Central Asia: Market for Frozen Fish And Seafood 2024

Market Size for Frozen Fish And Seafood in Central Asia

The Central Asian frozen fish and seafood market expanded sharply to $X in 2022, surging by X% against the previous year. The total consumption indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2012 indices. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in the near future.

Production of Frozen Fish And Seafood in Central Asia

In value terms, frozen fish and seafood production expanded slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2013 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of Frozen Fish And Seafood

Exports in Central Asia

In 2022, the amount of frozen fish and seafood exported in Central Asia reduced modestly to X tons, shrinking by X% on the previous year. In general, exports, however, continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2019 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2021, and then shrank modestly in the following year.

In value terms, frozen fish and seafood exports reached $X in 2022. Overall, exports, however, saw a buoyant expansion. The growth pace was the most rapid in 2013 when exports increased by X%. The level of export peaked in 2022 and is likely to see gradual growth in years to come.

Exports by Country

Kazakhstan was the key exporting country with an export of around X tons, which recorded X% of total exports. Tajikistan (X tons) took the second position in the ranking, distantly followed by Kyrgyzstan (X tons). All these countries together held near X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Kyrgyzstan (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest frozen fish and seafood supplying countries in Central Asia were Kazakhstan ($X), Tajikistan ($X) and Kyrgyzstan ($X), together comprising X% of total exports.

Kyrgyzstan, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Central Asia amounted to $X per ton, picking up by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2013 an increase of X% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Tajikistan ($X per ton), while Kazakhstan ($X per ton) was amongst the lowest.

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

Imports of Frozen Fish And Seafood

Imports in Central Asia

In 2022, supplies from abroad of frozen fish and seafood increased by X% to X tons, rising for the eighth year in a row after two years of decline. Over the period under review, imports showed a buoyant expansion. The growth pace was the most rapid in 2015 with an increase of X%. The volume of import peaked in 2022 and is likely to see gradual growth in years to come.

In value terms, frozen fish and seafood imports skyrocketed to $X in 2022. In general, imports posted buoyant growth. The pace of growth appeared the most rapid in 2019 when imports increased by X%. The level of import peaked in 2022 and is likely to see gradual growth in the immediate term.

Imports by Country

Kazakhstan was the largest importing country with an import of about X tons, which recorded X% of total imports. Uzbekistan (X tons) held the second position in the ranking, followed by Tajikistan (X tons). All these countries together took approx. X% share of total imports. The following importers - Kyrgyzstan (X tons) and Turkmenistan (X tons) - together made up X% of total imports.

From 2012 to 2022, average annual rates of growth with regard to frozen fish and seafood imports into Kazakhstan stood at X%. At the same time, Uzbekistan (X%), Tajikistan (X%) and Turkmenistan (X%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing importer imported in Central Asia, with a CAGR of X% from 2012-2022. By contrast, Kyrgyzstan (X%) illustrated a downward trend over the same period. Uzbekistan (X p.p.) and Tajikistan (X p.p.) significantly strengthened its position in terms of the total imports, while Kyrgyzstan saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Kazakhstan ($X) constitutes the largest market for imported frozen fish and seafood in Central Asia, comprising X% of total imports. The second position in the ranking was taken by Uzbekistan ($X), with an X% share of total imports. It was followed by Tajikistan, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Kazakhstan amounted to X%. The remaining importing countries recorded the following average annual rates of imports growth: Uzbekistan (X% per year) and Tajikistan (X% per year).

Import Prices by Country

In 2022, the import price in Central Asia amounted to $X per ton, picking up by X% against the previous year. Import price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, frozen fish and seafood import price increased by X% against 2016 indices. The pace of growth was the most pronounced in 2019 when the import price increased by X%. The level of import peaked 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 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 (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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