Central Asia: Cream Market 2021

Cream Market Size in Central Asia

In 2020, the Central Asian cream market increased by X% to $X, rising for the second consecutive year after two years of decline. The market value increased at an average annual rate of +X% from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2015 when the market value increased by X% year-to-year. The level of consumption peaked at $X in 2016; however, from 2017 to 2020, consumption stood at a somewhat lower figure.

Cream Production in Central Asia

In value terms, cream production expanded significantly to $X in 2020 estimated in export prices. The total output value increased at an average annual rate of +X% from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2015 with an increase of X% year-to-year. Over the period under review, production hit record highs at $X in 2016; however, from 2017 to 2020, production remained at a lower figure.

Production By Country in Central Asia

The countries with the highest volumes of cream production in 2020 were Kazakhstan (X tons), Uzbekistan (X tons) and Turkmenistan (X tons), with a combined X% share of total production.

From 2007 to 2020, the most notable rate of growth in terms of cream production, amongst the leading producing countries, was attained by Turkmenistan, while cream production for the other leaders experienced more modest paces of growth.

Cream Exports

Exports in Central Asia

In 2020, the amount of cream exported in Central Asia totaled X kg, with an increase of X% compared with 2019. In general, exports, however, saw a dramatic downturn. The pace of growth was the most pronounced in 2011 when exports increased by X% year-to-year. Over the period under review, exports hit record highs at X tons in 2007; however, from 2008 to 2020, exports remained at a lower figure.

In value terms, cream exports rose markedly to $X in 2020. Over the period under review, exports, however, faced a abrupt contraction. The pace of growth appeared the most rapid in 2009 with an increase of X% year-to-year. As a result, exports reached the peak of $X. From 2010 to 2020, the growth exports remained at a somewhat lower figure.

Exports by Country

The biggest shipments were from Kyrgyzstan (X kg), together reaching X% of total export.

Kyrgyzstan was also the fastest-growing in terms of the cream exports, with a CAGR of +X% from 2007 to 2020. While the share of Kyrgyzstan (+X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Kyrgyzstan ($X) also remains the largest cream supplier in Central Asia.

From 2007 to 2020, the average annual growth rate of value in Kyrgyzstan stood at +X%.

Export Prices by Country

The cream export price in Central Asia stood at $X per ton in 2020, with an increase of X% against the previous year. In general, the export price saw a buoyant increase. The most prominent rate of growth was recorded in 2012 an increase of X% against the previous year. Over the period under review, export prices attained the maximum in 2020 and is expected to retain growth in the immediate term.

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

From 2007 to 2020, the rate of growth in terms of prices for Kyrgyzstan amounted to +X% per year.

Cream Imports

Imports in Central Asia

In 2020, purchases abroad of cream increased by X% to X tons, rising for the fourth consecutive year after five years of decline. Total imports indicated a moderate expansion from 2007 to 2020: its volume increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, imports increased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2011 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. From 2012 to 2020, the growth imports failed to regain the momentum.

In value terms, cream imports rose sharply to $X in 2020. Over the period under review, imports continue to indicate a resilient increase. The pace of growth appeared the most rapid in 2011 with an increase of X% year-to-year. The level of import peaked in 2020 and is expected to retain growth in the near future.

Imports by Country

In 2020, Kyrgyzstan (X tons) represented the main importer of cream, generating X% of total imports. Kazakhstan (X tons) ranks second in terms of the total imports with a X% share, followed by Turkmenistan (X%).

From 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Turkmenistan, while imports for the other leaders experienced more modest paces of growth.

In value terms, Kazakhstan ($X) constitutes the largest market for imported cream in Central Asia, comprising X% of total imports. The second position in the ranking was occupied by Kyrgyzstan ($X), with a X% share of total imports.

In Kazakhstan, cream imports increased at an average annual rate of +X% over the period from 2007-2020. In the other countries, the average annual rates were as follows: Kyrgyzstan (+X% per year) and Turkmenistan (+X% per year).

Import Prices by Country

In 2020, the cream import price in Central Asia amounted to $X per ton, picking up by X% against the previous year. Over the period under review, the import price posted buoyant growth. The pace of growth was the most pronounced in 2012 when the import price increased by X% y-o-y. Over the period under review, import prices attained the maximum in 2020 and is expected to retain growth in years to come.

Prices varied noticeably by the country of destination; the country with the highest price was Kazakhstan ($X per ton), while Turkmenistan ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Kazakhstan, while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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