Uzbekistan: Market for Mixed Condiments, Sauses and Seasonings 2024

Market Size for Mixed Condiments, Sauses and Seasonings in Uzbekistan

The Uzbek market for mixed condiments, sauses and seasonings rose markedly to $X in 2022, with an increase of 14% against the previous year. In general, consumption enjoyed a mild expansion. Over the period under review, the market reached the maximum level in 2022 and is expected to retain growth in the immediate term.

Production of Mixed Condiments, Sauses and Seasonings in Uzbekistan

In value terms, mixed condiment, sause and seasoning production declined to $X in 2022 estimated in export price. In general, production, however, saw a modest expansion. The most prominent rate of growth was recorded in 2019 when the production volume increased by 31%. As a result, production reached the peak level of $X. From 2020 to 2022, production growth remained at a lower figure.

Exports of Mixed Condiments, Sauses and Seasonings

Exports from Uzbekistan

After two years of decline, overseas shipments of mixed condiments, sauses and seasonings increased by 1.8% to X tons in 2022. Overall, exports continue to indicate a significant expansion. The growth pace was the most rapid in 2018 when exports increased by 671% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, mixed condiment, sause and seasoning exports expanded notably to $X in 2022. In general, exports recorded a significant increase. The most prominent rate of growth was recorded in 2019 with an increase of 743%. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Russia (X tons), Turkmenistan (X tons) and Tajikistan (X tons) were the main destinations of mixed condiment, sause and seasoning exports from Uzbekistan, together accounting for 71% 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 Russia (with a CAGR of +119.7%), while the other leaders experienced more modest paces of growth.

In value terms, Russia ($X), Turkmenistan ($X) and Belarus ($X) constituted the largest markets for mixed condiment, sause and seasoning exported from Uzbekistan worldwide, together comprising 63% of total exports.

Russia, with a CAGR of +113.9%, saw the highest rates of growth with regard to 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

The average export price for mixed condiments, sauses and seasonings stood at $X per ton in 2022, surging by 9.1% against the previous year. In general, the export price, however, saw a pronounced contraction. The pace of growth appeared the most rapid in 2021 an increase of 31%. Over the period under review, the average export prices hit record highs at $X per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belarus ($X per ton), while the average price for exports to Tajikistan ($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 Tajikistan (+8.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Mixed Condiments, Sauses and Seasonings

Imports into Uzbekistan

In 2022, approx. X tons of mixed condiments, sauses and seasonings were imported into Uzbekistan; increasing by 41% on the year before. Overall, imports continue to indicate significant growth. The pace of growth was the most pronounced in 2019 with an increase of 90% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, mixed condiment, sause and seasoning imports skyrocketed to $X in 2022. Over the period under review, imports saw significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 93%. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, Russia (X tons) constituted the largest supplier of mixed condiment, sause and seasoning to Uzbekistan, with a 86% share of total imports. Moreover, mixed condiment, sause and seasoning imports from Russia exceeded the figures recorded by the second-largest supplier, Turkey (X tons), more than tenfold. Ukraine (X tons) ranked third in terms of total imports with a 2.7% share.

From 2017 to 2022, the average annual rate of growth in terms of volume from Russia amounted to +29.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+148.0% per year) and Ukraine (+59.2% per year).

In value terms, Russia ($X) constituted the largest supplier of mixed condiments, sauses and seasonings to Uzbekistan, comprising 88% of total imports. The second position in the ranking was taken by Kazakhstan ($X), with a 1.7% share of total imports. It was followed by Ukraine, with a 1.5% share.

From 2017 to 2022, the average annual rate of growth in terms of value from Russia stood at +45.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Kazakhstan (+155.6% per year) and Ukraine (+34.7% per year).

Import Prices by Country

In 2022, the average import price for mixed condiments, sauses and seasonings amounted to $X per ton, increasing by 12% against the previous year. Overall, import price indicated prominent growth from 2017 to 2022: its price increased at an average annual rate of +9.6% over the last five years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, mixed condiment, sause and seasoning import price increased by +61.9% against 2019 indices. The most prominent rate of growth was recorded in 2021 an increase of 42%. The import price peaked in 2022 and is expected to retain growth in years to come.

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 ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2017 to 2022, the most notable rate of growth in terms of prices was attained by China (+15.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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