Uzbekistan: Groundnuts Market 2025

Groundnuts Market Size in Uzbekistan

The Uzbek groundnuts market rose notably to $X in 2022, with an increase of 8.1% against the previous year. Overall, consumption recorded a strong increase. Over the period under review, the market hit record highs in 2022 and is likely to see steady growth in the immediate term.

Groundnuts Production in Uzbekistan

In value terms, groundnuts production rose to $X in 2022 estimated in export price. Overall, production saw buoyant growth. The most prominent rate of growth was recorded in 2019 when the production volume increased by 114% against the previous year. Groundnuts production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

The average yield of ground-nut (in-shell) in Uzbekistan shrank modestly to X tons per ha in 2022, declining by -1.6% against the previous year. Over the period under review, the yield, however, recorded a significant increase. The pace of growth was the most pronounced in 2017 when the yield increased by 340% against the previous year. As a result, the yield reached the peak level of X tons per ha. From 2018 to 2022, the growth of the average groundnuts yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the harvested area of ground-nut (in-shell) in Uzbekistan reached X ha, surging by 2.9% against 2021. In general, the harvested area, however, saw a abrupt downturn. The pace of growth was the most pronounced in 2019 when the harvested area increased by 25%. The groundnuts harvested area peaked at X ha in 2012; however, from 2013 to 2022, the harvested area remained at a lower figure.

Groundnuts Exports

Exports from Uzbekistan

In 2022, overseas shipments of ground-nut (in-shell) decreased by -17% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, exports saw a pronounced shrinkage. The most prominent rate of growth was recorded in 2018 with an increase of 86%. As a result, the exports attained the peak of X tons. From 2019 to 2022, the growth of the exports remained at a lower figure.

In value terms, groundnuts exports contracted rapidly to $X in 2022. Over the period under review, total exports indicated prominent growth from 2017 to 2022: its value increased at an average annual rate of +6.1% over the last five years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 with an increase of 75%. Over the period under review, the exports hit record highs at $X in 2021, and then reduced markedly in the following year.

Exports by Country

Azerbaijan (X tons), Pakistan (X tons) and Kazakhstan (X tons) were the main destinations of groundnuts exports from Uzbekistan, with a combined 63% share of total exports.

From 2017 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Azerbaijan (with a CAGR of +91.6%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for groundnuts exported from Uzbekistan were Pakistan ($X), Azerbaijan ($X) and Kazakhstan ($X), together accounting for 65% of total exports.

Azerbaijan, with a CAGR of +95.2%, recorded the highest growth rate of the value of exports, among 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

The average groundnuts export price stood at $X per ton in 2022, reducing by -12.7% against the previous year. Over the period under review, export price indicated prominent growth from 2017 to 2022: its price increased at an average annual rate of +9.4% over the last five-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, groundnuts export price increased by +66.5% against 2018 indices. The pace of growth was the most pronounced in 2019 when the average export price increased by 37%. The export price peaked at $X per ton in 2021, and then reduced in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Kyrgyzstan ($X per ton), while the average price for exports to Afghanistan ($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 Kyrgyzstan (+17.2%), while the prices for the other major destinations experienced more modest paces of growth.

Groundnuts Imports

Imports into Uzbekistan

In 2020, after two years of decline, there was significant decline in supplies from abroad of ground-nut (in-shell), when their volume decreased by -51.1% to X kg. In general, imports recorded a significant curtailment. Over the period under review, imports hit record highs at X tons in 2017; however, from 2018 to 2020, imports remained at a lower figure.

In value terms, groundnuts imports fell notably to $X in 2020. Overall, imports continue to indicate a abrupt decline. Imports peaked at $X in 2017; however, from 2018 to 2020, imports stood at a somewhat lower figure.

Imports by Country

In 2020, Kyrgyzstan (X kg) was the main groundnuts supplier to Uzbekistan, with a approx. 100% share of total imports.

From 2017 to 2020, the average annual growth rate of volume from Kyrgyzstan stood at -30.6%.

In value terms, Kyrgyzstan ($X) constituted the largest supplier of ground-nut (in-shell) to Uzbekistan.

From 2017 to 2020, the average annual growth rate of value from Kyrgyzstan totaled -10.0%.

Import Prices by Country

The average groundnuts import price stood at $X per ton in 2020, growing by 66% against the previous year. In general, the import price recorded significant growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

As there is only one major supplying country, the average price level is determined by prices for Kyrgyzstan.

From 2017 to 2020, the rate of growth in terms of prices for Kyrgyzstan amounted to +29.6% per year.

Source: IndexBox Platform

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