Ukrainian machine-building enterprises struggle to find alternatives to CIS markets – study

Ukrainian machine-building demonstrates a slow recovery in production and sales compared to other sectors of the economy. One of the reasons is that companies have not been able to find a replacement for traditional sales markets in the CIS countries due to barriers to entering Europe. In general, machine builders lack new orders compared to other companies.

However, the industry has recently become more optimistic. In particular, in terms of production growth. This is expected by 50% of respondents of the Institute for Economic Research and Policy Consulting (IER), according to its sectoral analysis for August 2024.

In general, the IER points to several factors that may indicate a crisis in the industry. LIGA.net has selected the most interesting findings from the study.

Ukrainian machine-building is recovering more slowly than other industries

The IER conducts quarterly surveys of enterprises in various sectors of the Ukrainian economy to determine indicators of the business climate and situation: production, sales and exports, expectations for the next three and six months, etc.

In the August survey, the IER interviewed 458 Ukrainian enterprises in different regions of Ukraine, including 37 machine-building companies.