Uzbekistan: Chocolate Market 2024

Chocolate Market Size in Uzbekistan

The Uzbek chocolate market surged to $X in 2022, growing 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). Overall, consumption recorded a significant expansion. Chocolate consumption peaked in 2022 and is likely to continue growth in the near future.

Chocolate Exports

Exports from Uzbekistan

In 2022, shipments abroad of chocolate and other food preparations containing cocoa increased by X% to X tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports posted significant growth. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, chocolate exports soared to $X in 2022. In general, exports saw significant growth. The most prominent rate of growth was recorded in 2019 with an increase of X%. The exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

Kyrgyzstan (X tons) was the main destination for chocolate exports from Uzbekistan, with a X% share of total exports. Moreover, chocolate exports to Kyrgyzstan exceeded the volume sent to the second major destination, Tajikistan (X tons), fourfold.

From 2018 to 2022, the average annual rate of growth in terms of volume to Kyrgyzstan was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Tajikistan (X% per year) and Mongolia (X% per year).

In value terms, Kyrgyzstan ($X) emerged as the key foreign market for chocolate and other food preparations containing cocoa exports from Uzbekistan, comprising X% of total exports. The second position in the ranking was taken by Mongolia ($X), with a X% share of total exports.

From 2018 to 2022, the average annual growth rate of value to Kyrgyzstan was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Mongolia (X% per year) and Tajikistan (X% per year).

Export Prices by Country

The average chocolate export price stood at $X per ton in 2022, reducing by X% against the previous year. In general, the export price showed a abrupt slump. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton, and then dropped notably in the following year.

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

From 2018 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Kazakhstan (X%).

Chocolate Imports

Imports into Uzbekistan

For the sixth year in a row, Uzbekistan recorded growth in purchases abroad of chocolate and other food preparations containing cocoa, which increased by X% to X tons in 2022. In general, imports posted significant growth. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, chocolate imports skyrocketed to $X in 2022. Overall, imports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, Russia (X tons) constituted the largest supplier of chocolate to Uzbekistan, accounting for a X% share of total imports. Moreover, chocolate imports from Russia exceeded the figures recorded by the second-largest supplier, the United States (X tons), sevenfold. Belgium (X tons) ranked third in terms of total imports with an X% share.

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

In value terms, Russia ($X) constituted the largest supplier of chocolate and other food preparations containing cocoa to Uzbekistan, comprising X% of total imports. The second position in the ranking was held by Belgium ($X), with a X% share of total imports. It was followed by Lithuania, with an X% share.

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

Import Prices by Country

The average chocolate import price stood at $X per ton in 2022, growing by X% against the previous year. In general, import price indicated pronounced growth 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, chocolate import price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.

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 Lithuania ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2017 to 2022, the most notable rate of growth in terms of prices was attained by Russia (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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