Industrial production in Ukraine fell by 4.8% y/y in January

The industrial production index in Ukraine fell by 4.8% in January 2025 compared to January 2024. Compared to the previous month, the index decreased by 11.1%. This is evidenced by data from the State Statistics Service.

During the month, production in metallurgy and finished metal products increased by 15.7% y/y, but decreased by 6.8% m/m, and in metal ore mining it increased by 2% y/y and 0.9% m/m.

In general, in the extractive and processing industries, the indicator decreased by 3.5% y/y and 12.9% m/m, in particular, in the mining and quarrying industry – by 0.8% y/y and 1.3% m/m, and in the processing industry – by 4.8% y/y and 17.7% m/m.

The supply of electricity, gas, steam and air conditioning in January 2025 fell by 11% y/y and 0.1% m/m. Electricity generation decreased by 13.3% y/y and increased by 1.6% m/m, while distribution decreased by 8.8% y/y and 0.1% m/m.

As GMK Center reported earlier, industrial production growth in Ukraine slowed to 3.6% y/y in 2024, while in 2023, industrial production grew by 6.8% y/y. The decline in production last year was due to the following factors

  • interruptions in energy supply due to missile strikes on energy infrastructure in the spring and summer of 2023;
  • increased production costs due to rising energy prices and hryvnia devaluation;
  • labor shortage.

Last year, output in the metal ore iron and steel sectors grew by 23% y/y and 19% y/y, respectively. Among other industries, the highest rates of industrial production were shown by the food industry (6.2%) and the production of construction materials (4.2%).

  • Global Market

Carbon prices in the EU increased by 7% in May

Carbon prices in the EU in May were characterized by volatility amid fluctuations in gas…

Sunday June 1, 2025
  • Global Market

Turkey increased steel production by 7% y/y in April

In April 2025, steel enterprises in Turkey increased steel production by 7% compared to April…

Saturday May 31, 2025
  • Global Market

EU imposes final anti-dumping duties on tinplate from China

The European Commission (EC) has announced its decision to impose final anti-dumping duties on imports…

Friday May 30, 2025
  • Companies

Poland’s JSW exceeded plans for coal production and sales in Q1

Poland's Jastrzębska Spółka Węglowa (JSW), the largest coking coal producer in the EU, has announced…

Friday May 30, 2025
  • Global Market

Turkey increased steel exports by 14.4% y/y in April

In April, Turkey increased steel exports by 14.4% y/y – to 1.2 million tons. In…

Friday May 30, 2025
  • Global Market

The EU has almost exhausted its annual quota for imports of Russian pig iron in 3 months

In the first quarter of 2025, European companies almost exhausted the annual quota for imports…

Friday May 30, 2025