Uzbekistan: Soap Market 2024

Soap Market Size in Uzbekistan

In 2021, after two years of growth, there was significant decline in the Uzbek soap market, when its value decreased by -19.9% to $X. Over the period under review, consumption, however, showed a resilient increase. Over the period under review, the market hit record highs at $X in 2020, and then reduced remarkably in the following year.

Soap Production in Uzbekistan

In value terms, soap production dropped rapidly to $X in 2021 estimated in export price. In general, the total production indicated moderate growth from 2012 to 2021: its value increased at an average annual rate of +4.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +32.7% against 2017 indices. The most prominent rate of growth was recorded in 2020 with an increase of 49%. As a result, production attained the peak level of $X, and then dropped sharply in the following year.

Soap Exports

Exports from Uzbekistan

In 2021, shipments abroad of soap decreased by -70.4% to X tons, falling for the second consecutive year after three years of growth. Overall, exports continue to indicate a dramatic decline. The most prominent rate of growth was recorded in 2019 when exports increased by 32% against the previous year. As a result, the exports reached the peak of X tons. From 2020 to 2021, the growth of the exports failed to regain momentum.

In value terms, soap exports shrank sharply to $X in 2021. In general, exports continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2019 when exports increased by 30% against the previous year. 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

Kazakhstan (X tons), Tajikistan (X tons) and Kyrgyzstan (X tons) were the main destinations of soap exports from Uzbekistan, together accounting for 65% of total exports.

From 2012 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 +68.5%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for soap exported from Uzbekistan were Kazakhstan ($X), Kyrgyzstan ($X) and Tajikistan ($X), together comprising 86% of total exports. Afghanistan, Azerbaijan and Turkmenistan lagged somewhat behind, together comprising a further 13%.

Turkmenistan, with a CAGR of +110.7%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average soap export price stood at $X per ton in 2021, picking up by 113% against the previous year. Overall, the export price posted significant growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of destination: 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 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Turkmenistan (+28.1%), while the prices for the other major destinations experienced more modest paces of growth.

Soap Imports

Imports into Uzbekistan

In 2021, after two years of growth, there was significant decline in supplies from abroad of soap, when their volume decreased by -45.9% to X tons. Overall, imports saw a abrupt shrinkage. The growth pace was the most rapid in 2019 with an increase of 70%. Imports peaked at X tons in 2020, and then declined sharply in the following year.

In value terms, soap imports rose rapidly to $X in 2021. Over the period under review, imports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2019 with an increase of 54%. Over the period under review, imports reached the peak figure in 2021 and are expected to retain growth in the near future.

Imports by Country

Indonesia (X tons), Malaysia (X tons) and Russia (X tons) were the main suppliers of soap imports to Uzbekistan.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Indonesia (with a CAGR of +50.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), Russia ($X) and Malaysia ($X) appeared to be the largest soap suppliers to Uzbekistan, together accounting for 63% of total imports. These countries were followed by Indonesia, Kazakhstan, the United Arab Emirates, Iran and China, which together accounted for a further 23%.

Indonesia, with a CAGR of +40.7%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average soap import price stood at $X per ton in 2021, increasing by 103% against the previous year. Overall, the import price showed a significant expansion. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (+2.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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