Central Asia: Spice Market 2024

Spice Market Size in Central Asia

For the fifth year in a row, the Central Asian spice market recorded growth in sales value, which increased by X% to $X in 2022. Overall, consumption saw strong growth. The level of consumption peaked in 2022 and is likely to see steady growth in the immediate term.

Spice Production in Central Asia

In value terms, spice production contracted remarkably to $X in 2022 estimated in export price. In general, production, however, showed a strong expansion. The most prominent rate of growth was recorded in 2019 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2020 to 2022, production growth remained at a lower figure.

The countries with the highest volumes of production in 2022 were Uzbekistan (X tons), Tajikistan (X tons) and Kyrgyzstan (X tons), together accounting for X% of total production.

From 2012 to 2022, the biggest increases were recorded for Tajikistan (with a CAGR of X%), while production for the other leaders experienced more modest paces of growth.

In 2022, the average spice yield in Central Asia stood at X tons per ha, growing by X% against the previous year. In general, the yield saw a prominent increase. The pace of growth was the most pronounced in 2019 with an increase of X%. As a result, the yield reached the peak level of X tons per ha. From 2020 to 2022, the growth of the spice yield remained at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the spice harvested area in Central Asia shrank to X ha, falling by X% compared with 2021. Overall, the harvested area, however, continues to indicate a buoyant increase. The most prominent rate of growth was recorded in 2018 when the harvested area increased by X%. The level of harvested area peaked at X ha in 2019; however, from 2020 to 2022, the harvested area remained at a lower figure.

Spice Exports

Exports in Central Asia

In 2022, shipments abroad of spices decreased by X% to X tons, falling for the third consecutive year after four years of growth. In general, exports, however, posted significant growth. The pace of growth was the most pronounced in 2017 with an increase of X%. Over the period under review, the exports reached the maximum at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, spice exports reduced notably to $X in 2022. Overall, exports, however, posted a significant increase. The pace of growth appeared the most rapid in 2017 when exports increased by X% against the previous year. The level of export peaked at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

Uzbekistan dominates exports structure, reaching X tons, which was near X% of total exports in 2022. Kazakhstan (X tons) and Tajikistan (X tons) held a relatively small share of total exports.

From 2012 to 2022, average annual rates of growth with regard to spice exports from Uzbekistan stood at X%. At the same time, Kazakhstan (X%) and Tajikistan (X%) displayed positive paces of growth. Moreover, Kazakhstan emerged as the fastest-growing exporter exported in Central Asia, with a CAGR of X% from 2012-2022. While the share of Uzbekistan (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Kazakhstan (X p.p.) and Tajikistan (X p.p.) displayed negative dynamics.

In value terms, Uzbekistan ($X) remains the largest spice supplier in Central Asia, comprising X% of total exports. The second position in the ranking was held by Kazakhstan ($X), with an X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Uzbekistan amounted to X%. In the other countries, the average annual rates were as follows: Kazakhstan (X% per year) and Tajikistan (X% per year).

Export Prices by Country

In 2022, the export price in Central Asia amounted to $X per ton, dropping by X% against the previous year. Over the period under review, the export price recorded a deep contraction. The most prominent rate of growth was recorded in 2019 when the export price increased by X%. Over the period under review, the export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices stood 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 Kazakhstan ($X per ton), while Tajikistan ($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 (X%), while the other leaders experienced a decline in the export price figures.

Spice Imports

Imports in Central Asia

For the ninth consecutive year, Central Asia recorded growth in purchases abroad of spices, which increased by X% to X tons in 2022. In general, imports continue to indicate a strong increase. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The volume of import peaked in 2022 and is likely to see steady growth in the immediate term.

In value terms, spice imports expanded modestly to $X in 2022. Overall, imports enjoyed a strong expansion. The pace of growth was the most pronounced in 2020 when imports increased by X%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

Imports by Country

Kazakhstan (X tons) and Uzbekistan (X tons) were the main importers of spices in 2022, recording approx. X% and X% of total imports, respectively. It was distantly followed by Kyrgyzstan (X tons), generating a X% share of total imports. The following importers - Mongolia (X tons), Tajikistan (X tons) and Turkmenistan (X tons) - each accounted for a X% share of total imports.

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

In value terms, Kazakhstan ($X) constitutes the largest market for imported spices in Central Asia, comprising X% of total imports. The second position in the ranking was held by Uzbekistan ($X), with a X% share of total imports. It was followed by Kyrgyzstan, with an X% share.

From 2012 to 2022, the average annual growth rate of value in Kazakhstan totaled X%. In the other countries, the average annual rates were as follows: Uzbekistan (X% per year) and Kyrgyzstan (X% per year).

Import Prices by Country

In 2022, the import price in Central Asia amounted to $X per ton, growing by X% against the previous year. Overall, the import price, however, continues to indicate a drastic downturn. The most prominent rate of growth was recorded in 2013 when the import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the import prices remained at a somewhat lower figure.

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

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

Source: IndexBox Platform

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