Central Asia: Market for Butter And Dairy Spreads 2024

Market Size for Butter And Dairy Spreads in Central Asia

The Central Asian butter and dairy spreads market soared to $X in 2022, growing by 38% against the previous year. Overall, consumption, however, continues to indicate a pronounced reduction. Over the period under review, the market reached the maximum level at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Production of Butter And Dairy Spreads in Central Asia

In value terms, butter and dairy spreads production expanded modestly to $X in 2022 estimated in export price. Overall, production enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2016 with an increase of 108%. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Kyrgyzstan (X tons) constituted the country with the largest volume of butter and dairy spreads production, comprising approx. 100% of total volume.

In Kyrgyzstan, butter and dairy spreads production increased at an average annual rate of +14.2% over the period from 2012-2022.

Exports of Butter And Dairy Spreads

Exports in Central Asia

In 2022, overseas shipments of butter and dairy spreads increased by 4.2% to X tons, rising for the eighth year in a row after two years of decline. Over the period under review, exports saw significant growth. The most prominent rate of growth was recorded in 2015 with an increase of 573%. The volume of export peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, butter and dairy spreads exports soared to $X in 2022. Overall, exports showed a significant expansion. The pace of growth was the most pronounced in 2015 when exports increased by 407%. The level of export peaked in 2022 and is likely to continue growth in the immediate term.

Exports by Country

Kyrgyzstan (X tons) and Kazakhstan (X tons) prevails in exports structure, together creating 98% of total exports. Uzbekistan (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Uzbekistan (with a CAGR of +58.5%), while the other leaders experienced more modest paces of growth.

In value terms, the largest butter and dairy spreads supplying countries in Central Asia were Kazakhstan ($X), Kyrgyzstan ($X) and Uzbekistan ($X), together accounting for 99.9% of total exports.

In terms of the main exporting countries, Uzbekistan, with a CAGR of +69.8%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Central Asia amounted to $X per ton, increasing by 18% against the previous year. Over the last decade, it increased at an average annual rate of +1.8%. The pace of growth appeared the most rapid in 2013 when the export price increased by 30% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Kazakhstan ($X per ton), while Kyrgyzstan ($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 (+7.2%), while the other leaders experienced mixed trends in the export price figures.

Imports of Butter And Dairy Spreads

Imports in Central Asia

In 2022, butter and dairy spreads imports in Central Asia surged to X tons, picking up by 16% against the previous year's figure. Over the period under review, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when imports increased by 56% against the previous year. The volume of import peaked at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, butter and dairy spreads imports surged to $X in 2022. Total imports indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of +2.9% 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 +81.7% against 2019 indices. The pace of growth appeared the most rapid in 2017 when imports increased by 74%. The level of import peaked in 2022 and is likely to see gradual growth in the immediate term.

Imports by Country

Kazakhstan represented the largest importing country with an import of about X tons, which recorded 67% of total imports. Uzbekistan (X tons) took the second position in the ranking, distantly followed by Turkmenistan (X tons). All these countries together held approx. 27% share of total imports. The following importers - Mongolia (X tons) and Tajikistan (X tons) - together made up 5.6% of total imports.

Imports into Kazakhstan decreased at an average annual rate of -3.2% from 2012 to 2022. At the same time, Mongolia (+18.7%) and Uzbekistan (+6.4%) displayed positive paces of growth. Moreover, Mongolia emerged as the fastest-growing importer imported in Central Asia, with a CAGR of +18.7% from 2012-2022. By contrast, Turkmenistan (-1.0%) and Tajikistan (-4.4%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Uzbekistan and Mongolia increased by +20 and +2.7 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Kazakhstan ($X) constitutes the largest market for imported butter and dairy spreads in Central Asia, comprising 66% of total imports. The second position in the ranking was taken by Uzbekistan ($X), with a 21% share of total imports. It was followed by Turkmenistan, with an 8% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Kazakhstan was relatively modest. The remaining importing countries recorded the following average annual rates of imports growth: Uzbekistan (+18.2% per year) and Turkmenistan (+2.0% per year).

Import Prices by Country

The import price in Central Asia stood at $X per ton in 2022, jumping by 17% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.9%. The growth pace was the most rapid in 2013 when the import price increased by 31%. Over the period under review, import prices reached the peak figure in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Turkmenistan ($X per ton), while Tajikistan ($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 (+11.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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