CURRENT STATE AND DEVELOPMENT PROSPECTS OF THE UKRAINIAN CONSTRUCTION MATERIALS MARKET

Keywords: construction materials market, concrete mix, infrastructure, reconstruction, economic impact of the war

Abstract

The article presents an in-depth analysis of the current state of Ukraine's construction materials market, with a particular focus on the production of ready-to-use concrete mixtures. The research highlights key quantitative and qualitative indicators within this sector, examining the volume of production and sales from 2013 to 2023. This period encompasses substantial fluctuations, attributed to economic growth phases, market shifts, and the significant impact of Russia's full-scale invasion in 2022, which caused drastic disruptions in production capacities and market demand. The study identifies the main competitors in the ready-mix concrete market, offering an overview of the leading companies and their market shares as of 2024. Through comparative analysis, the article reveals that the largest players have maintained their dominant positions due to strategic participation in major infrastructure projects, superior logistics management, and access to essential raw materials. The analysis of competitive dynamics suggests that these companies have been better positioned to adapt to challenges posed by the wartime economy, securing their market shares in a volatile environment. In terms of methodology, the study employs a combination of statistical analysis and market observation techniques to capture trends and shifts in production and sales volumes. Data from the State Statistics Service of Ukraine and other local sources were utilized to provide an accurate depiction of the market landscape over the last decade. The findings underscore the need for the concrete production sector to evolve in response to ongoing challenges, including infrastructural damage, supply chain disruptions, and fluctuating demand. The practical implications of this research emphasize the necessity for Ukrainian manufacturers to rebuild and adapt their operational frameworks, prioritize logistics optimization, and implement innovative strategies to restore stability within the industry. As Ukraine embarks on a path toward economic recovery, the construction materials sector—particularly the concrete production industry—will play a pivotal role in supporting reconstruction efforts and fostering long-term growth.

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Published
2024-10-28
How to Cite
Holiuk, V., & Nerianova, I. (2024). CURRENT STATE AND DEVELOPMENT PROSPECTS OF THE UKRAINIAN CONSTRUCTION MATERIALS MARKET. Economy and Society, (68). https://doi.org/10.32782/2524-0072/2024-68-70
Section
ENTREPRENEURSHIP, TRADE AND STOCK EXCHANGE ACTIVITY