Uzbekistan: Market for Gingerbread, Sweet Biscuits and Waffles 2024

Market Size for Gingerbread, Sweet Biscuits and Waffles in Uzbekistan

The Uzbek market for gingerbread, sweet biscuits and waffles amounted to $X in 2022, therefore, remained relatively stable against the previous year. Overall, consumption recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Gingerbread, Sweet Biscuits and Waffles in Uzbekistan

In value terms, gingerbread, sweet biscuit and waffle production expanded modestly to $X in 2022 estimated in export price. In general, production recorded a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of 12%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Exports of Gingerbread, Sweet Biscuits and Waffles

Exports from Uzbekistan

In 2022, approx. X tons of gingerbread, sweet biscuits and waffles were exported from Uzbekistan; picking up by 88% compared with 2021 figures. In general, exports posted significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, gingerbread, sweet biscuit and waffle exports soared to $X in 2022. Over the period under review, exports saw significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Kyrgyzstan (X tons), Tajikistan (X tons) and Kazakhstan (X tons) were the main destinations of gingerbread, sweet biscuit and waffle exports from Uzbekistan, with a combined 84% share of total exports.

From 2017 to 2022, the biggest increases were recorded for Kyrgyzstan (with a CAGR of +64.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for gingerbread, sweet biscuit and waffle exported from Uzbekistan were Kyrgyzstan ($X), Tajikistan ($X) and Kazakhstan ($X), with a combined 74% share of total exports. Turkmenistan, Russia, Azerbaijan and Afghanistan lagged somewhat behind, together accounting for a further 19%.

Russia, with a CAGR of +61.4%, saw the highest growth rate of 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 export price for gingerbread, sweet biscuits and waffles amounted to $X per ton, with an increase of 3.1% against the previous year. Over the last five years, it increased at an average annual rate of +1.5%. The most prominent rate of growth was recorded in 2019 an increase of 6.3%. Over the period under review, the average export prices reached the peak figure in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to Kyrgyzstan ($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 Kazakhstan (+5.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Gingerbread, Sweet Biscuits and Waffles

Imports into Uzbekistan

In 2022, imports of gingerbread, sweet biscuits and waffles into Uzbekistan surged to X tons, picking up by 23% on 2021. In general, imports enjoyed significant growth. The growth pace was the most rapid in 2019 with an increase of 103%. Imports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, gingerbread, sweet biscuit and waffle imports soared to $X in 2022. Over the period under review, imports enjoyed significant growth. The pace of growth appeared the most rapid in 2019 when imports increased by 111% against the previous year. Imports peaked in 2022 and are likely to continue growth in years to come.

Imports by Country

In 2022, Russia (X tons) constituted the largest gingerbread, sweet biscuit and waffle supplier to Uzbekistan, with a 70% share of total imports. Moreover, gingerbread, sweet biscuit and waffle imports from Russia exceeded the figures recorded by the second-largest supplier, Kazakhstan (X tons), sixfold. Ukraine (X tons) ranked third in terms of total imports with a 5.2% share.

From 2017 to 2022, the average annual rate of growth in terms of volume from Russia amounted to +50.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Kazakhstan (+58.1% per year) and Ukraine (+6.0% per year).

In value terms, Russia ($X) constituted the largest supplier of gingerbread, sweet biscuits and waffles to Uzbekistan, comprising 68% of total imports. The second position in the ranking was held by Kazakhstan ($X), with a 6.3% share of total imports. It was followed by Ukraine, with a 5.3% share.

From 2017 to 2022, the average annual rate of growth in terms of value from Russia amounted to +50.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Kazakhstan (+61.8% per year) and Ukraine (+32.6% per year).

Import Prices by Country

In 2022, the average import price for gingerbread, sweet biscuits and waffles amounted to $X per ton, picking up by 3.2% against the previous year. Over the period from 2017 to 2022, it increased at an average annual rate of +4.2%. The pace of growth appeared the most rapid in 2021 an increase of 37%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the near future.

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 Bulgaria ($X per ton), while the price for Kazakhstan ($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 (+25.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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