Report Update Nov 1, 2024

Uzbekistan - Olive Oil (Virgin) - Market Analysis, Forecast, Size, Trends and Insights

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Uzbekistan: Virgin Olive Oil Market 2024

Virgin Olive Oil Market Size in Uzbekistan

For the eleventh year in a row, the Uzbek virgin olive oil market recorded growth in sales value, which increased by 32% to $X in 2022. In general, consumption saw a significant expansion. Over the period under review, the market attained the maximum level in 2022 and is likely to see gradual growth in the immediate term.

Virgin Olive Oil Exports

Exports from Uzbekistan

In 2022, exports of virgin olive oil from Uzbekistan contracted slightly to X kg, reducing by -3.1% compared with the previous year's figure. Over the period under review, exports saw a dramatic setback. Over the period under review, the exports attained the maximum at X kg in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, virgin olive oil exports skyrocketed to $X in 2022. Overall, total exports indicated a strong expansion from 2020 to 2022: its value increased at an average annual rate of +8.7% over the last two years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Turkmenistan (X kg) was the main destination for virgin olive oil exports from Uzbekistan, with a approx. 100% share of total exports.

From 2020 to 2022, the average annual rate of growth in terms of volume to Turkmenistan stood at +563.3%.

In value terms, Turkmenistan ($X) also remains the key foreign market for virgin olive oil exports from Uzbekistan.

From 2020 to 2022, the average annual rate of growth in terms of value to Turkmenistan stood at +936.1%.

Export Prices by Country

The average virgin olive oil export price stood at $X per ton in 2022, increasing by 75% against the previous year. Over the period under review, the export price saw a significant increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Turkmenistan.

From 2020 to 2022, the rate of growth in terms of prices for Turkmenistan amounted to +56.2% per year.

Virgin Olive Oil Imports

Imports into Uzbekistan

In 2022, approx. X tons of virgin olive oil were imported into Uzbekistan; with an increase of 42% against the previous year. Over the period under review, imports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2019 with an increase of 72% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

In value terms, virgin olive oil imports skyrocketed to $X in 2022. In general, imports posted a significant increase. The pace of growth was the most pronounced in 2019 when imports increased by 73%. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the near future.

Imports by Country

In 2022, Spain (X tons) constituted the largest virgin olive oil supplier to Uzbekistan, accounting for a 68% share of total imports. Moreover, virgin olive oil imports from Spain exceeded the figures recorded by the second-largest supplier, Turkey (X tons), fourfold. The third position in this ranking was held by Italy (X tons), with an 8% share.

From 2017 to 2022, the average annual growth rate of volume from Spain stood at +26.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+62.0% per year) and Italy (+40.6% per year).

In value terms, Spain ($X) constituted the largest supplier of virgin olive oil to Uzbekistan, comprising 70% of total imports. The second position in the ranking was taken by Turkey ($X), with an 18% share of total imports. It was followed by Italy, with a 9.5% share.

From 2017 to 2022, the average annual rate of growth in terms of value from Spain stood at +39.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+57.6% per year) and Italy (+71.3% per year).

Import Prices by Country

The average virgin olive oil import price stood at $X per ton in 2022, dropping by -7.3% against the previous year. Over the period under review, import price indicated a resilient increase from 2017 to 2022: its price increased at an average annual rate of +8.8% over the last five-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, virgin olive oil import price increased by +32.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of 43%. As a result, import price attained the peak level of $X per ton, and then declined in the following year.

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

From 2017 to 2022, the most notable rate of growth in terms of prices was attained by Lithuania (+24.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for virgin olive oil in the world?

The countries with the highest volumes of virgin olive oil consumption in 2021 were Italy, Spain and the United States, together accounting for 41% of global consumption. Morocco, Turkey, Greece, France, Tunisia, Syrian Arab Republic, Algeria, Portugal, Brazil and Germany lagged somewhat behind, together comprising a further 37%.

What are the largest producers of virgin olive oil in the world?

The country with the largest volume of virgin olive oil production was Spain, comprising approx. 35% of total volume. Moreover, virgin olive oil production in Spain exceeded the figures recorded by the second-largest producer, Tunisia, threefold. The third position in this ranking was occupied by Italy, with a 10% share.

What are the leading suppliers of virgin olive oil to Uzbekistan?

In value terms, the largest virgin olive oil suppliers to Uzbekistan were Spain, Turkey and Lithuania, together comprising 97% of total imports.

What are the leading importers of virgin olive oil from Uzbekistan?

In value terms, Kyrgyzstan remains the key foreign market for virgin olive oil exports from Uzbekistan.

What is the average export price for virgin olive oil in Uzbekistan?

In 2021, the average virgin olive oil export price amounted to $4,753 per ton, surging by 17% against the previous year.

What is the average import price for virgin olive oil in Uzbekistan?

The average virgin olive oil import price stood at $4,405 per ton in 2021, jumping by 42% against the previous year.

This report provides an in-depth analysis of the virgin olive oil market in Uzbekistan. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

FCL 261 - Oil of Olives, Virgin

Country coverage:

Uzbekistan

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Uzbekistan
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023