Central Asia: Chocolate Market 2024

Chocolate Exports

Exports in Central Asia

In 2022, shipments abroad of chocolate and other food preparations containing cocoa was finally on the rise to reach X tons after two years of decline. Overall, exports showed a significant increase. The growth pace was the most rapid in 2015 when exports increased by 1,804% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in years to come.

In value terms, chocolate exports soared to $X in 2022. Over the period under review, exports posted a resilient expansion. The growth pace was the most rapid in 2015 when exports increased by 919%. The level of export peaked at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Uzbekistan was the major exporting country with an export of around X tons, which finished at 72% of total exports. It was distantly followed by Kazakhstan (X tons), comprising a 25% share of total exports. Mongolia (X kg) followed a long way behind the leaders.

Uzbekistan was also the fastest-growing in terms of the chocolate and other food preparations containing cocoa exports, with a CAGR of +251.4% from 2012 to 2022. At the same time, Kazakhstan (+25.4%) displayed positive paces of growth. By contrast, Mongolia (-3.3%) illustrated a downward trend over the same period. While the share of Uzbekistan (+72 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Kazakhstan (-13.2 p.p.) and Mongolia (-58.8 p.p.) displayed negative dynamics.

In value terms, Uzbekistan ($X) remains the largest chocolate supplier in Central Asia, comprising 73% of total exports. The second position in the ranking was held by Kazakhstan ($X), with an 18% share of total exports.

In Uzbekistan, chocolate exports expanded at an average annual rate of +221.5% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Kazakhstan (+19.0% per year) and Mongolia (-4.1% per year).

Export Prices by Country

In 2022, the export price in Central Asia amounted to $X per ton, which is down by -23.1% against the previous year. Overall, the export price recorded a abrupt decrease. The pace of growth appeared the most rapid in 2017 when the export price increased by 56% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 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 Mongolia ($X per ton), while Kazakhstan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mongolia (-0.9%), while the other leaders experienced a decline in the export price figures.

Chocolate Imports

Imports in Central Asia

After six years of growth, purchases abroad of chocolate and other food preparations containing cocoa decreased by -6.8% to X tons in 2022. Overall, imports, however, showed a prominent expansion. The most prominent rate of growth was recorded in 2019 with an increase of 51% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2021, and then declined in the following year.

In value terms, chocolate imports declined to $X in 2022. Over the period under review, imports, however, continue to indicate a resilient increase. The pace of growth appeared the most rapid in 2019 with an increase of 43%. Over the period under review, imports hit record highs at $X in 2021, and then shrank in the following year.

Imports by Country

Kazakhstan dominates imports structure, reaching X tons, which was approx. 74% of total imports in 2022. Uzbekistan (X tons) took the second position in the ranking, followed by Kyrgyzstan (X tons) and Mongolia (X tons). All these countries together took near 20% share of total imports. Turkmenistan (X tons) and Tajikistan (X tons) followed a long way behind the leaders.

Imports into Kazakhstan increased at an average annual rate of +10.0% from 2012 to 2022. At the same time, Uzbekistan (+106.9%), Mongolia (+3.9%) and Turkmenistan (+1.9%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing importer imported in Central Asia, with a CAGR of +106.9% from 2012-2022. By contrast, Kyrgyzstan (-5.8%) and Tajikistan (-11.4%) illustrated a downward trend over the same period. Kazakhstan (+20 p.p.) and Uzbekistan (+9.9 p.p.) significantly strengthened its position in terms of the total imports, while Turkmenistan, Tajikistan and Kyrgyzstan saw its share reduced by -2.2%, -12.6% and -13.7% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Kazakhstan ($X) constitutes the largest market for imported chocolate and other food preparations containing cocoa in Central Asia, comprising 74% of total imports. The second position in the ranking was taken by Uzbekistan ($X), with a 9.3% share of total imports. It was followed by Kyrgyzstan, with a 7.2% share.

In Kazakhstan, chocolate imports increased at an average annual rate of +7.9% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Uzbekistan (+111.7% per year) and Kyrgyzstan (-3.8% per year).

Import Prices by Country

In 2022, the import price in Central Asia amounted to $X per ton, leveling off at the previous year. In general, the import price, however, recorded a slight contraction. The most prominent rate of growth was recorded in 2020 an increase of 8.1%. The level of import peaked at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Kyrgyzstan ($X per ton), while Tajikistan ($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 (+2.3%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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