Uzbekistan: Market for Cocoa Powder (Containing Added Sugar) 2024

Market Size for Cocoa Powder (Containing Added Sugar) in Uzbekistan

The Uzbek cocoa powder with sugar market dropped to $X in 2021, waning by -5.4% against the previous year. Over the period under review, consumption saw a mild reduction. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market remained at a lower figure.

Production of Cocoa Powder (Containing Added Sugar) in Uzbekistan

In value terms, cocoa powder with sugar production contracted to $X in 2021 estimated in export price. Overall, production recorded a mild shrinkage. The growth pace was the most rapid in 2017 when the production volume increased by 31%. As a result, production attained the peak level of $X. From 2018 to 2021, production growth failed to regain momentum.

Exports of Cocoa Powder (Containing Added Sugar)

Exports from Uzbekistan

In 2021, the amount of cocoa powder (containing added sugar) exported from Uzbekistan soared to X kg, jumping by 40% compared with 2020 figures. Over the period under review, total exports indicated a significant expansion from 2020 to 2021: its volume increased at an average annual rate of +40.3% over the last one-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, cocoa powder with sugar exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +30.3% from 2020 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Tajikistan (X kg) was the main destination for cocoa powder with sugar exports from Uzbekistan, accounting for a 83% share of total exports. Moreover, cocoa powder with sugar exports to Tajikistan exceeded the volume sent to the second major destination, Kyrgyzstan (X kg), fivefold.

From 2020 to 2021, the average annual rate of growth in terms of volume to Tajikistan was relatively modest.

In value terms, Tajikistan ($X) emerged as the key foreign market for cocoa powder (containing added sugar) exports from Uzbekistan, comprising 83% of total exports. The second position in the ranking was held by Kyrgyzstan ($X), with a 17% share of total exports.

From 2020 to 2021, the average annual growth rate of value to Tajikistan was relatively modest.

Export Prices by Country

The average cocoa powder with sugar export price stood at $X per ton in 2021, dropping by -7.1% against the previous year. Over the period under review, the export price saw a deep reduction. Over the period under review, the average export prices attained the maximum at $X per ton in 2020, and then declined in the following year.

Average prices varied noticeably for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Tajikistan ($X per ton), while the average price for exports to Kyrgyzstan stood at $X per ton.

From 2020 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Kyrgyzstan (-7.6%).

Imports of Cocoa Powder (Containing Added Sugar)

Imports into Uzbekistan

In 2021, approx. X tons of cocoa powder (containing added sugar) were imported into Uzbekistan; increasing by 98% on the year before. Overall, imports, however, continue to indicate a dramatic descent. Over the period under review, imports attained the peak figure at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, cocoa powder with sugar imports surged to $X in 2021. In general, imports, however, recorded a precipitous setback. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Malaysia (X kg) constituted the largest supplier of cocoa powder with sugar to Uzbekistan, accounting for a 22% share of total imports. Moreover, cocoa powder with sugar imports from Malaysia exceeded the figures recorded by the second-largest supplier, Poland (X kg), threefold. Lithuania (X kg) ranked third in terms of total imports with a 2% share.

From 2019 to 2021, the average annual growth rate of volume from Malaysia totaled -38.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (-37.4% per year) and Lithuania (-82.9% per year).

In value terms, Malaysia ($X) constituted the largest supplier of cocoa powder (containing added sugar) to Uzbekistan, comprising 42% of total imports. The second position in the ranking was held by Poland ($X), with a 4.5% share of total imports. It was followed by Lithuania, with a 2.8% share.

From 2019 to 2021, the average annual rate of growth in terms of value from Malaysia stood at -22.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (-66.0% per year) and Lithuania (-79.5% per year).

Import Prices by Country

The average cocoa powder with sugar import price stood at $X per ton in 2021, surging by 112% against the previous year. Overall, the import price, however, continues to indicate a abrupt decline. Over the period under review, average import prices attained the peak figure at $X per ton in 2019; however, from 2020 to 2021, import prices stood at a somewhat lower figure.

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

From 2019 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+25.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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