Market Size of Uzbekistan Oil and Gas Downstream Industry
| Study Period | 2021 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2021 - 2022 |
| CAGR | > 3.00 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Uzbekistan Oil and Gas Downstream Market Analysis
Uzbekistan Oil and Gas Downstream Market is s projected to register a CAGR of over 3% during the forecast period.
The market was negatively impacted by COVID-19. Presently the market has now reached pre-pandemic levels.
- Over the medium term, factors such as demand for petroleum products, efforts to grow the downstream sector coupled with upcoming projects are expected to drive the market studied.
- On the other hand, the growing share of fuel-efficient vehicles and increasing penetration of electric vehicles in the country are expected to hinder the market growth during the forecast period.
- Nevertheless, digitalization and modernization of the refining and petrochemical sector is expected to reduce refining costs and process losses. This, in turn, is expected to create an opportunity for the market during the forecast period.
