Uzbekistan: Cocoa Powder Market 2024

Cocoa Powder Market Size in Uzbekistan

The Uzbek cocoa powder market fell dramatically to $X in 2022, with a decrease of -43.5% against the previous year. In general, consumption recorded a abrupt downturn. As a result, consumption attained the peak level of $X, and then declined markedly in the following year.

Cocoa Powder Production in Uzbekistan

In value terms, cocoa powder production declined to $X in 2022 estimated in export price. In general, production, however, showed modest growth. The most prominent rate of growth was recorded in 2018 when the production volume increased by 36% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

Cocoa Powder Exports

Exports from Uzbekistan

In 2022, approx. X tons of cocoa powder (not sweetened) were exported from Uzbekistan; picking up by 212% on 2021 figures. In general, exports showed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, cocoa powder exports soared to $X in 2022. Overall, exports enjoyed a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 134%. As a result, the exports attained the peak of $X. From 2021 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Tajikistan (X tons), Kyrgyzstan (X tons) and Afghanistan (X tons) were the main destinations of cocoa powder exports from Uzbekistan, together comprising 94% of total exports.

From 2019 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Tajikistan (with a CAGR of +197.9%), while the other leaders experienced mixed trend patterns.

In value terms, Afghanistan ($X), Tajikistan ($X) and Kyrgyzstan ($X) constituted the largest markets for cocoa powder exported from Uzbekistan worldwide, with a combined 86% share of total exports.

Among the main countries of destination, Tajikistan, with a CAGR of +327.4%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average cocoa powder export price stood at $X per ton in 2022, reducing by -41.6% against the previous year. Overall, the export price showed a abrupt curtailment. The most prominent rate of growth was recorded in 2021 when the average export price increased by 13% against the previous year. As a result, the export price reached the peak level of $X per ton, and then declined dramatically in the following year.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Turkmenistan ($X per ton), while the average price for exports to Kyrgyzstan ($X per ton) was amongst the lowest.

From 2019 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Tajikistan (+43.5%), while the prices for the other major destinations experienced more modest paces of growth.

Cocoa Powder Imports

Imports into Uzbekistan

For the sixth consecutive year, Uzbekistan recorded growth in overseas purchases of cocoa powder (not sweetened), which increased by 3.9% to X tons in 2022. Overall, total imports indicated strong growth from 2017 to 2022: its volume increased at an average annual rate of +14.0% over the last five-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +92.3% against 2017 indices. The most prominent rate of growth was recorded in 2019 when imports increased by 63% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, cocoa powder imports shrank to $X in 2022. Over the period under review, imports enjoyed a strong expansion. The growth pace was the most rapid in 2019 when imports increased by 41% against the previous year. Imports peaked at $X in 2021, and then declined in the following year.

Imports by Country

Ghana (X tons), the Netherlands (X tons) and Turkey (X tons) were the main suppliers of cocoa powder imports to Uzbekistan, with a combined 63% share of total imports. China, Malaysia, Cote d'Ivoire, Germany, Lithuania and Spain lagged somewhat behind, together accounting for a further 34%.

From 2017 to 2022, the biggest increases were recorded for Cote d'Ivoire (with a CAGR of +377.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest cocoa powder suppliers to Uzbekistan were Ghana ($X), the Netherlands ($X) and Turkey ($X), together accounting for 63% of total imports. Malaysia, Cote d'Ivoire, China, Germany, Lithuania and Spain lagged somewhat behind, together comprising a further 33%.

In terms of the main suppliers, Cote d'Ivoire, with a CAGR of +401.0%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average cocoa powder import price stood at $X per ton in 2022, with a decrease of -10.5% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average import price increased by 24%. As a result, import price reached the peak level of $X per ton, and then reduced in the following year.

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

From 2017 to 2022, the most notable rate of growth in terms of prices was attained by Ghana (+11.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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