Uzbekistan: Butter And Ghee Market 2024

Butter And Ghee Market Size in Uzbekistan

For the fourth year in a row, the Uzbek butter and ghee market recorded growth in sales value, which increased by X% to $X in 2022. In general, consumption, however, saw significant growth. Butter and ghee consumption peaked in 2022 and is expected to retain growth in the near future.

Butter And Ghee Production in Uzbekistan

In value terms, butter and ghee production fell slightly to $X in 2022 estimated in export price. Overall, production recorded a strong expansion. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. As a result, production reached the peak level of $X, and then reduced in the following year.

Butter And Ghee Exports

Exports from Uzbekistan

Butter and ghee exports from Uzbekistan surged to X tons in 2022, jumping by X% compared with 2021. Over the period under review, exports showed a significant expansion. The most prominent rate of growth was recorded in 2019 when exports increased by X% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, butter and ghee exports skyrocketed to $X in 2022. Overall, exports continue to indicate significant growth. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the near future.

Exports by Country

Georgia (X tons) was the main destination for butter and ghee exports from Uzbekistan, with a X% share of total exports. Moreover, butter and ghee exports to Georgia exceeded the volume sent to the second major destination, Iraq (X tons), more than tenfold.

From 2017 to 2022, the average annual growth rate of volume to Georgia totaled X%.

In value terms, Georgia ($X) remains the key foreign market for butter and ghee exports from Uzbekistan, comprising X% of total exports. The second position in the ranking was held by Iraq ($X), with an X% share of total exports.

From 2017 to 2022, the average annual growth rate of value to Georgia amounted to X%.

Export Prices by Country

In 2022, the average butter and ghee export price amounted to $X per ton, declining by X% against the previous year. Over the period from 2017 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. The export price peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Iraq ($X per ton), while the average price for exports to Georgia stood at $X per ton.

From 2017 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Georgia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Butter And Ghee Imports

Imports into Uzbekistan

In 2022, overseas purchases of butter and ghee decreased by X% to X tons for the first time since 2018, thus ending a three-year rising trend. Overall, total imports indicated a strong increase from 2017 to 2022: its volume 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, imports increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons, and then fell in the following year.

In value terms, butter and ghee imports expanded markedly to $X in 2022. Over the period under review, imports, however, posted a buoyant increase. The pace of growth appeared the most rapid in 2020 when imports increased by X%. Over the period under review, imports attained the peak figure in 2022 and are likely to continue growth in the near future.

Imports by Country

In 2022, France (X tons) constituted the largest supplier of butter and ghee to Uzbekistan, with a X% share of total imports. Moreover, butter and ghee imports from France exceeded the figures recorded by the second-largest supplier, New Zealand (X tons), threefold. Belarus (X tons) ranked third in terms of total imports with a X% share.

From 2017 to 2022, the average annual growth rate of volume from France totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: New Zealand (X% per year) and Belarus (X% per year).

In value terms, France ($X) constituted the largest supplier of butter and ghee to Uzbekistan, comprising X% of total imports. The second position in the ranking was held by Belarus ($X), with a X% share of total imports. It was followed by New Zealand, with an X% share.

From 2017 to 2022, the average annual rate of growth in terms of value from France totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Belarus (X% per year) and New Zealand (X% per year).

Import Prices by Country

In 2022, the average butter and ghee import price amounted to $X per ton, increasing by X% against the previous year. In general, import price indicated a prominent 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, butter and ghee import price increased by X% against 2017 indices. The pace of growth was the most pronounced in 2018 an increase of X% against the previous year. The import price peaked in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Belarus ($X per ton), while the price for Kyrgyzstan ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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