Uzbekistan: Wool Market 2025

Wool Market Size in Uzbekistan

The Uzbek wool market dropped dramatically to $X in 2022, shrinking by -15% against the previous year. Overall, consumption continues to indicate a slight reduction. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market remained at a lower figure.

Wool Production in Uzbekistan

In value terms, wool production shrank to $X in 2022 estimated in export price. Overall, production, however, posted prominent growth. The pace of growth was the most pronounced in 2017 when the production volume increased by 150% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2022, production growth failed to regain momentum.

Wool Exports

Exports from Uzbekistan

In 2022, shipments abroad of wool increased by 2.2% to X tons, rising for the second year in a row after three years of decline. In general, exports saw a significant expansion. The pace of growth appeared the most rapid in 2017 with an increase of 5,130% against the previous year. As a result, the exports attained the peak of X tons. From 2018 to 2022, the growth of the exports remained at a lower figure.

In value terms, wool exports contracted modestly to $X in 2022. Overall, exports continue to indicate significant growth. The pace of growth was the most pronounced in 2017 with an increase of 7,869%. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Russia (X tons), China (X tons) and Afghanistan (X tons) were the main destinations of wool exports from Uzbekistan, with a combined 97% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Afghanistan (with a CAGR of +71.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for wool exported from Uzbekistan were Russia ($X), China ($X) and India ($X), with a combined 95% share of total exports.

Among the main countries of destination, China, with a CAGR of +41.9%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average wool export price amounted to $X per ton, with a decrease of -2.3% against the previous year. Overall, export price indicated a buoyant expansion from 2012 to 2022: its price increased at an average annual rate of +6.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, wool export price decreased by -6.6% against 2019 indices. The most prominent rate of growth was recorded in 2017 when the average export price increased by 52%. Over the period under review, the average export prices hit record highs at $X per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+10.3%), while the prices for the other major destinations experienced a decline.

Wool Imports

Imports into Uzbekistan

In 2022, the amount of wool imported into Uzbekistan surged to X tons, growing by 112% on the previous year. Over the period under review, imports saw a resilient expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, wool imports dropped notably to $X in 2022. In general, imports, however, continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2021 when imports increased by 10% against the previous year. As a result, imports attained the peak of $X, and then dropped dramatically in the following year.

Imports by Country

In 2022, China (X tons) was the main supplier of wool to Uzbekistan, with a approx. 100% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +112.7%.

In value terms, China ($X) constituted the largest supplier of wool to Uzbekistan.

From 2012 to 2022, the average annual growth rate of value from China stood at -72.0%.

Import Prices by Country

In 2022, the average wool import price amounted to $X per ton, shrinking by -86.9% against the previous year. Over the period under review, the import price faced a abrupt slump. The pace of growth was the most pronounced in 2021 when the average import price increased by 40%. As a result, import price attained the peak level of $X per ton, and then reduced markedly in the following year.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for Finland amounted to +3.1% per year.

Source: IndexBox Platform

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