Uzbekistan: Vitamin Market 2024

Vitamin Market Size in Uzbekistan

The Uzbek vitamin market contracted to $X in 2022, waning by X% against the previous year. In general, consumption, however, enjoyed a temperate expansion. Vitamin consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Vitamin Production in Uzbekistan

In value terms, vitamin production shrank to $X in 2022 estimated in export price. In general, production, however, recorded a pronounced expansion. The most prominent rate of growth was recorded in 2018 when the production volume increased by X%. Vitamin production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Vitamin Exports

Exports from Uzbekistan

In 2022, approx. X tons of provitamins and vitamins were exported from Uzbekistan; picking up by X% compared with 2021. Overall, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2020 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 the near future.

In value terms, vitamin exports surged to $X in 2022. Over the period under review, exports posted a significant expansion. The pace of growth was the most pronounced in 2020 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in years to come.

Exports by Country

Tajikistan (X tons) was the main destination for vitamin exports from Uzbekistan, with a X% share of total exports. Moreover, vitamin exports to Tajikistan exceeded the volume sent to the second major destination, Azerbaijan (X kg), more than tenfold.

From 2015 to 2022, the average annual rate of growth in terms of volume to Tajikistan was relatively modest.

In value terms, Azerbaijan ($X) and Tajikistan ($X) were the largest markets for vitamin exported from Uzbekistan worldwide.

In terms of the main countries of destination, Tajikistan, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

The average vitamin export price stood at $X per ton in 2022, which is down by X% against the previous year. Over the period under review, the export price recorded a deep reduction. 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, and then contracted significantly in the following year.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Azerbaijan ($X per ton), while the average price for exports to Tajikistan amounted to $X per ton.

From 2015 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Kyrgyzstan (X%).

Vitamin Imports

Imports into Uzbekistan

In 2022, the amount of provitamins and vitamins imported into Uzbekistan surged to X tons, increasing by X% on 2021 figures. In general, imports, however, continue to indicate a drastic downturn. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, vitamin imports soared to $X in 2022. Overall, imports, however, saw a noticeable downturn. Imports peaked at $X in 2017; however, from 2018 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of vitamin to Uzbekistan, with a X% share of total imports. Moreover, vitamin imports from China exceeded the figures recorded by the second-largest supplier, France (X tons), threefold. The third position in this ranking was held by Germany (X tons), with a X% share.

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

In value terms, the largest vitamin suppliers to Uzbekistan were China ($X), France ($X) and Germany ($X), with a combined X% share of total imports. India, Georgia, Lithuania, Russia, Switzerland and Poland lagged somewhat behind, together comprising a further X%.

India, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average vitamin import price amounted to $X per ton, surging by X% against the previous year. Over the period under review, import price indicated a strong increase from 2017 to 2022: its price 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, vitamin import price increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the maximum 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 ($X per ton), while the price for Switzerland ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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