31/08/2023
Barometer of the advertising market of Ukraine from IAB Ukraine
For the second time since the beginning of the full-scale invasion, IAB Ukraine is investigating the state of affairs on the market. Which agencies have suspended their work, how are companies dealing with debts, are they looking for clients in international markets, how are things with advertisers.
We share the most important of the past month.
Agencies (38 companies surveyed):
✅ In April, 45% of surveyed advertising agencies (of those that had suspended their activities since the beginning of the invasion) resumed work. Compared to March, this number has increased. Only 3% of agencies still did not resume operations in April.
✅ In order to maintain existence, most companies cut salaries, canceled bonuses, and gave up the office.
✅ Half of the advertising agencies closed the obligations according to the acts of completed works.
✅ 45% of surveyed agencies already work with international clients.
✅ 92% of agencies participated in information resistance (advertising and information campaigns aimed at fighting the aggressor country). In total, more than 19 million hryvnias were spent on this.
Advertisers (27 companies surveyed):
✅ In April, the advertising activity of the surveyed companies increased. But the activity level of 50% has not yet been overcome.
✅ Like agencies, advertisers were forced to cut salaries (44% of companies), cancel bonuses and abandon offices.
✅ 34% of companies expect the renewal of advertising activity in the second half of 2022.
✅ 52% of advertisers have already closed their debt obligations. The rest plan to do so by the end of the year.
✅ Unlike agencies, only 11% of surveyed companies attracted foreign clients.
✅ More than half of the companies participated in the information resistance. In total, UAH 17.7 million was spent.