Central Asia: Market for Caviar (Salmon) And Caviar Substitutes 2024

Market Size for Caviar (Salmon) And Caviar Substitutes in Central Asia

In 2021, the Central Asian market for caviar (salmon) and caviar substitutes increased by 22% to $X, rising for the second consecutive year after two years of decline. The market value increased at an average annual rate of +2.5% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked in 2021 and is expected to retain growth in the near future.

Production of Caviar (Salmon) And Caviar Substitutes in Central Asia

In value terms, caviar (salmon) and caviar substitutes production stood at $X in 2021 estimated in export price. Overall, production, however, recorded a noticeable decline. The most prominent rate of growth was recorded in 2016 when the production volume increased by 14%. As a result, production reached the peak level of $X. From 2017 to 2021, production growth remained at a lower figure.

Exports of Caviar (Salmon) And Caviar Substitutes

Exports in Central Asia

In 2021, the amount of caviar (salmon) and caviar substitutes exported in Central Asia skyrocketed to X tons, jumping by 603% on 2020 figures. In general, exports saw a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, caviar (salmon) and caviar substitutes exports soared to $X in 2021. Over the period under review, exports posted significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Kyrgyzstan (X tons) represented roughly 100% of total exports in 2021.

Kyrgyzstan was also the fastest-growing in terms of the caviar (salmon) and caviar substitutes exports, with a CAGR of +259.9% from 2013 to 2021. Kyrgyzstan (+99 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Kyrgyzstan ($X) also remains the largest caviar (salmon) and caviar substitutes supplier in Central Asia.

From 2013 to 2021, the average annual growth rate of value in Kyrgyzstan stood at +619.1%.

Export Prices by Country

The export price in Central Asia stood at $X per ton in 2021, rising by 195% against the previous year. In general, the export price saw a strong expansion. The pace of growth appeared the most rapid in 2019 when the export price increased by 983% against the previous year. Over the period under review, the export prices reached the peak figure in 2021 and is likely to see steady growth in the near future.

As there is only one major export destination, the average price level is determined by prices for Kyrgyzstan.

From 2013 to 2021, the rate of growth in terms of prices for Kyrgyzstan amounted to +99.8% per year.

Imports of Caviar (Salmon) And Caviar Substitutes

Imports in Central Asia

In 2021, after four years of growth, there was decline in overseas purchases of caviar (salmon) and caviar substitutes, when their volume decreased by -1.8% to X tons. Over the period under review, imports, however, showed a strong increase. The pace of growth appeared the most rapid in 2019 when imports increased by 52% against the previous year. Over the period under review, imports hit record highs at X tons in 2020, and then declined slightly in the following year.

In value terms, caviar (salmon) and caviar substitutes imports surged to $X in 2021. Overall, imports, however, showed a strong increase. The most prominent rate of growth was recorded in 2020 when imports increased by 59% against the previous year. Over the period under review, imports attained the maximum in 2021 and are likely to see gradual growth in years to come.

Imports by Country

Kazakhstan prevails in imports structure, recording X tons, which was approx. 86% of total imports in 2021. It was distantly followed by Uzbekistan (X tons), making up a 9.7% share of total imports. Kyrgyzstan (X tons) followed a long way behind the leaders.

Imports into Kazakhstan increased at an average annual rate of +8.9% from 2012 to 2021. At the same time, Uzbekistan (+44.3%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing importer imported in Central Asia, with a CAGR of +44.3% from 2012-2021. By contrast, Kyrgyzstan (-21.5%) illustrated a downward trend over the same period. Uzbekistan (+9.7 p.p.) and Kyrgyzstan (+2.4 p.p.) significantly strengthened its position in terms of the total imports, while Kazakhstan saw its share reduced by -7.3% from 2012 to 2021, respectively.

In value terms, Kazakhstan ($X) constitutes the largest market for imported caviar (salmon) and caviar substitutes in Central Asia, comprising 85% of total imports. The second position in the ranking was taken by Uzbekistan ($X), with a 13% share of total imports.

In Kazakhstan, caviar (salmon) and caviar substitutes imports increased at an average annual rate of +10.6% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Uzbekistan (+100.6% per year) and Kyrgyzstan (-25.1% per year).

Import Prices by Country

The import price in Central Asia stood at $X per ton in 2021, rising by 42% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.0%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was Uzbekistan ($X per ton), while Kyrgyzstan ($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 (+39.0%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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