Central Asia: Prepared Baking Powder Market 2024

Prepared Baking Powder Market Size in Central Asia

In 2022, the Central Asian prepared baking powder market decreased by -6.9% to $X for the first time since 2016, thus ending a five-year rising trend. The total consumption indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +69.5% against 2016 indices. The level of consumption peaked at $X in 2021, and then fell in the following year.

Prepared Baking Powder Production in Central Asia

In value terms, prepared baking powder production rose to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.9% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 when the production volume increased by 21%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Prepared Baking Powder Exports

Exports in Central Asia

In 2022, the amount of prepared baking powders exported in Central Asia rose significantly to X tons, with an increase of 7.3% on the year before. In general, exports saw significant growth. The growth pace was the most rapid in 2016 with an increase of 51,111% against the previous year. The volume of export peaked in 2022 and is likely to see gradual growth in the immediate term.

In value terms, prepared baking powder exports contracted to $X in 2022. Overall, exports saw a significant increase. The most prominent rate of growth was recorded in 2016 when exports increased by 25,381% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2021, and then reduced in the following year.

Exports by Country

Uzbekistan represented the major exporter of prepared baking powders in Central Asia, with the volume of exports resulting at X tons, which was near 76% of total exports in 2022. It was distantly followed by Kazakhstan (X tons), achieving a 24% share of total exports.

Uzbekistan was also the fastest-growing in terms of the prepared baking powders exports, with a CAGR of +152.4% from 2012 to 2022. At the same time, Kazakhstan (+40.3%) displayed positive paces of growth. While the share of Uzbekistan (+76 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Kazakhstan (-74.4 p.p.) displayed negative dynamics.

In value terms, Uzbekistan ($X) and Kazakhstan ($X) appeared to be the countries with the highest levels of exports in 2022.

Uzbekistan, with a CAGR of +247.2%, 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 2022, falling by -10.5% against the previous year. In general, the export price recorded a deep slump. The pace of growth was the most pronounced in 2019 an increase of 258%. Over the period under review, the export prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uzbekistan (+37.6%).

Prepared Baking Powder Imports

Imports in Central Asia

In 2022, after seven years of growth, there was decline in supplies from abroad of prepared baking powders, when their volume decreased by -3.3% to X tons. Over the period under review, imports, however, showed a prominent expansion. The pace of growth appeared the most rapid in 2013 with an increase of 45% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2021, and then dropped in the following year.

In value terms, prepared baking powder imports expanded markedly to $X in 2022. Overall, imports, however, recorded prominent growth. The pace of growth was the most pronounced in 2013 when imports increased by 55%. The level of import peaked in 2022 and is likely to see gradual growth in the immediate term.

Imports by Country

Tajikistan (X tons) and Kazakhstan (X tons) were the key importers of prepared baking powders in 2022, recording near 34% and 31% of total imports, respectively. Turkmenistan (X tons) held the next position in the ranking, followed by Kyrgyzstan (X tons) and Uzbekistan (X tons). All these countries together held near 33% share of total imports. Mongolia (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Mongolia (with a CAGR of +25.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest prepared baking powder importing markets in Central Asia were Kazakhstan ($X), Tajikistan ($X) and Kyrgyzstan ($X), together accounting for 81% of total imports.

Among the main importing countries, Tajikistan, with a CAGR of +30.9%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Central Asia stood at $X per ton in 2022, growing by 10% against the previous year. Overall, the import price, however, continues to indicate a noticeable slump. Over the period under review, import prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: 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 2022, the most notable rate of growth in terms of prices was attained by Uzbekistan (+10.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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