Ukraine: Livestock and Products Annual

Ukraine’s cattle inventory is expected to remain on its historical downward trend in 2023 and 2024. Exports of live cattle and beef will remain strong as lower disposable incomes result in decreased domestic demand. The major destination markets for Ukraine's livestock and beef products will remain the same, with North African and Middle Eastern countries being importers of live cattle and China being a major importer of beef. A significant pork price increase that started in 2022 and accelerated in 2023 inspired domestic production as pork imports became expensive for price-sensitive Ukrainian processors. Increased production is expected to nearly compensate for the import drop and remain high in 2024 as pork prices show no sign of decline in 2023. The EU is expected to remain the major exporter of pork to Ukraine. Ukraine is not a major exporter of pork. African Swine Fever is present in various regions making long-term export perspectives unclear.