Report Update Nov 1, 2024

Central Asia - Cocoa Paste - Market Analysis, Forecast, Size, Trends and Insights

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Central Asia: Cocoa Paste Market 2024

Cocoa Paste Market Size in Central Asia

After four years of growth, the Central Asian cocoa paste market decreased by -2.3% to $X in 2021. The market value increased at an average annual rate of +3.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2020, and then contracted slightly in the following year.

Cocoa Paste Production in Central Asia

In value terms, cocoa paste production contracted to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 when the production volume increased by 20%. Over the period under review, production attained the peak level at $X in 2020, and then reduced modestly in the following year.

Cocoa Paste Exports

Exports in Central Asia

In 2021, the amount of cocoa paste exported in Central Asia contracted rapidly to X kg, waning by -76.4% on the year before. In general, exports continue to indicate a significant decline. The volume of export peaked at X tons in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, cocoa paste exports fell significantly to $X in 2021. Overall, exports faced a significant contraction. Over the period under review, the exports attained the maximum at $X in 2020, and then dropped sharply in the following year.

Exports by Country

In 2021, Kazakhstan (X kg) was the major exporter of cocoa paste in Central Asia, constituting 100% of total export.

Kazakhstan experienced a relatively flat trend pattern with regard to volume of exports of cocoa paste. Kazakhstan (+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.

From 2015 to 2021, the average annual growth rate of value in Kazakhstan was relatively modest.

Export Prices by Country

The export price in Central Asia stood at $X per ton in 2021, declining by -35.6% against the previous year. Overall, the export price, however, saw a moderate increase. The most prominent rate of growth was recorded in 2020 when the export price decreased by -35.6%. Over the period under review, the export prices reached the maximum at $X per ton in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

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

From 2017 to 2021, the rate of growth in terms of prices for Kazakhstan amounted to 0.0% per year.

Cocoa Paste Imports

Imports in Central Asia

In 2021, supplies from abroad of cocoa paste increased by 18% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, imports showed buoyant growth. The most prominent rate of growth was recorded in 2013 with an increase of 214%. Over the period under review, imports reached the maximum at X tons in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, cocoa paste imports expanded significantly to $X in 2021. Overall, imports showed a pronounced expansion. The growth pace was the most rapid in 2013 when imports increased by 111% against the previous year. The level of import peaked at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

Turkmenistan (X tons) and Uzbekistan (X tons) were the main importers of cocoa paste in 2021, finishing at approx. 44% and 33% of total imports, respectively. It was distantly followed by Kyrgyzstan (X tons), generating an 18% share of total imports. Kazakhstan (X tons) held a little share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Turkmenistan (with a CAGR of +38.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest cocoa paste importing markets in Central Asia were Turkmenistan ($X), Uzbekistan ($X) and Kazakhstan ($X), with a combined 97% share of total imports.

Turkmenistan, with a CAGR of +36.0%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in Central Asia stood at $X per ton in 2021, with a decrease of -3.4% against the previous year. Over the period under review, the import price showed a perceptible shrinkage. The most prominent rate of growth was recorded in 2016 when the import price increased by 34% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Turkmenistan ($X per ton), while Kyrgyzstan ($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 (+20.5%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for cocoa paste in Central Asia?

The countries with the highest volumes of cocoa paste consumption in 2021 were Kazakhstan, Uzbekistan and Tajikistan, with a combined 78% share of total consumption. These countries were followed by Kyrgyzstan and Turkmenistan, which together accounted for a further 22%.

What are the largest producers of cocoa paste in Central Asia?

The countries with the highest volumes of cocoa paste production in 2021 were Kazakhstan, Uzbekistan and Tajikistan, together accounting for 78% of total production. Kyrgyzstan and Turkmenistan lagged somewhat behind, together comprising a further 22%.

What are the leading importers of cocoa paste in Central Asia?

In value terms, Kazakhstan constitutes the largest market for imported cocoa paste in Central Asia, comprising 80% of total imports. The second position in the ranking was occupied by Uzbekistan, with a 15% share of total imports. It was followed by Turkmenistan, with a 2.9% share.

What is the average export price for cocoa paste in Central Asia?

In 2021, the cocoa paste export price in Central Asia amounted to $2,969 per ton, declining by -36.2% against the previous year.

What is the average import price for cocoa paste in Central Asia?

The cocoa paste import price in Central Asia stood at $3,563 per ton in 2021, falling by -1.6% against the previous year.

This report provides an in-depth analysis of the cocoa paste market in Central Asia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 10821100 - Cocoa paste (excluding containing added sugar or other sweetening matter)

Country coverage:

Kazakhstan
Kyrgyzstan
Mongolia
Tajikistan
Turkmenistan
Uzbekistan

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Production in Central Asia, split by region and country
Trade (exports and imports) in Central Asia
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. CONSUMPTION BY COUNTRY
3. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
2. PRODUCTION BY COUNTRY
8. IMPORTS
The Largest Importers on The Market and How They Succeed
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Exporters on The Market and How They Succeed
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
11. COUNTRY PROFILES

The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO
- Kazakhstan
- Kyrgyzstan
- Mongolia
- Tajikistan
- Turkmenistan
- Uzbekistan
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption, By Country, 2018–2023
5. Production, In Physical Terms, By Country, 2012–2023
6. Imports, In Physical Terms, By Country, 2012–2023
7. Imports, In Value Terms, By Country, 2012–2023
8. Import Prices, By Country Of Destination, 2012–2023
9. Exports, In Physical Terms, By Country, 2012–2023
10. Exports, In Value Terms, By Country, 2012–2023
11. Export Prices, By Country Of Origin, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Consumption, By Country, 2023
4. Market Volume Forecast to 2030
5. Market Value Forecast to 2030
6. Products: Market Size And Growth, By Type
7. Products: Average Per Capita Consumption, By Type
8. Products: Exports And Growth, By Type
9. Products: Export Prices And Growth, By Type
10. Production Volume And Growth
11. Exports And Growth
12. Export Prices And Growth
13. Market Size And Growth
14. Per Capita Consumption
15. Imports And Growth
16. Import Prices
17. Production, In Physical Terms, 2012–2023
18. Production, In Value Terms, 2012–2023
19. Production, By Country, 2023
20. Production, In Physical Terms, By Country, 2012–2023
21. Imports, In Physical Terms, 2012–2023
22. Imports, In Value Terms, 2012–2023
23. Imports, In Physical Terms, By Country, 2023
24. Imports, In Physical Terms, By Country, 2012–2023
25. Imports, In Value Terms, By Country, 2012–2023
26. Import Prices, By Country, 2012–2023
27. Exports, In Physical Terms, 2012–2023
28. Exports, In Value Terms, 2012–2023
29. Exports, In Physical Terms, By Country, 2023
30. Exports, In Physical Terms, By Country, 2012–2023
31. Exports, In Value Terms, By Country, 2012–2023
32. Export Prices, 2012–2023