Central Asia: Market for Chocolate Bars with Cereals, Fruit or Nuts 2024

Market Size for Chocolate Bars with Cereals, Fruit or Nuts in Central Asia

The Central Asian market for chocolate bars with cereals, fruit or nuts amounted to $X in 2022, picking up by 2.8% against the previous year. The market value increased at an average annual rate of +3.9% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the peak level in 2022 and is likely to continue growth in the immediate term.

Production of Chocolate Bars with Cereals, Fruit or Nuts in Central Asia

In value terms, production of chocolate bars with cereals, fruit or nuts declined slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +4.1% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 with an increase of 21%. The level of production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Exports of Chocolate Bars with Cereals, Fruit or Nuts

Exports in Central Asia

In 2022, the amount of chocolate bars with cereals, fruit or nuts exported in Central Asia rose significantly to X tons, picking up by 9.6% against the previous year's figure. Overall, exports saw a modest expansion. The pace of growth was the most pronounced in 2014 when exports increased by 468%. Over the period under review, the exports of reached the peak figure at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, exports of chocolate bars with cereals, fruit or nuts surged to $X in 2022. In general, exports recorded a perceptible expansion. The most prominent rate of growth was recorded in 2014 when exports increased by 510%. The level of export peaked at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Kazakhstan was the largest exporting country with an export of about X tons, which resulted at 78% of total exports. It was distantly followed by Uzbekistan (X tons), mixing up a 21% share of total exports.

Kazakhstan experienced a relatively flat trend pattern with regard to volume of exports of chocolate bars with cereals, fruit or nuts. At the same time, Uzbekistan (+67.5%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing exporter exported in Central Asia, with a CAGR of +67.5% from 2012-2022. Uzbekistan (+21 p.p.) significantly strengthened its position in terms of the total exports, while Kazakhstan saw its share reduced by -16.4% from 2012 to 2022, respectively.

In value terms, Kazakhstan ($X) remains the largest cereal, fruit or nut chocolate bar supplier in Central Asia, comprising 84% of total exports. The second position in the ranking was held by Uzbekistan ($X), with a 15% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Kazakhstan was relatively modest.

Export Prices by Country

The export price in Central Asia stood at $X per ton in 2022, surging by 14% against the previous year. Over the last decade, it increased at an average annual rate of +1.1%. The pace of growth was the most pronounced in 2017 an increase of 34% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uzbekistan (+18.3%).

Imports of Chocolate Bars with Cereals, Fruit or Nuts

Imports in Central Asia

Imports of chocolate bars with cereals, fruit or nuts soared to X tons in 2022, growing by 20% on 2021. Total imports indicated a moderate expansion from 2012 to 2022: its volume increased at an average annual rate of +3.3% 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 +152.6% against 2015 indices. The most prominent rate of growth was recorded in 2016 when imports increased by 27%. Over the period under review, imports of hit record highs in 2022 and are likely to see gradual growth in the immediate term.

In value terms, imports of chocolate bars with cereals, fruit or nuts soared to $X in 2022. Total imports indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of +2.0% 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 +141.4% against 2015 indices. The most prominent rate of growth was recorded in 2017 when imports increased by 25% against the previous year. Over the period under review, imports of reached the peak figure in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Uzbekistan (X tons) and Kazakhstan (X tons) represented roughly 66% of total imports in 2022. Kyrgyzstan (X tons) ranks next in terms of the total imports with a 19% share, followed by Mongolia (10%). Turkmenistan (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Uzbekistan (with a CAGR of +32.9%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, the largest cereal, fruit or nut chocolate bar importing markets in Central Asia were Uzbekistan ($X), Kazakhstan ($X) and Mongolia ($X), with a combined 84% share of total imports.

Uzbekistan, with a CAGR of +32.1%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

In 2022, the import price in Central Asia amounted to $X per ton, dropping by -3.2% against the previous year. Over the period under review, the import price recorded a slight downturn. The pace of growth was the most pronounced in 2021 an increase of 10%. Over the period under review, import prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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 Mongolia ($X per ton), while Kyrgyzstan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mongolia (+1.9%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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