Central Asia: Market for Candies, Sweets, and Nonchocolate Confectionery 2024

Market Size for Candies, Sweets, and Nonchocolate Confectionery in Central Asia

In 2022, the Central Asian market for candies, sweets, and nonchocolate confectionery decreased by -4.4% to $X for the first time since 2018, thus ending a three-year rising trend. Overall, consumption showed a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2021, and then declined slightly in the following year.

Production of Candies, Sweets, and Nonchocolate Confectionery in Central Asia

In value terms, candy, sweets, and nonchocolate confectionery production stood at $X in 2022 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of 9.7%. The level of production peaked at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

Exports of Candies, Sweets, and Nonchocolate Confectionery

Exports in Central Asia

In 2022, approx. X tons of candies, sweets, and nonchocolate confectionery were exported in Central Asia; growing by 24% on 2021. In general, exports continue to indicate a remarkable increase. The pace of growth appeared the most rapid in 2017 when exports increased by 59%. As a result, the exports attained the peak of X tons. From 2018 to 2022, the growth of the exports failed to regain momentum.

In value terms, candy, sweets, and nonchocolate confectionery exports soared to $X in 2022. Total exports indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +7.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Kazakhstan was the major exporting country with an export of about X tons, which reached 77% of total exports. It was distantly followed by Uzbekistan (X tons), creating a 21% share of total exports.

Kazakhstan was also the fastest-growing in terms of the candies, sweets, and nonchocolate confectionery exports, with a CAGR of +5.4% from 2012 to 2022. At the same time, Uzbekistan (+1.1%) displayed positive paces of growth. While the share of Uzbekistan (+21 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Kazakhstan (-21 p.p.) displayed negative dynamics.

In value terms, Kazakhstan ($X) remains the largest candy, sweets, and nonchocolate confectionery supplier in Central Asia, comprising 79% of total exports. The second position in the ranking was held by Uzbekistan ($X), with a 19% share of total exports.

In Kazakhstan, candy, sweets, and nonchocolate confectionery exports expanded at an average annual rate of +4.8% over the period from 2012-2022.

Export Prices by Country

The export price in Central Asia stood at $X per ton in 2022, picking up by 38% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The level of export peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Kazakhstan ($X per ton), while Uzbekistan amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uzbekistan (+10.6%).

Imports of Candies, Sweets, and Nonchocolate Confectionery

Imports in Central Asia

In 2022, supplies from abroad of candies, sweets, and nonchocolate confectionery decreased by -14% to X tons for the first time since 2019, thus ending a two-year rising trend. The total import volume increased at an average annual rate of +1.4% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The pace of growth appeared the most rapid in 2017 when imports increased by 19% against the previous year. The volume of import peaked at X tons in 2021, and then reduced in the following year.

In value terms, candy, sweets, and nonchocolate confectionery imports rose notably to $X in 2022. The total import value increased at an average annual rate of +1.7% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when imports increased by 28%. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

Kazakhstan was the key importer of candies, sweets, and nonchocolate confectionery in Central Asia, with the volume of imports resulting at X tons, which was approx. 52% of total imports in 2022. Uzbekistan (X tons) held a 17% share (based on physical terms) of total imports, which put it in second place, followed by Kyrgyzstan (13%), Mongolia (10%) and Tajikistan (5.5%). Turkmenistan (X tons) took a relatively small share of total imports.

Imports into Kazakhstan increased at an average annual rate of +2.9% from 2012 to 2022. At the same time, Uzbekistan (+33.7%) and Kyrgyzstan (+1.8%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing importer imported in Central Asia, with a CAGR of +33.7% from 2012-2022. By contrast, Mongolia (-1.3%), Tajikistan (-6.7%) and Turkmenistan (-18.6%) illustrated a downward trend over the same period. While the share of Uzbekistan (+17 p.p.) and Kazakhstan (+7 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Mongolia (-3.3 p.p.), Tajikistan (-7.2 p.p.) and Turkmenistan (-14 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Kazakhstan ($X) constitutes the largest market for imported candies, sweets, and nonchocolate confectionery in Central Asia, comprising 56% of total imports. The second position in the ranking was held by Uzbekistan ($X), with a 17% share of total imports. It was followed by Mongolia, with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Kazakhstan totaled +3.0%. In the other countries, the average annual rates were as follows: Uzbekistan (+43.0% per year) and Mongolia (+0.4% per year).

Import Prices by Country

The import price in Central Asia stood at $X per ton in 2022, picking up by 29% against the previous year. In general, the import price recorded a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, 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 2022, the most notable rate of growth in terms of prices was attained by Uzbekistan (+6.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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