Central Asia: Market for Frozen Vegetables other than Potato and Corn 2024

Market Size for Frozen Vegetables other than Potato and Corn in Central Asia

The Central Asian market for frozen vegetables other than potato and corn contracted sharply to $X in 2022, waning by -52.3% against the previous year. In general, consumption, however, continues to indicate tangible growth. The level of consumption peaked at $X in 2021, and then shrank notably in the following year.

Production of Frozen Vegetables other than Potato and Corn in Central Asia

In value terms, production of frozen vegetables other than potato and corn skyrocketed to $X in 2022 estimated in export price. Over the period under review, production, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2017 with an increase of 412%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Exports of Frozen Vegetables other than Potato and Corn

Exports in Central Asia

In 2022, shipments abroad of frozen vegetables other than potato and corn increased by 48% to X tons, rising for the third year in a row after two years of decline. Overall, exports posted significant growth. The most prominent rate of growth was recorded in 2017 when exports increased by 1,525%. The volume of export peaked in 2022 and is likely to see steady growth in the near future.

In value terms, exports of frozen vegetables other than potato and corn soared to $X in 2022. Over the period under review, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2017 with an increase of 1,369%. Over the period under review, the exports of reached the maximum in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

Uzbekistan dominates corn structure, finishing at X tons, which was approx. 91% of total exports in 2022. It was distantly followed by Kyrgyzstan (X tons), making up a 7.8% share of total exports.

Uzbekistan was also the fastest-growing in terms of the frozen vegetables other than potato and corn exports, with a CAGR of +30.7% from 2012 to 2022. At the same time, Kyrgyzstan (+20.7%) displayed positive paces of growth. While the share of Uzbekistan (+91 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Kyrgyzstan (-65.2 p.p.) displayed negative dynamics.

In value terms, Uzbekistan ($X) remains the largest frozen vegetables other than potato and corn supplier in Central Asia, comprising 95% of total exports. The second position in the ranking was held by Kyrgyzstan ($X), with a 3.7% share of total exports.

In Uzbekistan, exports of frozen vegetables other than potato and corn expanded at an average annual rate of +47.7% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Central Asia amounted to $X per ton, which is down by -2.8% against the previous year. Export price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for frozen vegetables other than potato and corn increased by +68.2% against 2017 indices. The pace of growth was the most pronounced in 2014 an increase of 79%. Over the period under review, the export prices attained the peak figure at $X per ton in 2021, and then shrank modestly in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Uzbekistan ($X per ton), while Kyrgyzstan amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uzbekistan (+13.0%).

Imports of Frozen Vegetables other than Potato and Corn

Imports in Central Asia

Imports of frozen vegetables other than potato and corn reduced to X tons in 2022, shrinking by -2.5% compared with 2021 figures. In general, imports, however, saw a resilient increase. The growth pace was the most rapid in 2019 when imports increased by 52%. Over the period under review, imports of attained the peak figure at X tons in 2021, and then dropped in the following year.

In value terms, imports of frozen vegetables other than potato and corn stood at $X in 2022. Total imports indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of +4.2% 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 +93.6% against 2018 indices. The pace of growth was the most pronounced in 2019 with an increase of 45% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Kazakhstan (X tons) represented the largest importer of frozen vegetables other than potato and corn, making up 77% of total imports. It was distantly followed by Mongolia (X tons), committing a 17% 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 frozen vegetables other than potato and corn imports into Kazakhstan stood at +4.5%. At the same time, Uzbekistan (+137.9%) and Mongolia (+19.0%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing importer imported in Central Asia, with a CAGR of +137.9% from 2012-2022. Mongolia (+12 p.p.) and Uzbekistan (+3.8 p.p.) significantly strengthened its position in terms of the total imports, while Kazakhstan saw its share reduced by -10.2% from 2012 to 2022, respectively.

In value terms, Kazakhstan ($X) constitutes the largest market for imported frozen vegetables other than potato and corn in Central Asia, comprising 81% of total imports. The second position in the ranking was held by Mongolia ($X), with a 14% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in Kazakhstan amounted to +3.6%. In the other countries, the average annual rates were as follows: Mongolia (+15.3% per year) and Uzbekistan (+151.1% per year).

Import Prices by Country

The import price in Central Asia stood at $X per ton in 2022, rising by 6.7% against the previous year. Over the period under review, the import price, however, showed a mild contraction. The most prominent rate of growth was recorded in 2014 when the import price increased by 16%. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Kazakhstan ($X per ton), while Mongolia ($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 (+5.5%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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