Central Asia: Beef Market 2024

Beef Market Size in Central Asia

The Central Asian beef market rose to $X in 2021, with an increase of 2.4% against the previous year. The total consumption indicated pronounced growth from 2012 to 2021: its value increased at an average annual rate of +4.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -4.6% against 2019 indices. The level of consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Beef Production in Central Asia

In value terms, beef production rose notably to $X in 2021 estimated in export price. The total production indicated a tangible expansion from 2012 to 2021: its value increased at an average annual rate of +4.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -4.8% against 2019 indices. The most prominent rate of growth was recorded in 2018 when the production volume increased by 37% against the previous year. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

The countries with the highest volumes of production in 2021 were Uzbekistan (X tons), Kazakhstan (X tons) and Turkmenistan (X tons), together accounting for 81% of total production. Tajikistan, Mongolia and Kyrgyzstan lagged somewhat behind, together accounting for a further 19%.

From 2012 to 2021, the most notable rate of growth in terms of production, amongst the leading producing countries, was attained by Tajikistan (with a CAGR of +24.1%), while production for the other leaders experienced more modest paces of growth.

The average beef yield amounted to X kg per head in 2021, flattening at 2020. The yield figure increased at an average annual rate of +1.0% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The pace of growth was the most pronounced in 2017 with an increase of 6.5% against the previous year. As a result, the yield reached the peak level of X kg per head. From 2018 to 2021, the growth of the beef yield remained at a somewhat lower figure.

In 2021, the number of animals slaughtered for beef production in Central Asia declined to X heads, shrinking by -2% compared with the previous year. The total number of producing animals indicated a pronounced increase from 2012 to 2021: its figure increased at an average annual rate of +4.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, number of animals slaughtered for beef production increased by +51.1% against 2012 indices. The growth pace was the most rapid in 2018 when the number of producing animals increased by 18%. The level of producing animals peaked at X heads in 2020, and then contracted slightly in the following year.

Beef Exports

Exports in Central Asia

In 2021, overseas shipments of beef (cattle meat) increased by 31% to X tons, rising for the fourth year in a row after two years of decline. Overall, exports enjoyed a significant increase. The pace of growth was the most pronounced in 2015 with an increase of 93% against the previous year. The volume of export peaked in 2021 and is expected to retain growth in the near future.

In value terms, beef exports soared to $X in 2021. Over the period under review, exports recorded significant growth. The growth pace was the most rapid in 2019 when exports increased by 86%. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Kazakhstan dominates exports structure, finishing at X tons, which was approx. 98% of total exports in 2021. Mongolia (X tons) took a minor share of total exports.

Kazakhstan was also the fastest-growing in terms of the beef (cattle meat) exports, with a CAGR of +39.9% from 2012 to 2021. Mongolia (-16.2%) illustrated a downward trend over the same period. While the share of Kazakhstan (+60 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Mongolia (-59.2 p.p.) displayed negative dynamics.

In value terms, Kazakhstan ($X) remains the largest beef supplier in Central Asia, comprising 98% of total exports. The second position in the ranking was held by Mongolia ($X), with a 1.1% share of total exports.

From 2012 to 2021, the average annual growth rate of value in Kazakhstan totaled +40.3%.

Export Prices by Country

In 2021, the export price in Central Asia amounted to $X per ton, jumping by 26% against the previous year. Over the last nine years, it increased at an average annual rate of +1.4%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Kazakhstan ($X per ton), while Mongolia amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kazakhstan (+0.3%).

Beef Imports

Imports in Central Asia

In 2021, beef imports in Central Asia rose notably to X tons, with an increase of 13% against the year before. Total imports indicated a strong expansion from 2012 to 2021: its volume increased at an average annual rate of +5.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +112.5% against 2016 indices. The most prominent rate of growth was recorded in 2017 with an increase of 53%. The volume of import peaked at X tons in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, beef imports skyrocketed to $X in 2021. In general, imports saw a prominent expansion. The pace of growth was the most pronounced in 2017 when imports increased by 76% against the previous year. The level of import peaked in 2021 and is likely to see gradual growth in years to come.

Imports by Country

In 2021, Uzbekistan (X tons) was the key importer of beef (cattle meat), mixing up 54% of total imports. Kazakhstan (X tons) ranks second in terms of the total imports with a 32% share, followed by Turkmenistan (11%). Kyrgyzstan (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Uzbekistan (with a CAGR of +304.1%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, Uzbekistan ($X) constitutes the largest market for imported beef (cattle meat) in Central Asia, comprising 65% of total imports. The second position in the ranking was held by Kazakhstan ($X), with a 26% share of total imports. It was followed by Turkmenistan, with a 6.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Uzbekistan stood at +387.3%. The remaining importing countries recorded the following average annual rates of imports growth: Kazakhstan (-2.6% per year) and Turkmenistan (+14.5% per year).

Import Prices by Country

In 2021, the import price in Central Asia amounted to $X per ton, jumping by 33% against the previous year. Import price indicated a moderate increase from 2012 to 2021: its price increased at an average annual rate of +4.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, beef import price increased by +82.4% against 2016 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Uzbekistan ($X per ton), while Turkmenistan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Uzbekistan (+20.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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