Uzbekistan: Market for Manufactured Tobacco, Extracts And Essences 2024

Market Size for Manufactured Tobacco, Extracts And Essences in Uzbekistan

The Uzbek market for manufactured tobacco, extracts and essences soared to $X in 2021, surging by 80% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption enjoyed a significant expansion. Over the period under review, the market attained the peak level in 2021 and is likely to see steady growth in the immediate term.

Exports of Manufactured Tobacco, Extracts And Essences

Exports from Uzbekistan

In 2021, the amount of manufactured tobacco, extracts and essences exported from Uzbekistan declined significantly to X tons, with a decrease of -71.1% compared with the year before. In general, exports, however, continue to indicate significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 488%. As a result, the exports reached the peak of X tons, and then shrank significantly in the following year.

In value terms, manufactured tobacco, extracts and essences exports contracted markedly to $X in 2021. Over the period under review, exports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2019 with an increase of 2,073% against the previous year. The exports peaked at $X in 2020, and then declined dramatically in the following year.

Exports by Country

Israel (X tons) was the main destination for manufactured tobacco, extracts and essences exports from Uzbekistan, with a 82% share of total exports. Moreover, manufactured tobacco, extracts and essences exports to Israel exceeded the volume sent to the second major destination, Tajikistan (X kg), ninefold.

From 2017 to 2021, the average annual rate of growth in terms of volume to Israel totaled +609.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Tajikistan (0.0% per year) and Russia (-87.1% per year).

In value terms, Israel ($X) remains the key foreign market for manufactured tobacco, extracts and essences exports from Uzbekistan, comprising 87% of total exports. The second position in the ranking was taken by Tajikistan ($X), with a 6.8% share of total exports.

From 2017 to 2021, the average annual growth rate of value to Israel amounted to +567.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Tajikistan (0.0% per year) and Russia (-85.3% per year).

Export Prices by Country

The average export price for manufactured tobacco, extracts and essences stood at $X per ton in 2021, with an increase of 99% against the previous year. Overall, the export price posted significant growth. The most prominent rate of growth was recorded in 2019 when the average export price increased by 2,766%. As a result, the export price attained the peak level of $X per ton. From 2020 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Israel ($X per ton), while the average price for exports to Russia ($X per ton) was amongst the lowest.

From 2017 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Kazakhstan (+16,818.3%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Manufactured Tobacco, Extracts And Essences

Imports into Uzbekistan

In 2021, manufactured tobacco, extracts and essences imports into Uzbekistan surged to X tons, increasing by 21% compared with 2020. Overall, imports continue to indicate noticeable growth. The pace of growth appeared the most rapid in 2018 when imports increased by 110%. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, manufactured tobacco, extracts and essences imports skyrocketed to $X in 2021. Over the period under review, imports showed a significant increase. The most prominent rate of growth was recorded in 2018 when imports increased by 96% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the immediate term.

Imports by Country

Russia (X tons), France (X tons) and Germany (X tons) were the main suppliers of manufactured tobacco, extracts and essences imports to Uzbekistan, with a combined 77% share of total imports.

From 2017 to 2021, the biggest increases were recorded for Germany (with a CAGR of +863.5%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, Russia ($X) constituted the largest supplier of manufactured tobacco, extracts and essences to Uzbekistan, comprising 45% of total imports. The second position in the ranking was held by Germany ($X), with a 22% share of total imports. It was followed by France, with a 4.9% share.

From 2017 to 2021, the average annual growth rate of value from Russia stood at +972.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+506.7% per year) and France (+3.0% per year).

Import Prices by Country

The average import price for manufactured tobacco, extracts and essences stood at $X per ton in 2021, rising by 38% against the previous year. Over the period under review, the import price continues to indicate significant growth. The growth pace was the most rapid in 2020 an increase of 202% against the previous year. Over the period under review, average import prices reached the peak figure in 2021 and is expected to retain growth in the immediate term.

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

From 2017 to 2021, the most notable rate of growth in terms of prices was attained by Russia (+29.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :