Central Asia: Market for Chocolate Bars With Fillings 2024

Market Size for Chocolate Bars With Fillings in Central Asia

For the third consecutive year, the Central Asian chocolate bar with filling market recorded growth in sales value, which increased by 8.2% to $X in 2021. The total consumption indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +7.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +77.6% against 2016 indices. Over the period under review, the market reached the maximum level in 2021 and is likely to see gradual growth in years to come.

Production of Chocolate Bars With Fillings in Central Asia

In value terms, chocolate bar with filling production dropped to $X in 2021 estimated in export price. In general, production, however, posted a prominent expansion. The most prominent rate of growth was recorded in 2017 when the production volume increased by 41% against the previous year. The level of production peaked at $X in 2020, and then declined modestly in the following year.

Exports of Chocolate Bars With Fillings

Exports in Central Asia

In 2021, the amount of chocolate bars with fillings exported in Central Asia surged to X tons, picking up by 24% on the year before. In general, exports, however, continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2018 when exports increased by 96% against the previous year. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, chocolate bar with filling exports surged to $X in 2021. Over the period under review, exports showed a moderate increase. The most prominent rate of growth was recorded in 2017 when exports increased by 60%. Over the period under review, the exports attained the peak figure in 2021 and are likely to see steady growth in the near future.

Exports by Country

In 2021, Kazakhstan (X tons) represented the main exporter of chocolate bars with fillings, achieving 58% of total exports. It was distantly followed by Kyrgyzstan (X tons) and Uzbekistan (X tons), together constituting a 42% share of total exports.

Exports from Kazakhstan increased at an average annual rate of +12.0% from 2012 to 2021. At the same time, Uzbekistan (+39.5%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing exporter exported in Central Asia, with a CAGR of +39.5% from 2012-2021. By contrast, Kyrgyzstan (-21.2%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Kazakhstan and Uzbekistan increased by +49 and +18 percentage points, respectively.

In value terms, the largest chocolate bar with filling supplying countries in Central Asia were Kazakhstan ($X), Kyrgyzstan ($X) and Uzbekistan ($X), with a combined 100% share of total exports.

In terms of the main exporting countries, Uzbekistan, with a CAGR of +48.8%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in Central Asia stood at $X per ton in 2021, growing by 17% against the previous year. Overall, the export price saw a strong increase. The pace of growth appeared the most rapid in 2013 an increase of 117%. Over the period under review, the export prices reached the maximum at $X per ton in 2017; however, from 2018 to 2021, the export prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kyrgyzstan (+21.7%), while the other leaders experienced mixed trends in the export price figures.

Imports of Chocolate Bars With Fillings

Imports in Central Asia

Chocolate bar with filling imports skyrocketed to X tons in 2021, rising by 24% against 2020 figures. Overall, imports showed a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, chocolate bar with filling imports soared to $X in 2021. Over the period under review, imports, however, recorded a relatively flat trend pattern. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

Kazakhstan represented the major importing country with an import of about X tons, which amounted to 51% of total imports. Uzbekistan (X tons) took the second position in the ranking, followed by Kyrgyzstan (X tons), Mongolia (X tons), Turkmenistan (X tons) and Tajikistan (X tons). All these countries together took approx. 49% share of total imports.

Kazakhstan experienced a relatively flat trend pattern with regard to volume of imports of chocolate bars with fillings. At the same time, Uzbekistan (+14.1%), Turkmenistan (+4.2%) and Mongolia (+2.9%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing importer imported in Central Asia, with a CAGR of +14.1% from 2012-2021. By contrast, Kyrgyzstan (-4.3%) and Tajikistan (-5.0%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Uzbekistan and Turkmenistan increased by +16 and +1.8 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Kazakhstan ($X), Uzbekistan ($X) and Kyrgyzstan ($X) constituted the countries with the highest levels of imports in 2021, with a combined 79% share of total imports.

Uzbekistan, with a CAGR of +29.3%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Central Asia stood at $X per ton in 2021, jumping by 20% against the previous year. Over the period under review, the import price, however, showed a mild setback. Over the period under review, import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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 (+13.4%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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