Wine Market Overview in Uzbekistan
In value terms, wine production dropped sharply to $ in 2019 estimated in export prices. Over the period under review, the total production indicated moderate growth from 2007 to 2019: its value increased at an average annual rate of +% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2011 when the production volume increased by % against the previous year. Over the period under review, production hit record highs at $ in 2018, and then dropped rapidly in the following year.
The size of the wine market in Uzbekistan dropped to $ in 2019, waning by -% 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). Over the period under review, consumption enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2011 with an increase of % year-to-year. Over the period under review, the market reached the peak level at $ in 2015; however, from 2016 to 2019, consumption stood at a somewhat lower figure.