Central Asia: Biological Product Market 2024

Biological Product Market Size in Central Asia

After seven years of growth, the Central Asian biological product market decreased by X% to $X in 2022. Overall, consumption, however, recorded a perceptible expansion. As a result, consumption reached the peak level of $X, and then shrank sharply in the following year.

Biological Product Production in Central Asia

In value terms, biological product production contracted modestly to $X in 2022 estimated in export price. The total production indicated a mild increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2019 indices. The most prominent rate of growth was recorded in 2016 with an increase of X%. The level of production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Biological Product Exports

Exports in Central Asia

After five years of growth, shipments abroad of biological products decreased by X% to X tons in 2022. In general, exports continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons, and then shrank dramatically in the following year.

In value terms, biological product exports shrank sharply to $X in 2022. Over the period under review, exports recorded a abrupt curtailment. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X, and then fell rapidly in the following year.

Exports by Country

In 2022, Kyrgyzstan (X tons) was the key exporter of biological products, generating X% of total exports. Kazakhstan (X tons) ranks second in terms of the total exports with a X% share, followed by Turkmenistan (X%).

From 2012 to 2022, average annual rates of growth with regard to biological product exports from Kyrgyzstan stood at X%. At the same time, Turkmenistan (X%) displayed positive paces of growth. Moreover, Turkmenistan emerged as the fastest-growing exporter exported in Central Asia, with a CAGR of X% from 2012-2022. By contrast, Kazakhstan (X%) illustrated a downward trend over the same period. While the share of Kyrgyzstan (X p.p.) and Turkmenistan (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Kazakhstan (X p.p.) displayed negative dynamics.

In value terms, Kazakhstan ($X) remains the largest biological product supplier in Central Asia, comprising X% of total exports. The second position in the ranking was taken by Turkmenistan ($X), with a X% share of total exports.

In Kazakhstan, biological product exports declined by an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Turkmenistan (X% per year) and Kyrgyzstan (X% per year).

Export Prices by Country

In 2022, the export price in Central Asia amounted to $X per ton, reducing by X% against the previous year. Overall, the export price continues to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2013 an increase of X%. Over the period under review, the export prices hit record highs at $X per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Kazakhstan ($X per ton), while Kyrgyzstan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkmenistan (X%), while the other leaders experienced mixed trends in the export price figures.

Biological Product Imports

Imports in Central Asia

After five years of growth, purchases abroad of biological products decreased by X% to X tons in 2022. In general, imports, however, saw a prominent increase. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons, and then contracted notably in the following year.

In value terms, biological product imports fell rapidly to $X in 2022. Overall, imports, however, posted a strong increase. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, imports attained the peak of $X, and then dropped notably in the following year.

Imports by Country

Uzbekistan (X tons) and Tajikistan (X tons) represented roughly X% of total imports in 2022. Kazakhstan (X tons) held the next position in the ranking, distantly followed by Turkmenistan (X tons). All these countries together took approx. X% share of total imports. The following importers - Kyrgyzstan (X tons) and Mongolia (X tons) - each recorded a X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Tajikistan (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest biological product importing markets in Central Asia were Uzbekistan ($X), Kazakhstan ($X) and Tajikistan ($X), together accounting for X% of total imports.

In terms of the main importing countries, Uzbekistan, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Central Asia amounted to $X per ton, picking up by X% against the previous year. In general, the import price, however, saw a noticeable slump. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Kazakhstan ($X per ton), while Tajikistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uzbekistan (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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