Central Asia: Frozen Whole Fish Market 2024

Frozen Whole Fish Market Size in Central Asia

The Central Asian frozen whole fish market rose notably to $X in 2021, picking up by 12% against the previous year. Over the period under review, consumption recorded a resilient expansion. The level of consumption peaked in 2021 and is likely to continue growth in the near future.

Frozen Whole Fish Production in Central Asia

In value terms, frozen whole fish production shrank to $X in 2021 estimated in export price. Overall, production saw a resilient increase. The pace of growth was the most pronounced in 2017 with an increase of 50%. Over the period under review, production hit record highs at $X in 2020, and then declined in the following year.

Frozen Whole Fish Exports

Exports in Central Asia

In 2021, exports of frozen whole fish in Central Asia soared to X tons, increasing by 23% on the previous year's figure. Over the period under review, exports enjoyed a resilient expansion. The growth pace was the most rapid in 2016 with an increase of 31% against the previous year. The volume of export peaked in 2021 and is expected to retain growth in years to come.

In value terms, frozen whole fish exports skyrocketed to $X in 2021. In general, exports showed strong growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, Kazakhstan (X tons) represented the key exporter of frozen whole fish, creating 83% of total exports. It was distantly followed by Kyrgyzstan (X tons), mixing up a 16% share of total exports.

Exports from Kazakhstan increased at an average annual rate of +6.0% from 2012 to 2021. At the same time, Kyrgyzstan (+153.0%) displayed positive paces of growth. Moreover, Kyrgyzstan emerged as the fastest-growing exporter exported in Central Asia, with a CAGR of +153.0% from 2012-2021. Kyrgyzstan (+16 p.p.) significantly strengthened its position in terms of the total exports, while Kazakhstan saw its share reduced by -15.9% from 2012 to 2021, respectively.

In value terms, the largest frozen whole fish supplying countries in Central Asia were Kyrgyzstan ($X) and Kazakhstan ($X).

Kyrgyzstan, with a CAGR of +199.5%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review.

Export Prices by Country

The export price in Central Asia stood at $X per ton in 2021, picking up by 73% against the previous year. Export price indicated a buoyant increase from 2012 to 2021: its price increased at an average annual rate of +6.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Kyrgyzstan ($X per ton), while Kazakhstan stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kyrgyzstan (+18.4%).

Frozen Whole Fish Imports

Imports in Central Asia

In 2021, imports of frozen whole fish in Central Asia soared to X tons, picking up by 20% against the year before. Total imports indicated a moderate increase from 2012 to 2021: its volume increased at an average annual rate of +2.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +84.8% against 2014 indices. The pace of growth was the most pronounced in 2015 with an increase of 29% against the previous year. Over the period under review, imports attained the maximum in 2021 and are likely to see steady growth in years to come.

In value terms, frozen whole fish imports soared to $X in 2021. In general, imports enjoyed strong growth. The pace of growth was the most pronounced in 2019 with an increase of 35%. The level of import peaked in 2021 and is expected to retain growth in the immediate term.

Imports by Country

Kazakhstan dominates imports structure, reaching X tons, which was near 76% of total imports in 2021. Uzbekistan (X tons) ranks second in terms of the total imports with a 9.5% share, followed by Tajikistan (6.6%). Kyrgyzstan (X tons) and Turkmenistan (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to frozen whole fish imports into Kazakhstan stood at +1.8%. At the same time, Uzbekistan (+26.0%), Tajikistan (+20.0%) and Turkmenistan (+18.6%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing importer imported in Central Asia, with a CAGR of +26.0% from 2012-2021. By contrast, Kyrgyzstan (-10.3%) illustrated a downward trend over the same period. While the share of Uzbekistan (+9.5 p.p.), Tajikistan (+5 p.p.) and Turkmenistan (+1.9 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Kazakhstan (-5.9 p.p.) and Kyrgyzstan (-10.7 p.p.) displayed negative dynamics.

In value terms, Kazakhstan ($X) constitutes the largest market for imported frozen whole fish in Central Asia, comprising 82% of total imports. The second position in the ranking was held by Uzbekistan ($X), with a 7.7% share of total imports. It was followed by Tajikistan, with a 5.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Kazakhstan totaled +11.6%. The remaining importing countries recorded the following average annual rates of imports growth: Uzbekistan (+44.4% per year) and Tajikistan (+18.3% per year).

Import Prices by Country

The import price in Central Asia stood at $X per ton in 2021, surging by 9.9% against the previous year. Over the period under review, the import price posted a strong increase. The most prominent rate of growth was recorded in 2019 an increase of 23%. The level of import peaked in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Kazakhstan ($X per ton), while Turkmenistan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Uzbekistan (+14.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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