Central Asia: Market for Flours, Meals And Pellets Of Fish 2024

Market Size for Flours, Meals And Pellets Of Fish in Central Asia

In 2021, the Central Asian fish meals and pellet market increased by 132% to $X, rising for the second consecutive year after two years of decline. Overall, consumption saw a relatively flat trend pattern. The level of consumption peaked at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Production of Flours, Meals And Pellets Of Fish in Central Asia

In value terms, fish meals and pellet production fell modestly to $X in 2021 estimated in export price. The total production indicated pronounced growth from 2012 to 2021: its value increased at an average annual rate of +4.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +2.5% against 2019 indices. The growth pace was the most rapid in 2016 with an increase of 43%. As a result, production reached the peak level of $X. From 2017 to 2021, production growth remained at a lower figure.

Exports of Flours, Meals And Pellets Of Fish

Exports in Central Asia

In 2021, overseas shipments of flours, meals and pellets of fish decreased by -24.5% to X tons, falling for the second consecutive year after two years of growth. Overall, exports, however, continue to indicate a prominent expansion. The pace of growth appeared the most rapid in 2016 with an increase of 137% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, fish meals and pellet exports surged to $X in 2021. Over the period under review, exports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2016 with an increase of 255% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in the near future.

Exports by Country

In 2021, Kazakhstan (X tons) represented the largest exporter of flours, meals and pellets of fish in Central Asia, constituting 99% of total export.

Kazakhstan was also the fastest-growing in terms of the flours, meals and pellets of fish exports, with a CAGR of +15.5% 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 fish meals and pellet supplier in Central Asia.

From 2012 to 2021, the average annual growth rate of value in Kazakhstan totaled +31.4%.

Export Prices by Country

In 2021, the export price in Central Asia amounted to $X per ton, increasing by 116% against the previous year. Over the period under review, the export price enjoyed a prominent expansion. As a result, the export price attained 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 +13.7% per year.

Imports of Flours, Meals And Pellets Of Fish

Imports in Central Asia

In 2021, supplies from abroad of flours, meals and pellets of fish increased by 315% to X tons for the first time since 2018, thus ending a two-year declining trend. Overall, imports posted a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, fish meals and pellet imports soared to $X in 2021. In general, imports enjoyed a resilient expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Kyrgyzstan represented the key importer of flours, meals and pellets of fish in Central Asia, with the volume of imports resulting at X tons, which was near 64% of total imports in 2021. It was distantly followed by Kazakhstan (X tons), committing a 31% share of total imports. Tajikistan (X tons) and Uzbekistan (X tons) held a minor share of total imports.

Imports into Kyrgyzstan increased at an average annual rate of +30.4% from 2012 to 2021. At the same time, Tajikistan (+49.5%), Uzbekistan (+21.4%) and Kazakhstan (+10.3%) displayed positive paces of growth. Moreover, Tajikistan emerged as the fastest-growing importer imported in Central Asia, with a CAGR of +49.5% from 2012-2021. From 2012 to 2021, the share of Kyrgyzstan and Tajikistan increased by +64 and +2.8 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Kazakhstan ($X) constitutes the largest market for imported flours, meals and pellets of fish in Central Asia, comprising 86% of total imports. The second position in the ranking was held by Kyrgyzstan ($X), with an 11% share of total imports. It was followed by Tajikistan, with a 1.9% share.

In Kazakhstan, fish meals and pellet imports increased at an average annual rate of +14.7% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Kyrgyzstan (-6.9% per year) and Tajikistan (+77.8% per year).

Import Prices by Country

The import price in Central Asia stood at $X per ton in 2021, reducing by -18.8% against the previous year. Over the period under review, the import price saw a drastic downturn. The pace of growth appeared the most rapid in 2016 when the import price increased by 46% against the previous year. As a result, import price attained the peak level of $X per ton. From 2017 to 2021, the import prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Tajikistan (+18.9%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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