The commercial industrial gases market in Ukraine generated revenues of about $80 million in 2016. This is up from just under $40 million in 2006 – indicating an average annual growth rate of 8.2%.
Economic growth over the past decade (2006-2016) averaged at 1.1% p.a. This was distorted by periods of high growth at the beginning of the decade and massive contractions within the economy over the past few years. Industrial production (as measured by the industrial production index) had fallen from growth rates of around 3% in 2006-2012, to -5% in 2013-2016).
Report Data: 2017
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May 2015 seems an appropriate time to explore the industrial gases business in Eastern Europe. Little over a year since both political and military fighting erupted in eastern Ukraine, few could have foreseen quite how deep this conflict could run.
gasworld’s Business Intelligence team provides you with an insight into how the recent difficulties within Ukraine has impacted the nation’s industrial gas market.
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