Business news from Ukraine

Business news from Ukraine

Egypt became largest supplier of salt to Ukraine in January-September

In January-September 2024, Ukraine imported 526.545 thousand tons of salt worth $69.844 million, which is 65.6% and 6.64% more than in the same period last year, respectively. According to statistics released by the State Customs Service (SCS), Egypt became the largest supplier of salt to Ukraine, accounting for 55.41% of total imports worth $38.7 million in January-September 2024.

Turkey and Romania accounted for 15.7% and 15.6% of supplies, for which these countries earned $10.96 million and $10.81 million, respectively.

A year earlier, Ukraine’s top three salt importers were Turkey with a 30.9% share, Egypt and Romania with 21.6% and 20.9%, respectively. Their revenues from salt sales amounted to $20.3 million, $14.11 million and $13.697 million, respectively.

In January-September 2024, Ukraine reduced its salt exports to a record low of 21 tons, for which it earned $21 thousand. Its buyers were Romania, which purchased 17 tons (80.9%), Moldova and Spain purchased 1 ton each, which amounted to 4.8% for each country.

A year earlier, salt exports amounted to 38 tons, for which Ukraine earned $155 thousand. The exports of this product, which decreased, were supported by Romania, which bought 35 tons (94.6%), and Moldova with 1 ton (2.7%).

As reported, in pre-war 2021, Ukraine exported 710.04 thousand tons of salt for $28.32 million, while in 2022 it fell fivefold in physical terms to 142.038 thousand tons, and revenue fell even more, to $3.82 million. In 2021, the main buyers of Ukrainian salt were Poland (39.1%), Hungary (27.4%), and Romania (7.3%). In 2021, Ukraine imported 142.81 thousand tons of salt worth $12.92 million.

After the occupation of the country’s largest salt producer, Artemsol, by Russian troops, Ukrainian salt exports amounted to only 149 tons for $32 thousand in the first half of 2023.

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Ukraine has increased salt imports by 65.6%

In January-September 2024, Ukraine imported 526.545 thousand tons of salt worth $69.844 million, which is 65.6% and 6.64% more than in the same period last year, respectively.
According to statistics released by the State Customs Service (SCS), Egypt became the largest supplier of salt to Ukraine, accounting for 55.41% of total imports worth $38.7 million in January-September 2024.
Turkey and Romania accounted for 15.7% and 15.6% of supplies, for which these countries earned $10.96 million and $10.81 million, respectively.
A year earlier, Ukraine’s top three salt importers were Turkey with a 30.9% share, Egypt and Romania with 21.6% and 20.9%, respectively. Their revenues from salt sales amounted to $20.3 million, $14.11 million and $13.697 million, respectively.
In January-September 2024, Ukraine reduced its salt exports to a record low of 21 tons, for which it earned $21 thousand. Its buyers were Romania, which purchased 17 tons (80.9%), Moldova and Spain purchased a ton each, which was 4.8% for each country.
A year earlier, salt exports amounted to 38 tons, for which Ukraine earned $155 thousand. Exports of this product were supported by Romania, which bought 35 tons (94.6%), and Moldova – a ton (2.7%).
As reported, in pre-war 2021, Ukraine exported 710.04 thousand tons of salt for $28.32 million, while in 2022 it fell fivefold in physical terms to 142.038 thousand tons, and revenue fell even more, to $3.82 million. In 2021, the main buyers of Ukrainian salt were Poland (39.1%), Hungary (27.4%), and Romania (7.3%). In 2021, Ukraine imported 142.81 thousand tons of salt worth $12.92 million.
After the occupation of the country’s largest salt producer, Artemsol, by Russian troops, Ukrainian salt exports amounted to only 149 tons for $32 thousand in the first half of 2023.

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Ukraine maintains ban on exports of gas, anthracite and salt for 2024

The Government of Ukraine has maintained zero quotas for the export of natural gas of Ukrainian origin, edible salt, anthracite, coal and coal briquettes, gold, silver, as well as precious metal waste and scrap for 2024.

The Cabinet of Ministers published Resolution No. 1402 of December 27 on the list of goods subject to licensing on its website.

According to the resolution, the quotas for the export of liquid fuel (fuel oil), which were in effect in 2023, were preserved – 540 thousand tons (no more than 60 thousand tons per month) and coking coal – 900 thousand tons.

In addition, the government has extended the ban on the export of fuel wood, wood chips or shavings for January-February 2023, after which the export of these goods will be removed from the list of licensed goods.

The licensing of wheat, rye, barley, oats, corn, soybeans, rapeseed and sunflower seeds, soybean, rapeseed, sunflower and mustard oil, and oilcake has also been retained.

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Ukraine has turned from salt exporter into importer – statistics

The share of imported salt in the Ukrainian market in January-June 2023 reached 15%, 211.737 thousand tons were purchased on foreign markets for $46.196 million.

According to statistics released by the State Customs Service (SCS), the largest supplier of salt to Ukraine remains Turkey, which provided 32.4% of all salt imports in the first half of 2023 and earned $14.966 million.

Egypt and Romania accounted for 23.3% and 17.7% of shipments, for which these countries earned $10.745 million and $8.174 million, respectively.

A year earlier, the top three importers of Ukrainian salt were Turkey with a market share of 29.8% of supplies, Poland and Romania with 22.8% and 19.8% respectively. Their revenue from its sale amounted to $7.492 million, $5.722 million and $4.969 million, respectively.

The State Customs Service recalls that in 2022, the share of imported salt in the domestic market totaled 15%. On foreign markets Ukraine purchased 438.105 thousand tons of salt for the amount of $92.116 million.

In 2021, the level of imported salt in Ukraine did not exceed 2%, which amounted to 142.813 thousand tons at $12.920 million.

For export in this pre-war year, Ukrainian enterprises supplied 710.041 thousand tons of salt, from the sale of which they received $28.323 million.

In 2022, Ukraine reduced salt exports by 80% to 142.038 thousand tons compared to 2021, with revenues of $3.821mn.

The main buyers of Ukrainian salt in 2021 and 2022 were Poland (import share of 39.1% and 44.4%, respectively), Hungary (27.4% and 27.3%) and Romania (7.3% and 5.1%).

In the first half of 2023, exports of Ukrainian salt amounted to only 149 tons at $32 thousand. It was bought by Romania (93.5% of supplies) and Moldova (3.2%).

Earlier, the analytical “Club of Experts” analyzed the situation with export and import of salt in Ukraine, for more details see the link

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Salt deposit in Transcarpathia can fully provide Ukraine with technical salt

Kation Invest LLC (village of Tereblya, Transcarpathian region) has begun the development of the Bushty salt deposit on the territory of the Bushty community of the Tyachevsky district of the Transcarpathian region, which will fully meet the needs of Ukraine in technical salt, the head of the Transcarpathian Regional Military Administration (OVA) said. Viktor Mikita on Facebook.

He specified that the company expects to produce the first batches of salt within six months. In total, the field allows to produce up to 150 thousand tons per month by underground extraction through boreholes located on the surface of the earth.

“Unfortunately, due to the hostilities in the Donetsk region, the Artemsol state enterprise, which provided 100% of the country’s needs, stopped. To fulfill certain tasks to cover the country’s food security, Transcarpathia was involved in this difficult, but extremely important work. After preliminary geological research, a colossal salt layer starting from 35m to 500m,” he said.

According to Mikita, Cation Invest has already begun engineering work on the construction of an access road, marking drilling sites, equipped housing for workers, and also purchased modern equipment for deep industrial drilling.

“According to experts, in six months we will have the first mined salt. The deposit will be able to meet 100% of Ukraine’s demand for technical salt supplied to hold roads in the winter. Now the country’s need for technical salt is up to 450,000 tons per season” , – the head of the OVA emphasized.

In addition, it is planned to develop the infrastructure of the enterprise for the production of table salt for the needs of the population.

“We provided the investor with the most favorable conditions, agreed to consider additional options within the industrial park, allowing the enterprise to develop faster,” Mikita summed up.

According to the Unified State Register of Legal Entities and Individual Entrepreneurs, Kation Invest LLC with an authorized capital of UAH 4.3 million was established in 2014, 95% of its shares belong to Valentin Kondratiev and 5% to Igor Gerey.

As reported, the state-owned enterprise Artyomsol (Soledar, Donetsk region), previously the largest salt producer in Europe, stopped work in April indefinitely due to the invasion of Ukraine by Russian troops. The production process at the enterprise is impossible due to the shelling of Soledar by the Russians, damage to its salt mines and infrastructure.

As a result, Ukraine was forced to buy salt from Poland, Romania and Hungary.
Earlier, a video analysis of the state of the salt market in Ukraine and about the harm and benefits of salt for the human body was released on the YouTube channel “Club of Experts”. For more details, watch the video at the link

 

UKRAINIAN SUPERMARKET CHAIN “SILPO” RECORDED A FOURFOLD INCREASE IN SALT SALES IN JUNE

In June, the Silpo supermarket chain recorded a fourfold increase in sales of salt, 3.5 times soda, three times vinegar, and twice as much sugar as compared to June last year, the retailer’s press service reported.

As noted in the release, the excitement for these categories of goods was caused by a chain reaction after the news about the suspension of the work of the Artemsol enterprise in the Donetsk region. In particular, despite the fact that simultaneously with the suspension of the Silpo enterprise, sufficient volumes of salt were brought to Ukraine from Poland, Romania, Turkey and Bulgaria, the demand for salt quadrupled, and the very possibility of its shortage triggered an increase in demand for other social goods.

In June, sales of soda increased by 2.5 times, which Silpo delivers mainly from Turkey.

Certain interruptions in the supply of vinegar were observed in early June. There are two large vinegar producers in Ukraine, they depend on the supply of acetic acid from abroad, but they managed to establish supplies and stabilize the situation.

The sale of sugar has doubled. The supermarket chain coped with the increased demand by increasing the supplies of Ukrainian sugar producers.

The Silpo chain, which is part of the Fozzy Group, consists of 325 supermarkets in 60 cities of Ukraine and four Le Silpo deli markets in Kyiv, Dnipro, Kharkov and Odessa.

Fozzy Group is one of the largest Ukrainian retailers with more than 690 outlets throughout the country. The company develops retail chains of various formats: Silpo supermarkets, Fozzy Cash & Carry wholesale hypermarkets, Fora convenience stores, Thrash! discounters, Bila Romashka pharmaceutical supermarkets, Ringoo personal electronics stores.

According to Opendatabot, the founder of Silpo-Food LLC is PJSC Closed Non-Diversified Venture Corporate Investment Fund Retail Capital (100%, Kyiv), Vladimir Kostelman is the ultimate beneficiary.

According to the results of January-September 2021, Silpo’s trade turnover amounted to UAH 42.1 billion. “Club of Experts” has previously analyzed the shortage of salt in Ukraine and the impact of salt on the human body. For more details, see the video on the YouTube channel of the “Club of Experts” at the link

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