Uzbekistan: Sweet Biscuit Market 2024

Sweet Biscuit Market Size in Uzbekistan

In 2021, the Uzbek sweet biscuit market increased by 729% to $X, rising for the second year in a row after two years of decline. Overall, consumption, however, posted significant growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Sweet Biscuit Production in Uzbekistan

In value terms, sweet biscuit production dropped to $X in 2021 estimated in export price. In general, production saw a pronounced decrease. The pace of growth was the most pronounced in 2020 with an increase of 27% against the previous year. Sweet biscuit production peaked at $X in 2017; however, from 2018 to 2021, production remained at a lower figure.

Sweet Biscuit Exports

Exports from Uzbekistan

In 2021, overseas shipments of sweet biscuits decreased by -85.3% to X tons for the first time since 2016, thus ending a four-year rising trend. Overall, exports continue to indicate a sharp descent. The most prominent rate of growth was recorded in 2020 when exports increased by 60%. As a result, the exports reached the peak of X tons, and then shrank dramatically in the following year.

In value terms, sweet biscuit exports skyrocketed to $X in 2021. Over the period under review, exports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 55%. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Kyrgyzstan (X tons) was the main destination for sweet biscuit exports from Uzbekistan, with a 59% share of total exports. Moreover, sweet biscuit exports to Kyrgyzstan exceeded the volume sent to the second major destination, Tajikistan (X tons), threefold. Ukraine (X tons) ranked third in terms of total exports with a 7.2% share.

From 2017 to 2021, the average annual rate of growth in terms of volume to Kyrgyzstan stood at +6.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Tajikistan (-43.0% per year) and Ukraine (+3,126.4% per year).

In value terms, Kyrgyzstan ($X) remains the key foreign market for sweet biscuits exports from Uzbekistan, comprising 59% of total exports. The second position in the ranking was taken by Tajikistan ($X), with a 19% share of total exports. It was followed by Ukraine, with a 6.5% share.

From 2017 to 2021, the average annual growth rate of value to Kyrgyzstan amounted to +84.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Tajikistan (+6.4% per year) and Ukraine (+13,599.4% per year).

Export Prices by Country

In 2021, the average sweet biscuit export price amounted to $X per ton, increasing by 803% against the previous year. In general, the export price recorded significant growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major foreign markets. In 2021, the countries with the highest prices were Kyrgyzstan ($X per ton) and Russia ($X per ton), while the average price for exports to Ukraine ($X per ton) and Armenia ($X per ton) were amongst the lowest.

From 2017 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Ukraine (+324.6%), while the prices for the other major destinations experienced more modest paces of growth.

Sweet Biscuit Imports

Imports into Uzbekistan

In 2021, after four years of growth, there was significant decline in supplies from abroad of sweet biscuits, when their volume decreased by -23.1% to X tons. In general, imports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2019 when imports increased by 95%. Imports peaked at X tons in 2020, and then contracted significantly in the following year.

In value terms, sweet biscuit imports surged 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 117%. Imports peaked in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2021, Russia (X tons) constituted the largest supplier of sweet biscuit to Uzbekistan, with a 75% share of total imports. Moreover, sweet biscuit imports from Russia exceeded the figures recorded by the second-largest supplier, Turkey (X tons), sixfold.

From 2017 to 2021, the average annual growth rate of volume from Russia amounted to +45.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+40.3% per year) and Ukraine (+0.2% per year).

In value terms, Russia ($X) constituted the largest supplier of sweet biscuits to Uzbekistan, comprising 69% of total imports. The second position in the ranking was held by Ukraine ($X), with a 14% share of total imports.

From 2017 to 2021, the average annual growth rate of value from Russia totaled +69.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Ukraine (+66.5% per year) and Turkey (+50.5% per year).

Import Prices by Country

The average sweet biscuit import price stood at $X per ton in 2021, picking up by 111% against the previous year. Overall, the import price recorded a significant increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Ukraine ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

From 2017 to 2021, the most notable rate of growth in terms of prices was attained by Ukraine (+66.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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