Central Asia: Dry Vegetable Market 2024

Dry Vegetable Market Size in Central Asia

The Central Asian dry vegetable market contracted modestly to $X in 2022, standing approx. at the previous year. Overall, consumption, however, enjoyed prominent growth. Over the period under review, the market reached the peak level at $X in 2021, and then contracted modestly in the following year.

Dry Vegetable Production in Central Asia

In value terms, dry vegetable production totaled $X in 2022 estimated in export price. In general, production faced a abrupt setback. The most prominent rate of growth was recorded in 2016 when the production volume increased by 16% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Dry Vegetable Exports

Exports in Central Asia

In 2022, overseas shipments of dry vegetables decreased by -1.6% to X tons, falling for the third consecutive year after three years of growth. Over the period under review, exports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2017 with an increase of 5,315% against the previous year. The volume of export peaked at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, dry vegetable exports soared to $X in 2022. Overall, exports, however, continue to indicate a significant expansion. The pace of growth was the most pronounced in 2017 with an increase of 8,268%. Over the period under review, the exports reached the maximum at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

Uzbekistan prevails in exports structure, reaching X tons, which was approx. 90% of total exports in 2022. It was distantly followed by Kyrgyzstan (X tons), committing an 8.9% share of total exports.

Exports from Uzbekistan increased at an average annual rate of +9.6% from 2012 to 2022. At the same time, Kyrgyzstan (+34.4%) displayed positive paces of growth. Moreover, Kyrgyzstan emerged as the fastest-growing exporter exported in Central Asia, with a CAGR of +34.4% from 2012-2022. Uzbekistan (+90 p.p.) significantly strengthened its position in terms of the total exports, while Kyrgyzstan saw its share reduced by -18% from 2012 to 2022, respectively.

In value terms, Uzbekistan ($X) remains the largest dry vegetable supplier in Central Asia, comprising 95% of total exports. The second position in the ranking was held by Kyrgyzstan ($X), with a 3.8% share of total exports.

In Uzbekistan, dry vegetable exports increased at an average annual rate of +21.7% over the period from 2012-2022.

Export Prices by Country

The export price in Central Asia stood at $X per ton in 2022, picking up by 29% against the previous year. In general, the export price continues to indicate pronounced growth. The pace of growth was the most pronounced in 2021 an increase of 171%. The level of export peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Uzbekistan ($X per ton), while Kyrgyzstan totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uzbekistan (+11.0%).

Dry Vegetable Imports

Imports in Central Asia

In 2022, purchases abroad of dry vegetables decreased by -5.4% to X tons, falling for the third year in a row after three years of growth. Overall, imports, however, enjoyed a prominent expansion. The pace of growth appeared the most rapid in 2019 with an increase of 874%. As a result, imports attained the peak of X tons. From 2020 to 2022, the growth of imports failed to regain momentum.

In value terms, dry vegetable imports skyrocketed to $X in 2022. In general, imports, however, enjoyed prominent growth. The pace of growth was the most pronounced in 2019 when imports increased by 379%. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Kazakhstan represented the largest importer of dry vegetables in Central Asia, with the volume of imports reaching X tons, which was approx. 75% of total imports in 2022. Kyrgyzstan (X tons) held the second position in the ranking, distantly followed by Mongolia (X tons). All these countries together took approx. 21% share of total imports. Uzbekistan (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to dry vegetable imports into Kazakhstan stood at +2.6%. At the same time, Kyrgyzstan (+36.9%), Uzbekistan (+29.2%) and Mongolia (+14.0%) displayed positive paces of growth. Moreover, Kyrgyzstan emerged as the fastest-growing importer imported in Central Asia, with a CAGR of +36.9% from 2012-2022. From 2012 to 2022, the share of Kyrgyzstan, Mongolia and Uzbekistan increased by +15, +2.9 and +2.3 percentage points, respectively.

In value terms, Kazakhstan ($X) constitutes the largest market for imported dry vegetables in Central Asia, comprising 75% of total imports. The second position in the ranking was held by Mongolia ($X), with a 10% share of total imports. It was followed by Uzbekistan, with a 7.4% share.

In Kazakhstan, dry vegetable imports expanded at an average annual rate of +5.9% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Mongolia (+19.2% per year) and Uzbekistan (+17.0% per year).

Import Prices by Country

In 2022, the import price in Central Asia amounted to $X per ton, growing by 25% against the previous year. In general, the import price continues to indicate perceptible growth. The most prominent rate of growth was recorded in 2021 when the import price increased by 91% against the previous year. Over the period under review, import prices hit record highs in 2022 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Uzbekistan ($X per ton), while Kyrgyzstan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mongolia (+4.5%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :