Central Asia: Cheese And Curd Market 2024

Cheese And Curd Market Size in Central Asia

The Central Asian cheese and curd market rose markedly to $X in 2022, surging by 14% against the previous year. The market value increased at an average annual rate of +3.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Cheese And Curd Production in Central Asia

In value terms, cheese and curd production amounted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.4% over the period from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2017 with an increase of 9.6%. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Cheese And Curd Exports

Exports in Central Asia

In 2022, shipments abroad of cheese and curd decreased by -24.6% to X tons, falling for the second year in a row after two years of growth. Over the period under review, exports, however, continue to indicate a buoyant expansion. The pace of growth was the most pronounced in 2015 with an increase of 249% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, cheese and curd exports totaled $X in 2022. In general, exports, however, enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2015 with an increase of 152% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to see gradual growth in the near future.

Exports by Country

The biggest shipments were from Kyrgyzstan (X tons) and Kazakhstan (X tons), together resulting at 100% of total export.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Kazakhstan (with a CAGR of +14.6%).

In value terms, the largest cheese and curd supplying countries in Central Asia were Kyrgyzstan ($X) and Kazakhstan ($X).

Kazakhstan, with a CAGR of +19.1%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review.

Export Prices by Country

The export price in Central Asia stood at $X per ton in 2022, increasing by 43% against the previous year. Over the last decade, it increased at an average annual rate of +1.6%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Kazakhstan ($X per ton), while Kyrgyzstan totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kazakhstan (+3.9%).

Cheese And Curd Imports

Imports in Central Asia

In 2022, approx. X tons of cheese and curd were imported in Central Asia; increasing by 9.1% on the year before. Total imports indicated buoyant growth from 2012 to 2022: its volume increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +43.6% against 2017 indices. The most prominent rate of growth was recorded in 2020 with an increase of 23%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, cheese and curd imports surged to $X in 2022. Over the period under review, imports recorded resilient growth. The growth pace was the most rapid in 2017 when imports increased by 41%. Over the period under review, imports attained the peak figure in 2022 and are likely to see gradual growth in years to come.

Imports by Country

Kazakhstan represented the major importing country with an import of about X tons, which resulted at 76% of total imports. Uzbekistan (X tons) held the second position in the ranking, distantly followed by Mongolia (X tons). All these countries together held approx. 19% share of total imports. Kyrgyzstan (X tons) and Turkmenistan (X tons) held a little share of total imports.

Imports into Kazakhstan increased at an average annual rate of +4.6% from 2012 to 2022. At the same time, Uzbekistan (+39.7%), Kyrgyzstan (+13.2%) and Mongolia (+12.9%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing importer imported in Central Asia, with a CAGR of +39.7% from 2012-2022. By contrast, Turkmenistan (-11.9%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Uzbekistan, Mongolia and Kyrgyzstan increased by +14, +2.4 and +1.7 percentage points, respectively.

In value terms, Kazakhstan ($X) constitutes the largest market for imported cheese and curd in Central Asia, comprising 77% of total imports. The second position in the ranking was taken by Uzbekistan ($X), with a 13% share of total imports. It was followed by Mongolia, with a 4.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Kazakhstan amounted to +4.6%. In the other countries, the average annual rates were as follows: Uzbekistan (+54.2% per year) and Mongolia (+12.0% per year).

Import Prices by Country

In 2022, the import price in Central Asia amounted to $X per ton, increasing by 21% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. Over the period under review, import prices attained the maximum at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Kazakhstan ($X per ton) and Kyrgyzstan ($X per ton), while Turkmenistan ($X per ton) and Uzbekistan ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uzbekistan (+10.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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