Home paint is set to witness slower growth in Ukraine over the forecast period. This is based in part on the economic challenges stemming from Russia’s ongoing war in the country and geopolitical tensions, which may result in reduced consumer spending on non-essential items such as home renovation and decoration.
Sales of kitchen sinks are set to decline over the forecast period due to the market experiencing saturation with many households having already upgraded their kitchen fixtures in the post pandemic period, resulting in a decrease in replacement demand. Additionally, prevailing economic uncertainties, such as fluctuating inflation rates and currency devaluation, could impact consumer purchasing power, leading to a slowdown in discretionary spending on home improvement items like kitchen sinks.
Given challenging environment within Ukraine it is expected that many consumers will continue to look to carry out their own home repairs and maintenance projects over the forecast period, with this being seen as a good way to save money. In line with this trend, it is projected that drills – both corded and cordless – will continue to see steady growth in value terms (at constant 2023 prices) over the forecast period.
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Understand the latest market trends and future growth opportunities for the Home Improvement industry in Ukraine with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Home Improvement industry in Ukraine, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
Home Improvement
Includes: products purchased by consumers through retail channels.Excludes: commercial sales to professional builders / tradesmen / contractors etc. Home improvement refers to bathroom and sanitaryware, decorating sundries, floor covering, hand tools, hardware, home paint, kitchen sinks, power tools, wall covering and other home improvement.
See All of Our DefinitionsThis report originates from Passport, our Home Improvement research and analysis database.
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