible to get ahead of Renault, which took second place in May with sales growth of 45% – up to 290 units. .
According to AUTO-Consulting, Volkswagen and Skoda are steadily increasing sales (keeping the third and fourth positions in the ranking with a 2.3-fold increase in sales by April and 90% respectively), which do not have problems with logistics.
Sales of Hyundai, which returned to fifth place (from sixth in April), also increased by almost 2.8 times, while BMW dealers more than tripled sales, which made it possible to move to sixth place against eighth a month earlier.
According to statistics provided by analysts, Nissan improved its position in the rating, increasing sales by 2.8 times – up to 120 units, and Kia managed to climb to eighth place from 14th in April with a growth of 3.6 times – up to 115 cars. Volvo dealers showed a significant improvement in their position, with sales growing from 7 cars in April to 51 in May.
“So the car market is reviving and gaining momentum, and this is a good sign. However, not all operators have yet been able to build new logistics and there is a subsidence in the market,” the group’s experts state.
They draw attention to the changing priorities of new car buyers during the war: if the Toyota Rav4 and Renault Duster are the constant leaders in sales, then in May the Kia Rio, Skoda Kodiaq and Toyota Yaris Cross also became leaders.
“May will be a record in the share of sales of electric vehicles. Ukrainian buyers have scooped up almost all available electric cars,” AUTO-Consulting emphasizes.
As reported with reference to Auto-Consulting data, in 2021 the market for new passenger cars grew by 20% to 103.65 thousand units.

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AGRICULTURAL HOLDING MHP REDUCES SALES OF CHICKEN MEAT IN UKRAINE IN JAN-MARCH BY 6%

MHP Agroholding sold 159.02 thousand tons of chicken meat in January-March 2022, which is 3% more than in January-March 2021, while its sales in Ukraine decreased by 6% to 66.8 thousand tons , and exports increased by 9% – up to 89.34 thousand tons, the agricultural holding said on the London Stock Exchange on Friday.
According to its production report, the agrarian group produced 175.64 thousand tons of chicken meat during the reporting period (+5% compared to the first quarter of 2021). Thus, the agricultural holding managed to sell 90.5% of its products.
“From the start of the war, the company faced serious logistical and infrastructural problems in Ukraine. While MHP continued commercial sales in Ukraine from the start of the war, export sales stopped due to the closure of seaports, and export deliveries by road remained almost impossible,” clarified the chicken producer of the consequences of Russian aggression.
MHP also noted that it was forced to reduce the capacity utilization of poultry farming to 80-85% of the nominal in March due to reduced demand for chicken meat in Ukraine and logistical difficulties in exporting its products, due to which the agricultural holding is forced to look for alternative export routes.
In January-March 2022, the share of chicken exports reached 56% against 53% in the same period in 2021.
MHP in the report noted an increase in the price of chicken for the reporting period by an average of 28% compared to the first quarter of 2021 – up to $1.84/kg (excluding VAT), including in Ukraine up to $1.6/kg (+8%) , in export markets – up to $2.01/kg (+45%). The increase in prices was mainly due to a significant increase in prices for energy resources (mainly natural gas) and utilities.

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