Central Asia: Festive Articles Market 2024

Festive Articles Market Size in Central Asia

The Central Asian festive articles market stood at $X in 2022, surging by 5.3% against the previous year. The total consumption indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +8.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -1.9% against 2020 indices. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market remained at a lower figure.

Festive Articles Production in Central Asia

In value terms, festive articles production rose notably to $X in 2022 estimated in export price. Overall, production continues to indicate a resilient increase. The growth pace was the most rapid in 2014 when the production volume increased by 131%. As a result, production reached the peak level of $X. From 2015 to 2022, production growth failed to regain momentum.

Festive Articles Exports

Exports in Central Asia

In 2022, shipments abroad of festive or carnival articles increased by 1,158% to X tons, rising for the fourth consecutive year after three years of decline. Over the period under review, exports enjoyed a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, festive articles exports surged to $X in 2022. Overall, exports enjoyed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Kazakhstan was the largest exporting country with an export of about X tons, which amounted to 66% of total exports. It was distantly followed by Kyrgyzstan (X tons) and Uzbekistan (X tons), together creating a 34% share of total exports.

Kazakhstan was also the fastest-growing in terms of the festive or carnival articles exports, with a CAGR of +96.7% from 2012 to 2022. At the same time, Kyrgyzstan (+41.3%) and Uzbekistan (+33.6%) displayed positive paces of growth. Kazakhstan (+62 p.p.) significantly strengthened its position in terms of the total exports, while Uzbekistan and Kyrgyzstan saw its share reduced by -11.2% and -15% from 2012 to 2022, respectively.

In value terms, Kazakhstan ($X) emerged as the largest festive articles supplier in Central Asia, comprising 62% of total exports. The second position in the ranking was held by Kyrgyzstan ($X), with a 27% share of total exports.

In Kazakhstan, festive articles exports expanded at an average annual rate of +68.1% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Kyrgyzstan (+21.1% per year) and Uzbekistan (+26.3% per year).

Export Prices by Country

In 2022, the export price in Central Asia amounted to $X per ton, declining by -77.9% against the previous year. In general, the export price faced a abrupt slump. The most prominent rate of growth was recorded in 2017 an increase of 124%. As a result, the export price reached the peak level of $X per ton. From 2018 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Kyrgyzstan ($X per ton), while Uzbekistan ($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 (-5.4%), while the other leaders experienced a decline in the export price figures.

Festive Articles Imports

Imports in Central Asia

In 2022, supplies from abroad of festive or carnival articles increased by 12% to X tons, rising for the second consecutive year after two years of decline. In general, imports continue to indicate a strong increase. The most prominent rate of growth was recorded in 2016 with an increase of 195%. As a result, imports attained the peak of X tons. From 2017 to 2022, the growth of imports remained at a lower figure.

In value terms, festive articles imports stood at $X in 2022. Overall, imports showed a buoyant increase. The pace of growth was the most pronounced in 2016 when imports increased by 103%. Over the period under review, imports attained the maximum at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

Kazakhstan (X tons) and Uzbekistan (X tons) dominates imports structure, together generating 87% of total imports. It was distantly followed by Tajikistan (X tons), committing a 4.9% share of total imports. The following importers - Kyrgyzstan (X tons) and Turkmenistan (X tons) - each reached a 7.9% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Uzbekistan (with a CAGR of +34.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Kazakhstan ($X) constitutes the largest market for imported festive or carnival articles in Central Asia, comprising 71% of total imports. The second position in the ranking was taken by Uzbekistan ($X), with a 15% share of total imports. It was followed by Turkmenistan, with a 4.2% share.

In Kazakhstan, festive articles imports increased at an average annual rate of +21.2% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Uzbekistan (+57.3% per year) and Turkmenistan (-2.7% per year).

Import Prices by Country

The import price in Central Asia stood at $X per ton in 2022, reducing by -8.9% against the previous year. In general, the import price continues to indicate a mild setback. The pace of growth appeared the most rapid in 2017 an increase of 36%. Over the period under review, import prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Kazakhstan ($X per ton), while Uzbekistan ($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 (+16.8%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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