Uzbekistan: Wine Market 2024

Wine Market Size in Uzbekistan

In 2022, the Uzbek wine market decreased by X% to $X, falling for the second consecutive year after five years of growth. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Wine Production in Uzbekistan

In value terms, wine production amounted to $X in 2022 estimated in export price. Overall, the total production indicated pronounced growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Wine Exports

Exports from Uzbekistan

In 2022, shipments abroad of wine and grape must increased by X% to X litres for the first time since 2017, thus ending a four-year declining trend. Over the period under review, exports, however, continue to indicate a abrupt setback. Over the period under review, the exports attained the maximum at X litres in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, wine exports skyrocketed to $X in 2022. In general, exports, however, saw a deep setback. Over the period under review, the exports reached the maximum at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

Kazakhstan (X litres) was the main destination for wine exports from Uzbekistan, accounting for a X% share of total exports. Moreover, wine exports to Kazakhstan exceeded the volume sent to the second major destination, Russia (X litres), threefold. Belarus (X litres) ranked third in terms of total exports with a X% share.

From 2017 to 2022, the average annual growth rate of volume to Kazakhstan amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (X% per year) and Belarus (X% per year).

In value terms, the largest markets for wine exported from Uzbekistan were Russia ($X), Kazakhstan ($X) and Belarus ($X), with a combined X% share of total exports.

Belarus, with a CAGR of X%, saw the highest growth rate of the value of exports, among 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 wine export price stood at $X per litre in 2022, jumping by X% against the previous year. Over the period under review, export price indicated a strong expansion from 2017 to 2022: its price 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, wine export price increased by X% against 2018 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belarus ($X per litre), while the average price for exports to Kazakhstan ($X per litre) was amongst the lowest.

From 2017 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Wine Imports

Imports into Uzbekistan

In 2022, supplies from abroad of wine and grape must increased by X% to X litres, rising for the second consecutive year after two years of decline. In general, imports posted a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of X%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

In value terms, wine imports soared to $X in 2022. Over the period under review, imports showed a significant expansion. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, Georgia (X litres) constituted the largest supplier of wine to Uzbekistan, accounting for a X% share of total imports. Moreover, wine imports from Georgia exceeded the figures recorded by the second-largest supplier, Italy (X litres), twofold. The third position in this ranking was held by France (X litres), with a X% share.

From 2017 to 2022, the average annual rate of growth in terms of volume from Georgia amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X% per year) and France (X% per year).

In value terms, the largest wine suppliers to Uzbekistan were Italy ($X), France ($X) and Georgia ($X), together accounting for X% of total imports. Spain, Chile, New Zealand, Australia, Russia and Latvia lagged somewhat behind, together comprising a further X%.

Australia, with a CAGR of X.6%, recorded 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 wine import price stood at $X per litre in 2022, growing by X% against the previous year. Overall, import price indicated a strong increase from 2017 to 2022: its price increased at an average annual rate of X% over the last five years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, wine import price decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2020 an increase of X% against the previous year. As a result, import price attained the peak level of $X per litre. From 2021 to 2022, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($X per litre), while the price for Georgia ($X per litre) was amongst the lowest.

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

Source: IndexBox Platform

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