Central Asia: Dairy Spread Market 2024

Dairy Spread Market Size in Central Asia

The Central Asian dairy spread market fell to $X in 2022, dropping by -10.9% against the previous year. The market value increased at an average annual rate of +4.3% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Dairy Spread Production in Central Asia

In value terms, dairy spread production contracted modestly to $X in 2022 estimated in export price. Overall, production, however, showed a remarkable increase. The pace of growth appeared the most rapid in 2017 when the production volume increased by 113% against the previous year. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Dairy Spread Exports

Exports in Central Asia

In 2022, exports of dairy spreads in Central Asia fell significantly to X tons, waning by -74.7% compared with 2021. In general, exports recorded a sharp shrinkage. The most prominent rate of growth was recorded in 2016 when exports increased by 421%. As a result, the exports attained the peak of X tons. From 2017 to 2022, the growth of the exports remained at a lower figure.

In value terms, dairy spread exports shrank remarkably to $X in 2022. Over the period under review, exports showed a sharp decline. The pace of growth was the most pronounced in 2016 with an increase of 665% against the previous year. As a result, the exports attained the peak of $X. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Kazakhstan dominates exports structure, resulting at X tons, which was approx. 98% of total exports in 2022. Kyrgyzstan (X kg) followed a long way behind the leaders.

Kazakhstan was also the fastest-growing in terms of the dairy spreads exports, with a CAGR of -34.8% from 2012 to 2022. Kyrgyzstan (-52.1%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Kyrgyzstan increased by +2.4 percentage points.

In value terms, Kazakhstan ($X) remains the largest dairy spread supplier in Central Asia, comprising 100% of total exports. The second position in the ranking was held by Kyrgyzstan ($X), with a 0.1% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Kazakhstan totaled -32.9%.

Export Prices by Country

In 2022, the export price in Central Asia amounted to $X per ton, waning by -9.7% against the previous year. Export price indicated a pronounced expansion from 2012 to 2022: its price increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, dairy spread export price decreased by -11.9% against 2020 indices. The pace of growth appeared the most rapid in 2016 when the export price increased by 47% against the previous year. The level of export peaked at $X per ton in 2020; however, from 2021 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 stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kazakhstan (+2.9%).

Dairy Spread Imports

Imports in Central Asia

In 2022, overseas purchases of dairy spreads decreased by -60.3% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, imports saw a deep contraction. The pace of growth appeared the most rapid in 2014 with an increase of 302% against the previous year. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, dairy spread imports contracted notably to $X in 2022. In general, imports showed a deep downturn. The pace of growth was the most pronounced in 2014 with an increase of 219% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Kazakhstan prevails in imports structure, resulting at X tons, which was approx. 94% of total imports in 2022. The following importers - Uzbekistan (X tons) and Turkmenistan (X tons) - each accounted for a 4.5% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to dairy spread imports into Kazakhstan stood at -12.6%. Turkmenistan (-9.9%) and Uzbekistan (-34.3%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Uzbekistan increased by +2.5 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Kazakhstan ($X) constitutes the largest market for imported dairy spreads in Central Asia, comprising 95% of total imports. The second position in the ranking was taken by Uzbekistan ($X), with a 2.1% share of total imports.

In Kazakhstan, dairy spread imports contracted by an average annual rate of -8.1% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Uzbekistan (-17.8% per year) and Turkmenistan (-6.9% per year).

Import Prices by Country

In 2022, the import price in Central Asia amounted to $X per ton, growing by 63% against the previous year. Over the period under review, the import price continues to indicate buoyant growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Turkmenistan ($X per ton), while Uzbekistan ($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 (+25.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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