A Study of Ukrainian Dairy Industry: Financial Performance and Trends

Production of milk and dairy products is one of the key directions of the Ukrainian food industry. The development of this sector contributes to the food security of the state, as well as contributes to the development of its export potential. However, Ukraine’s dairy industry has experienced substantial structural transformations, with milk production declining to 9.8 million tonnes in 2020 – the lowest level since the country’s independence. The export of dairy products decreased by 33%, dropping to 541 thousand tonnes, while imports surged by 90% to 335 thousand tonnes. Therefore, the study aims to conduct a comprehensive assessment of milk and dairy production in Ukraine, evaluating the economic efficiency, concentration of dairy enterprises, and their financial performance. Utilising secondary data from the State Statistical Service of Ukraine and Emerging Markets Information System (EMIS), the research employs multivariate statistical methods to analyse industry trends. The practical importance of the study lies in providing actionable insights for industry stakeholders to improve milk production efficiency, dairy product competitiveness, and market stability.