Price for Sugar confectionery; (excluding chewing gum, including white chocolate), not containing cocoa in Uzbekistan - 2023

Contents:

1. Price for Sugar Confectionery; (Excluding Chewing Gum, Including White Chocolate), Not Containing Cocoa in Uzbekistan (CIF) - 2023
2. Price for Sugar Confectionery; (Excluding Chewing Gum, Including White Chocolate), Not Containing Cocoa in Uzbekistan (FOB) - 2023
3. Imports of Sugar Confectionery; (Excluding Chewing Gum, Including White Chocolate), Not Containing Cocoa in Uzbekistan
4. Exports of Sugar Confectionery; (Excluding Chewing Gum, Including White Chocolate), Not Containing Cocoa in Uzbekistan

Price for Sugar Confectionery; (Excluding Chewing Gum, Including White Chocolate), Not Containing Cocoa in Uzbekistan (CIF) - 2023

In October 2023, the average import price for sugar confectionery; (excluding chewing gum, including white chocolate), not containing cocoa amounted to $2,164 per ton, jumping by 16% against the previous month. Over the period under review, the import price, however, showed a mild contraction. The pace of growth appeared the most rapid in May 2023 when the average import price increased by 17% m-o-m. Over the period under review, average import prices attained the peak figure at $2,881 per ton in February 2023; however, from March 2023 to October 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was Russia ($3,551 per ton), while the price for Iran ($369 per ton) was amongst the lowest.

From November 2022 to October 2023, the most notable rate of growth in terms of prices was attained by China (+6.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Sugar Confectionery; (Excluding Chewing Gum, Including White Chocolate), Not Containing Cocoa in Uzbekistan (FOB) - 2023

In October 2023, the average export price for sugar confectionery; (excluding chewing gum, including white chocolate), not containing cocoa amounted to $1,245 per ton, increasing by 7.2% against the previous month. Overall, export price indicated a notable expansion from November 2022 to October 2023: its price increased at an average monthly rate of +3.9% over the last eleven months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on October 2023 figures, export price for sugar confectionery; (excluding chewing gum, including white chocolate), not containing cocoa increased by +50.5% against July 2023 indices. The most prominent rate of growth was recorded in December 2022 an increase of 60% m-o-m. Over the period under review, the average export prices reached the peak figure at $1,366 per ton in May 2023; however, from June 2023 to October 2023, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In October 2023, the country with the highest price was Azerbaijan ($2,158 per ton), while the average price for exports to Kyrgyzstan ($597 per ton) was amongst the lowest.

From November 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Kazakhstan (+6.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Sugar Confectionery; (Excluding Chewing Gum, Including White Chocolate), Not Containing Cocoa in Uzbekistan

For the fourth year in a row, Uzbekistan recorded growth in purchases abroad of sugar confectionery; (excluding chewing gum, including white chocolate), not containing cocoa, which increased by 14% to 13K tons in 2022. Overall, total imports indicated significant growth from 2019 to 2022: its volume increased at an average annual rate of +21.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +79.5% against 2019 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 43% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in the near future.

In value terms, imports of sugar confectionery; (excluding chewing gum, including white chocolate), not containing cocoa skyrocketed to $31M in 2022. In general, imports enjoyed a significant expansion. The growth pace was the most rapid in 2021 with an increase of 82% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Top Suppliers of Sugar Confectionery; (Excluding Chewing Gum, Including White Chocolate), Not Containing Cocoa to Uzbekistan in 2022:

1. Russia (4.3K tons)
2. Ukraine (3.7K tons)
3. Kazakhstan (2.6K tons)
4. Turkey (1.6K tons)
5. China (0.2K tons)

Exports of Sugar Confectionery; (Excluding Chewing Gum, Including White Chocolate), Not Containing Cocoa in Uzbekistan

In 2022, the amount of sugar confectionery; (excluding chewing gum, including white chocolate), not containing cocoa exported from Uzbekistan surged to 6.8K tons, growing by 48% on the year before. Overall, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 131% against the previous year. The exports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, exports of sugar confectionery; (excluding chewing gum, including white chocolate), not containing cocoa skyrocketed to $7.3M in 2022. In general, exports showed a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Top Export Markets for Sugar Confectionery; (Excluding Chewing Gum, Including White Chocolate), Not Containing Cocoa from Uzbekistan in 2022:

1. Kazakhstan (3513.0 tons)
2. Kyrgyzstan (1095.6 tons)
3. Tajikistan (949.9 tons)
4. Russia (296.9 tons)
5. Turkmenistan (197.4 tons)
6. Armenia (153.8 tons)
7. China (109.4 tons)

Source: IndexBox Market Intelligence Platform