Uzbekistan: Market for Buttermilk And Buttermilk Powder 2024

Market Size for Buttermilk And Buttermilk Powder in Uzbekistan

In 2022, after three years of growth, there was significant decline in the Uzbek buttermilk and buttermilk powder market, when its value decreased by -28.5% to $X. Overall, consumption, however, posted a prominent increase. As a result, consumption attained the peak level of $X, and then shrank remarkably in the following year.

Production of Buttermilk And Buttermilk Powder in Uzbekistan

In value terms, buttermilk and buttermilk powder production reduced sharply to $X in 2022 estimated in export price. Over the period under review, production, however, posted strong growth. The growth pace was the most rapid in 2019 when the production volume increased by 118% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2022, production growth failed to regain momentum.

Exports of Buttermilk And Buttermilk Powder

Exports from Uzbekistan

In 2022, after two years of decline, there was significant growth in shipments abroad of buttermilk and buttermilk powder, when their volume increased by 634% to X tons. In general, exports, however, recorded a abrupt downturn. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, buttermilk and buttermilk powder exports soared to $X in 2022. Overall, exports, however, continue to indicate a abrupt decline. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Kazakhstan (X tons) was the main destination for buttermilk and buttermilk powder exports from Uzbekistan, with a 99% share of total exports. It was followed by Afghanistan (X kg), with a 0.3% share of total exports.

From 2017 to 2022, the average annual growth rate of volume to Kazakhstan totaled +72.2%.

In value terms, Kazakhstan ($X) emerged as the key foreign market for buttermilk and buttermilk powder exports from Uzbekistan, comprising 96% of total exports. The second position in the ranking was taken by Afghanistan ($X), with a 0.5% share of total exports.

From 2017 to 2022, the average annual growth rate of value to Kazakhstan stood at +83.1%.

Export Prices by Country

In 2022, the average buttermilk and buttermilk powder export price amounted to $X per ton, which is down by -26% against the previous year. Overall, export price indicated a resilient expansion from 2017 to 2022: its price increased at an average annual rate of +8.0% over the last five-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 an increase of 32%. As a result, the export price reached the peak level of $X per ton, and then contracted rapidly in the following year.

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

From 2017 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Afghanistan (+18.8%).

Imports of Buttermilk And Buttermilk Powder

Imports into Uzbekistan

In 2022, after five years of growth, there was significant decline in supplies from abroad of buttermilk and buttermilk powder, when their volume decreased by -7.3% to X tons. In general, imports, however, recorded a significant expansion. The pace of growth appeared the most rapid in 2018 when imports increased by 96% against the previous year. Over the period under review, imports reached the maximum at X tons in 2021, and then shrank in the following year.

In value terms, buttermilk and buttermilk powder imports surged to $X in 2022. Overall, imports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2019 with an increase of 97% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, Russia (X tons) was the main buttermilk and buttermilk powder supplier to Uzbekistan, accounting for a 94% share of total imports. It was followed by Belarus (X tons), with a 3.1% share of total imports.

From 2017 to 2022, the average annual rate of growth in terms of volume from Russia stood at +48.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Belarus (+172.5% per year) and Kyrgyzstan (+20.9% per year).

In value terms, Russia ($X) constituted the largest supplier of buttermilk and buttermilk powder to Uzbekistan, comprising 91% of total imports. The second position in the ranking was taken by Belarus ($X), with a 7.4% share of total imports.

From 2017 to 2022, the average annual growth rate of value from Russia amounted to +53.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Belarus (+187.7% per year) and Kyrgyzstan (+19.8% per year).

Import Prices by Country

In 2022, the average buttermilk and buttermilk powder import price amounted to $X per ton, rising by 55% against the previous year. In general, import price indicated a perceptible increase from 2017 to 2022: its price increased at an average annual rate of +4.5% over the last five years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price attained the peak level and is likely to continue 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 Belarus (+5.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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