Uzbekistan: Vegetable Oils Market 2024

Vegetable Oils Market Size in Uzbekistan

The Uzbek vegetable oils market contracted slightly to $X in 2022, which is down by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, recorded buoyant growth. As a result, consumption reached the peak level of $X, and then dropped slightly in the following year.

Vegetable Oils Exports

Exports from Uzbekistan

In 2022, approx. X tons of vegetable fats and oils were exported from Uzbekistan; jumping by X% against 2021. Overall, exports recorded a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, vegetable oils exports soared to $X in 2022. In general, exports continue to indicate a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Tajikistan (X tons) was the main destination for vegetable oils exports from Uzbekistan, accounting for a X% share of total exports. Moreover, vegetable oils exports to Tajikistan exceeded the volume sent to the second major destination, Kazakhstan (X tons), ninefold.

From 2020 to 2022, the average annual growth rate of volume to Tajikistan stood at X%.

In value terms, Tajikistan ($X) emerged as the key foreign market for vegetable fats and oils exports from Uzbekistan, comprising X% of total exports. The second position in the ranking was taken by Kazakhstan ($X), with a X% share of total exports.

From 2020 to 2022, the average annual growth rate of value to Tajikistan amounted to X%.

Export Prices by Country

In 2022, the average vegetable oils export price amounted to $X per ton, with a decrease of X% against the previous year. Over the period under review, export price indicated a strong expansion from 2020 to 2022: its price increased at an average annual rate of X% over the last two years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, vegetable oils export price increased by X% against 2020 indices. The growth pace was the most rapid in 2021 an increase of X%. As a result, the export price attained the peak level of $X per ton, and then contracted sharply in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Kazakhstan ($X per ton), while the average price for exports to Tajikistan stood at $X per ton.

From 2020 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Kazakhstan (X%).

Vegetable Oils Imports

Imports into Uzbekistan

In 2022, approx. X tons of vegetable fats and oils were imported into Uzbekistan; falling by X% against the previous year. Over the period under review, total imports indicated a temperate expansion from 2017 to 2022: its volume increased at an average annual rate of X% over the last five-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, vegetable oils imports fell to $X in 2022. In general, imports, however, showed a prominent increase. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of $X, and then shrank modestly in the following year.

Imports by Country

In 2022, Russia (X tons) constituted the largest supplier of vegetable oils to Uzbekistan, accounting for a X% share of total imports. Moreover, vegetable oils imports from Russia exceeded the figures recorded by the second-largest supplier, Indonesia (X tons), fourfold. Malaysia (X tons) ranked third in terms of total imports with a X% share.

From 2017 to 2022, the average annual growth rate of volume from Russia stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (X% per year) and Malaysia (X% per year).

In value terms, Russia ($X) constituted the largest supplier of vegetable fats and oils to Uzbekistan, comprising X% of total imports. The second position in the ranking was held by Malaysia ($X), with a X% share of total imports. It was followed by Indonesia, with a X% share.

From 2017 to 2022, the average annual growth rate of value from Russia totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (X% per year) and Indonesia (X% per year).

Import Prices by Country

The average vegetable oils import price stood at $X per ton in 2022, picking up by X% against the previous year. Overall, the import price showed a remarkable increase. The most prominent rate of growth was recorded in 2021 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is expected to retain growth in the near future.

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

From 2017 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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