Central Asia: Market for Dried Or Smoked Fish 2024

Market Size for Dried Or Smoked Fish in Central Asia

After five years of growth, the Central Asian dried or smoked fish market decreased by -10.3% to $X in 2021. Over the period under review, consumption, however, recorded buoyant growth. The level of consumption peaked at $X in 2020, and then shrank in the following year.

Production of Dried Or Smoked Fish in Central Asia

In value terms, dried or smoked fish production fell to $X in 2021 estimated in export price. In general, production, however, showed buoyant growth. The most prominent rate of growth was recorded in 2016 when the production volume increased by 60% against the previous year. The level of production peaked at $X in 2020, and then declined in the following year.

Exports of Dried Or Smoked Fish

Exports in Central Asia

For the sixth consecutive year, Central Asia recorded growth in overseas shipments of dried or smoked fish, which increased by 66% to X tons in 2021. Overall, exports recorded a buoyant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, dried or smoked fish exports surged to $X in 2021. Over the period under review, exports continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2020 with an increase of 69% against the previous year. The level of export peaked in 2021 and is expected to retain growth in the near future.

Exports by Country

In 2021, Kazakhstan (X tons) represented the key exporter of dried or smoked fish in Central Asia, generating 99% of total export.

Kazakhstan was also the fastest-growing in terms of the dried or smoked fish exports, with a CAGR of +16.3% from 2012 to 2021. The shares of the largest exporters remained relatively stable throughout the analyzed period.

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

From 2012 to 2021, the average annual rate of growth in terms of value in Kazakhstan stood at +12.9%.

Export Prices by Country

In 2021, the export price in Central Asia amounted to $X per ton, with a decrease of -27.1% against the previous year. Overall, the export price continues to indicate a noticeable reduction. The pace of growth appeared the most rapid in 2018 when the export price increased by 12% against the previous year. Over the period under review, the export prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

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 -2.9% per year.

Imports of Dried Or Smoked Fish

Imports in Central Asia

In 2021, approx. X tons of dried or smoked fish were imported in Central Asia; which is down by -10.9% on the previous year's figure. In general, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of 20%. Over the period under review, imports attained the maximum at X tons in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, dried or smoked fish imports amounted to $X in 2021. Total imports indicated a measured increase from 2012 to 2021: its value increased at an average annual rate of +2.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +48.4% against 2015 indices. The most prominent rate of growth was recorded in 2013 with an increase of 40%. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports remained at a lower figure.

Imports by Country

Kazakhstan prevails in imports structure, accounting for X tons, which was approx. 78% of total imports in 2021. Kyrgyzstan (X tons) took a 9% share (based on physical terms) of total imports, which put it in second place, followed by Uzbekistan (5.9%). Turkmenistan (X tons) and Mongolia (X tons) held a relatively small share of total imports.

From 2012 to 2021, average annual rates of growth with regard to dried or smoked fish imports into Kazakhstan stood at +5.7%. At the same time, Uzbekistan (+63.7%), Mongolia (+31.5%) and Kyrgyzstan (+24.0%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing importer imported in Central Asia, with a CAGR of +63.7% from 2012-2021. By contrast, Turkmenistan (-24.6%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Kazakhstan, Kyrgyzstan, Uzbekistan and Mongolia increased by +32, +7.7, +5.9 and +1.7 percentage points, respectively.

In value terms, Kazakhstan ($X) constitutes the largest market for imported dried or smoked fish in Central Asia, comprising 81% of total imports. The second position in the ranking was taken by Uzbekistan ($X), with a 9.5% share of total imports. It was followed by Kyrgyzstan, with a 3.5% share.

In Kazakhstan, dried or smoked fish imports expanded at an average annual rate of +4.2% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Uzbekistan (+89.3% per year) and Kyrgyzstan (+3.9% per year).

Import Prices by Country

In 2021, the import price in Central Asia amounted to $X per ton, surging by 25% against the previous year. Over the last nine-year period, it increased at an average annual rate of +3.3%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was Uzbekistan ($X per ton), while Kyrgyzstan ($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 (+15.6%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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