Central Asia: Market for Protein Concentrates and Flavoured or Coloured Sugar Syrups 2024

Market Size for Protein Concentrates and Flavoured or Coloured Sugar Syrups in Central Asia

The Central Asian market for protein concentrates and flavoured or coloured sugar syrups was finally on the rise to reach $X in 2021, after three years of decline. Overall, consumption saw strong growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Protein Concentrates and Flavoured or Coloured Sugar Syrups in Central Asia

In value terms, production of protein concentrates and flavoured or coloured sugar syrups rose remarkably to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.8% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 when the production volume increased by 34%. Over the period under review, production of hit record highs at $X in 2017; however, from 2018 to 2021, production failed to regain momentum.

Exports of Protein Concentrates and Flavoured or Coloured Sugar Syrups

Exports in Central Asia

In 2021, approx. X tons of protein concentrates and flavoured or coloured sugar syrups were exported in Central Asia; with an increase of 77% on the previous year's figure. In general, exports saw a tangible expansion. The growth pace was the most rapid in 2017 with an increase of 736% against the previous year. Over the period under review, the exports of reached the peak figure at X tons in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, exports of protein concentrates and flavoured or coloured sugar syrups surged to $X in 2021. Overall, exports saw mild growth. The pace of growth was the most pronounced in 2017 when exports increased by 709%. The level of export peaked in 2021 and is likely to see gradual growth in the immediate term.

Exports by Country

Kazakhstan represented the key exporting country with an export of about X tons, which accounted for 50% of total exports. Tajikistan (X tons) took a 26% share (based on physical terms) of total exports, which put it in second place, followed by Mongolia (23%).

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Tajikistan (with a CAGR of +266.0%), while the other leaders experienced a decline in the exports figures.

In value terms, the largest protein concentrate and flavoured or coloured sugar syrup supplying countries in Central Asia were Kazakhstan ($X), Tajikistan ($X) and Mongolia ($X), together accounting for 96% of total exports.

Tajikistan, with a CAGR of +268.6%, 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 a decline in the exports figures.

Export Prices by Country

The export price in Central Asia stood at $X per ton in 2021, increasing by 32% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the export price increased by 35% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Tajikistan ($X per ton), while Mongolia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Tajikistan (+0.7%), while the other leaders experienced a decline in the export price figures.

Imports of Protein Concentrates and Flavoured or Coloured Sugar Syrups

Imports in Central Asia

In 2021, purchases abroad of protein concentrates and flavoured or coloured sugar syrups increased by 28% to X tons for the first time since 2017, thus ending a three-year declining trend. Over the period under review, imports continue to indicate a resilient expansion. The growth pace was the most rapid in 2013 when imports increased by 320%. Over the period under review, imports of reached the maximum at X tons in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, imports of protein concentrates and flavoured or coloured sugar syrups soared to $X in 2021. In general, imports enjoyed a significant expansion. The growth pace was the most rapid in 2013 when imports increased by 320% against the previous year. The level of import peaked in 2021 and is likely to see gradual growth in the near future.

Imports by Country

Kazakhstan prevails in syrups structure, finishing at X tons, which was near 78% of total imports in 2021. Uzbekistan (X tons) ranks second in terms of the total imports with a 7.8% share, followed by Kyrgyzstan (6.4%) and Mongolia (5.9%).

Imports into Kazakhstan increased at an average annual rate of +29.3% from 2012 to 2021. At the same time, Uzbekistan (+162.4%) and Mongolia (+17.0%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing importer imported in Central Asia, with a CAGR of +162.4% from 2012-2021. By contrast, Kyrgyzstan (-13.5%) illustrated a downward trend over the same period. Kazakhstan (+55 p.p.), Uzbekistan (+7.8 p.p.) and Mongolia (+1.6 p.p.) significantly strengthened its position in terms of the total imports, while Kyrgyzstan saw its share reduced by -63.6% from 2012 to 2021, respectively.

In value terms, Kazakhstan ($X) constitutes the largest market for imported protein concentrates and flavoured or coloured sugar syrups in Central Asia, comprising 65% of total imports. The second position in the ranking was held by Uzbekistan ($X), with a 15% share of total imports. It was followed by Mongolia, with a 14% share.

In Kazakhstan, imports of protein concentrates and flavoured or coloured sugar syrups expanded at an average annual rate of +36.4% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Uzbekistan (+226.3% per year) and Mongolia (+28.1% per year).

Import Prices by Country

The import price in Central Asia stood at $X per ton in 2021, rising by 36% against the previous year. Overall, the import price continues to indicate a remarkable increase. The pace of growth was the most pronounced in 2020 when the import price increased by 65% against the previous year. Over the period under review, import prices attained the maximum in 2021 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: 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 2021, the most notable rate of growth in terms of prices was attained by Uzbekistan (+24.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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