The Ukrainian cement market has stabilized after sharp fluctuations in 2021–2023, but production volumes remain almost half of what they were before the war. This is stated in an analysis by Experts Club, prepared in collaboration with the Ukrcement association.
In 2021, cement production reached 11 million tons, fell to 5.4 million tons in 2022, recovered to 7.43 million tons in 2023, and to 7.93 million tons in 2024. According to manufacturers’ estimates, the “ceiling” in 2025 will be around 8 million tons.
Consumption: 10.6 million tons in 2021, 4.5 million tons in 2022, 6.2 million tons in 2023, and 6.3 million tons in 2024. Thus, the market has stabilized at 6–6.5 million tons, which is about half of pre-war demand.
The structure of demand has changed: instead of residential and commercial construction, infrastructure and defense projects dominate — fortifications, shelters, urgent repairs of roads and bridges. Demand is additionally supported by state programs, including “єОселя.”
In 2025, experts expect stable “military” demand to continue, sensitive to budget financing and donor assistance.
Experts Club is a Ukrainian analytical center specializing in research on economics, energy, macroeconomics, infrastructure, and export-import relations.
A condensed version of the Experts Club’s cement market study is available at https://expertsclub.eu/rynok-czementu-ukrayiny-doslidzhennya-experts-club/
The Ukrcement Association brings together Ukraine’s leading cement producers.
