Central Asia: Market for Sweet Biscuits, Waffles and Wafers 2024

Market Size for Sweet Biscuits, Waffles and Wafers in Central Asia

In 2021, the Central Asian market for sweet biscuits, waffles and wafers was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. Overall, consumption saw a mild expansion. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market failed to regain momentum.

Production of Sweet Biscuits, Waffles and Wafers in Central Asia

In value terms, sweet biscuit, waffle and wafer production rose sharply to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.1% 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 2013 when the production volume increased by 43% against the previous year. The level of production peaked at $X in 2015; however, from 2016 to 2021, production failed to regain momentum.

Exports of Sweet Biscuits, Waffles and Wafers

Exports in Central Asia

In 2021, shipments abroad of sweet biscuits, waffles and wafers decreased by -5% to X tons for the first time since 2014, thus ending a six-year rising trend. In general, exports, however, saw a prominent expansion. The most prominent rate of growth was recorded in 2017 with an increase of 52%. Over the period under review, the exports reached the peak figure at X tons in 2020, and then declined in the following year.

In value terms, sweet biscuit, waffle and wafer exports dropped slightly to $X in 2021. Overall, exports, however, continue to indicate prominent growth. The most prominent rate of growth was recorded in 2016 when exports increased by 38%. Over the period under review, the exports reached the peak figure at $X in 2020, and then reduced slightly in the following year.

Exports by Country

Kazakhstan (X tons) and Uzbekistan (X tons) dominates exports structure, together creating 97% of total exports. Kyrgyzstan (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Uzbekistan (with a CAGR of +30.5%), while the other leaders experienced mixed trends in the exports figures.

In value terms, Kazakhstan ($X) remains the largest sweet biscuit, waffle and wafer supplier in Central Asia, comprising 68% of total exports. The second position in the ranking was taken by Uzbekistan ($X), with a 28% share of total exports.

In Kazakhstan, sweet biscuit, waffle and wafer exports expanded at an average annual rate of +5.6% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Uzbekistan (+30.4% per year) and Kyrgyzstan (-0.9% per year).

Export Prices by Country

The export price in Central Asia stood at $X per ton in 2021, standing approx. at the previous year. Over the period under review, the export price, however, saw a noticeable descent. The most prominent rate of growth was recorded in 2015 when the export price increased by 7.7% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2016 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 Kazakhstan ($X per ton), while Uzbekistan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kyrgyzstan (+2.6%), while the other leaders experienced a decline in the export price figures.

Imports of Sweet Biscuits, Waffles and Wafers

Imports in Central Asia

In 2021, the amount of sweet biscuits, waffles and wafers imported in Central Asia surged to X tons, jumping by 18% against the year before. The total import volume increased at an average annual rate of +2.9% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, sweet biscuit, waffle and wafer imports surged to $X in 2021. In general, imports showed a slight expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Kazakhstan was the key importing country with an import of about X tons, which recorded 42% of total imports. It was distantly followed by Kyrgyzstan (X tons), Mongolia (X tons), Tajikistan (X tons) and Uzbekistan (X tons), together constituting a 56% share of total imports. Turkmenistan (X tons) followed a long way behind the leaders.

Kazakhstan experienced a relatively flat trend pattern with regard to volume of imports of sweet biscuits, waffles and wafers. At the same time, Uzbekistan (+49.9%), Tajikistan (+8.3%), Kyrgyzstan (+7.6%) and Mongolia (+4.6%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing importer imported in Central Asia, with a CAGR of +49.9% from 2012-2021. By contrast, Turkmenistan (-11.4%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Uzbekistan, Kyrgyzstan, Tajikistan and Mongolia increased by +8.7, +6.3, +5 and +2 percentage points, respectively.

In value terms, Kazakhstan ($X) constitutes the largest market for imported sweet biscuits, waffles and wafers in Central Asia, comprising 43% of total imports. The second position in the ranking was held by Mongolia ($X), with a 17% share of total imports. It was followed by Kyrgyzstan, with a 13% share.

In Kazakhstan, sweet biscuit, waffle and wafer imports declined by an average annual rate of -2.6% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Mongolia (+3.8% per year) and Kyrgyzstan (+1.6% per year).

Import Prices by Country

In 2021, the import price in Central Asia amounted to $X per ton, surging by 7.5% against the previous year. Over the period under review, the import price, however, continues to indicate a slight setback. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Uzbekistan ($X per ton), while Kyrgyzstan ($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 (+5.3%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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