Central Asia: Market for Malt Extract And Food Preparations Of Flour, Meal, And Starch 2024

Exports of Malt Extract And Food Preparations Of Flour, Meal, And Starch

Exports in Central Asia

In 2022, the amount of malt extract and food preparations of flour, meal, and starches exported in Central Asia surged to X tons, jumping by 233% against the previous year. In general, exports enjoyed a significant increase. The volume of export peaked at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, exports of malt extract and food preparations of flour, meal, and starches skyrocketed to $X in 2022. Overall, exports saw a significant increase. Over the period under review, the exports of attained the peak figure at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Kazakhstan dominates starches structure, recording X tons, which was approx. 88% of total exports in 2022. Uzbekistan (X tons) held the second position in the ranking, followed by Mongolia (X tons). All these countries together took approx. 12% share of total exports.

Kazakhstan was also the fastest-growing in terms of the malt extract and food preparations of flour, meal, and starches exports, with a CAGR of +33.8% from 2012 to 2022. At the same time, Mongolia (+25.2%) and Uzbekistan (+24.0%) displayed positive paces of growth. From 2012 to 2022, the share of Kazakhstan and Uzbekistan increased by +13 and +6.4 percentage points, respectively.

In value terms, Kazakhstan ($X) remains the largest malt extract and food preparations of flour, meal, and starch supplier in Central Asia, comprising 82% of total exports. The second position in the ranking was taken by Uzbekistan ($X), with a 12% share of total exports.

In Kazakhstan, exports of malt extract and food preparations of flour, meal, and starches expanded at an average annual rate of +21.8% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Uzbekistan (+49.5% per year) and Mongolia (+14.6% per year).

Export Prices by Country

In 2022, the export price in Central Asia amounted to $X per ton, leveling off at the previous year. Over the period under review, the export price, however, saw a drastic downturn. The most prominent rate of growth was recorded in 2016 an increase of 55%. As a result, the export price attained the peak level of $X per ton. From 2017 to 2022, the export prices remained at a somewhat 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 ($X per ton), while Kazakhstan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uzbekistan (+20.5%), while the other leaders experienced a decline in the export price figures.

Imports of Malt Extract And Food Preparations Of Flour, Meal, And Starch

Imports in Central Asia

In 2022, supplies from abroad of malt extract and food preparations of flour, meal, and starches decreased by -15.9% to X tons for the first time since 2016, thus ending a five-year rising trend. Over the period under review, imports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2015 with an increase of 127%. The volume of import peaked at X tons in 2021, and then shrank dramatically in the following year.

In value terms, imports of malt extract and food preparations of flour, meal, and starches contracted to $X in 2022. Overall, imports, however, continue to indicate significant growth. The pace of growth was the most pronounced in 2014 with an increase of 172%. The level of import peaked at $X in 2021, and then dropped in the following year.

Imports by Country

Uzbekistan (X tons) and Kazakhstan (X tons) represented roughly 72% of total imports in 2022. Tajikistan (X tons) held a 10% share (based on physical terms) of total imports, which put it in second place, followed by Kyrgyzstan (7.1%), Turkmenistan (6.3%) and Mongolia (4.7%).

From 2012 to 2022, the biggest increases were recorded for Turkmenistan (with a CAGR of +36.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Kazakhstan ($X) constitutes the largest market for imported malt extract and food preparations of flour, meal, and starches in Central Asia, comprising 59% of total imports. The second position in the ranking was taken by Uzbekistan ($X), with an 18% share of total imports. It was followed by Kyrgyzstan, with a 7.8% share.

In Kazakhstan, imports of malt extract and food preparations of flour, meal, and starches expanded at an average annual rate of +22.4% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Uzbekistan (+31.6% per year) and Kyrgyzstan (+22.5% per year).

Import Prices by Country

The import price in Central Asia stood at $X per ton in 2022, surging by 5% against the previous year. Over the period under review, the import price, however, saw a perceptible slump. The pace of growth was the most pronounced in 2021 when the import price increased by 26% against the previous year. The level of import peaked at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: 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 (+2.4%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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