Central Asia: Frozen Fish Market 2024

Frozen Fish Market Size in Central Asia

The Central Asian frozen fish market surged to $X in 2022, jumping by X% against the previous year. The total consumption indicated a resilient increase 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 2015 indices. The level of consumption peaked in 2022 and is likely to see gradual growth in the immediate term.

Frozen Fish Production in Central Asia

In value terms, frozen fish production rose 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; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 when the production volume increased by X% against the previous year. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Frozen Fish Exports

Exports in Central Asia

In 2022, exports of frozen fish in Central Asia declined to X tons, reducing by X% compared with the previous year's figure. Over the period under review, exports, however, recorded strong growth. The most prominent rate of growth was recorded in 2019 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2021, and then dropped in the following year.

In value terms, frozen fish exports declined to $X in 2022. Total exports indicated a buoyant 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, exports increased by X% against 2018 indices. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. As a result, the exports reached the peak of $X, and then fell slightly in the following year.

Exports by Country

Kazakhstan was the key exporter of frozen fish in Central Asia, with the volume of exports recording X tons, which was approx. X% of total exports in 2022. Tajikistan (X tons) ranks second in terms of the total exports with a X% share, followed by Kyrgyzstan (X%).

Exports from Kazakhstan increased at an average annual rate of X% from 2012 to 2022. At the same time, Kyrgyzstan (X%) and Tajikistan (X%) displayed positive paces of growth. Moreover, Kyrgyzstan emerged as the fastest-growing exporter exported in Central Asia, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Tajikistan and Kyrgyzstan increased by X and X percentage points, respectively.

In value terms, the largest frozen fish supplying countries in Central Asia were Kazakhstan ($X), Tajikistan ($X) and Kyrgyzstan ($X), with a combined X% share of total exports.

Kyrgyzstan, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in Central Asia stood at $X per ton in 2022, picking up by X% against the previous year. Overall, the export price, however, saw a slight reduction. The growth pace was the most rapid in 2021 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: 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.

Frozen Fish Imports

Imports in Central Asia

In 2022, imports of frozen fish in Central Asia expanded notably to X tons, increasing by X% on the previous year. Total imports indicated a temperate expansion from 2012 to 2022: its volume 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, imports increased by X% against 2016 indices. The growth pace was the most rapid in 2013 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to see steady growth in the immediate term.

In value terms, frozen fish imports surged to $X in 2022. Overall, imports enjoyed a strong expansion. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in years to come.

Imports by Country

Kazakhstan represented the major importing country with an import of about X tons, which accounted for X% of total imports. Uzbekistan (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Tajikistan (X%). 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 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. From 2012 to 2022, the share of Uzbekistan and Tajikistan increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2012 to 2022, the average annual growth rate of value in Kazakhstan stood at X%. In the other countries, the average annual rates were as follows: Uzbekistan (X% per year) and Tajikistan (X% per year).

Import Prices by Country

The import price in Central Asia stood at $X per ton in 2022, growing by X% against the previous year. Overall, the import price continues to indicate a resilient increase. The pace of growth was the most pronounced in 2019 when the import price increased by X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

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 Kazakhstan (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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