PROSPECTS FOR UKRAINIAN PRODUCERS TO ENTER THE EU MARKET OF CABLE AND WIRE PRODUCTS

Abstract

This article investigates the potential for Ukrainian cable and wire manufacturers to access the European Union market, where a growing demand for energy-efficient and sustainable solutions is driven by the rapid expansion of renewable energy sources and an accelerated pace of digitalization across industries. The research provides an analysis of the European cable and wire market's current state and development trends, identifying the primary drivers of growth, including the expansion of smart grids and renewable energy projects. Emphasis is placed on the competitive landscape, detailing key industry players who lead the sector by meeting stringent EU regulations and embracing innovation to provide advanced cable solutions. The study examines the economic and regulatory barriers Ukrainian manufacturers face to penetrate the EU market, highlighting the rigorous product certification standards required for compliance, such as CE, CPR, RoHS, and REACH certifications. These standards ensure that products meet high requirements for quality, safety, and environmental impact, which are essential for market access but present significant challenges for companies unfamiliar with EU compliance processes. The article illustrates the strategic approaches, adjustments, and resource investments required to establish a foothold in this competitive environment by analyzing a successful case of a Ukrainian company entering the European cable and wire market. Furthermore, the article evaluates the export potential for Ukrainian cable products, noting the unique competitive advantages that Ukrainian manufacturers may leverage, such as cost-effective production and geographical proximity to the EU. The findings emphasize that Ukrainian producers can enhance their competitive position with targeted state support, a focus on meeting EU standards, and engagement in strategic partnerships with European companies. By developing these capabilities, Ukrainian cable manufacturers have the potential to meet the EU market's increasing demand and contribute to sustainable infrastructure projects that align with Europe's environmental goals. Thus, this research highlights the importance of an integrated approach that combines regulatory compliance, strategic partnerships, and innovation as Ukrainian manufacturers aim to capitalize on the growing opportunities within the European Union's dynamic cable and wire sector.