Year 2017 as a test for the Ukrainian mayonnaise market

17.02.2017

The mayonnaise market in Ukraine experienced hard times in the last two years. As a reminder, it passed a few development stages, beginning from the consumer market saturation period in 2003-2007, a slight production decline towards 2010 and subsequent stabilization in 2010-2013. The following period (2014-2015) saw a slump in outputs. So, mayonnaise production plummeted to 126.1 KMT in 2015 against a record 183.5 KMT in 2007. That was how mayonnaise makers responded to sinking demand both in the domestic and foreign markets.

In 2016, the fat-and-oil industry produced 124.6 KMT of mayonnaise. Although the downward trend in production was not reversed in 2016, the industry gradually regains its position in the mayonnaise market.

Full version of the article is available to subscribers for weekly market report “Black Sea Vegoils & CIS” and “Online market review” by UkrAgroConsult.

 

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