Ukraine: Poultry and Products Semi-annual

Although it initially decreased after the war began, Ukraine’s chicken meat production remained stable in 2022. The production was impacted by significant cost increases predominately associated with more expensive trade logistics and a turbulent macroeconomic environment. Cheaper feeds somewhat compensated for these increases. The industry faced decreased domestic consumption due to the refugee crisis and population outflow. Decreased domestic demand allowed for the sustention of relatively high exports. Exports to the EU increased significantly due to the abolishment of the import quota and zeroing out of import tariffs. Production and exports are expected to rebound insignificantly in 2023, but the forecast is fragile due to war-related factors.