Uzbekistan: Wine Market 2023

Wine Market Size in Uzbekistan

In 2022, the Uzbek wine market decreased by -1.2% to $X, falling for the second year in a row after five years of growth. The market value increased at an average annual rate of +3.8% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Wine consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Wine Production in Uzbekistan

In value terms, wine production totaled $X in 2022 estimated in export price. Over the period under review, the total production indicated temperate growth from 2012 to 2022: its value increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -0.9% against 2020 indices. The pace of growth appeared the most rapid in 2017 with an increase of 26% against the previous year. Wine production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Wine Exports

Exports from Uzbekistan

After four years of decline, shipments abroad of wine and grape must increased by 102% to X litres in 2022. Over the period under review, exports, however, showed a deep reduction. The exports peaked at X litres in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, wine exports skyrocketed to $X in 2022. In general, exports, however, continue to indicate a abrupt slump. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

Kazakhstan (X litres) was the main destination for wine exports from Uzbekistan, accounting for a 25% share of total exports. Moreover, wine exports to Kazakhstan exceeded the volume sent to the second major destination, Russia (X litres), threefold. The third position in this ranking was held by Belarus (X litres), with a 6.4% share.

From 2017 to 2022, the average annual rate of growth in terms of volume to Kazakhstan amounted to +49.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (-39.6% per year) and Belarus (+297.8% per year).

In value terms, the largest markets for wine exported from Uzbekistan were Russia ($X), Kazakhstan ($X) and Belarus ($X), together comprising 43% of total exports.

Belarus, with a CAGR of +315.4%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average wine export price stood at $X per litre in 2022, declining by -8.7% against the previous year. In general, the export price, however, showed a resilient increase. The growth pace was the most rapid in 2021 an increase of 71%. As a result, the export price attained the peak level of $X per litre, and then dropped 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 Belarus ($X per litre), while the average price for exports to Kazakhstan ($X per litre) was amongst the lowest.

From 2017 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+18.4%), while the prices for the other major destinations experienced more modest paces of growth.

Wine Imports

Imports into Uzbekistan

In 2022, supplies from abroad of wine and grape must increased by 85% to X litres, rising for the second year in a row after two years of decline. Over the period under review, imports saw significant growth. The growth pace was the most rapid in 2021 when imports increased by 186% against the previous year. Imports peaked in 2022 and are likely to continue growth in years to come.

In value terms, wine imports soared to $X in 2022. In general, imports saw a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 131% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in years to come.

Imports by Country

Georgia (X litres), Italy (X litres) and France (X litres) were the main suppliers of wine imports to Uzbekistan, together accounting for 42% of total imports. These countries were followed by Spain, Chile, New Zealand and Latvia, which together accounted for a further 4.6%.

From 2017 to 2022, the biggest increases were recorded for Spain (with a CAGR of +500.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), France ($X) and Georgia ($X) constituted the largest wine suppliers to Uzbekistan, together comprising 40% of total imports. Spain, Chile, New Zealand and Latvia lagged somewhat behind, together comprising a further 6.3%.

Spain, with a CAGR of +620.2%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average wine import price stood at $X per litre in 2022, dropping by -14.9% against the previous year. Overall, import price indicated a prominent increase from 2017 to 2022: its price increased at an average annual rate of +6.2% over the last five years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, wine import price decreased by -31.1% against 2020 indices. The growth pace was the most rapid in 2020 when the average import price increased by 34% against the previous year. As a result, import price attained the peak level of $X per litre. From 2021 to 2022, 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 New Zealand ($X per litre), while the price for Georgia ($X per litre) was amongst the lowest.

From 2017 to 2022, the most notable rate of growth in terms of prices was attained by Ukraine (+790.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :