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The Ukraine electronics market in 2022 decreased by 40%.

The Ukraine electronics market in 2022 decreased by 40%.

The Ukraine electronics market

As the CEO of the Allo group of companies, Maksym Raskin, said, when discussing physical retail, there was a drop in visitor traffic. For example, in December 2022 (during the traditional holiday shopping season), traffic was lower by 14% compared to the same month in the previous year. As for online sales, internet traffic fell by almost half in December compared to the 2021 New Year season. In addition, the blackouts had an additional impact, Raskin noted. In general, commenting on the fall of the market, he called the war and the deterioration of the economic situation related to it, the fall in solvency, migration, and evacuation of people, particularly abroad, as the main reasons for the decline.

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