Retail in 2024: The big picture
Retail registered current value growth in Ukraine in 2024. The market continued to be shaped by the pressures of Russia’s full-scale war and inflation, but demonstrated remarkable adaptability and regional differentiation.
Growing preference for domestic products
In 2024, Ukrainian consumers showed a growing preference for domestic products, mirroring a trend observed in other European countries. This shift aligns with a broader emphasis on conscious consumption and responsible sourcing, as Ukrainian customers are increasingly seeking quality, safety, and ethical production.
Further digitalisation
2024 saw further digitalisation and format rebalancing across the retail landscape. E-commerce expanded its role, supported by greater smartphone penetration, improved payment systems, and faster delivery options.
What next for retail?
The outlook for retail in Ukraine over the forecast period is understandably uncertain. Everything will hinge on the progress of the war, which will in turn be heavily dependent on political decisions taken in the US and the EU.
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Overview:
Understand the latest market trends and future growth opportunities for the Retail 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.
Data and analysis in this report provides further detailed coverage dedicated to the following key categories, where applicable:
- Convenience Stores
- Discounters
- Hypermarkets
- Supermarkets
- Traditional Grocery Retailers
- Apparel and Footwear Specialist Retailers
- Electronics and Appliance Specialist Retailers
- Health and Beauty Specialist Retailers
- Home and Garden Specialist Retailers
- Department Stores
- Variety Stores
- Warehouse Clubs
- Direct Selling
- Homeshopping
- Vending
If you're in the Retail 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.
The Retail in Ukraine report includes:
- Analysis of key retail trends
- Detailed segmentation of offline and online retail sales
- Historic channel sizes (retail value sales, outlet counts, and selling space)
- Company and brand market shares (retail value sales and outlet counts)
- Five year forecasts of market trends and market growth
- Robust and transparent research methodology, conducted in-country
This report answers:
- What is the market size of Retail in Ukraine?
- Which are the leading retailers in Retail in Ukraine?
- How are products distributed in Retail in Ukraine?
- How is the rise of e-commerce and the expansion of modern grocery retail impacting traditional retail?
- How significant are discounters and private label in Ukraine?
- To what extent are sales shifting towards digital channels?
- What is the long-term outlook for bricks-and-mortar?
- How is macroeconomic and political uncertainty affecting the retail industry?
- What types of retailers are seeing the fastest growth in digital sales?
- What is the future of retail?
Retail in Ukraine
Retail in 2024: The big picture
Growing preference for domestic products
Further digitalisation
What next for retail?
Informal retail
Opening hours for physical retail
Seasonality
Christmas & New Year
DISCLAIMER
Convenience Retailers in Ukraine
KEY DATA FINDINGS
Convenience retailers quick to adapt
Evolution to key community hubs
Diversity of payment options ensures broad consumer base
Further growth anticipated
Private label to play key role
Growing role for autonomous vending technology
Supermarkets in Ukraine
KEY DATA FINDINGS
Players work to retain customers in challenging environment
Supermarkets players forced to optimise product mix and shelf space
Move towards omnichannel strategies
Ongoing focus on price
New formats and potential for subscription-based shopping
Sustainability and food security
Hypermarkets in Ukraine
KEY DATA FINDINGS
Exploration of smaller formats
Challenging environment
Adaptation and online development
Further refinement expected
Potential move towards hybrid formats
Focus on urban centres and regional models
Small Local Grocers in Ukraine
KEY DATA FINDINGS
Losing out to more modern formats
Growing competition from convenience stores
Owners struggle
Challenges set to persist even as market conditions improve
Enduring importance
Potential changes in policy and regulations
General Merchandise Stores in Ukraine
KEY DATA FINDINGS
Variety stores dominate
Spending shifts towards value-oriented products
Dynamic competitive environment
Ongoing challenges for department stores
Variety stores in line with evolving consumer focus
Important role for digital integration
Apparel and Footwear Specialists in Ukraine
KEY DATA FINDINGS
Store openings
International brands face challenges
Crucial role for omnichannel approaches
Online platforms becoming key
More store re-openings expected, with new mall offering opportunities
War shaping consumer preferences and retailer strategies
Appliances and Electronics Specialists in Ukraine
KEY DATA FINDINGS
Development despite macroeconomic challenges
Ongoing supply chain disruptions
E-commerce continues to grow in importance
Growing emphasis on energy efficiency
Shift to omnichannel approaches
Refurbished products, trade-ins and smart devices
Home Products Specialists in Ukraine
KEY DATA FINDINGS
New stores and new concepts
Focus on energy efficiency
Ongoing digitalisation
Pricing to remain a key consideration
Ongoing influence of digitalisation
Increasing interest in sustainability
Health and Beauty Specialists in Ukraine
KEY DATA FINDINGS
Innovation and expansion of the offer
Health and wellness trend supports expansion of pharmacies
Development of local brands, private label and online sales
Store openings and pursuit of omnichannel strategies
Ongoing digitalisation
Ethical consumerism to exert growing influence
Vending in Ukraine
KEY DATA FINDINGS
Diversification of product offer and emphasis on high-traffic areas
Shift in consumer preferences
War drives shift in product offer
Digital developments to support further growth
Potential for development of fresh food vending
Upmarket opportunities in vending
Direct Selling in Ukraine
KEY DATA FINDINGS
Direct selling remains resilient
Social character of direct selling supports sales
Digital transformation of direct selling
Direct selling benefits from reaching consumers underserved by other channels
Hybrid models set to dominate
Increasing influence of ethical consumerism
Retail E-Commerce in Ukraine
KEY DATA FINDINGS
Shift towards m-commerce
E-commerce benefits from broader digitalisation
Rozetka retains lead, while players focus on enhancing delivery
Central role for cross-border trade
Significant role for m-commerce and s-commerce
Delivery services key to competitiveness
The following categories and subcategories are included:
Retail
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- Convenience Stores
- Forecourt Retailers
- Supermarkets
- Hypermarkets
- Discounters
- Warehouse Clubs
- Food/Drink/Tobacco Specialists
- Small Local Grocers
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- Department Stores
- Variety Stores
- Apparel and Footwear Specialists
- Appliances and Electronics Specialists
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- Home Improvement and Gardening Stores
- Homewares and Home Furnishing Stores
- Pet Shops and Superstores
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- Beauty Specialists
- Pharmacies
- Optical Goods Stores
- Health and Personal Care Stores
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- Bags and Luggage Specialists
- Jewellery and Watch Specialists
- Sports Goods Stores
- Traditional Toys and Games Stores
- Other Non-Grocery Retailers
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- Fashion Vending
- Health and Beauty Vending
- Appliances and Electronics Vending
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- Alcoholic Drinks Vending
- Hot Drinks Vending
- Soft Drinks Vending
- Tobacco Products Vending
- Foods Vending
- Home Products Vending
- Other Products Vending
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- Apparel and Footwear Direct Selling
- Personal Accessories Direct Selling
- Eyewear Direct Selling
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- Beauty and Personal Care Direct Selling
- Consumer Health Direct Selling
- Tissue and Hygiene Direct Selling
- Appliances and Electronics Direct Selling
- Drinks and Tobacco Direct Selling
- Foods Direct Selling
- Home Products Direct Selling
- Other Products Direct Selling
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- Apparel and Footwear E-Commerce
- Personal Accessories E-Commerce
- Eyewear E-Commerce
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- Beauty and Personal Care E-Commerce
- Consumer Health E-Commerce
- Tissue and Hygiene E-Commerce
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- Consumer Appliances E-Commerce
- Consumer Electronics E-Commerce
- Toys and Games E-Commerce
- Drinks and Tobacco E-Commerce
- Foods E-Commerce
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- Home Care E-Commerce
- Home and Garden E-Commerce
- Pet Care E-Commerce
- Other Products E-Commerce
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- First-Party (1P) Marketplace E-Commerce
- Third-Party (3P) Marketplace E-Commerce
- Grocery E-Commerce
- General Merchandiser E-Commerce
- Apparel and Footwear Specialist E-Commerce
- Appliances and Electronics Specialist E-Commerce
- Home Products Specialist E-Commerce
- Health and Beauty Specialist E-Commerce
- Leisure and Personal Goods Specialist E-Commerce
- Other E-Commerce Retailers
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Retail
Retail is the sale of new and used goods to consumers from a business for personal or household consumption from retail outlets, kiosks, market stalls, vending, direct selling and e-commerce. Retail is the aggregation of Retail Offline and Retail E-Commerce. Excludes specialist retailers of motor vehicles, motorcycles, vehicle parts. Also excludes fuel sales, foodservice sales, rental transactions, and wholesale sales (e.g. Cash and Carry). Sales value excluding or including VAT/Sales Tax. Retail also excludes the informal retail sector. Informal retailing is retail trade which is not declared to the tax authorities. Informal retailing encompasses (a) sales generated by unregistered and unlicensed retailers, i.e. retailers operating illegally, and (b) any proportion of sales generated by a registered and licensed retailer that is not declared to the tax authorities. Unregistered and unlicensed retailers operate predominantly (although not exclusively) as street hawkers or operate open market stalls, as these channels are harder for the authorities to monitor than permanent outlets. Activities in the illegal market, which is usually understood to refer to trade in illegal, counterfeit or stolen merchandise, are included within our definition of informal retailing. Activities in the “grey market”, which is usually understood to refer to trade in legal merchandise that is sold through unauthorized channels – for example cigarettes bought legally in another country, legally imported, but sold at lower prices than in authorized channels – will be included as informal retailing if no tax is paid on sale by the retailer. However if the retailer pays tax – for example on cigarettes bought legally in another country but sold at a lower price than standard – the sale is included within formal retail.
See all of our definitionsWhy buy this report?
- Gain competitive intelligence about market leaders
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- Inform your marketing, brand, strategy and market development, sales and supply functions
This report originates from Passport, our Retail research and analysis database.
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