Uzbekistan: Butter And Ghee Market 2024

Butter And Ghee Market Size in Uzbekistan

For the fourth consecutive year, the Uzbek butter and ghee market recorded growth in sales value, which increased by X% to $X in 2022. In general, consumption, however, recorded a significant expansion. Butter and ghee consumption peaked in 2022 and is expected to retain growth in the near future.

Butter And Ghee Production in Uzbekistan

In value terms, butter and ghee production reduced slightly to $X in 2022 estimated in export price. In general, production saw a remarkable increase. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Butter and ghee production peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

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Butter And Ghee Exports

Exports from Uzbekistan

Butter and ghee exports from Uzbekistan surged to X tons in 2022, increasing by X% on the year before. Over the period under review, exports posted a significant increase. The pace of growth appeared 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 likely to see steady growth in years to come.

In value terms, butter and ghee exports skyrocketed to $X in 2022. In general, exports posted a significant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by X%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Georgia (X tons) was the main destination for butter and ghee exports from Uzbekistan, with a X% share of total exports. Moreover, butter and ghee exports to Georgia exceeded the volume sent to the second major destination, Iraq (X tons), more than tenfold.

From 2017 to 2022, the average annual growth rate of volume to Georgia stood at X%.

In value terms, Georgia ($X) remains the key foreign market for butter and ghee exports from Uzbekistan, comprising X% of total exports. The second position in the ranking was taken by Iraq ($X), with an X% share of total exports.

From 2017 to 2022, the average annual growth rate of value to Georgia amounted to X%.

Export Prices by Country

The average butter and ghee export price stood at $X per ton in 2022, falling by X% against the previous year. Over the period from 2017 to 2022, it increased at an average annual rate of X%. The growth pace was the most rapid in 2021 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Iraq ($X per ton), while the average price for exports to Georgia totaled $X per ton.

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

Butter And Ghee Imports

Imports into Uzbekistan

In 2022, after three years of growth, there was decline in overseas purchases of butter and ghee, when their volume decreased by X% to X tons. Overall, total imports indicated a buoyant expansion from 2017 to 2022: its volume 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, imports increased by X% against 2018 indices. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons, and then reduced modestly in the following year.

In value terms, butter and ghee imports expanded rapidly to $X in 2022. Over the period under review, imports, however, continue to indicate a buoyant increase. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, France (X tons) constituted the largest supplier of butter and ghee to Uzbekistan, with a X% share of total imports. Moreover, butter and ghee imports from France exceeded the figures recorded by the second-largest supplier, New Zealand (X tons), threefold. Belarus (X tons) ranked third in terms of total imports with a X% share.

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

In value terms, France ($X) constituted the largest supplier of butter and ghee to Uzbekistan, comprising X% of total imports. The second position in the ranking was held by Belarus ($X), with a X% share of total imports. It was followed by New Zealand, with an X% share.

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

Import Prices by Country

The average butter and ghee import price stood at $X per ton in 2022, picking up by X% against the previous year. Overall, import price indicated strong 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, butter and ghee import price increased by X% against 2017 indices. The pace of growth appeared the most rapid in 2018 an increase of X%. The import price peaked in 2022 and is likely to see gradual 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 Belarus ($X per ton), while the price for Kyrgyzstan ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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