Uzbekistan: Sauce And Seasoning Market 2024

Sauce And Seasoning Market Size in Uzbekistan

The Uzbek sauce and seasoning market expanded remarkably to $X in 2021, picking up by 5.6% against the previous year. Overall, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Sauce And Seasoning Production in Uzbekistan

In value terms, sauce and seasoning production amounted to $X in 2021 estimated in export price. Overall, production, however, showed a slight decrease. The growth pace was the most rapid in 2019 when the production volume increased by 16%. Sauce and seasoning production peaked at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

Sauce And Seasoning Exports

Exports from Uzbekistan

In 2021, approx. X tons of sauces and seasonings were exported from Uzbekistan; surging by 6.8% compared with 2020. Over the period under review, exports posted a significant increase. The pace of growth was the most pronounced in 2019 when exports increased by 649% against the previous year. As a result, the exports attained the peak of X tons. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, sauce and seasoning exports rose modestly to $X in 2021. In general, exports recorded a significant expansion. The pace of growth was the most pronounced in 2019 with an increase of 776%. As a result, the exports attained the peak of $X. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Russia (X tons), Tajikistan (X tons) and Kyrgyzstan (X tons) were the main destinations of sauce and seasoning exports from Uzbekistan, with a combined 83% share of total exports.

From 2017 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Kyrgyzstan (with a CAGR of +264.1%), while the other leaders experienced more modest paces of growth.

In value terms, Russia ($X) remains the key foreign market for sauces and seasonings exports from Uzbekistan, comprising 37% of total exports. The second position in the ranking was taken by Tajikistan ($X), with an 18% share of total exports. It was followed by South Korea, with a 15% share.

From 2017 to 2021, the average annual growth rate of value to Russia amounted to +236.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Tajikistan (+171.7% per year) and South Korea (+37.6% per year).

Export Prices by Country

The average sauce and seasoning export price stood at $X per ton in 2021, waning by -3.7% against the previous year. Over the last four years, it increased at an average annual rate of +4.3%. The most prominent rate of growth was recorded in 2018 when the average export price increased by 18%. The export price peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to Kyrgyzstan ($X per ton) was amongst the lowest.

From 2017 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+25.9%), while the prices for the other major destinations experienced mixed trend patterns.

Sauce And Seasoning Imports

Imports into Uzbekistan

In 2021, approx. X tons of sauces and seasonings were imported into Uzbekistan; with an increase of 21% compared with 2020. In general, imports showed a significant increase. The growth pace was the most rapid in 2019 when imports increased by 96% against the previous year. Imports peaked in 2021 and are expected to retain growth in years to come.

In value terms, sauce and seasoning imports soared to $X in 2021. Overall, imports showed a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Russia (X tons) constituted the largest sauce and seasoning supplier to Uzbekistan, with a 86% share of total imports. It was followed by China (X tons), with a 2.4% share of total imports. Turkey (X tons) ranked third in terms of total imports with a 2.3% share.

From 2017 to 2021, the average annual rate of growth in terms of volume from Russia amounted to +24.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-18.9% per year) and Turkey (+135.1% per year).

In value terms, Russia ($X) constituted the largest supplier of sauces and seasonings to Uzbekistan, comprising 67% of total imports. The second position in the ranking was held by Latvia ($X), with an 8.8% share of total imports. It was followed by Ukraine, with a 2% share.

From 2017 to 2021, the average annual rate of growth in terms of value from Russia stood at +32.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Latvia (+711.9% per year) and Ukraine (+41.3% per year).

Import Prices by Country

In 2021, the average sauce and seasoning import price amounted to $X per ton, growing by 53% against the previous year. Overall, import price indicated strong growth from 2017 to 2021: its price increased at an average annual rate of +10.7% over the last four-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, sauce and seasoning import price increased by +56.2% against 2019 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2017 to 2021, the most notable rate of growth in terms of prices was attained by Latvia (+35.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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