Uzbekistan: Biological Product Market 2024

Biological Product Market Size in Uzbekistan

The Uzbek biological product market dropped markedly to $X in 2022, waning by X% against the previous year. In general, consumption, however, continues to indicate resilient growth. Over the period under review, the market reached the peak level at $X in 2021, and then dropped sharply in the following year.

Biological Product Production in Uzbekistan

In value terms, biological product production declined to $X in 2022 estimated in export price. Overall, the total production indicated a modest expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2019 indices. The pace of growth appeared the most rapid in 2018 with an increase of X%. Biological product production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Biological Product Exports

Exports from Uzbekistan

Biological product exports from Uzbekistan plummeted to X kg in 2022, reducing by X% on the year before. In general, exports, however, showed a resilient increase. The growth pace was the most rapid in 2018 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X kg in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, biological product exports dropped dramatically to $X in 2022. Overall, exports, however, recorded a buoyant increase. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X, and then contracted markedly in the following year.

Exports by Country

Azerbaijan (X kg) was the main destination for biological product exports from Uzbekistan, accounting for a X% share of total exports. Moreover, biological product exports to Azerbaijan exceeded the volume sent to the second major destination, Kazakhstan (X kg), twofold. The third position in this ranking was held by Armenia (X kg), with an X% share.

From 2017 to 2022, the average annual growth rate of volume to Azerbaijan stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kazakhstan (X% per year) and Armenia (X% per year).

In value terms, Azerbaijan ($X) emerged as the key foreign market for biological products exports from Uzbekistan, comprising X% of total exports. The second position in the ranking was taken by Kazakhstan ($X), with a X% share of total exports. It was followed by Armenia, with a X% share.

From 2017 to 2022, the average annual growth rate of value to Azerbaijan amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kazakhstan (X% per year) and Armenia (X% per year).

Export Prices by Country

In 2022, the average biological product export price amounted to $X per kg, dropping by X% against the previous year. Overall, the export price saw a pronounced setback. The most prominent rate of growth was recorded in 2021 an increase of X%. As a result, the export price reached the peak level of $X per kg, and then fell significantly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Azerbaijan ($X per kg), while the average price for exports to Tajikistan ($X per kg) was amongst the lowest.

From 2017 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Tajikistan (X%), while the prices for the other major destinations experienced mixed trend patterns.

Biological Product Imports

Imports into Uzbekistan

In 2022, after five years of growth, there was significant decline in overseas purchases of biological products, when their volume decreased by X% to X tons. Overall, imports, however, saw a strong increase. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of X tons, and then dropped significantly in the following year.

In value terms, biological product imports fell sharply to $X in 2022. In general, imports, however, saw a significant expansion. The pace of growth appeared the most rapid in 2021 when imports increased by X%. As a result, imports reached the peak of $X, and then contracted significantly in the following year.

Imports by Country

Russia (X tons), the United States (X tons) and India (X tons) were the main suppliers of biological product imports to Uzbekistan, with a combined X% share of total imports.

From 2017 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United States (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of biological products to Uzbekistan, comprising X% of total imports. The second position in the ranking was held by Belgium ($X), with a X% share of total imports. It was followed by Russia, with an X% share.

From 2017 to 2022, the average annual rate of growth in terms of value from the United States amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (X% per year) and Russia (X% per year).

Import Prices by Country

The average biological product import price stood at $X per ton in 2022, rising by X% against the previous year. Over the period under review, import price indicated a strong expansion from 2017 to 2022: its price increased at an average annual rate of X% over the last five years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, biological product import price increased by X% against 2018 indices. The pace of growth was the most pronounced in 2021 when the average import price increased by X%. The import price peaked in 2022 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

From 2017 to 2022, the most notable rate of growth in terms of prices was attained by the United States (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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