Uzbekistan: Perfume Market 2024

Perfume Market Size in Uzbekistan

The Uzbek perfume market skyrocketed to $X in 2022, surging by 24% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption posted a significant increase. Over the period under review, the market hit record highs in 2022 and is likely to see gradual growth in the near future.

Perfume Exports

Exports from Uzbekistan

In 2022, after two years of decline, there was significant growth in shipments abroad of perfumes and toilet waters, when their volume increased by 12% to X tons. In general, exports, however, showed a pronounced descent. The most prominent rate of growth was recorded in 2019 when exports increased by 313%. As a result, the exports reached the peak of X tons. From 2020 to 2022, the growth of the exports failed to regain momentum.

In value terms, perfume exports fell remarkably to $X in 2022. Overall, exports posted a slight increase. The growth pace was the most rapid in 2019 when exports increased by 603%. 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

Tajikistan (X tons) was the main destination for perfume exports from Uzbekistan, with a 70% share of total exports. Moreover, perfume exports to Tajikistan exceeded the volume sent to the second major destination, Kyrgyzstan (X tons), threefold. Kazakhstan (X tons) ranked third in terms of total exports with a 4.2% share.

From 2017 to 2022, the average annual rate of growth in terms of volume to Tajikistan totaled +31.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kyrgyzstan (-25.0% per year) and Kazakhstan (+30.1% per year).

In value terms, Tajikistan ($X), Kyrgyzstan ($X) and Kazakhstan ($X) were the largest markets for perfume exported from Uzbekistan worldwide, with a combined 92% share of total exports.

In terms of the main countries of destination, Kazakhstan, with a CAGR of +42.6%, 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 perfume export price amounted to $X per ton, declining by -25.4% against the previous year. Overall, export price indicated a notable expansion from 2017 to 2022: its price increased at an average annual rate of +4.8% over the last five years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, perfume export price decreased by -35.9% against 2019 indices. The growth pace was the most rapid in 2019 an increase of 70% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2020 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Turkmenistan ($X per ton), while the average price for exports to Tajikistan ($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 Kyrgyzstan (+17.7%), while the prices for the other major destinations experienced mixed trend patterns.

Perfume Imports

Imports into Uzbekistan

In 2022, supplies from abroad of perfumes and toilet waters was finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. In general, imports saw a significant expansion. The pace of growth appeared the most rapid in 2019 when imports increased by 180%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, perfume imports soared to $X in 2022. Over the period under review, imports showed a significant increase. The pace of growth appeared the most rapid in 2019 when imports increased by 195% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

Poland (X tons), Russia (X tons) and Turkey (X tons) were the main suppliers of perfume imports to Uzbekistan, together accounting for 89% of total imports. France, Lithuania, China, Spain, Italy, the United Arab Emirates and Germany lagged somewhat behind, together comprising a further 9%.

From 2017 to 2022, the biggest increases were recorded for China (with a CAGR of +134.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X) constituted the largest supplier of perfumes and toilet waters to Uzbekistan, comprising 58% of total imports. The second position in the ranking was held by Poland ($X), with a 24% share of total imports. It was followed by France, with a 7.3% share.

From 2017 to 2022, the average annual rate of growth in terms of value from Russia amounted to +99.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+110.0% per year) and France (+0.7% per year).

Import Prices by Country

The average perfume import price stood at $X per ton in 2022, falling by -49.7% against the previous year. Over the period under review, the import price, however, enjoyed a slight increase. The pace of growth was the most pronounced in 2021 an increase of 92%. As a result, import price attained the peak level of $X per ton, and then reduced notably in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Lithuania ($X per ton) was amongst the lowest.

From 2017 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+39.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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