Uzbekistan: Wheat Market 2024

Wheat Market Size in Uzbekistan

The Uzbek wheat market expanded significantly to $X in 2022, picking up by 8.2% against the previous year. The market value increased at an average annual rate of +1.0% from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. Over the period under review, the market reached the peak level in 2022 and is likely to continue growth in years to come.

Wheat Production in Uzbekistan

In value terms, wheat production amounted to $X in 2022 estimated in export price. Overall, production, however, recorded a pronounced downturn. The pace of growth appeared the most rapid in 2019 with an increase of 21% against the previous year. Wheat production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

In 2022, the average yield of wheat in Uzbekistan fell slightly to X tons per ha, shrinking by -2.9% against the previous year. Overall, the yield recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 13% against the previous year. Over the period under review, the average wheat yield hit record highs at X tons per ha in 2021, and then reduced in the following year. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The wheat harvested area in Uzbekistan expanded to X ha in 2022, growing by 4.5% against the previous year's figure. In general, the harvested area, however, showed a relatively flat trend pattern. The wheat harvested area peaked at X ha in 2014; however, from 2015 to 2022, the harvested area failed to regain momentum.

Wheat Exports

Exports from Uzbekistan

In 2022, shipments abroad of wheat decreased by -74.6% to X tons, falling for the fourth year in a row after two years of growth. In general, exports continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2017 with an increase of 121%. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, wheat exports fell sharply to $X in 2022. Overall, exports continue to indicate a precipitous decline. The growth pace was the most rapid in 2017 when exports increased by 93%. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Afghanistan (X tons) was the main destination for wheat exports from Uzbekistan, accounting for a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Afghanistan stood at -18.7%.

In value terms, Afghanistan ($X) emerged as the key foreign market for wheat exports from Uzbekistan.

From 2012 to 2022, the average annual rate of growth in terms of value to Afghanistan amounted to -24.1%.

Export Prices by Country

The average wheat export price stood at $X per ton in 2022, which is down by -39.5% against the previous year. Overall, the export price saw a abrupt slump. The pace of growth was the most pronounced in 2019 an increase of 7.3% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Afghanistan.

From 2012 to 2022, the rate of growth in terms of prices for Azerbaijan amounted to -4.1% per year.

Wheat Imports

Imports into Uzbekistan

In 2022, approx. X tons of wheat were imported into Uzbekistan; with an increase of 27% on 2021. Overall, total imports indicated a buoyant increase from 2017 to 2022: its volume increased at an average annual rate of +13.9% 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 +91.7% against 2017 indices. The pace of growth was the most pronounced in 2018 when imports increased by 52% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in years to come.

In value terms, wheat imports soared to $X in 2022. In general, imports enjoyed significant growth. The most prominent rate of growth was recorded in 2018 when imports increased by 58% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2022, Kazakhstan (X tons) was the main wheat supplier to Uzbekistan, accounting for a 98% share of total imports. It was followed by Russia (X tons), with a 2.1% share of total imports.

From 2017 to 2022, the average annual rate of growth in terms of volume from Kazakhstan totaled +13.6%.

In value terms, Kazakhstan ($X) constituted the largest supplier of wheat to Uzbekistan, comprising 98% of total imports. The second position in the ranking was held by Russia ($X), with a 2.2% share of total imports.

From 2017 to 2022, the average annual growth rate of value from Kazakhstan totaled +35.2%.

Import Prices by Country

The average wheat import price stood at $X per ton in 2022, remaining relatively unchanged against the previous year. Over the period under review, the import price, however, showed a resilient expansion. The pace of growth was the most pronounced in 2021 an increase of 39% against the previous year. As a result, import price attained the peak level of $X per ton, leveling off in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Russia ($X per ton), while the price for Kazakhstan totaled $X per ton.

From 2017 to 2022, the most notable rate of growth in terms of prices was attained by Kazakhstan (+19.1%).

Source: IndexBox Platform

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