Report Update Nov 1, 2024

Uzbekistan - Essential Oils - Market Analysis, Forecast, Size, Trends and Insights

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Uzbekistan: Essential Oils Market 2024

Essential Oils Market Size in Uzbekistan

The Uzbek essential oils market reduced slightly to $X in 2022, which is down by -2.7% against the previous year. In general, consumption, however, recorded a slight increase. As a result, consumption reached the peak level of $X. From 2016 to 2022, the growth of the market failed to regain momentum.

Essential Oils Production in Uzbekistan

In value terms, essential oils production fell slightly to $X in 2022 estimated in export price. Over the period under review, production saw a mild expansion. The growth pace was the most rapid in 2015 with an increase of 166%. As a result, production reached the peak level of $X. From 2016 to 2022, production growth remained at a lower figure.

Essential Oils Exports

Exports from Uzbekistan

In 2022, the amount of essential oils exported from Uzbekistan surged to X kg, picking up by 150% against 2021 figures. Overall, exports, however, faced a dramatic contraction. Over the period under review, the exports reached the peak figure at X kg in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, essential oils exports surged to $X in 2022. In general, exports, however, recorded a dramatic decline. Over the period under review, the exports attained the peak figure at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Kazakhstan (X kg) was the main destination for essential oils exports from Uzbekistan, with a approx. 100% share of total exports.

From 2017 to 2022, the average annual rate of growth in terms of volume to Kazakhstan was relatively modest.

From 2017 to 2022, the average annual growth rate of value to Kazakhstan was relatively modest.

Export Prices by Country

In 2022, the average essential oils export price amounted to $X per ton, increasing by 1,152% against the previous year. Over the period under review, the export price enjoyed a remarkable increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Kazakhstan.

From 2017 to 2022, the rate of growth in terms of prices for the UK amounted to 0.0% per year.

Essential Oils Imports

Imports into Uzbekistan

In 2022, the amount of essential oils imported into Uzbekistan contracted rapidly to X tons, declining by -70.5% against 2021 figures. In general, imports recorded a deep contraction. The pace of growth appeared the most rapid in 2019 with an increase of 214% against the previous year. Imports peaked at X tons in 2021, and then contracted markedly in the following year.

In value terms, essential oils imports declined markedly to $X in 2022. Overall, imports saw a perceptible curtailment. The most prominent rate of growth was recorded in 2020 when imports increased by 75%. Over the period under review, imports reached the maximum at $X in 2021, and then reduced rapidly in the following year.

Imports by Country

Russia (X kg), Latvia (X kg) and India (X kg) were the main suppliers of essential oils imports to Uzbekistan, together accounting for 69% of total imports. Pakistan, China, Ukraine and Brazil lagged somewhat behind, together comprising a further 27%.

From 2017 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Pakistan (with a CAGR of +1,788.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Latvia ($X), Russia ($X) and India ($X) constituted the largest essential oils suppliers to Uzbekistan, with a combined 70% share of total imports. China, Ukraine, Brazil and Pakistan lagged somewhat behind, together accounting for a further 21%.

In terms of the main suppliers, Brazil, with a CAGR of +22.2%, 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

In 2022, the average essential oils import price amounted to $X per ton, picking up by 20% against the previous year. Overall, import price indicated a resilient increase from 2017 to 2022: its price increased at an average annual rate of +5.7% over the last five years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, essential oils import price increased by +150.3% against 2019 indices. The growth pace was the most rapid in 2020 when the average import price increased by 99%. 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 China ($X per ton), while the price for Pakistan ($X per ton) was amongst the lowest.

From 2017 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+29.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for essential oils in the world?

The countries with the highest volumes of in 2021 were China, the United States and Germany, with a combined 40% share of global consumption. India, France, Russia, the UK, Indonesia, Ireland, Spain, Saudi Arabia, Mexico and Argentina lagged somewhat behind, together comprising a further 31%.

What are the largest producers of essential oils in the world?

The country with the largest volume of essential oils production was China, comprising approx. 23% of total volume. Moreover, essential oils production in China exceeded the figures recorded by the second-largest producer, Brazil, twofold. The third position in this ranking was occupied by India, with an 11% share.

What are the leading suppliers of essential oils to Uzbekistan?

In value terms, Russia constituted the largest supplier of essential oils to Uzbekistan, comprising 60% of total imports. The second position in the ranking was occupied by Switzerland, with a 12% share of total imports. It was followed by China, with a 5.5% share.

What is the average export price for essential oils in Uzbekistan?

The average essential oils export price stood at $23,778 per ton in 2021, standing approx. at the previous year.

What is the average import price for essential oils in Uzbekistan?

In 2021, the average essential oils import price amounted to $25,981 per ton, growing by 38% against the previous year.

This report provides an in-depth analysis of the essential oils market in Uzbekistan. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20531020 - Essential oils

Country coverage:

Uzbekistan

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Uzbekistan
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023