Central Asia: Confectionery-Making Industrial Machinery Market 2024

Confectionery-Making Industrial Machinery Market Size in Central Asia

The Central Asian confectionery-making industrial machinery market contracted dramatically to $X in 2022, reducing by -21.9% against the previous year. Over the period under review, consumption, however, continues to indicate buoyant growth. The level of consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Confectionery-Making Industrial Machinery Production in Central Asia

In value terms, confectionery-making industrial machinery production dropped slightly to $X in 2022 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the production volume increased by 13% against the previous year. The level of production peaked at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Confectionery-Making Industrial Machinery Exports

Exports in Central Asia

In 2022, approx. X units of industrial machinery for the manufacture or preparation of confectionery, cocoa or chocolate were exported in Central Asia; which is down by -70.7% compared with the year before. In general, exports, however, saw a resilient increase. The pace of growth was the most pronounced in 2021 when exports increased by 475%. As a result, the exports reached the peak of X units, and then dropped notably in the following year.

In value terms, confectionery-making industrial machinery exports expanded to $X in 2022. Overall, exports, however, recorded a buoyant increase. The most prominent rate of growth was recorded in 2018 with an increase of 50% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to see steady growth in the immediate term.

Exports by Country

Kyrgyzstan (X units) and Kazakhstan (X units) prevails in exports structure, together constituting 93% of total exports. It was distantly followed by Uzbekistan (X units), achieving a 7.4% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Kyrgyzstan (with a CAGR of +62.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Kazakhstan ($X), Uzbekistan ($X) and Kyrgyzstan ($X) constituted the countries with the highest levels of exports in 2022, with a combined 97% share of total exports.

Kyrgyzstan, with a CAGR of +92.1%, 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 unit, jumping by 252% against the previous year. In general, the export price, however, recorded a perceptible slump. The level of export peaked at $X per unit in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kyrgyzstan (+15.3%), while the other leaders experienced mixed trends in the export price figures.

Confectionery-Making Industrial Machinery Imports

Imports in Central Asia

Confectionery-making industrial machinery imports shrank to X units in 2022, reducing by -13.9% against the previous year's figure. Over the period under review, imports, however, continue to indicate a notable increase. The most prominent rate of growth was recorded in 2017 with an increase of 318% against the previous year. Over the period under review, imports attained the maximum at X units in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, confectionery-making industrial machinery imports dropped remarkably to $X in 2022. In general, imports, however, enjoyed a buoyant expansion. The pace of growth appeared the most rapid in 2017 when imports increased by 425% against the previous year. Over the period under review, imports reached the peak figure at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

Kazakhstan (X units) and Uzbekistan (X units) represented roughly 80% of total imports in 2022. It was distantly followed by Turkmenistan (X units), generating an 11% share of total imports. Tajikistan (X units), Kyrgyzstan (X units) and Mongolia (X units) held a relatively small share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Turkmenistan (with a CAGR of +18.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest confectionery-making industrial machinery importing markets in Central Asia were Kazakhstan ($X), Uzbekistan ($X) and Turkmenistan ($X), together accounting for 93% of total imports.

Turkmenistan, with a CAGR of +10.6%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Central Asia amounted to $X per unit, dropping by -11.2% against the previous year. Import price indicated a resilient expansion from 2012 to 2022: its price increased at an average annual rate of +8.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, confectionery-making industrial machinery import price increased by +19.3% against 2020 indices. The pace of growth was the most pronounced in 2014 when the import price increased by 63%. Over the period under review, import prices reached the peak figure at $X per unit in 2021, and then declined in the following year.

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 Uzbekistan ($X per unit), while Kyrgyzstan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kazakhstan (+9.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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