The Ukrainian cement market has reached a level of stabilization — study
The Ukrainian cement market has reached a level of stabilization after sharp fluctuations in 2021–2023, but production volumes remain almost half of pre-war levels. This is stated in an analysis by Experts Club prepared jointly with the Ukrtsement association. In 2021, cement output reached 11 million t, in 2022 it fell to 5.4 million t, and in 2023 it recovered to
The Ukrainian cement market has reached a level of stabilization after sharp fluctuations in 2021–2023, but production volumes remain almost half of pre-war levels. This is stated in an analysis by Experts Club prepared jointly with the association “Ukrtsement».
In 2021, cement output reached 11 million t, in 2022 it fell to 5.4 million t, in 2023 it recovered to 7.43 million t, and in 2024 to 7.93 million t. According to producers' estimates, the “ceiling” in 2025 is about 8 million t.
Consumption: 10.6 million t in 2021, 4.5 million t in 2022, 6.2 million t in 2023 and 6.3 million t in 2024. The market has thus stabilized at 6–6.5 million t — roughly half of pre-war demand.
The structure of demand has changed: instead of residential and commercial construction, infrastructure and defense projects dominate — fortifications, shelters, urgent repair of roads and bridges. Demand is additionally supported by state programs, including “eOselia.”
In 2025, experts expect a stable “wartime” demand to continue, sensitive to budget funding and donor assistance.
Experts Club is a Ukrainian think tank specializing in research on the economy, energy, macroeconomics, infrastructure, and export-import relations.
The cement market study by Experts Club is available in abridged form at the link – https://expertsclub.eu/rynok-czementu-ukrayiny-doslidzhennya-experts-club/
The Ukrtsement association unites the leading cement producers of Ukraine.