Central Asia: Sugars Market 2024

Sugars Market Size in Central Asia

The Central Asian sugars market rose significantly to $X in 2021, picking up by 5.7% against the previous year. In general, consumption, however, showed a perceptible decline. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market remained at a somewhat lower figure.

Sugars Production in Central Asia

In value terms, sugars production expanded significantly to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a perceptible contraction. The pace of growth was the most pronounced in 2013 when the production volume increased by 29% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2021, production growth failed to regain momentum.

Sugars Exports

Exports in Central Asia

In 2021, approx. X kg of sugars, sugar ethers and salts were exported in Central Asia; with a decrease of -96.9% on the year before. Overall, exports showed a dramatic decrease. The most prominent rate of growth was recorded in 2017 with an increase of 293% against the previous year. As a result, the exports reached the peak of X tons. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, sugars exports fell significantly to $X in 2021. In general, exports faced a dramatic slump. The pace of growth appeared the most rapid in 2017 with an increase of 243% against the previous year. As a result, the exports attained the peak of $X. From 2018 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

The shipments of the one major exporters of sugars, sugar ethers and salts, namely Kazakhstan, represented more than two-thirds of total export.

Kazakhstan was also the fastest-growing in terms of the sugars, sugar ethers and salts exports, with a CAGR of -76.5% from 2016 to 2021. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Kazakhstan ($X) also remains the largest sugars supplier in Central Asia.

In Kazakhstan, sugars exports declined by an average annual rate of -79.2% over the period from 2016-2021.

Export Prices by Country

The export price in Central Asia stood at $X per ton in 2021, which is down by -60.6% against the previous year. In general, the export price showed a abrupt downturn. The most prominent rate of growth was recorded in 2018 when the export price increased by 58% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2019 to 2021, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Kazakhstan.

From 2016 to 2021, the rate of growth in terms of prices for Kazakhstan amounted to -11.4% per year.

Sugars Imports

Imports in Central Asia

After four years of growth, purchases abroad of sugars, sugar ethers and salts decreased by -3.9% to X tons in 2021. Overall, imports, however, saw a significant expansion. The pace of growth appeared the most rapid in 2017 with an increase of 419% against the previous year. Over the period under review, imports attained the maximum at X tons in 2020, and then dropped in the following year.

In value terms, sugars imports dropped slightly to $X in 2021. In general, imports, however, showed a strong increase. The growth pace was the most rapid in 2017 with an increase of 651%. Over the period under review, imports attained the maximum at $X in 2020, and then fell modestly in the following year.

Imports by Country

Uzbekistan represented the key importing country with an import of about X tons, which finished at 61% of total imports. It was distantly followed by Kazakhstan (X tons) and Turkmenistan (X tons), together making up a 38% share of total imports.

Imports into Uzbekistan increased at an average annual rate of +24.3% from 2012 to 2021. At the same time, Turkmenistan (+78.3%) and Kazakhstan (+10.6%) displayed positive paces of growth. Moreover, Turkmenistan emerged as the fastest-growing importer imported in Central Asia, with a CAGR of +78.3% from 2012-2021. While the share of Uzbekistan (+61 p.p.) and Turkmenistan (+12 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Kazakhstan (-73.6 p.p.) displayed negative dynamics.

In value terms, Uzbekistan ($X) constitutes the largest market for imported sugars, sugar ethers and salts in Central Asia, comprising 61% of total imports. The second position in the ranking was taken by Kazakhstan ($X), with a 27% share of total imports.

From 2012 to 2021, the average annual growth rate of value in Uzbekistan totaled +11.5%. In the other countries, the average annual rates were as follows: Kazakhstan (-2.7% per year) and Turkmenistan (+83.1% per year).

Import Prices by Country

The import price in Central Asia stood at $X per ton in 2021, picking up by 3.9% against the previous year. In general, the import price, however, saw a abrupt downturn. The pace of growth appeared the most rapid in 2017 when the import price increased by 45% against the previous year. Over the period under review, import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Average prices varied noticeably amongst the major importing countries. In 2021, 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 2021, the most notable rate of growth in terms of prices was attained by Turkmenistan (+2.7%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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