Ukraine

[Last updated July 2024- data for year 2023 are not publicly available due to national security reason]

KEY FACTS

CHEMICAL INDUSTRY SNAPSHOT

A growing and efficient industry

Ukraine’s chemical industry consists of several branches: mining chemistry (extraction of raw materials), basic chemistry (production of mineral fertilizers, inorganic acids and soda), oil and coak, chemistry of organic synthesis (production of polymeric materials) and pharma-industry. Ukraine’s chemical industry recorded sales of approximately €5,2 billion in 2022, a decrease of approximately 1,7 % since 2021. The share of Ukraine’s chemical industry in the national output is 6,4% and 3,5 % in GDP of Ukraine in 2022. 

Employment levels

In 2022, the total employment in the Ukrainian chemical industry  was 125 851 people and 5694 companies. 

GDP

Ukraine’s GDP was $200,1 billion in 2021 and $160,5 billion in 2022. In total Ukraine had a GDP growth amounted to plus 3,4% in 2021 and it fell by 19,7% in 2022 due to the war with Russian Federation. 

HOW ARE WE DOING?

Strengths

• High level of innovation
• Excellence on safety
• Strong environmental protection
• Well-educated workforce
• Outstanding quality

Challenges

• Negative perceptions of the chemical industry and a tendency to supplement EU laws with national legislation
• High energy costs
• War conflict with Russian Federation

OUR CONTRIBUTION TO A COMPETITIVE EUROPE

The Ukrainian economy is under the stress now due to war conflict with Russian Federation. Information provided on the basis of year 2022 data as most of the statistic for year 2023 due to war situation in Ukraine is not publicly available yet. The existence of own natural resources (natural gas, coal, oil) and developed agriculture sector gives a great potential for chemical industry of Ukraine to grow. Advanced scientific base also gives a benefit to develop a new product. Existing nuclear power station of Ukraine and hydropower plants give a great opportunity to develop “green hydrogen” projects and become world exporter of “green” hydrogen. 

Further steps of Ukrainian Government towards EU community also gives a great opportunity to grow and mutual benefit of both EU and Ukraine chemical and agriculture sectors of economy.