Despite the fallout from the war in Ukraine, which led to high inflation, stemming from high energy prices, alcoholic drinks performed relatively well, with healthy volume growth and constant value sales increasing slightly. This was backed up by strong fundamentals in an economy that has huge growth potential as the government’s liberalisation policies is leading to increased foreign investment and a diversifying economy, supported by a young population.
Wine was the best performing alcoholic drink in terms of volume sales growth in 2022. Favourable government policy helped to boost volume sales.
In both beer and spirits, local players continued to dominate. Among the top players in beer were local players such as Inter Rokhat JV, Mehnat Pivo OOO, Raupkhon JSC and Pulsar Group Brewery QK MChJ.
Up until 2019 food/drink/tobacco specialists accounted for nearly all sales of alcoholic drinks in Uzbekistan. However, following a change in the law in 2019, all retail outlets are now allowed to sell domestically produced beer and wine without a permit.
The off-trade channel continued to account for a significant portion of total alcoholic drink volume sales. Meanwhile, on-trade sales differ depending on the drink.
Alcoholic drinks will register moderate growth over the forecast period. However, there is a great deal of uncertainty, as the war in Ukraine has implications in particular for Uzbekistan’s relationship with Russia.
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Alcoholic drinks is the aggregation of beer, wine, spirits, cider/perry and RTDs.See All of Our Definitions
This report originates from Passport, our Alcoholic Drinks research and analysis database.
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