Uzbekistan: Market for Rusks, Toasted Bread and Similar Toasted Products 2024

Market Size for Rusks, Toasted Bread and Similar Toasted Products in Uzbekistan

For the tenth year in a row, the Uzbek rusks and toasted bread market recorded growth in sales value, which increased by 12% to $X in 2021. Over the period under review, consumption, however, continues to indicate a significant expansion. Over the period under review, the market hit record highs in 2021 and is expected to retain growth in the immediate term.

Production of Rusks, Toasted Bread and Similar Toasted Products in Uzbekistan

In value terms, rusks and toasted bread production contracted significantly to $X in 2021 estimated in export price. Overall, production, however, recorded significant growth. The pace of growth was the most pronounced in 2020 with an increase of 705%. As a result, production attained the peak level of $X, and then dropped sharply in the following year.

Exports of Rusks, Toasted Bread and Similar Toasted Products

Exports from Uzbekistan

In 2021, shipments abroad of rusks, toasted bread and similar toasted products increased by 5.4% to X tons, rising for the second year in a row after two years of decline. Overall, exports recorded a strong expansion. The growth pace was the most rapid in 2020 with an increase of 529% against the previous year. Over the period under review, the exports reached the maximum in 2021 and are expected to retain growth in the immediate term.

In value terms, rusks and toasted bread exports soared to $X in 2021. In general, exports posted a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 461%. The exports peaked in 2021 and are likely to see steady growth in the near future.

Exports by Country

Afghanistan (X tons) was the main destination for rusks and toasted bread exports from Uzbekistan, accounting for a 77% share of total exports. Moreover, rusks and toasted bread exports to Afghanistan exceeded the volume sent to the second major destination, Kazakhstan (X tons), fourfold. Tajikistan (X tons) ranked third in terms of total exports with a 2% share.

From 2017 to 2021, the average annual growth rate of volume to Afghanistan stood at -3.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kazakhstan (-13.8% per year) and Tajikistan (-35.1% per year).

In value terms, Afghanistan ($X) remains the key foreign market for rusks, toasted bread and similar toasted products exports from Uzbekistan, comprising 88% of total exports. The second position in the ranking was held by Kazakhstan ($X), with a 10% share of total exports. It was followed by Kyrgyzstan, with a 1.1% share.

From 2017 to 2021, the average annual growth rate of value to Afghanistan totaled +52.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kazakhstan (-10.4% per year) and Kyrgyzstan (-38.1% per year).

Export Prices by Country

The average rusks and toasted bread export price stood at $X per ton in 2021, with an increase of 43% against the previous year. In general, the export price recorded a significant expansion. The pace of growth appeared the most rapid in 2019 an increase of 72% against the previous year. The export price peaked in 2021 and is likely to see steady growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Kyrgyzstan ($X per ton), while the average price for exports to Tajikistan ($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 Afghanistan (+57.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Rusks, Toasted Bread and Similar Toasted Products

Imports into Uzbekistan

For the fifth year in a row, Uzbekistan recorded growth in supplies from abroad of rusks, toasted bread and similar toasted products, which increased by 59% to X tons in 2021. Overall, imports saw a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, rusks and toasted bread imports surged to $X in 2021. Over the period under review, imports saw significant growth. The pace of growth appeared the most rapid in 2019 when imports increased by 112%. Imports peaked in 2021 and are likely to continue growth in years to come.

Imports by Country

Russia (X tons), Kazakhstan (X tons) and Ukraine (X tons) were the main suppliers of rusks and toasted bread imports to Uzbekistan, together comprising 96% of total imports. Malaysia and South Korea lagged somewhat behind, together comprising a further 3.3%.

From 2017 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Malaysia (with a CAGR of +454.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Kazakhstan ($X) constituted the largest supplier of rusks, toasted bread and similar toasted products to Uzbekistan, comprising 63% of total imports. The second position in the ranking was held by Russia ($X), with a 29% share of total imports. It was followed by Ukraine, with a 6% share.

From 2017 to 2021, the average annual rate of growth in terms of value from Kazakhstan amounted to +148.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (+59.4% per year) and Ukraine (-0.5% per year).

Import Prices by Country

In 2021, the average rusks and toasted bread import price amounted to $X per ton, rising by 25% against the previous year. Over the period under review, the import price continues to indicate a strong expansion. The pace of growth was the most pronounced in 2019 an increase of 35% against the previous year. The import price peaked in 2021 and is likely to see gradual growth in the near future.

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

From 2017 to 2021, the most notable rate of growth in terms of prices was attained by Kazakhstan (+23.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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