Uzbekistan: Chocolate Market 2024

Chocolate Market Size in Uzbekistan

The Uzbek chocolate market amounted to $X in 2022, picking up by 3% against the previous year. Overall, consumption enjoyed a prominent increase. Over the period under review, the market reached the peak level in 2022 and is expected to retain growth in the immediate term.

Chocolate Production in Uzbekistan

In value terms, chocolate production shrank slightly to $X in 2022 estimated in export price. Over the period under review, production recorded a pronounced shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 9%. Chocolate production peaked at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

Chocolate Exports

Exports from Uzbekistan

In 2022, approx. X tons of chocolate and cocoa products were exported from Uzbekistan; rising by 59% on the year before. Overall, total exports indicated a strong expansion from 2017 to 2022: its volume increased at an average annual rate of +11.9% over the last five years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +106.9% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, chocolate exports skyrocketed to $X in 2022. In general, exports showed a resilient expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Kazakhstan (X tons), Russia (X tons) and Azerbaijan (X tons) were the main destinations of chocolate exports from Uzbekistan, together comprising 49% of total exports.

From 2017 to 2022, the biggest increases were recorded for Azerbaijan (with a CAGR of +251.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for chocolate exported from Uzbekistan were Russia ($X), Kazakhstan ($X) and Azerbaijan ($X), with a combined 49% share of total exports.

Azerbaijan, with a CAGR of +244.2%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average chocolate export price amounted to $X per ton, rising by 2% against the previous year. Over the last five-year period, it increased at an average annual rate of +4.2%. The pace of growth was the most pronounced in 2021 when the average export price increased by 13%. Over the period under review, the average export prices attained the maximum in 2022 and is expected to retain growth in years to come.

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

From 2017 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Kyrgyzstan (+17.3%), while the prices for the other major destinations experienced more modest paces of growth.

Chocolate Imports

Imports into Uzbekistan

For the sixth year in a row, Uzbekistan recorded growth in purchases abroad of chocolate and cocoa products, which increased by 11% to X tons in 2022. In general, imports posted a significant expansion. The most prominent rate of growth was recorded in 2019 with an increase of 105% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, chocolate imports soared to $X in 2022. Over the period under review, imports showed a significant expansion. The most prominent rate of growth was recorded in 2019 when imports increased by 81% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, Russia (X tons) constituted the largest chocolate supplier to Uzbekistan, accounting for a 77% share of total imports. Moreover, chocolate imports from Russia exceeded the figures recorded by the second-largest supplier, Poland (X tons), more than tenfold. The third position in this ranking was taken by Ukraine (X tons), with a 4.9% share.

From 2017 to 2022, the average annual growth rate of volume from Russia amounted to +42.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+117.0% per year) and Ukraine (+12.0% per year).

In value terms, Russia ($X) constituted the largest supplier of chocolate and cocoa products to Uzbekistan, comprising 72% of total imports. The second position in the ranking was taken by Poland ($X), with a 6.7% share of total imports. It was followed by Ukraine, with a 5.7% share.

From 2017 to 2022, the average annual growth rate of value from Russia amounted to +40.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+108.7% per year) and Ukraine (+27.2% per year).

Import Prices by Country

In 2022, the average chocolate import price amounted to $X per ton, with an increase of 13% against the previous year. Over the last five years, it increased at an average annual rate of +1.2%. The most prominent rate of growth was recorded in 2021 an increase of 16%. The import price peaked in 2022 and is expected to retain growth in years to come.

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

From 2017 to 2022, the most notable rate of growth in terms of prices was attained by Ukraine (+13.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :