Centrum Logistics Group, one of the biggest third-party logistics providers in Uzbekistan, has launched a first-of-its-kind annual report detailing key trends in the country’s logistics sector. The “Uzbekistan Logistics Report 2024” provides comprehensive analysis on air, rail, and road transport as well as the warehousing market in Central Asia’s fastest-growing economy.

While softening demand poses a challenge for the logistics sector in many regions worldwide, the demand outlook remains strong in Uzbekistan. The latest World Bank estimates place the Europe and Central Asia regional 2025 GDP growth forecast at 2.7 percent. Notably, Uzbekistan’s GDP growth forecast of 5.8 percent is the highest in the region.

Further development of the logistics sector is critical to Uzbekistan’s growth prospects. To compensate for the country’s unique double-landlocked status, new investments are being made in air, rail, and road transit. The new report details Uzbekistan’s efforts to increase the capacity and competitiveness of its logistics sector.

Domestically, the World Bank estimates that total freight demand in Uzbekistan is 194.6 million tons and 77.6 billion ton-kilometers. To serve this demand, Uzbek policymakers are focused on the development of five primary international logistics hubs—Angren, Navoi, Pap, Tashkent, and Termez — located at critical transportation junctions.

One of the biggest challenges facing Uzbekistan’s logistics sector is that demand continues to outstrip the available supply of freight and warehousing services, leading to higher costs and limited ability to respond to new geopolitical realities or market opportunities. Logistics services in Uzbekistan are positioned for growth but require investment, modernization, and a clear strategy to reach their full potential.

Uzbekistan’s trade turnover is also rising in response to broad economic reforms. Growth has been especially strong in trade turnover with China, which reached a record high of $14 billion in 2023, up from $9.7 billion in 2022.

The report also explains how the adoption of new technologies is serving as a growth catalyst for the Uzbek logistics sector. Companies in Uzbekistan are slowly transitioning away from doing business on paper and are leapfrogging to full digitalization and automation. Logistics companies from startups to state-owned enterprises are increasingly leveraging technology to increase efficiency, optimize operations, and ultimately bring costs down.

Bobur Sirojiddinov, General Director of Centrum Logistics Group, explained that the new logistics sector report is intended to support the development of Uzbekistan’s logistics sector.

“Our comprehensive report illuminates the strategic path forward for Uzbekistan’s logistics sector. It provides stakeholders with a clear vision of the immense opportunities and the actionable steps needed to elevate our logistics capabilities to a global standard. By harnessing our nation’s unique geographic position and embracing technological innovation, we can transform challenges into growth and position Uzbekistan as a pivotal hub in the international trade landscape,” said Bobur Sirojiddinov.

Centrum Logistics Group is making its own investments to build on its market-leading position in Uzbekistan’s logistics sector. The group of companies showed strong growth in 2023, with cargo turnover totaling 61,234 TEU in 2023, up from 44,916 TEU in 2022.

The annual logistics report has been published in English, Uzbek, and Russian, and is available on the Centrum Logistics Group website: https://www.centrum-logistics.com/news-detail/16

Source: Centrum Logistics Group