Assessment of the impact of industry factors on the pricing of autoclave aerated concrete products in Ukraine in 2011-2021
DOI:
https://doi.org/10.32347/2707-501x.2022.49(2).190-200Keywords:
enterprise, construction industry, construction, price, economic cycle, market, aerated concrete, pricing factors, factor analysis, correlation-regression analysisAbstract
The article assesses the impact of industry factors on the pricing of autoclaved aerated concrete (AAC) products in Ukraine in 2011-2021.
The authors have identified the main industry factors of price formation on the Ukrainian aerated concrete market from the supply and demand sides.
The authors also conducted a stochastic factor analysis of the dependence of prices for AGB on the prices of key raw materials for its production (M-400 cement and river sand). The analysis proved a high level of correlation between prices for AGB and key raw materials, which is due to the significant material intensity of production. An extremely high degree of correlation was also established between prices for the raw materials themselves, but the analysis showed that their prices can change in different directions, which allows them to be used in multifactor forecasting models.
The authors conducted a stochastic analysis of raw material prices from the influence of macroeconomic factors. He demonstrated that the volume of construction work has the least impact on the prices of raw construction materials, which makes them unsuitable for forecasting raw material prices. Average wages, average prices based on the CPI, and nominal GDP have a significant impact on raw material prices, as they affect both cost and demand. The exchange rate has a small impact, since there are no import components in the cost of raw materials.
Based on factor analysis, single-factor regression models were constructed that can be used to forecast cement and sand prices, which makes it possible to indirectly estimate future cost and prices for AGB.
Comparative analysis showed that in 2011–2021. prices for AGB grew more slowly than its cost, which led to a decrease in production profitability and the shutdown of some enterprises in the industry. This confirms the need to develop comprehensive mechanisms for regulating pricing for AGB as a socially significant production commodity.
The results of the study can be used by manufacturers, developers and state regulatory authorities to improve the efficiency of management decisions and form a reasonable pricing policy for AGB.
References
Zakharchenko, P. V., Sokha, V. H., Alaverdian, L. M., Rudchenko, D. H., et al. (2021). Dovidnyk po rynku materialiv dlia vnutrishnoho oblashtuvannia ta ozdoblennia prymishchen (za danymy 2020 r.) (according to 2020)] (pp. 120-121). KNUBA.
Skrypnyk, O. V. (2019). Faktornyi analiz tsin na kliuchovi syrovynni tovary dlia vyhotovlennia budivelnykh materialiv ta vyrobiv v Ukraini. Shliakhy pidvyshchennia efektyvnosti budivnytstva v umovakh formuvannia rynkovykh vidnosyn, 40, 119-129.
Skrypnyk, O. V. (2019). Otsinka vplyvu makroekonomichnykh ta haluzevykh faktoriv na tsiny vyrobiv z hazobetonu v Ukraini. Budivelne vyrobnytstvo, 66, 54-60.
Skrypnyk, O. V. (2020). Chynnyky zminy tsin na budivelni materialy ta napriamy yikh derzhavnoho rehuliuvannia v umovakh tsyklichnosti [Factors of construction materials price changes and directions of their state regulation under cyclical conditions]. Naukovyi pohliad: ekonomika ta upravlinnia, 3(69), 41–46.
Salii, I. (n.d.). Rynok budivelnykh materialiv Ukrainy: hlobalizatsiia i yevrointehratsiia [Construction materials market of Ukraine: globalization and European integration]. https://gazobeton.org/uk/node/633.
Syrotin, O. V. (2017). Rynok avtoklavnoho hazobetonu Ukrainy v 2017 r [Presentation]. Vseukrainska asotsiatsiia vyrobnykiv avtoklavnoho hazobetonu. https://www.slideshare.net/AEROC_Vinnitsa/2017-105999433.
Serdiuk, V. R., & Rudchenko, D. H. (2021). Zrostannia obsiahiv vyrobnytstva ta sfery vykorystannia hazobetonnykh blokiv [Growth of production volumes and scope of use of aerated concrete blocks]. Visnyk Vinnytskoho politekhnichnoho instytutu, 5, 7–18. https://lnk.ua/5pVJ3OLNP.
Serdiuk, V. R., & Rudchenko, D. H. (2021). Suchasni tendentsii vyrobnytstva hazobetonu avtoklavnoho tverdinnia [Modern trends in the production of autoclaved aerated concrete]. Naukovyi visnyk budivnytstva, 103(1), 235-243. http://nbuv.gov.ua/UJRN/Nvb_2021_103_1_35.
Pro consulting. (2021). Analiz rynku budmaterialiv [Analysis of the building materials market]. https://lnk.ua/3R4aa5d4J
Windapo, A., & Cattell, K. (2012). Examining the trends in building material prices: Built environment stakeholders' perspectives. https://lnk.ua/1zN2xdPe7.
Abdel-Wahab, M., Ibrahim, A. H., Ibrahim, H. M., & Abdel-Galil, E. Y. (2018). Factors affecting the cost of construction materials in Egypt. https://lnk.ua/1zN2xoPe7
Xue, H., Zhang, S., Su, Y., & Wu, Z. (2018). Capital cost optimization for prefabrication: A factor analysis evaluation model. Sustainability, 10, 159. https://doi.org/10.3390/su10010159.
Liu, S., Wu, J., Yue, Y., & Zhang, Y. (2019). Analysis of factors affecting the hidden costs of construction projects factor analysis. Open Access Library Journal, 6, e05665. http://dx.doi.org/10.4236/oalib.1105665.
Bielienkova O.Iu., Izmailova K.V., Moholivets A.A. Sutnist ekonomichnykh tsykliv ta yikh vplyv na finansovu stiikist budivnytstva. Naukovi pratsi NDFI. 2019. № 2. C. 138–150.
Tkachenko, Yu. O., & Skrypnyk, A. L. (2010). Antytsyklichne upravlinnia budivelnymy pidpryiemstvamy Ukrainy yak forma yikh zakhystu vid nehatyvnykh naslidkiv ekonomichnoi tsyklichnosti. Problemy systemnoho pidkhodu v ekonomitsi, 6, 18–29.
Diakova, Yu. V., & Skrypnyk, A. L. (2012). Doslidzhennia vplyvu ekonomichnoi tsyklichnosti na efektyvnist roboty pidpryiemstv budivelnoi haluzi. Budivelne vyrobnytstvo, 53, 76-81.
Moholivets, A. A. (2019). Mekhanizm derzhavnoho rehuliuvannia finansovoi stiikosti budivnytstva v umovakh ekonomichnoi tsyklichnosti [Mechanism of state regulation of financial stability of construction in conditions of economic cyclicality] [Candidate dissertation, specialty 08.00.03].
Larina, Ya. S., Skrypnyk, A. L., & Halchynska, Yu. M. (2011). Marketynhova tsinova polityka: navchalnyi posibnyk in Ukraine.
Ministerstvo rehionalnoho rozvytku ta budivnytstva Ukrainy. (2010, May 21). Shchodo indykatyvnykh tsin na osnovni budivelni materialy, vyroby ta konstruktsii [Regarding indicative prices for basic construction materials, products and structures] [Letter № 2/12-20/5742].
Ministerstvo rehionalnoho rozvytku ta budivnytstva Ukrainy. (n.d.). Reiestr tsin na budivelni materialy za danymy Ministerstva rehionalnoho rozvytku ta budivnytstva Ukrainy u 2010-2016 rr. [Register of prices for construction materials according to the Ministry of Regional Development and Construction of Ukraine in 2010-2016]. https://lnk.ua/YdNYyBkNM
TOV «Inproekt». (n.d.). Tsiny na osnovni budivelni materialy u rehionakh Ukrainy u 2016-2021 rr. [Prices for basic construction materials in the regions of Ukraine in 2016-2021]. https://www.inproekt.kiev.ua.
TOV «SSB Elektroniks». (n.d.). Tsiny na osnovni budivelni materialy u rehionakh Ukrainy u 2011-2021 rr. [Prices for basic construction materials in the regions of Ukraine in 2011-2021]. https://lnk.ua/k94y7j1VM
Derzhavna sluzhba statystyky Ukrainy. (n.d.). Statystychna informatsiia [Statistical information]. http://www.ukrstat.gov.ua.
Natsionalnyi bank Ukrainy. (n.d.). Official exchange rate of hryvnia against foreign currencies. https://bank.gov.ua/ua/markets/exchangerates.
Skrypnyk, O. (2020). Conceptual principles of pricing in the aerated concrete market in Ukraine in the context of economic cyclicality. Three Seas Economic Journal, 4, 139-145.
Downloads
Published
How to Cite
Issue
Section
License
This work is licensed under a Creative Commons Attribution 4.0 International License.
Authors who publish with this journal agree to the following terms:
- Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under a Creative Commons Attribution License that allows others to share the work with an acknowledgement of the work's authorship and initial publication in this journal.
- Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the journal's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgement of its initial publication in this journal.
- Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work (See The Effect of Open Access).
