Uzbekistan: Market for Candies, Sweets, and Nonchocolate Confectionery 2024

Market Size for Candies, Sweets, and Nonchocolate Confectionery in Uzbekistan

The Uzbek market for candies, sweets, and nonchocolate confectionery dropped to $X in 2022, which is down by -3.7% against the previous year. The market value increased at an average annual rate of +1.7% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Candy, sweets, and nonchocolate confectionery consumption peaked at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Production of Candies, Sweets, and Nonchocolate Confectionery in Uzbekistan

In value terms, candy, sweets, and nonchocolate confectionery production reduced slightly to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when the production volume increased by 49%. Over the period under review, production hit record highs at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

Exports of Candies, Sweets, and Nonchocolate Confectionery

Exports from Uzbekistan

In 2022, approx. X tons of candies, sweets, and nonchocolate confectionery were exported from Uzbekistan; rising by 77% on the previous year. Over the period under review, total exports indicated a slight increase from 2017 to 2022: its volume increased at an average annual rate of +1.1% over the last five-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +91.1% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, candy, sweets, and nonchocolate confectionery exports surged to $X in 2022. In general, exports continue to indicate a prominent increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Tajikistan (X tons), Kazakhstan (X tons) and Kyrgyzstan (X tons) were the main destinations of candy, sweets, and nonchocolate confectionery exports from Uzbekistan, with a combined 75% share of total exports. Russia, Armenia, Turkmenistan, Azerbaijan and Afghanistan lagged somewhat behind, together comprising a further 16%.

From 2017 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Armenia (with a CAGR of +149.9%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for candy, sweets, and nonchocolate confectionery exported from Uzbekistan were Kazakhstan ($X), Tajikistan ($X) and Kyrgyzstan ($X), together accounting for 72% of total exports. Russia, Armenia, Turkmenistan, Azerbaijan and Afghanistan lagged somewhat behind, together comprising a further 18%.

Armenia, with a CAGR of +108.6%, recorded the highest rates of growth with regard to 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

In 2022, the average export price for candies, sweets, and nonchocolate confectionery amounted to $X per ton, shrinking by -5.5% against the previous year. Over the period under review, export price indicated buoyant growth from 2017 to 2022: its price increased at an average annual rate of +10.6% over the last five-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, candy, sweets, and nonchocolate confectionery export price increased by +65.8% against 2017 indices. The pace of growth appeared the most rapid in 2019 an increase of 36%. 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 Kazakhstan ($X per ton), while the average price for exports to Kyrgyzstan ($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 (+18.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Candies, Sweets, and Nonchocolate Confectionery

Imports into Uzbekistan

For the sixth consecutive year, Uzbekistan recorded growth in overseas purchases of candies, sweets, and nonchocolate confectionery, which increased by 6.2% to X tons in 2022. Overall, imports showed a significant expansion. The most prominent rate of growth was recorded in 2019 when imports increased by 73% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, candy, sweets, and nonchocolate confectionery imports surged to $X in 2022. In general, imports saw a significant expansion. The most prominent rate of growth was recorded in 2019 with an increase of 87% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to see gradual growth in years to come.

Imports by Country

Russia (X tons), Ukraine (X tons) and Kazakhstan (X tons) were the main suppliers of candy, sweets, and nonchocolate confectionery imports to Uzbekistan, with a combined 79% share of total imports. Turkey and China lagged somewhat behind, together comprising a further 15%.

From 2017 to 2022, the biggest increases were recorded for China (with a CAGR of +203.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X), Ukraine ($X) and Turkey ($X) constituted the largest candy, sweets, and nonchocolate confectionery suppliers to Uzbekistan, together accounting for 78% of total imports. Kazakhstan and China lagged somewhat behind, together accounting for a further 12%.

China, with a CAGR of +149.1%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for candies, sweets, and nonchocolate confectionery stood at $X per ton in 2022, increasing by 19% against the previous year. Over the period from 2017 to 2022, it increased at an average annual rate of +6.9%. As a result, import price reached 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 Russia ($X per ton), while the price for Kazakhstan ($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 (+13.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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