Central Asia: Market for Mixed Condiments, Sauses and Seasonings 2022

Market Size for Mixed Condiments, Sauses and Seasonings in Central Asia

In 2021, after three years of growth, there was decline in the Central Asian market for mixed condiments, sauses and seasonings, when its value decreased by -1.3% to $X. In general, consumption showed a relatively flat trend pattern. The level of consumption peaked at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Production of Mixed Condiments, Sauses and Seasonings in Central Asia

In value terms, mixed condiment, sause and seasoning production contracted to $X in 2021 estimated in export price. Overall, production, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the production volume increased by 15% against the previous year. Over the period under review, production hit record highs at $X in 2020, and then dropped in the following year.

Exports of Mixed Condiments, Sauses and Seasonings

Exports in Central Asia

In 2021, the amount of mixed condiments, sauses and seasonings exported in Central Asia fell to X tons, declining by -3.5% against 2020. Over the period under review, exports, however, enjoyed prominent growth. The pace of growth was the most pronounced in 2017 when exports increased by 45%. Over the period under review, the exports reached the peak figure at X tons in 2020, and then reduced slightly in the following year.

In value terms, mixed condiment, sause and seasoning exports fell slightly to $X in 2021. Total exports indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +7.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +78.6% against 2015 indices. The pace of growth was the most pronounced in 2017 with an increase of 28%. Over the period under review, the exports hit record highs at $X in 2020, and then shrank in the following year.

Exports by Country

Kazakhstan dominates exports structure, finishing at X tons, which was approx. 95% of total exports in 2021. Uzbekistan (X tons) held a minor share of total exports.

Kazakhstan was also the fastest-growing in terms of the mixed condiments, sauses and seasonings exports, with a CAGR of +10.9% from 2012 to 2021. Uzbekistan experienced a relatively flat trend pattern. While the share of Uzbekistan (+3.2 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Kazakhstan (-4.2 p.p.) displayed negative dynamics.

In value terms, Kazakhstan ($X) remains the largest mixed condiment, sause and seasoning supplier in Central Asia, comprising 96% of total exports. The second position in the ranking was held by Uzbekistan ($X), with a 2.8% share of total exports.

In Kazakhstan, mixed condiment, sause and seasoning exports expanded at an average annual rate of +6.9% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Central Asia amounted to $X per ton, remaining constant against the previous year. In general, the export price showed a pronounced descent. The most prominent rate of growth was recorded in 2018 an increase of 8.2% against the previous year. The level of export peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2021, the country with the highest price was Kazakhstan ($X per ton), while Uzbekistan amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kazakhstan (-3.6%).

Imports of Mixed Condiments, Sauses and Seasonings

Imports in Central Asia

In 2021, approx. X tons of mixed condiments, sauses and seasonings were imported in Central Asia; with an increase of 18% on 2020 figures. The total import volume increased at an average annual rate of +4.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2019 when imports increased by 24% against the previous year. The volume of import peaked in 2021 and is likely to continue growth in the near future.

In value terms, mixed condiment, sause and seasoning imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +3.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Kazakhstan represented the major importer of mixed condiments, sauses and seasonings in Central Asia, with the volume of imports accounting for X tons, which was approx. 52% of total imports in 2021. It was distantly followed by Uzbekistan (X tons), Mongolia (X tons), Kyrgyzstan (X tons) and Tajikistan (X tons), together generating a 45% share of total imports. Turkmenistan (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to mixed condiment, sause and seasoning imports into Kazakhstan stood at +1.9%. At the same time, Mongolia (+11.1%), Uzbekistan (+10.4%), Tajikistan (+8.9%) and Kyrgyzstan (+6.8%) displayed positive paces of growth. Moreover, Mongolia emerged as the fastest-growing importer imported in Central Asia, with a CAGR of +11.1% from 2012-2021. Turkmenistan experienced a relatively flat trend pattern. While the share of Uzbekistan (+6.5 p.p.), Mongolia (+4.8 p.p.), Tajikistan (+2.3 p.p.) and Kyrgyzstan (+1.5 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Kazakhstan (-13.8 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Kazakhstan ($X) constitutes the largest market for imported mixed condiments, sauses and seasonings in Central Asia, comprising 47% of total imports. The second position in the ranking was taken by Uzbekistan ($X), with a 20% share of total imports. It was followed by Mongolia, with a 14% share.

In Kazakhstan, mixed condiment, sause and seasoning imports remained relatively stable over the period from 2012-2021. In the other countries, the average annual rates were as follows: Uzbekistan (+13.3% per year) and Mongolia (+7.2% per year).

Import Prices by Country

In 2021, the import price in Central Asia amounted to $X per ton, picking up by 12% against the previous year. Overall, the import price, however, saw a slight decline. The level of import peaked at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Uzbekistan ($X per ton) and Mongolia ($X per ton), while Turkmenistan ($X per ton) and Kazakhstan ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Uzbekistan (+2.6%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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