Uzbekistan: Peanut Butter Market 2025

Peanut Butter Market Size in Uzbekistan

The Uzbek peanut butter market expanded markedly to $X in 2022, rising by 13% against the previous year. Over the period under review, consumption, however, saw strong growth. Over the period under review, the market reached the peak level in 2022 and is expected to retain growth in years to come.

Peanut Butter Production in Uzbekistan

In value terms, peanut butter production rose notably to $X in 2022 estimated in export price. Over the period under review, production, however, showed a slight reduction. The pace of growth was the most pronounced in 2020 when the production volume increased by 73% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Peanut Butter Exports

Exports from Uzbekistan

In 2022, after four years of decline, there was significant growth in overseas shipments of peanut butter and prepared or preserved groundnuts, when their volume increased by 85% to X tons. Over the period under review, exports, however, saw a deep setback. Over the period under review, the exports hit record highs at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, peanut butter exports surged to $X in 2022. In general, exports, however, continue to indicate a deep reduction. Over the period under review, the exports attained the maximum at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

Russia (X tons) was the main destination for peanut butter exports from Uzbekistan, with a 49% share of total exports. Moreover, peanut butter exports to Russia exceeded the volume sent to the second major destination, Belarus (X tons), twofold. Ukraine (X tons) ranked third in terms of total exports with a 13% share.

From 2017 to 2022, the average annual growth rate of volume to Russia stood at +84.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belarus (+33.4% per year) and Ukraine (+84.4% per year).

In value terms, Russia ($X) emerged as the key foreign market for peanut butter and prepared or preserved groundnuts exports from Uzbekistan, comprising 56% of total exports. The second position in the ranking was taken by Belarus ($X), with a 21% share of total exports. It was followed by Kazakhstan, with a 6.8% share.

From 2017 to 2022, the average annual growth rate of value to Russia amounted to +93.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belarus (+32.5% per year) and Kazakhstan (-44.9% per year).

Export Prices by Country

The average peanut butter export price stood at $X per ton in 2022, growing by 20% against the previous year. Over the period under review, export price indicated a strong expansion from 2017 to 2022: its price increased at an average annual rate of +10.3% over the last five years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, peanut butter export price increased by +107.6% against 2018 indices. The pace of growth appeared the most rapid in 2020 an increase of 35% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Kazakhstan ($X per ton), while the average price for exports to Ukraine ($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 (+16.2%), while the prices for the other major destinations experienced more modest paces of growth.

Peanut Butter Imports

Imports into Uzbekistan

For the fourth consecutive year, Uzbekistan recorded growth in supplies from abroad of peanut butter and prepared or preserved groundnuts, which increased by 137% to X tons in 2022. Overall, imports showed a significant increase. The most prominent rate of growth was recorded in 2019 when imports increased by 215%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

In value terms, peanut butter imports surged to $X in 2022. Over the period under review, imports enjoyed significant growth. The pace of growth appeared the most rapid in 2019 with an increase of 228% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the near future.

Imports by Country

In 2022, Russia (X tons) constituted the largest supplier of peanut butter to Uzbekistan, accounting for a 76% share of total imports. Moreover, peanut butter imports from Russia exceeded the figures recorded by the second-largest supplier, Ukraine (X tons), sevenfold. The third position in this ranking was taken by Kazakhstan (X tons), with an 8.3% share.

From 2017 to 2022, the average annual growth rate of volume from Russia totaled +196.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Ukraine (+150.9% per year) and Kazakhstan (+677.5% per year).

In value terms, Russia ($X) constituted the largest supplier of peanut butter and prepared or preserved groundnuts to Uzbekistan, comprising 81% of total imports. The second position in the ranking was held by Kazakhstan ($X), with an 11% share of total imports. It was followed by Ukraine, with a 2.5% share.

From 2017 to 2022, the average annual growth rate of value from Russia stood at +193.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Kazakhstan (+602.4% per year) and Ukraine (+54.1% per year).

Import Prices by Country

In 2022, the average peanut butter import price amounted to $X per ton, dropping by -6.3% against the previous year. Over the period under review, the import price showed a slight slump. The pace of growth appeared the most rapid in 2018 an increase of 12% against the previous year. The import price peaked at $X per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

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

From 2017 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+29.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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