It is expected that edible oils will continue to register growing consumption in Uzbekistan over the forecast period, with sales expected to increase at an impressive pace as a result. The main factor driving sales growth in the category is that the population of Uzbekistan continues growing rapidly, with this combined with spreading affluence to consistently expand the core consumer base for edible oils.
Olive oil is unlikely to emerge as a major mainstream category of edible oils in Uzbekistan during the forecast period. While the category has a huge growth potential, it should not be regarded as a particularly promising category as only a limited number of consumers can afford to purchase olive oil on a regular basis.
The situation that unfolded in Uzbekistan during 2022 as a result of the Ukraine conflict has motivated the government to take steps to reduce the country’s reliance on imports of various important commodities. Among these is sunflower oil, a product which is produced in-country but for which Uzbekistan still relies on imports for 70% of its supply.
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This is the aggregation of olive oil and vegetable and seed oil (which comprises of corn oil, palm oil, rapeseed oil, soy oil, sunflower oil, and other edible oil). Please note blended oil that contain over 50% of one type of oil are categorised in that category, e.g. blended oil with 60% soy oil is categorised in soy oil; whereas blended oils with less than 50% of a specific type of oil are categorised in other edible oil. Includes: Pre-packaged edible oils products purchased by consumers through legally established retail channels. Excludes: Unpackaged/bulk oils, i.e. instances where consumers bring an empty container or plastic bag to be (re)filled with cooking oil. Example: Minyak curah in Indonesia.See All of Our Definitions
This report originates from Passport, our Edible Oils research and analysis database.
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