Uzbekistan: Market for Tanned or Dressed Furskins 2024

Market Size for Tanned or Dressed Furskins in Uzbekistan

The Uzbek tanned or dressed furskins market expanded rapidly to $X in 2022, with an increase of 12% against the previous year. In general, consumption, however, recorded a abrupt decrease. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Production of Tanned or Dressed Furskins in Uzbekistan

In value terms, tanned or dressed furskins production fell dramatically to $X in 2022 estimated in export price. Overall, production, however, saw a significant decrease. The most prominent rate of growth was recorded in 2018 with a decrease of -11.6% against the previous year. Tanned or dressed furskins production peaked at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

Exports of Tanned or Dressed Furskins

Exports from Uzbekistan

In 2022, tanned or dressed furskins exports from Uzbekistan declined modestly to X units, approximately reflecting the previous year's figure. Over the period under review, exports, however, showed a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 885%. As a result, the exports attained the peak of X units, and then dropped slightly in the following year.

In value terms, tanned or dressed furskins exports reduced notably to $X in 2022. Overall, exports saw a deep contraction. The growth pace was the most rapid in 2021 with an increase of 487%. Over the period under review, the exports attained the maximum at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Russia (X units) was the main destination for tanned or dressed furskins exports from Uzbekistan, with a 86% share of total exports. Moreover, tanned or dressed furskins exports to Russia exceeded the volume sent to the second major destination, Turkmenistan (X units), more than tenfold. The third position in this ranking was taken by Belarus (X units), with a 3.2% share.

From 2017 to 2022, the average annual rate of growth in terms of volume to Russia stood at +21.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkmenistan (0.0% per year) and Belarus (+51.2% per year).

In value terms, Russia ($X) remains the key foreign market for tanned or dressed furskins exports from Uzbekistan, comprising 91% of total exports. The second position in the ranking was held by Azerbaijan ($X), with a 2% share of total exports. It was followed by Turkmenistan, with a 1.8% share.

From 2017 to 2022, the average annual rate of growth in terms of value to Russia stood at -1.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Azerbaijan (+29.3% per year) and Turkmenistan (0.0% per year).

Export Prices by Country

The average tanned or dressed furskins export price stood at $X per unit in 2022, reducing by -22.7% against the previous year. In general, the export price showed a sharp shrinkage. The pace of growth was the most pronounced in 2018 a decrease of -12.8% against the previous year. The export price peaked at $X per unit in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Azerbaijan ($X per unit), while the average price for exports to Turkmenistan ($X per unit) was amongst the lowest.

From 2017 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (-19.0%), while the prices for the other major destinations experienced a decline.

Imports of Tanned or Dressed Furskins

Imports into Uzbekistan

In 2022, overseas purchases of tanned or dressed furskins increased by 84% to X units, rising for the second year in a row after two years of decline. Over the period under review, imports saw resilient growth. The most prominent rate of growth was recorded in 2021 with an increase of 270%. Over the period under review, imports reached the peak figure in 2022 and are likely to continue growth in the near future.

In value terms, tanned or dressed furskins imports soared to $X in 2022. In general, total imports indicated slight growth from 2017 to 2022: its value increased at an average annual rate of +1.6% over the last five years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +141.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 93%. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the immediate term.

Imports by Country

Kyrgyzstan (X units), Russia (X units) and Kazakhstan (X units) were the main suppliers of tanned or dressed furskins imports to Uzbekistan, with a combined 82% share of total imports. Turkey and the UK lagged somewhat behind, together accounting for a further 18%.

From 2017 to 2022, the biggest increases were recorded for Turkey (with a CAGR of +30.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Kyrgyzstan ($X), Russia ($X) and Turkey ($X) constituted the largest tanned or dressed furskins suppliers to Uzbekistan, with a combined 78% share of total imports.

Russia, with a CAGR of +17.3%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average tanned or dressed furskins import price amounted to $X per unit, dropping by -31.8% against the previous year. Overall, the import price continues to indicate a drastic downturn. The pace of growth was the most pronounced in 2020 an increase of 101% against the previous year. As a result, import price attained the peak level of $X per unit. From 2021 to 2022, the average import prices failed to regain momentum.

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

From 2017 to 2022, the most notable rate of growth in terms of prices was attained by Russia (-2.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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