Uzbekistan: Sauce And Seasoning Market 2024

Sauce And Seasoning Market Size in Uzbekistan

The Uzbek sauce and seasoning market expanded sharply to $X in 2023, increasing by X% against the previous year. Over the period under review, the total consumption indicated perceptible growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption increased by X% against 2017 indices. Sauce and seasoning consumption peaked in 2023 and is expected to retain growth in years to come.

Sauce And Seasoning Production in Uzbekistan

In value terms, sauce and seasoning production amounted to $X in 2023 estimated in export price. Overall, the total production indicated a mild increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased by X% against 2021 indices. The growth pace was the most rapid in 2021 with an increase of X%. As a result, production attained the peak level of $X. From 2022 to 2023, production growth failed to regain momentum.

Sauce And Seasoning Exports

Exports from Uzbekistan

In 2023, shipments abroad of sauces and seasonings increased by X% to X tons, rising for the second year in a row after two years of decline. Over the period under review, exports posted a significant expansion. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons. From 2020 to 2023, the growth of the exports remained at a somewhat lower figure.

In value terms, sauce and seasoning exports skyrocketed to $X in 2023. Overall, exports showed significant growth. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2020 to 2023, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for sauce and seasoning exports from Uzbekistan, with a X% share of total exports. Moreover, sauce and seasoning exports to the United States exceeded the volume sent to the second major destination, Lithuania (X tons), twofold. The third position in this ranking was held by Latvia (X tons), with a X% share.

From 2017 to 2023, the average annual rate of growth in terms of volume to the United States totaled X.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lithuania (X.3% per year) and Latvia (X% per year).

In value terms, the United States ($X) emerged as the key foreign market for sauces and seasonings exports from Uzbekistan, comprising X% of total exports. The second position in the ranking was taken by Lithuania ($X), with a X% share of total exports. It was followed by Latvia, with a X% share.

From 2017 to 2023, the average annual growth rate of value to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lithuania (X% per year) and Latvia (X% per year).

Export Prices by Country

In 2023, the average sauce and seasoning export price amounted to $X per ton, jumping by X% against the previous year. Over the last six-year period, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2022 to 2023, the average export prices failed to regain momentum.

Average prices varied noticeably for the major overseas markets. In 2023, amid the top suppliers, the highest price was recorded for prices to Lithuania ($X per ton) and Ukraine ($X per ton), while the average price for exports to the United States ($X per ton) and Germany ($X per ton) were amongst the lowest.

From 2017 to 2023, 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.

Sauce And Seasoning Imports

Imports into Uzbekistan

In 2023, supplies from abroad of sauces and seasonings increased by X% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, imports recorded a significant increase. The most prominent rate of growth was recorded in 2022 when imports increased by X%. Imports peaked in 2023 and are expected to retain growth in the near future.

In value terms, sauce and seasoning imports expanded slightly to $X in 2023. Overall, imports recorded a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of X%. Imports peaked in 2023 and are likely to see steady growth in the immediate term.

Imports by Country

China (X tons), Turkey (X tons) and Latvia (X tons) were the main suppliers of sauce and seasoning imports to Uzbekistan, together comprising X% of total imports. Ukraine, Poland, Germany and the UK lagged somewhat behind, together accounting for a further X%.

From 2017 to 2023, the biggest increases were recorded for the UK (with a CAGR of X.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Latvia ($X) constituted the largest supplier of sauces and seasonings to Uzbekistan, comprising X% of total imports. The second position in the ranking was held by China ($X), with a X% share of total imports. It was followed by Ukraine, with a X% share.

From 2017 to 2023, the average annual rate of growth in terms of value from Latvia totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Ukraine (X% per year).

Import Prices by Country

In 2023, the average sauce and seasoning import price amounted to $X per ton, declining by X% against the previous year. In general, the import price, however, saw a buoyant expansion. The most prominent rate of growth was recorded in 2021 when the average import price increased by X%. As a result, import price reached the peak level of $X per ton. From 2022 to 2023, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Latvia ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2017 to 2023, 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