Central Asia: Market for Dried Or Salted Fish 2024

Market Size for Dried Or Salted Fish in Central Asia

In 2021, the Central Asian dried or salted fish market was finally on the rise to reach $X after three years of decline. Overall, consumption, however, recorded a mild reduction. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Production of Dried Or Salted Fish in Central Asia

In value terms, dried or salted fish production stood at $X in 2021 estimated in export price. Over the period under review, production showed a mild downturn. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Exports of Dried Or Salted Fish

Exports in Central Asia

In 2021, after three years of growth, there was significant decline in shipments abroad of dried or salted fish, when their volume decreased by -9.3% to X tons. In general, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 90% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, dried or salted fish exports rose notably to $X in 2021. Overall, exports, however, saw a resilient expansion. The pace of growth appeared the most rapid in 2018 with an increase of 120% against the previous year. The level of export peaked in 2021 and is likely to see gradual growth in the near future.

Exports by Country

In 2021, Kazakhstan (X tons) represented the largest exporter of dried or salted fish in Central Asia, mixing up 100% of total export.

Kazakhstan experienced a relatively flat trend pattern with regard to volume of exports of dried or salted fish. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Kazakhstan ($X) also remains the largest dried or salted fish supplier in Central Asia.

From 2012 to 2021, the average annual growth rate of value in Kazakhstan totaled +7.5%.

Export Prices by Country

The export price in Central Asia stood at $X per ton in 2021, picking up by 25% against the previous year. Over the period under review, the export price enjoyed a prominent expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the rate of growth in terms of prices for Kazakhstan amounted to +7.9% per year.

Imports of Dried Or Salted Fish

Imports in Central Asia

In 2021, supplies from abroad of dried or salted fish increased by 8.3% to X tons, rising for the second consecutive year after five years of decline. In general, imports, however, faced a abrupt contraction. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, dried or salted fish imports skyrocketed to $X in 2021. Overall, imports, however, saw a abrupt slump. The pace of growth appeared the most rapid in 2020 when imports increased by 29%. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Kazakhstan (X tons) represented the key importer of dried or salted fish, committing 80% of total imports. It was distantly followed by Turkmenistan (X tons), generating a 12% share of total imports. Kyrgyzstan (X tons), Uzbekistan (X tons) and Tajikistan (X tons) followed a long way behind the leaders.

Kazakhstan was also the fastest-growing in terms of the dried or salted fish imports, with a CAGR of -1.1% from 2012 to 2021. Kyrgyzstan (-2.5%), Uzbekistan (-7.2%), Tajikistan (-9.5%) and Turkmenistan (-26.1%) illustrated a downward trend over the same period. While the share of Kazakhstan (+48 p.p.), Uzbekistan (+2.2 p.p.) and Kyrgyzstan (+1.7 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Turkmenistan (-52.9 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Kazakhstan ($X) constitutes the largest market for imported dried or salted fish in Central Asia, comprising 87% of total imports. The second position in the ranking was held by Kyrgyzstan ($X), with a 4.8% share of total imports. It was followed by Turkmenistan, with a 3.1% share.

From 2012 to 2021, the average annual growth rate of value in Kazakhstan amounted to -4.5%. In the other countries, the average annual rates were as follows: Kyrgyzstan (-7.0% per year) and Turkmenistan (-28.8% per year).

Import Prices by Country

The import price in Central Asia stood at $X per ton in 2021, rising by 8.9% against the previous year. Import price indicated a measured expansion from 2012 to 2021: its price increased at an average annual rate of +3.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, dried or salted fish import price increased by +71.6% against 2014 indices. The growth pace was the most rapid in 2020 an increase of 23% against the previous year. The level of import peaked in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Kyrgyzstan ($X per ton), while Turkmenistan ($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 (+36.1%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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