Experts: Ukraine by one third reduced the export of chocolate products due to the loss of the Russian market

Experts: Ukraine by one third reduced the export of chocolate products due to the loss of the Russian market


KIEV, November 11. Ukraine reduced the export of chocolate products from the beginning of year by 34%. The main reason is losing Russia as a market. To such conclusion experts of Association “Ukrainian club of agrarian business” (UCAB).

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“For January-October 2015 with Ukraine has exported to 53.3 thousand tons of chocolate, which is 34% less than similar indicators of last year”, – informed in the ASTP. In value terms, exports fell significantly – by 49%, from $243 million to $124 million, added the experts.

“The main reason for this decline was the almost complete cessation of exports to the Russian Federation, which was the main market for Ukrainian chocolate products”, – explained the data obtained in the ASTP. So, in the last 10 months in Russia had only exported 4 tons of chocolate, which is less than 1% in the export structure of this product. For comparison, in 2014 the share of Russia in total exports of Ukrainian chocolate was 30%, and in 2013 – 58%.

“Now the main external sales markets for Ukrainian chocolate remain Kazakhstan, Belarus and Azerbaijan,” said the club.

Association “Ukrainian agribusiness club” was founded in 2007 to protect the economic and professional interests of players of agribusiness in Ukraine. It includes the largest producers and processors of agricultural products in Ukraine.