Uzbekistan: Odoriferous Substance Mixture Market 2024

Odoriferous Substance Mixture Market Size in Uzbekistan

For the eleventh year in a row, the Uzbek odoriferous substance mixture market recorded growth in sales value, which increased by 34% to $X in 2022. In general, consumption recorded a significant increase. Odoriferous substance mixture consumption peaked in 2022 and is expected to retain growth in years to come.

Odoriferous Substance Mixture Exports

Exports from Uzbekistan

In 2022, overseas shipments of mixtures of odoriferous substances and their preparations increased by 2,549% to X tons, rising for the second consecutive year after two years of decline. Overall, exports showed a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 29,792%. Over the period under review, the exports attained the peak figure in 2022 and are likely to continue growth in the near future.

In value terms, odoriferous substance mixture exports soared to $X in 2022. In general, exports recorded significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 1,973%. The exports peaked in 2022 and are likely to continue growth in years to come.

Exports by Country

Tajikistan (X tons) was the main destination for odoriferous substance mixture exports from Uzbekistan, accounting for a 63% share of total exports. Moreover, odoriferous substance mixture exports to Tajikistan exceeded the volume sent to the second major destination, Russia (X tons), threefold. Kyrgyzstan (X tons) ranked third in terms of total exports with an 8.4% share.

From 2017 to 2022, the average annual rate of growth in terms of volume to Tajikistan amounted to +12,117.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (0.0% per year) and Kyrgyzstan (+94.4% per year).

In value terms, Tajikistan ($X), Russia ($X) and Turkey ($X) constituted the largest markets for odoriferous substance mixture exported from Uzbekistan worldwide, together accounting for 78% of total exports.

In terms of the main countries of destination, Tajikistan, with a CAGR of +372.5%, recorded the highest rates of growth with regard to the value of exports, 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 odoriferous substance mixture export price amounted to $X per ton, falling by -92.8% against the previous year. Over the period under review, the export price showed a precipitous decrease. The pace of growth was the most pronounced in 2020 when the average export price increased by 8,771%. As a result, the export price attained the peak level of $X per ton. From 2021 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Turkey ($X per ton), while the average price for exports to Kyrgyzstan ($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 Turkey (+42.2%), while the prices for the other major destinations experienced mixed trend patterns.

Odoriferous Substance Mixture Imports

Imports into Uzbekistan

For the sixth consecutive year, Uzbekistan recorded growth in overseas purchases of mixtures of odoriferous substances and their preparations, which increased by 13% to X tons in 2022. Overall, imports enjoyed significant growth. The pace of growth was the most pronounced in 2021 with an increase of 49% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to see steady growth in years to come.

In value terms, odoriferous substance mixture imports skyrocketed to $X in 2022. In general, imports showed a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 55%. Imports peaked in 2022 and are likely to continue growth in the near future.

Imports by Country

Ireland (X tons), France (X tons) and Germany (X tons) were the main suppliers of odoriferous substance mixture imports to Uzbekistan, together comprising 70% of total imports. Turkey, Russia, Switzerland, Austria, China, Romania, Latvia and the United States lagged somewhat behind, together accounting for a further 22%.

From 2017 to 2022, the biggest increases were recorded for Switzerland (with a CAGR of +218.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Ireland ($X) and Germany ($X) appeared to be the largest odoriferous substance mixture suppliers to Uzbekistan, with a combined 87% share of total imports. Russia, Turkey, Switzerland, Austria, Latvia, Romania, China and the United States lagged somewhat behind, together comprising a further 9.7%.

In terms of the main suppliers, Switzerland, with a CAGR of +194.3%, recorded the highest rates of growth with regard to 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 odoriferous substance mixture import price amounted to $X per ton, with an increase of 21% against the previous year. Over the period from 2017 to 2022, it increased at an average annual rate of +4.9%. As a result, import price attained the peak level and is likely to continue 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 France ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2017 to 2022, the most notable rate of growth in terms of prices was attained by Romania (+20.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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